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How Did Evander Holyfield Spend $200 Million?

Posted by Fara Kearnes on June 5, 2008 5:49 PM |

evander holyfieldFormer heavyweight boxing champion Evander Holyfield is reportedly broke, having earned over $200 million in the ring and from endorsements - and nabbing another $10 grand from "Dancing With the Stars."

The news has come to light after a mother of of one of Holyfield's nine children filed a petition for contempt against him two missed child-support payments totaling $6,000.

The mother, Toi Irvin, said she was told by Holyfield's representatives not to expect the payments — $6,000 total — for May and June, the Atlanta Journal-Constitution reported.

"It wasn't so much that he didn't pay," said Irvin's attorney, Randy Kessler. "She was told they didn't know if she would be paid at all."

The boxer's 235-acre estate in Fayette County, worth an estimated $10 million, is under foreclosure and is due to be sent to auction next month.

Holyfield, an Olympic gold medalist and heavyweight champ who had part of his ear bit off in the ring by Mike Tyson, was sued last month by a Utah consulting company for failing to repay a $550,000 loan related to landscaping his estate.

Holyfield, 45, last fought on Oct. 13, 2007, when he lost to Sultan Ibragimov in a fight for the World Boxing Organization title. He's won the heavyweight title four times since 1990, and was paid $34 million alone against Tyson in the famous ear-biting bout in 1997.

So where did all the money go?

In his book, “Becoming Holyfield: A Fighter’s Journey,” the ex-champ wrote, “I’d made over $90 million in the short time [of the marriage to Janice] and, as things too often do, it came down to money because we didn’t have a prenuptial agreement.”



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