Saul 'Canelo' Alvarez has become the highest-earning Mexican athlete in the world. Forbes ranks him as the 14th highest-earning athlete globally, with his income coming from both boxing purses and various business ventures.
Canelo's net worth stands at an impressive $275 million. He's set to earn another $80 million from his upcoming fight against William Scull. On top of that, the Mexican superstar has been offered a lucrative deal by Saudi Minister Turki Al-Alshikh - a whopping $400 million for five fights.
The boxer's business portfolio is as diverse as it's impressive. He's got his fingers in many pies, from tacos to gas. Canelo's taco restaurant chain, Pastor del Rica, has locations in Guadalajara and the US. He's also ventured into the energy sector with Canelo Energy, a chain of gas stations.
But that's not all. Canelo's business empire includes Upper, a chain of convenience stores, and VMC, an alcoholic beverage company. He's also dipped his toes into the health and wellness industry with Yaoca, a nutritional supplements brand.
For fans wanting to dress like the champ, there's the Canelo Store, his own clothing line. And for those looking to train like him, there's I Can, a sports app developed by the boxer.
Canelo's annual earnings are nothing to scoff at. He pulls in about $10 million from endorsements alone. His average fight purse? A cool $80 million.
This isn't Canelo's first rodeo with big money contracts. In 2018, he signed a five-year, $365 million deal with DAZN, averaging $33 million per fight. However, this deal was rescinded in 2020.
Since his professional debut in 2005, Canelo has earned over $600 million from his fights alone. That's an average of $75 million per year just from stepping into the ring.
Canelo Alvarez has proven he's not just a champion in the ring, but also in the business world. His diverse portfolio and smart investments have set him up for financial success long after he hangs up his gloves.
