Saul 'Canelo' Alvarez has secured a big payday for his next fight. The Mexican boxing superstar will take on Cuban fighter William Scull in Saudi Arabia for a reported $80 million purse.
This hefty sum adds to Canelo's already impressive earnings. Forbes ranks him as the 14th highest-paid athlete in the world for 2024, with an annual income of $75 million. Since his pro debut in 2005, Canelo has raked in around $600 million from his boxing career.
Canelo's new deal doesn't stop at just one fight. He's inked a contract with Turki Al-Alshikh, representing the Kingdom of Saudi Arabia, for five fights worth a total of $400 million. This agreement trumps his previous contract with DAZN, which he ended early in 2020. That deal was set to pay him $365 million over five years, averaging $33 million per fight.
"This is the best purse of my career so far," Canelo said about his upcoming bout in Saudi Arabia.
The Mexican fighter's net worth now sits at an estimated $275 million, according to Forbes. This fortune comes from his boxing salary, fight purses, and a diverse business portfolio.
Canelo's rise to the top of the earnings list is no surprise. He's been a force in the ring since turning pro nearly two decades ago. His ability to draw massive audiences has made him one of boxing's biggest stars.
As Canelo prepares for his next challenge against Scull, fans can expect another showcase of the skills that have made him both a champion and one of the world's highest-paid athletes. The boxing world will be watching closely as this lucrative new chapter in Canelo's career unfolds in Saudi Arabia.
