Thread: Holyfield has major money problems

Im not sure if anyone knew this but holys really hurting.
Heres the link to the article
Evander Holyfield is in Serious Financial Trouble - Boxing News

Holyfield, who is a multi-millionaire, isn't making any new money, so he has to stop living like a multi-millionaire and start living like a regular millionaire.


Bill Detlof wrote about this before. How the way Evander lives, he will never be able to sustain his wealth.

This would go a long way to explaining the comeback attempt

I know this sounds rude, but i can't feel sorry for anyone who's had that much money and blown it for whatever reason.

Originally Posted by Trainer Monkey

This would go a long way to explaining the comeback attempt

Excellent point...i never thought of that.

Originally Posted by Mar

I know this sounds rude, but i can't feel sorry for anyone who's had that much money and blown it for whatever reason.

Yea I completely agree. Especially when it's a fighter, who should realize the classic downfall of great fighters once they piss everything away and can't fight anymore.

he has 9 kids....dam, that means hes worse off then tyson who has seven i believe

meaning holy been playing the field when he was young

hes lucky tho, hes a millioniare but only has to pay 6 k for child support, ppl who are poorer then him have to pay ALOT more

Originally Posted by toogood4u

he has 9 kids....dam, that means hes worse off then tyson who has seven i believe

meaning holy been playing the field when he was young

hes lucky tho, hes a millioniare but only has to pay 6 k for child support, ppl who are poorer then him have to pay ALOT more

This report says he has eleven kids.

Evander Holyfield behind in child support | ajc.com

How do you blow nine figures?

I have no sympathy for him.

Originally Posted by Mar

I know this sounds rude, but i can't feel sorry for anyone who's had that much money and blown it for whatever reason.

I hate to say it, as I loved Holyfield, but i gotta agree. Hate to see it, but some of these guys should learn to tighten their belts a bit.

Originally Posted by toogood4u

he has 9 kids....dam, that means hes worse off then tyson who has seven i believe

meaning holy been playing the field when he was young

hes lucky tho, hes a millioniare but only has to pay 6 k for child support, ppl who are poorer then him have to pay ALOT more

He got a GOOD deal on child support...

over $100 million life time earnings and all he has to pay out is $3,000 a month to support one of his children and it's mother...$36000 a year...guy's with $100,000 incomes pay that much in child support.

Evander must've wasted all that money on lawyers so he wouldnt have to pay quality child support money.

For real, time to downgrade from living like a King to living like a millionaire..how hard is that?

Saw his house on a tv show it was massive, he should down size like anybody else . Damn shame, he was always tight with his money as well.

yea ur right......i forgot he actually has freakin 2 kids with his wife so i guess i didnt even read the whole article ....

did he like say that he was coming out of retirement not for the money but to make history

a lie? after one year

It seems very few people can live within their means. ANYONE that makes over $100k has no excuse for not having some sort of passive income, be it rental property, a small business or conservative invesments in bonds and CDs. I can't feel sorry for Holyfield, I appreciate what he's done in the ring, but he's been very irresponsible out of it, just having that many kids to begin with and then not having a financial plan is just ludicrous.

I heard or read once he lost 13 million dollars one night in a casino but won it all back the next night. Now if you use the casino regularly theres only one winner. The casino.

Agreed with the bulk of the replies, hard to sympathise with anyone thats made $100 million and is now in financial difficulty

Memphis 3:12