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Before Tiger Woods Turned Down $1 Billion Offer, Canelo Alvarez Rejected a Paycheck That’d Have Almost Doubled His Net Worth in Early 2022

Published 08/02/2022, 4:30 PM EDT

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Sport is a profession that can earn you a fortune if you are good at what you do. Several athletes around the world have become millionaires and billionaires owing to their successful careers. Mexican boxing sensation, Canelo Alvarez, is one of them. 

 

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Interestingly, golfing legend Tiger Woods turned down a hefty deal that was worth around $1 billion. Greg Norman has got Lee Westwood, Phil Mickelson, and Dustin Johnson for the breakaway tour. Norman even tried to get Woods, but the 46-year-old declined the $1 billion offer.

Greg Norman revealed, “Woods turned down a deal that was mind-blowingly enormous; we’re talking about high nine digits.” However, Mexican superstar Canelo Alvarez rejected a hefty pay-day even before the golfing legend. 

 

Boxing fans witnessed one of the biggest upsets of this generation, as the Russian boxer, Dmitry Bivol, had outclassed Canelo Alvarez on May 7. Fans were already considering Alvarez as the winner owing to his long-running winning streak. However, the Russian quickly made headlines as he defeated the Mexican favorite. 

Apparently, Alvarez was rumored to face Gennady Golovkin for a trilogy fight after facing Bivol. Fascinating enough, he had a $100 million offer for his third fight of the year. According to reports, Alvarez, who has a net worth of $180 million, had a $55 million contract to fight Errol Spence Jr. after accepting a $45 million fight against Jermall Charlo at 168 pounds. The superstar, however, turned down the enormous $100 million offer.

Well, both Alvarez and Woods are renowned names in their own fields. They can certainly get more deals like this in the future. Currently, the Mexican boxer is preparing for his fight with Gennady Golovkin on September 17. 

The fierce rivalry between Canelo Alvarez and Gennady Golovkin 

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Alvarez and Golovkin are among the biggest names in the current boxing scene. Both of them have illustrious careers owing to their world-class boxing prowess. Interestingly, the two surprised the world as they first squared off inside the ring in 2017. It was a brutal battle that eventually resulted in a controversial draw. 

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The first had made it clear that there needs to be a sequel. On September 15 of the following year, the two fought again. The T-Mobile Arena in Las Vegas was set on fire as the titans boxed inside the ring. After an outstanding 12-round battle, the Mexican was declared the winner via decision. 

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WATCH THIS STORY: Canelo Alvarez’s Greatest Investments

Now the two look all set to settle scores in their forthcoming bout. The anticipation is much more than in the previous two fights. Only time will tell who turns out as the winner to conclude one of the greatest rivalries in boxing.  

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Written by:

Shashank Wankhede

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Shashank Wankhede is a Boxing writer at EssentiallySports. When it comes to boxing, the blockbuster film 'Rocky' sparked his interest in the sport. He holds Muhammad Ali in great regard and is a sincere admirer of his narrative, struggle, and accomplishments.
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Edited by:

Vibhanshu Kumar