Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. "We have approved this as a full pro bout," the commission said. The cost includes unlimited replays for all fights in the event until Dec. 11, so . So why did the 58-year-old retired boxer take on the fight on short notice knowing there was a good chance he would embarrass himself? In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. His liabilities from his period bloomed into various directions as his creditors came knocking. How did Evander Holyfield lose his house . It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. However, it's not a foregone conclusion this will be an official bout. Holyfield vs. Belfort PPV Price: How Much Does The Fight Cost? So what does Holyfield say to those who say he shouldn't be fighting at 58? BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. On its 235-acre grounds is a handball court, a softball field, a tennis court, a seven-stall barn, and a 350,000-gallon pool billed as one of the largest in the nation. And he seems happy again. The Reason Evander Holyfield Lost His Money. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. 58-year-old man dies at start of mountain bike race, Teen boys charged with murder over killing of driver in Auckland, What the alcohol industry doesn't want you to know, The Jugglenaut: How childcare became a for-profit game, Christopher Luxon promises childcare rebates for any family earning less than $180,000, Homeowner says banks offering 4.99% under the table is a 'market failure', Person who died after incident in Auckland's Beach Haven named, Guyon Espiner's last drink: 'Probably wine, but I was too drunk to remember', Disappointment and tequila: How sporting power couple Dion Nash and Bernice Mene met, Wallabies star's NZ$1.6m World Cup gamble after bar brawl shuts down Japanese club. In comparison, it would cost Holyfield approximately $1 million per year to maintain its natural gasification system, with an electricity bill of around $16,000 per month. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. I do what I have to do.". Peek inside this epic slice of superstar real estate. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Given the FAC's decision, Holyfield has completed this evaluation. Surely it wasn't, but it may have been a bit easier had the former champion not blown all his cash on mansions, cars, and gambling. The monthly electricity bill for the mansion is estimated at $17,000, while the cost of year-round upkeep is said to be in the neighborhood of $1 million. In the first round, Tyson defeated him.

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