Canelo Alvarez Knocks ‘Billionaire’ Floyd Mayweather and Conor McGregor Off With Huge $90 Million Lead in Forbes’ Top 10 Highest Paid Athletes 2022 List

Published 05/12/2022, 8:45 AM EDT

The four-weight division champ Canelo Alvarez has successfully entered Forbes’s top-ten highest-paid athlete list. Despite his loss against Dmitry Bivol, the Mexican star left behind the wealthiest boxer of all times, Floyd Mayweather.

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Nov 6, 2021; Las Vegas, Nevada, USA; Canelo Alvarez celebrates after knocking out Caleb Plant (not pictured) during their undisputed super middleweight world championship boxing match at MGM Grand Garden Arena. Mandatory Credit: Joe Camporeale-USA TODAY Sports

According to Forbes, the pound-for-pound king made a massive payday in a row to crown the undisputed super-middleweight title. The 31-year-old is certainly boxing’s biggest draw. His fights made record pay-per-view sales the previous year. This improved his position as the highest-paid athlete.

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The previous year, Forbes had ranked him 48, and in the current list, Alvarez holds 8th position. Per reports, Canelo made $85million through his contribution to the ring and $5 million through off-field income.

This is the first time when Canelo joined the top-ten highest-paid club. With this, he has also surpassed the top-notch names of combat sport: Floyd Mayweather, social media star Jake Paul and UFC star Conor McGregor.

What is the net worth of Canelo Alvarez in the year 2022?

Canelo Alvarez is undoubtedly the highest-paid boxer of this generation. According to Celebrity Net Worth, the estimated net worth of a 31-year-old is $140million. The major source of his wealth is boxing. Along with that, his endorsement deals with Under Armour and other sports brands also contribute a lot.

SAN DIEGO, CA – MARCH 02: Boxer Canelo Alvarez looks on during the press conference announcing the May 7th Canelo Alvarez v Dmitry Bivol fight at the Sheraton Hotel on March 2, 2022 in San Diego, California. (Photo by Matt Thomas/Getty Images) ***Local Caption***

He also has a lucrative partnership with Hennessy and owns a taco restaurant in his native Mexico. Alvarez said last year that he would launch a chain of gas stations, and his Canelo Promotions is putting together a series of fights in Mexico in partnership with Matchroom Boxing and DAZN.

The biggest paydays of Alvarez

The classical power puncher has clinched some lucrative paydays throughout his career. The first big purse of Alvarez was against Floyd Mayweather in the year 2013. He made $12million through that fight.

It was the beginning of Canelo’s era. Since then, he had earned a few bumper paydays. In his clash with former IBF super-middleweight Caleb Plant, Canelo made around $45million.

He also faced Billy Joe Saunders, Avni Yildirim, and Callum Smith made a combined sum of $70million.

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Certainly, these big purses are the reason for Canelo’s name on Forbes’s top-ten list.

WATCH THIS STORY: The $444,444 Magic Number That Puts Canelo Alvarez Greatly Above Cristiano Ronaldo, LeBron James & Lewis Hamilton Combined

What do you think of Alvarez’s name on the Forbes list? Let us know in the comments below.

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Abhishek Singh

443 articles

Abhishek Singh is a Boxing writer at EssentiallySports. Following the completion of his training as an amateur boxer, he is currently preparing to appear for trials at the state and national levels. With over 3 years of experience in playing the sport, Abhishek is also the holder of a Bachelor's in Arts degree from the University of Delhi.

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