Canelo Alvarez Net Worth: How much is his bank account increase this year?

Saul Alvarez, popularly known as “Canelo,” stands as a Mexican boxing prodigy in the Light Middleweight division with an impressive net worth of $200 million. Considered by many as the best pound-for-pound boxer in the sport, Canelo Alvarez has showcased his dominance and skills against a multitude of formidable opponents.

Canelo sends a powerful message to Charlo with intense workoutParker Johnson

Canelo initiated his professional boxing career at the astonishing age of 15, swiftly proving his mettle in the ring. Throughout his journey, Canelo has achieved multiple world championships in four weight classes, leaving an indelible mark in the light middleweight, middleweight, super middleweight, and light heavyweight divisions.

His career boasts significant milestones, including triumphs in the WBC, WBA (Super), and Ring magazine light middleweight titles in 2011, and the unified WBA (Unified), WBC, Ring, and lineal middleweight titles in 2015. Canelo’s historic feat of becoming the first boxer to unify the WBA (Super), WBC, and Ring magazine super middleweight titles in December 2020 further solidifies his legacy.

Canelo Alvarez secured a groundbreaking 5-year, $365 million fight contract with Oscar De La Hoya’s promotion company and DAZN on October 17, 2018. This lucrative deal covers 11 fights, commencing with his riveting matchup against Rocky Fielding in New York on December 15, 2018.

Between June 2018 and June 2019, he amassed a colossal $95 million from his boxing empire. The subsequent year witnessed earnings of $40 million, and from June 2020 to June 2021, Canelo added another astonishing $90 million to his burgeoning wealth.

Unveiling Canelo Alvarez’s purse history showcases the substantial rewards that come with his unparalleled boxing prowess. Notable opponents have brought significant paydays, such as the $40 million earned from the Gennady Golovkin I fight and the $30 million from the Gennady Golovkin II battle. his actual earnings have since increased to over $300 million, although this is not verified information.

In terms of his boxing style, Canelo is celebrated for his adept counterpunching skills, exploiting opponents’ defenses with precision. His powerful body punches, strategic head movement, and intelligence in crafting creative combinations that confound opponents are hallmarks of his boxing brilliance.

However, legal battles marked a twist in this trajectory. In September 2020, Canelo filed a breach of contract lawsuit against DAZN, Golden Boy Promotions, and Golden Boy’s CEO Oscar De La Hoya, seeking $280 million in damages. The lawsuit epitomized Canelo’s desire for just compensation and the autonomy to select opponents, shaping the course of his professional journey.