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The Unusual Payment Canelo Álvarez Got in his First Professional Fight

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In this photo taken on Tuesday, Sept. 14, 2010, Oscar De La Hoya, President of Golden Boy Promotions, left, presents Mexican welterweight boxer Saul "Canelo" Alvarez, 20, at a public workout in Los Angeles. Alvarez doesn't look the part of a Mexican brawler until he gets in the ring, where the 20-year-old welterweight is building his burgeoning celebrity with dynamic performances. (AP Photo/Damian Dovarganes)

Ahead of his highly anticipated fight on May 7 against Dmitry Bivol in the light heavyweight division, Saúl Canelo Álvarez shocked his millions of fans by talking openly about the money he received for his first fight in professional boxing.

“I earned 800 Mexican pesos for that fight. I had to pay half of that in tickets, because my family is very big, and they wanted to see me fight,” revealed the Guadalajara-born fighter during an interview with DAZN, while recalling his debut in 2005.

Canelo added: “I only got paid half the money for my first fight. I love boxing, and I’ve never done it for money before.”

In that fight, Álvarez won by way of a technical knockout against an opponent named Abraham González, in an event held in Jalisco, Mexico.

The figure revealed by the Mexican is in stark contrast to the average of more than $50 million dollars he currently earns per fight, as he is considered the best boxer pound for pound.

Canelo Álvarez’s Record in Professional Boxing

Canelo Alvarez is the biggest star in Latin boxing today
FILE – In this May 8, 2021, file photo, Canelo Alvarez, left, hits Billy Joe Saunders during a boxing match in Arlington, Texas. Alvarez has agreed to face unbeaten Caleb Plant on Nov. 9 in Las Vegas in a bid to become the undisputed super middleweight world champion. (AP Photo/Jeffrey McWhorter, File)

After a 17-year career in professional sports, the 31-year-old Mexican star has a record of 57 wins (38 knockouts), 2 draws and 1 loss.

The Mexican’s only loss came in 2013, to then undefeated champion Floyd Mayweather Jr. in a million-dollar fight held in Las Vegas.

What Is Canelo Álvarez’s Net Worth?

Thanks to starring in several of boxing’s biggest events over the past decade, Álvarez has managed to build an enviable fortune.

According to celebritynetworth.com, the Mexican has a net worth of $140 million, a figure that will surely continue to increase in the coming years, especially if Canelo achieves his goal of being the best in the world at 175 pounds (79.38 kg).

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