Santos Saúl "Canelo" Alvarez Barragán is a highly acclaimed Mexican professional boxer renowned for his remarkable achievements across multiple weight classes, spanning from light middleweight to light heavyweight. He boasts an impressive collection of world championships, including unified titles in three weight divisions and lineal titles in two.
Canelo Alvarez is celebrated for his counterpunching skills, masterfully exploiting openings in his opponent's defense while skillfully evading incoming punches through adept body and head movements. His prowess in delivering devastating body shots is also well-known. In a historic feat in 2020, Alvarez became the first boxer to attain undisputed champion status in the super middleweight category. Presently, he holds the WBA (Super), WBC, and Ring magazine titles since that achievement, and he added the IBF and WBO titles to his collection in 2021.
All of these accolades make him one of the biggest draws in modern professional boxing. Canelo’s fights consistently draw large audiences, both in attendance and through pay-per-view, making him a major attraction in the world of sports and also one of the wealthiest.
As per Fobes, Canelo Alvarez's net worth is estimated to be more than $275 million in the year 2024.
Canelo Alvarez Salary
Canelo Alvarez earns a guaranteed purse per fight in the range of $10 million to $20 million, according to his contract with Al Haymon's Premier Boxing Champions.
Canelo Alvarez recently revealed on his Instagram Stories that he has entered into a partnership with Premier Boxing Champions (PBC), an American promotion headed by Al Haymon. This partnership involves a lucrative three-fight deal worth over $100 million for the Mexican boxing star.
In addition to this guaranteed amount, his overall potential earnings from a fight can increase significantly based on pay-per-view (PPV) sales. In his previous fight against John Ryder, Canelo took home a massive paycheck of $38 Million, which included a guaranteed purse of $15 Million and a PPV share worth $22 Million.
Moreover, Alvarez's unanimous decision win against Jermell Charlo in his last outing is estimated to have earned him a minimum of $25 to $30 million as a purse.
Canelo Alvarez Previous Fight Purses
| Opponent | Guaranteed Purse | PPV Share | Total Fight Purse | Year |
| Gennady Golovkin (2nd Fight) | $10m | 55% | $25m (reported) | 2018 |
| Rocky Fielding | $5m | 60% | $15m (estimated) | 2018 |
| Daniel Jacobs | $2.5m | 70% | $7.5m (estimated) | 2019 |
| Sergey Kovalev | $15m | 60% | $30m (reported) | 2019 |
| Callum Smith | $10m | 55% | $25m (reported) | 2020 |
| Avni Yıldırım | $15m | 70% | $35m (estimated) | 2021 |
| Billy Joe Saunders | $10m | 65% | $33m (reported) | 2021 |
| Caleb Plant | $10m | 70% | $35m (reported) | 2021 |
| Dmitry Bivol | $15m | 65% | $38m (reported) | 2022 |
| Gennady Golovkin (3rd Fight) | $15m | 55% | $45m (reported) | 2022 |
| John Ryder | $15m | 70% | $38m (estimated) | 2023 |
How is Canelo Alvarez so rich?
Canelo Alvarez has amassed significant wealth through a combination of factors. His boxing achievements, including multiple world championships in different weight classes, have led to substantial earnings from fight purses. His fights consistently draw large pay-per-view audiences, generating substantial revenue, particularly when facing popular opponents like Floyd Mayweather Jr. and GGG. Alvarez has secured lucrative promotional and broadcasting deals with companies like DAZN, Matchroom Boxing, and Premier Boxing Champions (PBC), boosting his earnings per fight.
He has also ventured into promotional activities through his company, Canelo Promotions, allowing him to earn a share of the revenue from events he promotes. Alvarez's status as a high-profile athlete has attracted endorsement deals with various brands and sponsors, further adding to his income. His global popularity extends beyond Mexico and the United States, enabling him to negotiate favorable contracts and endorsements worldwide.
Alvarez's financial savvy, along with his team's wise management of his career and finances, has ensured that he receives a significant portion of the revenue generated from his fights. Canelo, like many successful athletes, has also made strategic investments outside of boxing, contributing to his growing wealth, which is now estimated to be around $275 Million.
Last Updated On April 25, 2024.
FAQs
Q. What is Canelo Alvarez's net worth?
A. As per multiple sources, Canelo Alvarez's net worth is estimated to be $275 million.
A. As per multiple sources, Canelo Alvarez's net worth is estimated to be $275 million.
Q. What is Canelo Alvarez's salary?
A. Canelo Alvarez earns a guaranteed purse of $10 million to $20 million in each of his fights.
A. Canelo Alvarez earns a guaranteed purse of $10 million to $20 million in each of his fights.
Q. Where does Canelo Alvarez live?
A. Canelo Alvarez resides in his hometown of Guadalajara, Mexico, where he owns a luxurious mansion.
A. Canelo Alvarez resides in his hometown of Guadalajara, Mexico, where he owns a luxurious mansion.
Q. What is Canelo Alvarez boxing record?
A. Canelo Alvarez currently boasts a record of 60 wins, 2 losses, and 2 draws in boxing.
A. Canelo Alvarez currently boasts a record of 60 wins, 2 losses, and 2 draws in boxing.
Q. Is Canelo the highest-paid athlete?
A. Canelo Alvarez was ranked 5th in the Forbes’ list of highest-paid athletes of 2023.
A. Canelo Alvarez was ranked 5th in the Forbes’ list of highest-paid athletes of 2023.
