Saul 'Canelo' Alvarez, the Mexican boxing superstar, recently opened up about his wealth and plans for his children's future. The super middleweight world champion surprised many with his candid revelations during an interview with Miguel Gurwitz.
Canelo, who's got a net worth of $300 million, made it clear that his kids won't automatically inherit his fortune. He told Gurwitz that his children were left speechless when they learned about this reality.
"They don't have an easy life guaranteed. They don't ask me for money, but if they asked me: 'Is it my money?', I would say no, it's not yours. You don't lack anything, you have the opportunity to do whatever you want, but the money is mine, only mine. I give you the basis to earn your own money."
The boxer's stance goes against the common assumption that his wealth would set up his next 10 generations for a comfortable life. Instead, Canelo wants to provide opportunities for his children - Emily Cinnamon, Mia Ener, Maria Fernanda, and Saul Adiel - to make their own way in the world.
Canelo's financial future looks even brighter with a recent $400 million deal he signed with Turki Alalshikh, chairman of Saudi Arabia's General Entertainment Authority. This five-fight agreement could push his career earnings to a whopping $1.1 billion upon completion.
The champ's next big challenge in the ring comes on September 13 when he's set to face Terence Crawford for the undisputed super middleweight championship. It's a fight that'll add to his already impressive bank balance, but it seems Canelo's children will have to find their own path to financial success.
