"Maybe. We're getting close."
Canelo's upcoming bout with Terence Crawford could give his bank account its biggest boost yet. The total purse is expected to hit around $200 million, with Canelo likely to pocket about $150 million of that.
Right now, most estimates put Canelo's net worth between $275 million and $300 million. He's reportedly earned over $600 million in his career so far. But that doesn't all end up in his pocket.
Taxes take a big chunk. So do expenses like training costs and promoter fees. The complicated contracts for fight purses mean boxers don't always get what's advertised.
Canelo's not just relying on boxing money, though. He's got his hands in several businesses. There's Canelo Energy, his gas station chain in western Mexico. He owns more than 20 Upper convenience stores too. Add in a clothing line, fitness app, tequila brand, and sports drink, and you've got a diverse portfolio.
Don't forget about those endorsement deals either. Canelo's face is attached to some big-name brands.
Getting to billionaire status isn't easy, even with all that. It takes consistent earnings and smart investments. Boxing's lack of financial transparency doesn't help either.
But if the Crawford fight pays off and his businesses keep growing, Canelo might just pull it off. It's a long shot, but not impossible.
The real challenge? Keeping that billionaire status once he gets there. Having a huge payday is one thing. Building a lasting billion-dollar brand and income stream is another game entirely.