Saul ‘Canelo’ Alvarez Biography: Net Worth, Early, Career And More

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Saul 'Canelo' Alvarez

Saul ‘Canelo’ Alvarez, the acclaimed Mexican boxer, emerges from humble beginnings to become a global icon in the world of boxing. From growing up on a family farm to conquering four weight classes and securing multiple world championships, Canelo’s story is a testament to his talent, determination, and business acumen.

Personal Stats

Full NameSaul ‘Canelo’ Alvarez
Date of BirthJuly 18, 1990
Marital StatusMarried
Net Worth~$180 million (2022)
BirthplaceGuadalajara, Mexico
ParentsSantos and Ana Maria
OccupationProfessional Boxer

Early Life, Family, And Upbringing

Saul Alvarez, born on July 18, 1990, in Guadalajara, Mexico, is the youngest of seven brothers raised on a family farm. His father, Santos, owns three ice cream parlors, and his parents manage the family farm. Canelo’s early exposure to boxing, thanks to his brothers, ignited his passion for the sport. Dropping out of school at a young age, he pursued boxing full-time.

Early Career

Alvarez’s boxing journey kicked off with a silver medal at the Mexican Junior Championships, quickly followed by a gold the next year at the age of 15. Turning professional at the tender age of 15, Canelo displayed remarkable promise. His initial 19 months in the professional circuit saw him face opponents significantly older, winning 13 out of 19 bouts with 11 knockouts. Despite some fights being undocumented, Canelo’s talent was undeniable.

Pro Career

Canelo’s professional career witnessed significant milestones. Winning world titles in four different weight classes – from light middleweight to light heavyweight – highlighted his versatility. Victories over renowned opponents like Ryan Rhodes, Austin Trout, and Shane Mosley underscored his prowess. However, his first defeat came against Floyd Mayweather in September 2013, marking a turning point in his career.

In May 2022, Canelo experienced another setback, facing a surprising defeat by Dmitry Bivol in Las Vegas. Stepping up in weight to light-heavyweight for the bout, he gracefully accepted the outcome, emphasizing the inherent nature of wins and losses in boxing.

Net Worth, Earnings, And Salary

Canelo’s success inside the ring translated into significant financial rewards. While official figures are elusive, estimates of his net worth stand at approximately $180 million in 2022. Forbes reported that, in one year, Canelo earned $90 million from salary and endorsements, with a substantial portion coming from winnings and salary. Additional earnings stemmed from sponsorships and endorsements, further solidifying his status as one of the highest-paid athletes globally.

Spanish newspaper AS estimated that, from 2018 to 2021, Canelo earned a staggering $220 million from fights and endorsements. His 2018 contract with Golden Boy and DAZN, valued at $365 million over five years, played a pivotal role in his financial ascent.

Life Away From The Boxing Ring

Beyond the ring, Canelo’s life unfolds as a tale of balance. Despite his fiery presence in the ring, his downtime involves a tranquil passion for horse riding. Describing it as a weekend hobby, Canelo finds solace riding into the open countryside with friends, cooking, and sleeping under the stars. In May 2021, he married his long-term girlfriend, Fernanda Gomez, in a ceremony held in Guadalajara, Mexico.

Sponsorships And Business Ventures

Canelo’s financial portfolio extends beyond the boxing arena. A lucrative partnership with Hennessy, ownership of a taco restaurant chain, and heading Canelo Promotions showcase his diverse entrepreneurial endeavors. In July 2021, he ventured into the energy sector, unveiling ‘Canelo Energy,’ a new gas station brand in Mexico.

What Others Have Said

Insights from those who have witnessed Canelo’s journey provide a deeper understanding of his impact. Don Chargin, a promoter and consultant to Golden Boy promotions, highlighted Canelo’s charisma and poise, predicting him to be one of the sport’s great stars. Floyd Mayweather, who defeated Canelo in 2013, commended him as a true champion. Dmitry Bivol, after beating Canelo in 2022, acknowledged Canelo’s power and expressed mutual respect.

Saul ‘Canelo’ Alvarez’s Professional Boxing Record

A comprehensive list of Canelo’s fights and victories reflects the evolution of his career. From defeating Gennady Golovkin to the recent bout with Dmitry Bivol, each match contributes to his legacy in the boxing world.

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