Canelo Alvarez Net Worth 2022: Income, Salary, Boxing Career, Age And More Details
Saul Alvarez, also known as “Canelo,” is a Mexican professional boxer in the Light Middleweight division. Alvarez is a four-division world champion who has been dubbed the sport’s best pound-for-pound boxer. Saul Alvarez has proven to be a formidable opponent for almost every fighter he has faced.
Canelo Alvarez’s Net Worth
With a $180 million fortune, Saul Alvarez, also known as “Canelo,” is a professional Mexican boxer competing in the Light Middleweight division. Alvarez, a four-division world champion, is regarded as the best boxer in the world pound-for-pound. Almost every fighter Saul Alvarez has ever fought has found him to be a dangerous foe.
Canelo Alvarez Biography
Santos Saul Alvarez Barragán, also known as Canelo Alvarez or Saul Alvarez, is a Mexican professional boxer. His American Spanish pronunciation is [saul alaes]. From light middleweight to light heavyweight, he has won multiple world titles in four different weight classes, including unified and lineal titles in three of those weight classes.
Alvarez is the first and only boxer in history to win the WBA (Super), WBC, and Ring magazine titles since 2020, as well as the IBF and WBO titles since 2021. He is the undisputed super middleweight champion.
Alvarez is renowned for being a skilled counterpuncher who can use head and body movements to evade punches while taking advantage of gaps in his opponents’ guards. He is also renowned for being a powerful body puncher. BoxRec and the Boxing Writers Association of America rank Saul Alvarez as the best active boxer in the world pound for pound as of May 2022. ESPN ranks him fourth, the TBRB is fifth, and The Ring is sixth. BoxRec, The Ring, TBRB, and ESPN all rank him as the top active super middleweight in the world.
Canelo Alvarez Early Life
Santos Saul Alvarez Barragán is Saul Alvarez’s full name, and he was born on July 18, 1990. Alvarez’s family moved to Juanacatlan when he was five years old, but he was actually born on the outskirts of Guadalajara.
The seven siblings who make up Alvarez’s family were all raised on the family farm. Alvarez is the youngest. All six of Saul’s brothers went on to fight professionally. Saul had a fondness for riding horses in his youth. Alvarez is renowned for having red hair, which is unusual for a Mexican man. Spanish for “cinnamon,” the nickname “Canelo” refers to Alvarez’s hair color.
When Saul Alvarez was 13 years old, he began boxing to follow in the footsteps of his older brothers. His amateur record was immediately impressive, and at the Mexican Junior Championship, he took home the silver medal before taking home the gold the following year at the age of 15.
Canelo Alvarez Career
Alvarez became a professional soon after winning the gold. Although amateur boxers rarely make their professional debuts at the age of 15, Alvarez did so for no other reason than the lack of competition. He faced boxers who were much older than him, but he knocked out the majority of them. He won the welterweight championship in 2006.
When Canelo switched to light middleweight, he won the WBC silver championship in 2010. He also became the first boxer to knock out Carlos Baldomir in that same year. Alvarez repeatedly maintained his title defense success before finally defeating Austin Trout in 2013. Canelo lost badly to Floyd Mayweather later that year.
Following that, Saul Alvarez continued to prevail, beginning with a victory over Alfredo Angulo in 2014. He defeated Miguel Cotto in 2015, which was another significant victory. Canelo had won the WBC, Ring, and lineal middleweight titles with this triumph. He successfully defended these titles by knocking out Amir Khan in style.
In order to fight Liam Smith for the WBO light-middleweight title in 2016, Alvarez dropped in weight. He delivered a devastating body punch to Smith, snatching the title from him. Canelo battled Julio Cesar Chavez Junior after protracted negotiations, triumphing via unanimous decision. This set up the matchup between Alvarez and Golovkin that fans have been anticipating.
Before the formal announcement, talks for the Golovkin fight have been ongoing for years. The two contestants were ruled a draw by a split judgment in September 2017. Unavoidably, a rematch was planned for May 2018. Alvarez, however, was suspended for six months after testing positive for a drug. Golovkin’s title was also taken away in an odd turn of events.
However, the rematch remained a top priority for both competitors, and it was eventually scheduled for 2018 after extensive negotiations. Another contentious decision gave Canelo the victory, with many media outlets and spectators siding with Golovkin.
Alvarez defeated Daniel Jacobs at middleweight after winning at super middleweight. To defeat Sergey Kovalev at light heavyweight in 2019, he then moved up two weight classes.
Canelo Alvarez Contracts
Canelo Alvarez and DAZN agreed to a five-year, 365 million-dollar contract for fights on October 17, 2018. Starting with his New York fight against Rocky Fielding on December 15, 2018, the agreement will cover 11 fights.
From June 2018 to June 2019, Canelo’s empire brought in $95 million. In the following 12 months he earned $40 million. Between June 2020 and June 2021, Canelo earned $90 million.
Canelo Alvarez Endorsements
According to Forbes, Canelo was the 48th highest-paid athlete in 2021. He reportedly made $2 million in endorsement fees.
Canelo has collaborated with companies like Tecate, a Mexican brewer, and Under Armour (since 2012).
Alvarez recently stated, “I work hard every day to improve, and Under Armour is the ideal partner to support me in doing so. I’m excited about the benefits that Under Armour products will offer and about working with the company to inspire athletes in Mexico and around the world to realize their full potential.
He also has done business with Hennessy and Everlast, the latter for his gloves. Over the past few years, Canelo has been known to wear custom Dolce & Gabbana outfits, including a bathrobe.