Canelo Alvarez’s Net Worth 2024, Salary and Endorsements

Last Modified Jan 31, 2024 10:00 GMT
Canelo Alvarez Net Worth
Canelo Alvarez


Santos Saúl "Canelo" Alvarez Barragán is a renowned Mexican professional boxer who has achieved multiple world championships in four weight classes ranging from light middleweight to light heavyweight. Among these titles, he holds unified titles in three weight classes and lineal titles in two.


Alvarez is known to be a counterpuncher and is adept at exploiting gaps in his opponent's guard while dodging punches with his body and head movements. He is also famous for his excellent body punches. In the year 2020, Alvarez became the first boxer to achieve undisputed champion status at super middleweight, and he currently holds the WBA (Super), WBC, and Ring magazine titles since then, along with the IBF and WBO titles from the year 2021.


Various organizations rank Alvarez as the world's best active boxer pound-for-pound, including BoxRec and the Boxing Writers Association of America, while ESPN ranks him fourth, TBRB ranks him fifth, and The Ring ranks him sixth. Additionally, Alvarez is regarded as the world's best active super middleweight, as ranked by ESPN, TBRB, BoxRec, and The Ring.


On September 30, 2023, Alvarez fought Jermell Charlo and won convincingly via a unanimous decision.


Age 33 years old
Net Worth Estimated $200 million
Source of WealthMMA, Boxing, Endorsements
Salary $85 million (Forbes)
Endorsement LVMH Moët Hennessy Louis Vuitton, Everlast
Residence Guadalajara, Mexico
Marital StatusMarried
Charity Red Nose Foundation, Hospitals


Canelo Alvarez Net Worth
Canelo Alvarez



What is Canelo Alvarez’s net worth in 2024?

As of January 2024, Canelo Alvarez's net worth is estimated to be $200 million, according to multiple sources. In 2018, Canelo Alvarez signed a record-breaking contract with DAZN, the largest in boxing history. The 11-fight deal was worth $365 million, with an expected $35 million per fight.


However, Canelo was only paid $50 million for his first two fights on DAZN, leading him to exit the contract in 2020 and file a lawsuit against his promoter and broadcaster for non-payment of agreed-upon amounts. He sought compensatory damages of at least $280 million, including punitive damages and legal fees.


According to Forbes, Canelo was worth $94 million in 2020, and his fortune has increased to $180 million as of 2024, thanks to his successful and lucrative fights and sponsorships. He is considered one of the wealthiest boxers in the world.


Canelo Alvarez’s Salary

Canelo Alvarez Barragan, the Mexican boxer, has generated a substantial amount of wealth from his boxing career, making him the highest-earning athlete in combat sports. Not only does he, but also his opponents, earn a large sum of money fighting him. Forbes reported that in 2020, Canelo earned $35 million from his salary and winnings.


Canelo's biggest paydays came from his fights with Gennady Golovkin in 2018, earning $40 million, followed by $30 million in their rematch. In his knockout victory over Amir Khan in 2016, he earned $25 million. Even in his first professional loss against Mayweather, he was still paid a massive $12 million.


Canelo Alvarez Net Worth
Canelo Alvarez(Photo courtesy: Canelo Alvarez Instagram)



Canelo Alvarez’s Endorsements

Alvarez's success in boxing has not only earned him titles but also endorsement deals. The young fighter has been affiliated with Everlast, a sports equipment brand, since 2014 and serves as the company's brand ambassador. As part of the deal, Everlast constructed a gym for him from the ground up.


In 2017, Alvarez entered into a partnership with Hennesy under the slogan "Never Stop, Never Settle." Additionally, Alvarez has had deals with various other brands in the past, including Under Armour, Tecate, and Golden Boys Promotion.


Canelo Alvarez’s Charity and Foundation Work

In 2019, Alvarez received the Hispanic Heritage Awards for Sports for his efforts in supporting communities outside of sports. At the age of 20, Alvarez gave a motivational speech to a young person in his area and helped construct a youth institute in his city.


When a 7.1 magnitude earthquake struck Mexico in 2017, Alvarez made a substantial contribution by donating $1 million worth of supplies, medicine, and construction equipment to aid in the earthquake relief efforts. He also volunteered to help load supplies onto a truck heading to the affected communities in his hometown. In 2020, Alvarez donated 500k pesos ($27k) to the Red Nose Foundation to support children with cancer, and he also donated autographed gloves to raise additional funds.


During the COVID-19 outbreak in his country, he provided significant support by donating 950 personal medical kits to the health workers at the Hospital Civil de Guadalajara. Later, he went above and beyond by covering the costs of a 17-year-old fan's lung transplant.


Canelo Alvarez’s House

Alvarez resides in a mansion located in his hometown, Guadalajara, with his wife, Fernanda Gomez, and their children, including daughters Emily Cinnamon Alvarez, Mia Ener Alvarez, Maria Fernanda Alvarez, and a son, Saul Adiel Alvarez. However, he has kept the details of his house private to maintain his valued privacy.


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Canelo Alvarez’s Car Collection

In addition to his extravagant $54 million yacht and a lavish $35 million private jet, Alvarez is also the owner of numerous cars, with an estimated value of $10 million. He often shares glimpses of his luxurious car collection on social media.


One of his favorite vehicles is the Mercedes SLS AMG Black Series, which costs approximately $700,000. Furthermore, in 2020, he purchased the Bugatti Chiron, which is one of the fastest cars in the world and was priced at $3 million. One of the other luxurious cars in his collection is the Rolls Royce Ghost, which costs $322,000. At his 24th birthday celebration, Alvarez presented his Nissan GTR called Godzilla, a vehicle that is exclusive to Mexico and costs around $210,000.


His Guadalajara mansion houses a variety of other exotic cars, including the Lamborghini Aventador, Mustang 500 Eleanor, Mercedes-Benz G63 AMG, Ferrari Testarossa, AMG 64bi Turbo, Ferrari 458 Italia, McLaren P1, Porsche 911 GT, and Lamborghini Gallardo.


Net Worth Comparison with Other Popular Boxers (2024)

Canelo Alvarez’s Net WorthGennady Golovkin’s Net WorthAmir Khan’s Net WorthAdrien Broner’s Net Worth
Estimated 200 millionEstimated $30 millionEstimated $30 millionEstimated $10 million

*Last updated on January 31, 2024.

FAQs

Q. What is Canelo Alvarez's net worth?

A. As per multiple sources, Canelo Alvarez's net worth is estimated to be $200 million.

Q. What is Canelo Alvarez's salary?

A. Canelo Alvarez's salary varies depending on the fight and several factors, but Forbes reported that his salary in 2022 was $85 million; thus, his salary in 2023 may be higher.

Q. Where does Canelo Alvarez live?

A. Canelo Alvarez primarily resides in Guadalajara, Mexico, where he owns a luxurious mansion.

Q. What is Canelo's record?

A. Canelo Alvarez holds a professional boxing record of 60 wins and 2 losses.

Q. Which companies are endorsed by Canelo?

A. Canelo is endorsed by huge companies like Everlast and Hennessy.