Canelo Alvarez, the P4P King, has now cemented himself as one of the greatest boxers of this generation. Besides his alarming resume which is full of elite-level opponents, Alvarez’s charisma has made him a PPV attraction.
Aged 33, Canelo Alvarez is now a four-division world champion in boxing. All these plus points have favored him to become a multi-millionaire. As of now, Alvarez reportedly has a net worth of $200 million.
Most of Canelo Alvarez’s earnings have been through his boxing and lucrative sponsorships. Besides, the boxer also has his chain of businesses, smart investments, and social media earnings to secure the bank account. Here’s a broader look at his net worth.
Canelo Alvarez Networth: How Much Does He Make Annually?
The Mexican boxer currently makes $20-$50 million (approximately) annually. In an active resume of 60 wins, 2 losses, and 2 draws, Canelo has mostly been the A-sided fighter. Hence, he has been the bigger earner than his opponents throughout.
In the Forbes List of Highest Paid Athletes for 2023, Canelo was ranked 5th with an earning of $110 million. He bagged $100 million from boxing, while $10 million from other ventures. Alvarez was signed to Oscar De La Hoya’s Golden Boy Promotions for a long time until they split up due to contractual complexities.
Canelo Alvarez has been a free-agent since then. He has worked with Eddie Hearn’s Matchroom Promotions and is now in a multi-fight deal with Al Haymon’s PBC, assuring the incoming of his multi-million paychecks.
Canelo’s Biggest Paydays in Boxing
Canelo Alvarez began earning million-dollar paydays when he was just around 23 years old. During his win over Shane Mosley, Alvarez pocketed $1.2 million. He raked it up to $2 million on his victory against Josesito Lopez in 2012, with an additional $100k bonus from Oscar De La Hoya.
Saul Alvarez never had to turn back from that point. He earned $12 million total from a base earning of $5 million during the Floyd Mayweather fight. He earned another $4 million purse by defeating Miguel Cotto. The number was way more after adding the PPV shares.
Canelo made $15-$25 million by knocking out Amir Khan in May 2016. In 2017-2018, the world champion earned over $40 million from endorsements. Meanwhile, he secured another $40 million by locking horns against Gennadiy Golovkin in 2018.
The next year, he made his spot to the Forbes’ 5th spot standing next to Cristiano Ronaldo, Lionel Messi, Kylian Mbappe, and LeBron James only.
Business and Sponsorships
Canelo is the co-founder of Yacoa Brands and VMC drinks. He continues to promote those brands on social media as he holds 10.7 million followers on Instagram. While he is expected to remain active in boxing for several more years, his business ventures continue to smooth the financial journey.
Canelo Alvarez is also backed and sponsored by some of the major companies in the world likely Dolce and Gabbana, Everlast, Hennessey, Under Armour and Tecate. Up until now, Canelo has generated $550 million in boxing, only next to Floyd Mayweather and Manny Pacquiao. There’s no denying that he can surpass them in the race potentially in the next few years.
