What is Larry Holmes' net worth?
| net worth: | 18 million USD |
|---|---|
| year old: | 74 |
| Date of birth: | November 3, 1949 |
| sex: | men |
| 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 Killer,” is a retired professional boxer who has a net worth of $18 million.
From the 1970s to the late 1990s, he fought many top heavyweights, 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, creating more than 200 jobs for local people.
Larry Holmes's net worth is estimated to be $18 million.
Quick information
- Larry Holmes has fought on the mainstream side since he began his career in 1978.
- In 1978, he defeated Norton at Caesars Palace in Las Vegas to win the WBC heavyweight championship.
- In October 1980, Larry defeated Ali, the only time in his career he was defeated.
- Incredibly, in just one 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 help the family as a gardener, returning to visit them every three weeks.
To support his family, Larry dropped out of school in the 7th grade, worked at a car wash for $1/hour and then drove a dump truck to make a living.
Surprisingly, Larry Holmes did not start boxing until he was 18 years old, and over the next five years he established an amateur record of 19 wins and 3 losses.
At age 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 seeing that he could 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 real opponent in March 1978. After 12 rounds, Larry won by unanimous decision.
The victory earned him a shot at a WBC heavyweight bout with champion Ken Norton in Las Vegas on June 9. The fight lasted 14 rounds, with the two sides tied in each round, but Holmes returned in Last inning to win.
Job
Larry Holmes was WBC Heavyweight Champion from 1978 to 1983, Ring Heavyweight Champion from 1980 to 1985 and IBF Heavyweight Champion from 1983 to 1985.
With 20 successful title defenses, he surpassed Joe Louis, who had 25 wins, as the second most successful athlete in the sport.
Holmes retired in 1986 after losing a rematch with Michael Spinks, but he has since returned several times.
He fought his last fight in 2002, when his boxing record was 69 wins and 6 losses, of which 44 wins were by knockout.
Larry Holmes would receive nearly $8 million to fight Muhammad Ali in perhaps his greatest championship fight, and Holmes' victory would be the end of Ali's career.
Even after he “retired,” the large payments continued. In 1988, Larry Holmes was persuaded by Don King to return to boxing, promising $2.8 million for a brutal championship match 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, 10% of each fighter's non-refundable prize money went to them, with Holmes receiving a total of $400,000.
Income and salary
Larry Holmes had an extraordinary and at times surreal career, spending more than 30 years in the ring, fighting the best fighters of his time.
Because Larry Holmes has been retired for several years and his business dealings are private, it is not possible to estimate his current annual income.
However, what we can tell you is that he prudently invested his winnings in various businesses, providing employment opportunities to more than 200 people back home.
Estimated annual net worth
Larry Holmes retired in 1998 and returned to live in Easton, where he invested in several businesses.
Larry Holmes' net worth is estimated to be around $18 million as of 2022. However, this cannot be independently verified as his finances are private and public.
What we do know is that he invested the proceeds from his 30-year career in high-value projects and real estate that have increased in value over the years.
Personal life
Larry Holmes married Diane Robinson in 1979 and had two children. He also has three daughters from his first two marriages.
Larry's older 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, 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 important events in Larry Holmes' career:
- In 1998, Larry Holmes was defeated by Mike Tyson, the only knockout in 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 Chamber of Commerce's Ten Outstanding Young Men Award.
- In 1983, the International Boxing Federation recognized Holmes as 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 earned 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, slot machines and more.
He also hired more than 200 employees in his hometown, providing much-needed employment opportunities.
Additionally, he co-hosted the television talk show “What the Hell Were They Thinking?”
Summary
Larry Holmes is one of the greatest boxing champions of all time, defeating legendary boxers such as Muhammad Ali, Marvis Frazier, Ernie Shavers and Mike Weaver.
He holds the record for the longest heavyweight championship streak by an individual in modern boxing history, an impressive achievement.
Larry Holmes is one of only five boxers to have defeated the greatest fighter the world has ever seen, Muhammad Ali.
Holmes will be remembered as one of the best boxers in boxing history, retiring at the turn of the 21st century with 69 wins and six losses, and three decades in the ring.
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