Canelo Alvarez Net Worth

Saul Alvarez is a Mexican professional boxer and one of the best boxers in the world right now. Not only is he the highest-paid boxer in the world after Floyd Mayweather, but he has held multiple world championships in different weight classes for nearly 5 years now. Born from a family of 8 brothers, all boxers, the sport runs in his blood. And what a career it’s been for Canelo. It’s no wonder this Mexican fighter is downright wealthy.

What is Canelo Alvarez’s Net Worth

As it stands, Canelo is worth about 140 million dollars according to Wealthy Gorilla. In 2013 he fought Floyd Mayweather and made 12 million dollars from it. After his Mayweather fight, he took home $40 million after going head to head against Caleb Plant. Genedy Golokvin came along with a $40 million challenge, as well as an additional 30 million dollars for the rematch.

We’re talking about someone who signed a $365 million deal with Golden Boy and popular streaming service DAZN. $2 million dollars in endorsements also leave the tough guy sitting pretty and investments bring him in $1.2 million a month.

From Hennessy to Under Armour, and even Mexican beer company Tecate, Canelo has worked with many brands throughout his boxing career. It’s no wonder he was named as one of the highest-paid athletes by Forbes last year. His professional career has been very successful.

Who is Canelo Alvarez?

Born Santos Saul Alvarez Barragan on July 18, 1990, Canelo Alvarez is a professional boxer. A product of Guadalajara, Jalisco, Mexico, Alvarez grew up on his family’s farm.

The Alvarez clan is originally from Los Reyes, Michoacan, though they moved to Juanacatlan, Jalisco when Canelo was a toddler. It’s there where he cultivated a love for horses and horseback riding, a pastime he still cherishes today.

Canelo is considered somewhat of a national treasure in his home country. Still, he’s carved out quite a profitable career in the U.S, and at such a young age. He’s been actively involved in charity for his hometown and has expressed his appreciation for the support he receives back home.

Alvarez married Fernanda Gomez just last year. The two met at a charity gala in 2016 and they’ve been smitten ever since. Canelo has four children from four different mothers, three girls, and one boy.

Apart from riding horses, Canelo also enjoys playing golf in his spare time. He’s even mentioned how he wishes to retire early so he can focus on his business and play golf every day. So what business is this, you ask? Canelo Promotions represents and promotes dozens of boxers throughout Mexico.

Key Facts about Canelo Alvarez

• The world championships he’s won include the WBC, Unified WBA, and Ring Magazine. He’s also held the lineal middleweight title for three years. He’s held the IBF middleweight title for three years and the WBA super weight title since 2019.
• He defended his title by technical knockout 10 years ago in his hometown.
• Having to fend for himself on the streets as a youngster made him the fighter he is today.
• He made his boxing debut in 2005.

• He was recently ranked as the world’s most active boxer by BoxRec and the Boxing Writers Association of America.
• In addition to Floyd Mayweather, Canelo Alvarez’s boxing career boasts such big names as Miguel Cotto, Oscar de la Hoya, Joe Saunders, Matthew Hatton, Liam Smith, Austin Trout, Carlos Baldomir, and Rocky Fielding. Canelo even defeated Amir Khan and Sugar Shane Mosley.
• His brothers Ricardo Alvarez, Rigoberto álvarez, and Ramón álvarez are professional boxers as well.

Where did the Name Canelo Come From?

While many are under the impression that Canelo is his first name, it is in fact only a nickname. The name, which means cinnamon in Spanish, is a common Mexican nickname for people with red hair.

While he seems to embrace the name, he was called Jicama con Chile, or Jicama with chili flakes during childhood. Such name-calling was part of the bullying he experienced when growing up; the very same bullying that would serve as his motivation.

Fun Facts about Canelo Alvarez

• He’s received a horse both from a Mexican singer and a Mexican mayor.
• His daughter’s name, Cinnamon, was inspired by his nickname Canelo, which carries the same meaning.
• One of his brothers, Rigoberto Alvarez, is a former WBA interim world champion.
• He was once engaged to Marisol Gonzales, who is Miss Mexico Universe 2003.

• He loves playing poker and practices frequently.
• Most of his family still refer to him as Saul Alvarez.
• His last fight netted him 550 thousand PPV buys.

Beyond Canelo Alvarez Net Worth – His Spending Habits

Reportedly, Canelo saw the Ferrari Testarossa in the movies as a kid and now he owns it. He also has a Mercedes SLS AMG Black Series and he bought a Bugatti Chiron in 2019. He even has off-road buggies he uses to keep watch over the 38 horses he has on his ranch.

Some of the other cars he owns include; a Lamborghini Aventador, a Rolls Royce Ghost, and a Mustang 500 Eleanor. You’ll also find a Porsche 911 GT3, an AMG C64 biTurbo, and a McLaren P1 in his collection.

In 2015 he sold his home in Del Mar for 6 million dollars. Canelo lives a pretty private life. It isn’t clear just how much the home he’s living in is worth, but it’s obviously a multi-million dollar mansion. He’s known to have expensive taste, with more than 600 pairs of shoes and a wardrobe fit for a king.

What’s Next for Canelo Alvarez?

After taking the super-welterweight, middleweight, and super-middleweight titles, he’s not slowing down. Sure, he lost by a hair to Dmitri Bivol in May this year, but it’s full steam ahead for the Mexican-born fighter. On September 17, he’s set to face off with Gennadiy Golokvin before attempting to rematch Bivol. It’s obvious he’s got many more fights in him, so it’ll be interesting to see how he fists his way to a consistently stellar career.

Canelo isn’t only looking towards boxing either. A brilliant investor with a keen eye, he hopes to get into the energy business. Yes, he loves horses, but he loves horsepower too, and that’s why he’s planning on diversifying his investments. He’s mentioned wanting to open 100 gas stations in Mexico, all under a brand he’s calling ‘Canelo Energy‘. 

The man claims to be making up to 5 million dollars every 3 months from his investments. While that’s enough to live a very comfortable life without breaking a sweat, it seems Alvarez is still going to continue to fight for a while. He could easily hang up his gloves and live a tranquil ranch life, but that doesn’t appear to be the plan. We can expect at least 5 more years of quality boxing from Canelo and we can’t wait to see the next ten fights.

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