JAKARTA - Mexican boxer Saul 'Canelo' Alvarez will face American boxer Caleb Plant this weekend in Las Vegas. According to ESPN's Mike Coppinger, the two fighters will receive $50 million.
Outside of his pay in the ring, Canelo has made a fortune through a number of businesses. This makes Canelo one of the highest-paid athletes.
Canelo owns a brand of hats, clothing, and gas stations, the latter of which is Canelo Energy.
The super-middleweight champion wants to aim to open 100 Canelo Energy branches across Mexico in the next few years. However, in a recent interview, he is in one of the most important and difficult moments of his business career.
Apart from Canelo Energy, the Guadalajara-born boxer's business that also generates his biggest income outside the ring is real estate, bringing in about five million dollars a quarter.
"From everything I invest in real estate, every three months I receive between four and five million dollars," Canelo said.
Canelo, like many other boxers, has built his empire from the ground up. Currently, he is one of the highest paid athletes in the world, alongside Cristiano Ronaldo and Lionel Messi.
The 31-year-old has also launched Canelo Promotions, the boxing promotion agency that emerged after splitting up with Oscar de la Hoya, Golden Boy Promotions and DAZN.
Another business is his clothing outlet, Canelo Store, which recently opened a branch in New York.
The Canelo Store sells all the clothes and accessories the champion wears in and out of the ring. Everything he promotes through social networks.
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