Muhammad Ali Jr.'s Net Worth, Biography, Earnings & more – Muhammad Ali Jr. was a retired American boxer who died with a net worth of $50 million. Muhammad was one of the world's highest-paid athletes during his time. He passed away on June 4, 2016, at the age of 74.
Who is Muhammad Ali Jr.?
Muhammad Ali Jr. was born on January 17, 1942, in Louisville, Kentucky as Cassius Marcellus Clay, Jr. He was the sixth of six children and was named after his father, Cassius Marcellus Clay Sr. His father painted billboard signs, while his mother, Odessa O'Grady Clay, raised Cassius and his younger brother at home.
He attended Louisville's Central High School and suffered from a learning disability throughout his education. Cassius saw several acts of racial injustice and prejudice growing up in a segregated society, such as being denied a drink of water at a store. He was deeply impacted by the 1955 murder of Emmett Till, which prompted him and a companion to vandalize a local railyard in protest.
How much does Muhammad Ali Jr. make per year?
Ali was not the first boxer to earn a million dollars for a fight; Gene Tunney did it in 1927 for his rematch against Jack Dempsey. However, Ali was paid $2.5 million to fight Joe Frazier in 1971. That equates to $15 million now. In 1974, he earned $5.45 million by fighting George Foreman. That equates to $26 million now. Ali's largest payday occurred in 1980 when he earned $7.9 million for defeating Larry Holmes. Interestingly, when adjusted for inflation, $7.9 million in 1980 equals $22 million now, making Ali's $5.45 million cheque in 1974 the largest paycheck of his career.
What investments does Muhammad Ali Jr. have?
Aside from his boxing career, not much is known regarding his investments.
How many Endorsement deals does Muhammad Ali Jr. have?
The late boxer had lucrative endorsement deals with a couple of brands and companies such as Chevrolet, Under Armour, Pizza Hut, Adidas, Wheaties, Coke, Gatorade, Toyota, and many more.
Indeed, the former boxer has gained a lot from these endorsement deals.
How many Philanthropy works has Muhammad Ali Jr. supported?
The late boxer was very passionate about giving back to the community, inspiring and reaching out to the less privileged.
Many others were inspired by his boxing career success to pursue their ambitions of greatness. Second, Muhammad Ali and Peter Arnell established the G.O.A.T. (Greatest of All Time) organization. G.O.A.T. is a food and beverage brand that aims to motivate young individuals to eat smarter, live healthier lives, and climb above their current circumstances.
Muhammad Ali has raised over $50 million for organizations all over the world. Finally, despite his retirement from the sport in 1981, Ali demonstrated his devotion to it by inspiring the Muhammad Ali Boxing Reform Act. This act encourages boxing fairness.
How many businesses does Muhammad Ali Jr. own?
Muhammad Ali was a professional boxer and activist from the United States. He is known as “the Greatest” and is widely recognized as one of the most significant sports figures of the twentieth century, as well as the greatest heavyweight boxer of all time.
From 1964 to 1970, he held the Ring magazine heavyweight title. From 1974 to 1978, he was the undisputed champion, and from 1978 to 1979, he was the WBA and Ring heavyweight champion. In 1999, Sports Illustrated named him Sportsman of the Century, and the BBC awarded him Sports Personality of the Century.
Aside from his boxing career, not much is known with regard to his businesses.