He then fought Pernell Whitaker after moving to the Welterweight division. He founded Golden Boy Promotions in 2000 and up until now runs the company as the Chairman and CEO. This year De la Hoya will promote eight televised events for Telefutura, Univision's high-flying Spanish-language sister network, supplying his own fighters, booking their opponents and renting the venue. Unfortunately, things didn't turn out smoothly between the two, and their relationship ended in 2000. His 67th-floor office in downtown Los Angeles is just 10 miles from the East Los Angeles neighborhood where he first strapped on boxing gloves, at age 6, to spar with his older brother. Closed-circuit fees, foreign pay-per-view and ringside advertising will add another $14 million, Schaefer estimates. De La Hoya dominated six different weight classes and took home a gold medal at the 1992 Barcelona Olympics. "We guide their careers, decide who they're going to fight, what they're going to get paid," De la Hoya says. However, the momentous victory was swiftly clouded with the news that his mother Cecilia was diagnosed with breast cancer and only had a few months to live. It made him an instant sensation as he was regarded as the youngest American boxer at the Goodwill Games to win a gold medal. "I am proud to fight for a legend like Oscar," says Ponce. He predicts that he will net $56.5 million pretax this year on $120 million from ticket and television revenues. Recognizing that 41% of all televised boxing is on Spanish-language networks, he favors Hispanic nonheavyweights like himself. It even made it to the No. That doesn't include the per-episode ticket sales of $120,000 or so and ads on the ring's canvas and posts, around $30,000. In June Golden Boy will send its biggest moneymaker into the ring. Oscar De La Hoya, also known as The Golden Boy, is an American professional boxer, businessperson and author who has an estimated net worth of $220 million. He is considered… Golden Boy Promotions, Inc. is an American boxing and mixed martial arts promotion firm based in Los Angeles, California. The first people that come to mind when we talk of boxing are Mike Tyson, Muhammad Ali, Joe Frazier, Manny Pacquiao, and Sugar Ray Robinson. He also owns a condominium in Pasadena, California that’s reported to be worth $2.65 million. (Ponce floored Figueroa in the sixth round with a series of devastating left hooks, extending his undefeated streak to 17 wins.) "De la Hoya-Hopkins will be one of the biggest fights ever," says Ross Greenburg, head of HBO Sports. The MGM Grand will pay the Golden Boy-Top Rank alliance about $20 million in site fees. Golden Boy Evan Hessel, 04.26.04 ... Two years ago he bought out a small promoter of fights and renamed it Golden Boy Promotions. It’s filled with luxurious amenities like a swimming pool, sauna, and Jacuzzi, all while facing a picturesque view of the California skyline. De la Hoya's dad signed the Mexican-born Ponce after watching him knock out 13 opponents in California and Mexico. Once established as rising contenders, they're primed for national television. This wasn’t the end of Oscar’s romantic life though, as he soon after dated Millie Corretjer, a famous Puerto Rican singer he married on Oct. 5, 2001. Promoters generally net between 15% and 20% of a pay-per-view fight's revenues, but De la Hoya will earn a bigger cut, thanks to his dual role as fighter and promoter. After 4 years in business school & working for multinational clients, he believes his writings can make the world a better place. Having won 10 world titles in six different weight categories proves that he’s a rare breed and worthy to be considered as one of the greatest boxers of all-time. 1 spot on Latin charts. He came from a family of boxers as his grandfather Vicente, father Joel Sr., and brother Joel Jr. were all in the sport.Oscar studied at James A. Garfield High School and was brought up by a strictly religious Orthodox Christian family, making it one of his guiding principles in life. All that helps with De la Hoya's budget. He got his first loss from Felix Trinidad and another two more losses from Shane Mosley. The Golden Boy has numerous million-dollar mansions in the U.S., one of the biggest is found in Bel-Air, Los Angeles. Well, that’s the reality as his net worth is currently estimated to be around $200 million, making him one of the highest paid boxers of all-time. In 2000, Oscar released another album titled "Oscar De La Hoya." However, the team hasn’t seen much success since De La Hoya joined the franchise. Haymon offered to purchase Golden Boy Promotions for $100 million in 2013, according to a Motion in Limine filed by the Haymon Defendants. His transition turned out perfectly as he defeated the American, thereby crowning himself as one of the best boxers in the world. If De la Hoya and Hopkins, both heavily favored, win their respective bouts, they will fight in September for the middleweight crown and a combined $30 million purse. One of Oscar’s first greatest achievements was when he won the National Golden Gloves title in the bantamweight class. © 2020 GOLDEN BOY PROMOTIONS, INC. ALL RIGHTS RESERVED. One conspicuous outsider is Chief Executive Richard Schaefer, a former managing director of UBS North America. Since then, De La Hoya’s efficiency at the ring started to fade, losing one match after another. It was backed by EMI International and was written by the Bee Gees and Diane Warren. The Grammys also nominated his single entitled “Ven a Mi." Based on those projections, Schaefer expects De la Hoya will rake in $55 million from the two fights. "This is exactly what boxing needs.". Average boxing viewership at ESPN2, the only English-language basic cable network with weekly boxing programming, fell 6.6% last year to 297,000 households, reports Nielsen Media Research. Golden Boy will promote the fights with Las Vegas-based Top Rank Promotions, headed by De la Hoya's longtime promoter Bob Arum. The most-watched title fights, all on pay-per-view, attract only 1.3 million enthusiasts--minuscule, compared with the 14.6 million U.S. households that watched Muhammad Ali outlast Joe Frazier on ABC in 1975. Just as important, the series introduces little-known prospects like 23-year-old super-bantamweight Daniel Ponce de Leon to the network's 12.2 million subscribing households. 0 968 . In fact, his first album titled "Oscar" was released in 2000. "I bring a lot a more power to the table," he says. When we are in love with something, life without it becomes difficult. Several pros and a manager admitted to the FBI that they conspired to throw fights against a heavyweight contender. (De La Hoya's other fighters generate a fraction of that.). He then won his first-ever world boxing title at just 20-years-old. One good example of how much money he made was when he got $40 million after just fighting for 36 minutes inside the boxing ring. He came from a family of boxers as his grandfather Vicente, father Joel Sr., and brother Joel Jr. were all in the sport. Golden Boy Promotions. Due to his passion for boxing, Oscar founded a company and named it Golden Boy Promotions. He retired at the age of 45 after 16 fruitful years of his career, making him one of the highest grossing boxers in the history of the sport. This was during a fight against Jimmy Bredahl where he claimed the WBO Super Featherweight belt. However, De La Hoya wasn’t just a boxer, because much to everyone’s surprise, he’s also a professional singer! Oscar De La Hoya was born on Feb. 4, 1973, to Joel and Cecilia De La Hoya in East Los Angeles, California. That was when he was nicknamed as The Golden Boy after it was publicized that his mother’s dying wish turned to reality. The first publicized relationship of De La Hoya was with Shanna Moakler, a Miss USA 1995 title holder, whom he got engaged with before the birth of their daughter, Atiana De La Hoya. Commanding $20 million per fight, the seven-time world champ has hauled in at least $150 million since 1993, the year after he turned pro. Television appearances. But with three or four big fights left in him, De la Hoya, 31, needs to plan his retirement. The Golden Boy defeated 17 world champions throughout his 16-year career, making him also the top earners in the sport. Oscar De La Hoya Net Worth. Get the latest top sport news and stories delivered to your inbox. Oscar De La Hoya was born on Feb. 4, 1973, to Joel and Cecilia De La Hoya in East Los Angeles, California. Oscar holds an amateur career record of 234 wins, with 163 of it being knockouts, and six losses. Golden Boy Promotions. Oscar studied at James A. Garfield High School and was brought up by a strictly religious Orthodox Christian family, making it one of his guiding principles in life. His ventures in the music industry and property dealings also contribute a huge portion to his total value. Two years ago he bought out a small promoter of fights and renamed it Golden Boy Promotions. "Boxing right now is a disgrace," he says. Fans have registered their disgust. "We are providing fights that are competitive and entertaining," says De la Hoya, who, despite a few rough bouts, has kept his fashion-model looks. Beating Sturm would give De la Hoya titles in six different weight classes, a world record. Reports said that the property is worth $18.5 million. Unranked prospects appear in off-TV bouts in small arenas, hotels and casinos; for the bimonthly Battle in the Ballroom series at the Irvine Marriott hotel Golden Boy nets only about $10,000 per fight--on 1,400 tickets at $30 a pop--after paying the fighters; without these fights the young boxers would wait months for bouts. Embed from Getty Imageswindow.gie=window.gie||function(c){(gie.q=gie.q||[]).push(c)};gie(function(){gie.widgets.load({id:'x_4I7GqlSmdrhQzG7NMKkw',sig:'0BnJlCL12VnL1sNASrCaMYHKEtmi2yeNnrZX8md99bE=',w:'594px',h:'431px',items:'498137774',caption: false ,tld:'com',is360: false })}); With all the achievements he made, it isn’t hard to say that Oscar De La Hoya is indeed one rich man. You may opt-out by, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Most of his net worth comes from his boxing career and promotion.
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