The last few years have seen Canelo Alvarez skyrocket to stardom, firmly establishing himself as boxing’s new superstar.
His 2019 WBO light heavyweight title win proved what many have long suspected – Canelo is one of the most exciting names in boxing today.
Canelo has won titles in several different divisions and, as such, it’s no surprise that his net worth and fight purse reflect that.
What is Canelo Alvarez’s real name?
Canelo’s real name is Santos Saul Alvarez Barragan, or Saul Alvarez as he is known. His nickname, Canelo, comes from “Canelito” and was assigned to him because of his red hair.
Sal lvarez is a Mexican professional boxer in the light middleweight division who has an estimated net worth of approximately $180 million.
Canelo is a four-division world champion who has been described as the best pound-for-pound boxer in the sport. He has proven to be a formidable opponent for virtually every boxer he has faced.
On October 17, 2018, Canelo Alvarez signed a 5-year $365 million fight contract with Oscar De La Hoya’s promotion company and DAZN. The deal will cover 11 fights starting with his December 15, 2018 showdown against Rocky Fielding in New York.
Between June 2018 and June 2019, Canelo earned $95 million from his empire. In the following 12 months he earned $40 million. Between June 2020 and June 2021, Canelo earned $90 million.
First years of life
Saul Alvarez’s full name is Santos Saul Alvarez Barragan, and he was born on July 18, 1990. Alvarez was born in the outskirts of Guadalajara, although his family moved to Juanacatlan when he was five years old.
Alvarez is the youngest of seven siblings, and the children were raised on his family’s farm. All six of Saul’s brothers also became professional boxers.
In his youth, Saul enjoyed riding horses. Saul Alvarez began boxing at age 13, following in the footsteps of his older brothers. His amateur record was immediately impressive, and he won the silver medal at the Mexican Junior Championships before winning gold the following year at the age of 15.
Canelo Alvarez’s career
Shortly after winning the gold, Alvarez turned professional. Although amateur boxers don’t usually debut at 15, Alvarez made the leap simply because no one else wanted to fight him. Although he fought boxers much older than him, he knocked out most of his opponents. In 2006, he won the welterweight title.
Canelo then moved up to light middleweight and won the WBC silver title in 2010. That year he also became the first boxer to knock out Carlos Baldomir. Alvarez continued to successfully defend his title time and time again, finally defeating Austin Trout in 2013. Later that year, Canelo suffered a big loss to Floyd Mayweather.
Saul Alvarez then went on to win many more fights, starting with a win over Alfredo Angulo in 2014. Another major win came in 2015 when he defeated Miguel Cotto in 2015. With this victory, Canelo had secured the WBC, Ring and lineal middleweight titles. He defended these titles with an impressive knockout against Amir Khan.
In 2016, Alvarez moved down in weight to challenge Liam Smith, who held the WBO light-middleweight world title. He snatched the title from Smith with a devastating body punch. After a long period of negotiations, Canelo fought Julio Cesar Chavez Junior, winning in a unanimous decision. This set up the fight everyone had been waiting for: Alvarez vs. Golovkin.
Negotiations for the Golovkin fight had been going on for years before the official announcement. In September 2017, the two fighters were declared a draw with a split decision. A rematch was inevitable, and was scheduled for May 2018. However, Alvarez tested positive for an illegal substance and was suspended for six months. In a strange twist, Golovkin was also stripped of his title.
However, the rematch remained a priority for both fighters and, after a long period of negotiations, it was finally scheduled for 2018. Canelo won the fight in another controversial decision, with many media outlets and fans scoring in Golovkin’s favor.
After earning a win at super middleweight, Alvarez returned to middleweight to defeat Daniel Jacobs. He then moved up two weight classes to beat Sergey Kovalev at light heavyweight in 2019.
Saul ‘Canelo’ Alvarez’s main purse history
Sugar Shane Mosely: 1.2 million dollars
Josesito Lopez: $2 million
Floyd Mayweather: $12 million
Miguel Cotto: $5 million
Amir Khan: $25 million
Gennady Golovkin I: 40 million dollars
Gennady Golovkin II: 30 million dollars
Total: $115 million
How much money does Canelo Alvarez have?
Celebrity Net Worth estimates Canelo Alvarez’s net worth to be around $180 million. However, The Talking Moose believes that figure was true until last year, and that his actual earnings have since increased to over $300 million, although this is not verified information.