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May 18, 2022 · Contested inheritance. Frank Tewkesbury/Getty Images. Ali suffered from Parkinson's disease, possibly provoked by decades of blows to the head. Various other illnesses followed, and in 2016 the great fighter succumbed to sepsis at his Arizona home, aged 74. Advertisement.
- Carlo Massimo
In 1978, Ali revealed that he was "broke" and several news outlets reported his net worth to be an estimated $3.5 million [272] (inflation-adjusted $16 million). The press attributed his decline in wealth to several factors, including taxes consuming at least half of his income, management taking a third of his income, [ 272 ] his lifestyle, and spending on family, charity and religious causes.
- What Was Muhammad Ali's Net Worth?
- Muhammad Ali Career Earnings
- Early Life
- Early Career
- Professional Boxing Career
- Personal Life
Muhammad Ali was a retired American boxer who had a net worth of $50 million at the time of his death. During his prime, Muhammad was one of the highest-paid athletes in the world. He died on June 4, 2016, at the age of 74.
Ali was not the first boxer to earn $1 million for a fight, that honor went to Gene Tunney in 1927 for his rematch against Jack Dempsey. But Ali did earn $2.5 million in 1971 to fight Joe Frazier. That's the same as $15 million today. He then earned $5.45 million fighting George Foreman in 1974. That's the same as $26 million today. Ali's biggest c...
Muhammad Ali was born Cassius Marcellus Clay, Jr. on January 17th, 1942, in Louisville, Kentucky. One of six children, he was named after his father, Cassius Marcellus Clay Sr. His father painted billboard signs, and his mother, Odessa O'Grady Clay, stayed at home to raise Cassius and his younger brother. He attended Central High School in Louisvil...
Ali became interested in boxing at the age of 12 after his bike was stolen, and he flew into a wild rage at the scene of the crime. The police officer on the scene saw Clay's anger and advised him to channel it into boxing. Cassius partnered with boxing coach Fred Stoner, and together they would go on to win many championships, including six Kentuc...
After the Olympics, Clay returned to Louisville, where he began his professional career. He made his winning debut on October 29th, 1960, and he stayed undefeated for three straight years, with 15 out of the 19 fights ending with knockouts. This was attributed to Clay's unusual boxing style. Boxers of his height and figure usually relied on keeping...
Ali was married four times. He first married cocktail waitress Sonji Roi in August 1964, and they were divorced in January 1966. Ali married Belinda Boyd in August 1967, and they had four children together. In 1974, at age 32, Ali was in an extramarital relationship with 16-year-old Wanda Bolton. The pair had two children together and were married ...
Jan 13, 2023 · After Ali’s death, his wife, Lonnie Ali, and his children inherited the bulk of his estate. However, the distribution of his assets was not without controversy. According to the reports, his children got $6 million each, and the rest went to his wife Lonnie Ali. In 2017, Muhammad Ali Jr. and Maryum Ali filed a lawsuit against Lonnie Ali.
Dec 24, 2019 · In 1984, a 42-year-old Muhammad Ali was diagnosed with Parkinson's disease, according to The Guardian. By then, he no longer floated like a butterfly. The sting you felt from seeing him didn't from a bee but from that sadness welling in your eyes as you watched the slow-motion twilight of a boxing idol. But the philosophical Ali saw it differently.
Jun 5, 2016 · Ali's name and likeness has been a well-protected asset over the last decade. His 20% stake brings in $5-7 million per year for the Champ and his family. When it was all said and done, at the time ...
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Sep 9, 2021 · Muhammad’s fight purse earnings were estimated to be about $60 million back in the day. He did have some financial struggles during the late 1970s. But in 2006, Muhammad sold the rights to his name and likeness for a substantial amount. At the time of his death, Muhammad’s net worth was estimated to be around $50 million.
