What is Larry Holmes' Net Worth?
| net worth: | $18 million |
|---|---|
| age: | 74 |
| Date of Birth: | November 3, 1949 |
| gender: | male |
| high: | 1.91 m (6 ft 3 in) |
| country of origin: | USA |
| Source of wealth: | Professional boxer |
| Last updated: | September 13, 2024 |
introduce
Larry Holmes, also known as the “Easton Assassin”, is a retired professional boxer who has a net worth of $18 million.
From the 1970s to the late 1990s, he fought many of the top heavyweight boxers, such as Muhammad Ali and Joe Frazier, with whom he also sparred regularly.
Holmes is hailed as one of the greatest heavyweight boxers of all time. After retiring, he invested in several small companies, providing more than 200 jobs for local people.
Larry Holmes’ net worth is estimated to be $18 million.
Quick Facts
- Larry Holmes has been fighting on the orthodox side since the beginning of his career in 1978.
- In 1978, he defeated Norton at Caesars Palace in Las Vegas to win the WBC heavyweight championship belt.
- In October 1980, Larry defeated Ali, the only time in his career that he was defeated.
- Incredibly, within a single year in 1981, Holmes defeated Trevor Berbick, Leon Spinks, and Renaldo Snipes.
- In 1984, Larry Holmes successfully defended his IBF title by knocking out James “Bonecrusher” Smith in the twelfth round.
early life
Larry Holmes was born on November 3, 1949 in Easton, Pennsylvania, USA.
He was the fourth of 12 children born to John and Flossie Holmes. His father left home and went to Connecticut to support his family as a gardener, returning to visit them every three weeks.
To support his family, Larry dropped out of school in seventh grade, worked at a car wash for $1 an hour, and then drove a dump truck to make ends meet.
Surprisingly, Larry Holmes did not start boxing until he was 18 years old, and in the next 5 years he compiled an amateur record of 19 wins and 3 losses.
At 24, he turned professional, knocking out Rodell Dupree in four rounds and becoming a sparring partner for Muhammad Ali, Joe Frasier, Jimmy Young and Earnie Shavers.
After finding himself able to compete with the best in the heavyweight division, he realized he could compete with them.
He fought Earnie Shavers for the first time as a true contender in March 1978. After 12 rounds, Larry won by unanimous decision.
The win set him up for a WBC heavyweight bout against champion Ken Norton in Las Vegas on June 9. The fight lasted 14 rounds, with both sides tied in each round, but Holmes came back in the final round to win.
Profession
Larry Holmes was the WBC Heavyweight Champion from 1978 to 1983, the Ring Heavyweight Champion from 1980 to 1985, and the IBF Heavyweight Champion from 1983 to 1985.
With 20 successful title defenses, he surpassed Joe Louis, who had 25 wins, becoming the second most successful athlete in the sport.
Holmes retired in 1986 after losing a rematch with Michael Spinks, but he has since made several comebacks.
He fought his last match in 2002, when his boxing record was 69 wins and 6 losses, with 44 of his wins coming by knockout.
Larry Holmes would receive nearly $8 million to fight Muhammad Ali in what was probably his greatest championship fight, and Holmes’ victory would be the only end of Ali’s career.
Even after his “retirement,” the big payouts continued. In 1988, Larry Holmes was persuaded by Don King to return to boxing, promising $2.8 million for a brutal championship fight with Mike Tyson.
In 1992, Holmes accepted a $7 million fight with Evander Holyfield and won.
The fight between Holmes and George Foreman, originally scheduled for January 23, 1998, was postponed.
However, a non-refundable 10% of each fighter's prize money went to them, with Holmes receiving a total of $400,000.
Income and salary
Larry Holmes had an extraordinary and sometimes surreal career, spending more than 30 years in the ring, fighting against the best boxers of his era.
Since Larry Holmes has been retired for several years and his business dealings are private, it is impossible to estimate his current annual income.
What we can tell you, however, is that he prudently invested his winnings in a variety of enterprises, providing employment opportunities for more than 200 people in his hometown.
Estimated annual net assets
Larry Holmes retired in 1998 and returned to live in Easton, where he has invested in several businesses.
Larry Holmes’ net worth is estimated to be around $18 million in 2022. However, this cannot be independently verified as his finances are private and available to the public.
What we do know is that he invested the proceeds from his 30-year career in high-value projects and real estate, which have increased in value over the years.
Personal life
Larry Holmes married Diane Robinson in 1979 and has two children. He also has three daughters from his first two marriages.
Larry's brother, Mark Holmes, was a middleweight boxer who competed from 1980 to 1987.
Harry owns a home on Sheridan Avenue near Easton in Palmer Township, Pennsylvania, where he and his wife live, which is worth more than $1.7 million.
You can follow Larry's official Instagram account to see what he's up to.
Awards and Achievements
Here are some of the most significant events in Larry Holmes' career:
- In 1998, Larry Holmes was knocked out by Mike Tyson, the only knockout of his career.
- Larry Holmes was inducted into the International Boxing Hall of Fame in 2008.
- There is a street named after him in Easton, Pennsylvania: Larry Holmes Drive.
- In December 1979, Holmes was awarded the Junior Chamber of Commerce's Ten Outstanding Young People Award.
- In 1983, the International Boxing Federation recognized Holmes as the world heavyweight champion.
How does Larry Holmes spend his money?
After officially retiring, Holmes returned to his hometown of Easton, where he built a comfortable home for himself and his family.
He used the money he made from his boxing career to invest in several different businesses.
His business interests include a $5 million office building, a $2 million restaurant, an $8 million hotel, a nightclub, casino machines and more.
He also hired more than 200 hometown employees, providing much-needed employment opportunities.
Additionally, he co-hosts the television talk show “What the Hell Were They Thinking?”
Summary
Larry Holmes is one of the greatest boxing champions of all time, having defeated legendary boxers such as Muhammad Ali, Marvis Frazier, Ernie Shavers and Mike Weaver.
He holds the record for the longest streak of heavyweight championships by an individual in modern boxing history, an impressive feat.
Larry Holmes is one of only five boxers to have defeated the greatest boxer the world has ever seen, Muhammad Ali.
Holmes will be remembered as one of the best fighters in boxing history, retiring in the early 21st century with 69 wins and six losses, and three decades on the ring.
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Categories: Net Worth
Source: svlsf.edu.vn