Monday, October 7

Minimum and incomplete payment: 'Canelo' Álvarez recalled how much he was paid in his first fight and what he did with that money

Canelo enfrentará al ruso Dmitry Bivol el 7 de mayo.
Canelo will face Russia’s Dmitry Bivol on May 7.

Photo: Matt Thomas / Getty Images

Juan Chourio

Saúl Álvarez has a fortune that reaches 140 millions of dollars, however, not everything has been achieved thanks to boxing. In fact, the man from Guadalajara recalled that during his first professional fight he only received 40 dollars, of which he used half of that money to carry his family to combat.

“I won 800 Mexican pesos ($40 dollars) for that fight. I had to pay half of that in tickets because my family is very big and they wanted to see me fight ”, narrated the boxer during an interview granted to DAZ.

” When I debut, I won 800 pesos (40 dollars) and I don’t care, I sacrificed giving the weight being practically a child and I didn’t care about anything, but what matters is that I liked boxing, then I started live from it (the box).”. Canelo Álvarez @Canelo (debuting from years) pic.twitter.com/bS3PZQ2Ynt

— Rebbekkita ❤❤🌹🌹 (@alvez_rebeca) December 15, 2021

The fight, which meant the boxing debut of ‘Canelo’, took place in 2005 and the Mexican clearly remembers that they did not pay him the corresponding money to which he he had agreed, however, he did not depend on boxing as his sole source of income.

“They only paid me half the corresponding money for my first fight. I love boxing and have never done it for money. At that time I had other jobs, I was alone, I had no children, I did not have to support anything and I worked . I didn’t need the money, I just wanted to fight,” Álvarez explained.

However, reality has changed a lot since then, because now ‘Canelo’ is one of the boxers who earns the most money for fight. In fact, after the agreement of three fights that the Mexican will have during 2022, you will get a figure of 160 million dollars.

😎 I would have @Canelo three fights in 2022!

🥊 With the duel against Bivol already confirmed, Saúl could have two more fights this year, according to various media.

💰 El Guadalajara I would be earning 160 millions of dollars for these matchups.

🤔 Can the Mexican win them all? pic.twitter.com/6yeTEi6d40

— Boxeo Telemundo (@BoxeoTelemundo) February 28, 2022

Canelo’s fortune is not only due to boxing

Despite the fact that boxing has become a powerful source of income for the Mexican, Álvarez has started a career as an entrepreneur that has left him with great profits in his different businesses. .

And it is that among the companies that ‘Canelo’ manages is one gas station chain called Canelo Energy. On the other hand, he has income that he receives after investments in real estate, an item that gives him around of 4.5 million dollars per quarter.

‘Canelo’ Álvarez takes a first look at his new brand of gas stations|By means of videos that Canelo Álvarez uploaded to his Instagram stories unveiled his new project, which consists of a gas station with the name “Canelo Energy”.https://t.co/z0PbHTBU8b pic.twitter.com/db 76utNZOH— Noticias Oaxaca NVI (@nvinoticiasoax) July 2 , 2022

In addition to this is its own promoter Canelo Promotions that released after breaking ties with Golden Boy Boxing. And, as if that were not enough, the Mexican has a series of sponsorships from brands such as Everlast, Dolce and Gabbanna, Hennessy

, among others, which brings him earnings close to 2 million dollars per year.

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