Muhammad Ali was a well-known retired American boxer. Nicknamed as “The Greatest” Muhammad Ali had a Net Worth of $50 million when it died. He was one of the world’s highest-paid athletes during his time. He passed away on June 4, 2016. Muhammad Ali’s age was 74 when he died.
Muhammad Ali Career Earnings
Muhammad Ali was among the very few boxers who were paid millions to fight. Ali was paid $2.5 million to fight Joe Frazier in 1971. That equates to $15 million now. In 1974, he earned $5.45 million by fighting George Foreman. That equates to $26 million now. Ali’s largest payment came in 1980, when he earned $7.9 million for defeating Larry Holmes. Interestingly, when we adjust the inflation cost, $7.9 million in 1980 is $22 million now, making Ali’s $5.45 million cheque in 1974 the largest paycheck of his career.
Muhammad Ali supposedly sold the rights to his name and image for $50 million in 2006. As part of the agreement, Ali retained a 20% stake in his licence. That 20% share has generated $7 million in income every year.
Muhammad Ali Early Life
Muhammad Ali was born on January 17, 1942 in Louisville, Kentucky as Cassius Marcellus Clay, Jr. Ali was the sixth of six children and was named after his father, Cassius Marcellus Clay Sr. His father was employed to make billboard signs, while his mother, Odessa O’Grady Clay, raised Cassius and his younger brother at home. He attended Louisville’s Central High School and suffered with a learning disability throughout his education. Cassius saw several instances of racial injustice and prejudice growing up in a segregated society, such as being denied a sip of water at a shop. He was deeply moved by the 1955 murder of Emmett Till, which prompted him and a companion to vandalise a local railyard in protest.
Muhammad Ali Net Worth: $80 million
Muhammad Ali Record: 56 wins and 5 losses
Muhammad Ali Spouse: Sonji Roi (m. 1964; div. 1966)
Belinda Boyd (m. 1967; div. 1977)
Veronica Porché Ali (m. 1977; div. 1986)
Yolanda Williams (m. 1986)
Muhammad Ali Children: Laila Ali, Muhammad ALi Jr., Rasheda ALi, Asaad Amin, Maryum Ali, Hana Ali, Khaliah Ali, Jamillah ALi, Miya Ali
Muhammad Ali Nicknames: The Greatest, The People’s Champion, The Louisville Lip
Muhammad Ali Early Career
At the age of 12, Muhammad Ali became interested in boxing after his bike was stolen and he fell into frenzy at the scene of the crime. Clay’s wrath was noticed by a police officer on the scene, who suggested him to channel it into boxing. Cassius teamed up with boxing instructor Fred Stoner to win several championships, including six Kentucky Golden Gloves, two National Golden Gloves and an Amateur Athletic Junior Title.
Muhammad Ali’s made his debut in 1954, defeating local fighter Ronnie O’Keefe. Chuck Bodak was his coach for the last four years of his amateur career. As an amateur, his greatest success was winning the light heavyweight gold medal in the 1960 Rome Olympics. He has a 100-5 win-loss record as an amateur.
Muhammad Ali Professional Boxing Career
Clay returned to Louisville after the Olympics, where he began his professional career. He made his winning debut on October 29th, 1960, and he went three years without losing. 15 of the 19 fights were decided by knockout. Clay’s unique boxing style spread magic in the world of boxing. Clay used his agility to evade blows and kept his hands low, unlike other boxers of his height and build who used their hands high to defend the face.
Clay soon established a name for himself in the industry. He was famed for correctly predicting the round his fellow fighter would go down. His assumptions were right on the mark seven times. He also started mocking his opponents prior to each match. Cassius quickly rose to the top of the contender list to face incumbent champion Sonny Liston. Even though Clay had an incredible record, he was still the underdog going into the battle. Clay eventually defeated Liston and, at the age of twenty-two, became the youngest competitor to ever dethrone a heavyweight champion.
When Cassius joined the Nation of Islam in 1964, he changed his name to Muhammad Ali. He declined to be recruited into the military in 1966, claiming religious convictions and opposition to the Vietnam War for the denial. Ali was apprehended and charged with draft evasion. He had his boxing championships removed from him, but he challenged the verdict to the Supreme Court.
Muhammad Ali had his boxing championships removed from him, but he challenged the verdict to the Supreme Court. In 1971, his sentence was reversed, but he had been out of the ring for four years and had lost his peak physical capability. Civil Rights advocates praised and backed Ali’s refusal to be conscripted, with Al Sharpton speaking out about Muhammad Ali’s bravery and energising force behind the fight. Ralph Abernathy, a civil rights pioneer, presented him with the Martin Luther King Award in 1970. In an address at the event, Coretta Scott King said Ali was a “champion of justice, peace, and harmony.”
Later that year, Ali took part in what was termed “the battle of the century” when he faced heavyweight champion Joe Frazier at Madison Square Garden on March 8th. The battle lived up to its reputation, with the two unbeaten boxers going 15 rounds back and forth. Frazier would win the fight in the end, handing Muhammad Ali his first professional defeat. Ali and Frazier were to go on battling each other twice more. Because Frazier had previously lost his championship to George Foreman, their next battle was not a title match.
Ali defeated Frazier this time, setting up a battle with Foreman. Because the match between Ali and Foreman took place in Kinshasa, Zaire, it was called “The Rumble in the Jungle.” In 1981, Ali entered the battle as the underdog and stunned the world by defeating Foreman to reclaim the heavyweight championship. In the ring, Ali was known for trash-talking, and his spoken-word poetry mirrored hip-hop and rap. Muhammad Ali was diagnosed with Parkinson’s Syndrome in 1984. Ali’s speech and motor abilities were snatched away by the condition. Despite this setback, he was never surrendered. He fought against the disease until he could. He was granted the privilege of igniting the Olympic torch in 1996. Ali is the only three-division heavyweight champion in history. He will almost certainly be remembered as one of the greatest heavyweight champions of all time.
Sadly, Muhammad Ali’s death embraced him on June 4, 2016. He died of septic shock at the age of 74 in Scottsdale, Arizona.