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Introduction
Michael Moorer, born on November 12, 1967, is a former American professional boxer who competed from 1988 to 2008. He is known for being a two-time world heavyweight champion and for his impressive record of 52 wins, 4 losses, and 1 draw. Moorer’s success in the ring has earned him a significant amount of wealth, and in this article, we will take a closer look at his net worth in 2023.
Early Life and Career
Michael Moorer was born in Brooklyn, New York, and grew up in Monessen, Pennsylvania. He began boxing at the age of 10 and had his first amateur fight at 16. Moorer turned professional in 1988 and won his first 22 fights, including a victory over Bert Cooper in 1990 to win the vacant WBO heavyweight title.
In 1994, Moorer made history by becoming the first southpaw to win the world heavyweight title when he defeated Evander Holyfield in a split decision. He lost the title in his next fight to George Foreman but regained it in 1996 by defeating Axel Schulz.
Boxing Career Earnings
During his boxing career, Michael Moorer earned a substantial amount of money from his fights. According to reports, Moorer earned $15 million for his two fights against George Foreman, $12 million for his fight against Evander Holyfield, and $10 million for his fight against Andrew Golota.
Aside from his boxing earnings, Moorer also had endorsement deals with companies such as Nike and Everlast, which further boosted his net worth.
Post-Boxing Career
After retiring from boxing in 2008, Michael Moorer has stayed involved in the sport as a trainer and commentator. He has also made appearances in films and on television shows, including the reality show “The Contender” and the film “Rocky Balboa.”
Moorer’s post-boxing career has not contributed significantly to his net worth compared to his earnings during his fighting days. However, he has managed to maintain his wealth through smart investments and financial planning.
Michael Moorer’s Net Worth in 2023
As of 2023, Michael Moorer’s net worth is estimated to be around $30 million. This figure is based on his boxing career earnings, endorsement deals, and investments.
Despite retiring from boxing over a decade ago, Moorer’s net worth has remained stable due to his wise investments and financial planning.
Conclusion
Michael Moorer’s success in the boxing ring has earned him a significant amount of wealth. His net worth in 2023 is estimated to be around $30 million, which is a testament to his impressive career and financial planning skills.
Although Moorer’s post-boxing career has not contributed significantly to his wealth, he has managed to maintain his fortune through smart investments and wise financial decisions.
Overall, Michael Moorer’s net worth is a reflection of his accomplishments as a boxer and his financial acumen, making him one of the wealthiest former boxers of all time.
