Canelo Alvarez continues to cement his place as boxing's biggest breadwinner, with an estimated total earning of $110 million in the period from May 2022 to May 2023.
According to Forbes, the Mexican fighter is now the world's fifth highest-paid athlete, overtaking his predecessor, Floyd Mayweather Jr., who is no longer professionally competing.
Canelo's status as the undisputed super-middleweight champion has contributed significantly to his earnings. His fights against Dmitry Bivol and Gennadiy Golovkin last year reportedly grossed $100 million, with an additional $10 million coming in from endorsement deals with brands such as 'I CAN' and 'Canelo Energy.'
However, Canelo's position as boxing's top earner could change following his upcoming fight against John Ryder on May 6th, 2023. A loss could damage his star power, and the rise of Gervonta Davis as the 'face of boxing' may also affect Canelo's earning potential in the future.
Regardless of the outcome of his upcoming fight, Canelo's ability to generate substantial earnings is a testament to his skill and popularity among boxing fans worldwide. The sport's top earners are typically those who can draw large audiences and generate significant pay-per-view revenue. Canelo's record of 59 wins, 1 loss, and 2 draws, combined with his impressive knockouts, have undoubtedly contributed to his status as one of boxing's most bankable stars.
The Mexican fighter's success highlights the significant earning potential of boxing's top athletes, with other sports such as soccer and basketball typically dominating the list of the world's highest-paid athletes. Cristiano Ronaldo, Lionel Messi, and Kylian Mbappe currently hold the top three positions, followed by LeBron James and Canelo Alvarez.
The top 10 highest-paid athletes included:
No. 1: Cristiano Ronaldo: $136 million
No. 2: Lionel Messi: $130 million
No. 3: Kylian Mbappe: $120 million
No. 4: LeBron James: $119.5 million
No. 5: Canelo Alvarez: $110 million
No. 6: Dustin Johnson $107 million
No. 7: Phil Mickelson: $106 million
No. 8: Stephen Curry: $100.4 million
No. 9: Roger Federer: $95.1 million
No. 10: Kevin Durant: $89.1 million
In conclusion, Canelo Alvarez's continued status as boxing's top earner is a testament to his talent, popularity, and ability to draw large audiences. However, as with any professional athlete, his earning potential is not guaranteed, and a loss or the emergence of a new star could affect his position in the future. Nonetheless, for now, Canelo remains one of boxing's biggest draws, and his earnings reflect that.