Muhammad Ali Net Worth?

Muhammad Ali was a retired American Professional boxer who has an estimated net worth of $50 million, as per Celebrity Net Worth.

Introduction

Muhammad Ali was a retired American boxer who was born on January 17, 1942 and passed away at the age of 74 on June 3, 2018. His birth name is Cassius Marcellus Clay Jr.  Widely considered the greatest heavyweight boxer of all time, Ali is a prominent figure in sports history.

He held the Ring magazine’s heavyweight champion title from 1964 to 1970 and later went on to have multiple titles simultaneously, solidifying his legacy in the boxing world. In recognition of his achievements, he was honored as the Sportsman of the Century by both Sports Illustrated and the BBC in 1999.

Career Earnings

Between 1970 and 1978, Muhammad Ali earned an estimated $47.45 million from his bouts. It was projected that his total earnings from boxing matches would reach close to $60 million by that year. However, reports indicated that his total earnings from bouts could go as high as $70 million by 1980. In 1978, Ali openly admitted to being financially “broke.” Various news organizations assessed his net worth at $3.5 million during that time. The media attributed his decline in wealth to several factors, including expenses related to his family, charitable organizations, and religious causes.

Additionally, a significant portion of his income was claimed by taxes, taking at least half, and his management also took a third. In 2006, Ali sold his brand and reputation for a staggering $50 million. As a result, Forbes estimated his net worth to be $55 million that year. Following his passing in 2016, his wealth was estimated to be between $50 million and $80 million.

Early Life

Muhammad Ali was the son of Cassius Marcellus Clay and Odessa O’Grady Clay. His father was involved in the construction of billboard signs, whereas his mother took care of the household. He grew up alongside his six siblings.

During his time as a student at Louisville Central High School, Cassius faced challenges due to a learning issue. Growing up in a segregated environment, he experienced racial injustice and prejudice, including being denied access to a bottle of water in a store. The brutal murder of Emmett Till in 1955 deeply affected him, leading him and a companion to engage in a protest by vandalizing a nearby railyard.

Early Career

Ali discovered his passion for boxing at the age of 12 after his bicycle was stolen, leading to an intense emotional reaction. Recognizing Clay’s potential, the police officer advised him to pursue boxing as an outlet for his emotions. Cassius, alongside his boxing mentor Fred Stoner, went on to achieve remarkable success, clinching various titles, including two National Golden Gloves, an Amateur Athletic Junior Title, and six Kentucky Golden Gloves.

Professional Wrestling

Ali had numerous opportunities to participate in professional wrestling during his career. On June 1, 1976, while preparing for his fight with Inoki, Ali witnessed Gorilla Monsoon’s performance at a World Wide Wrestling Federation event held at the Philadelphia Arena. During the event, Ali entered the ring shirtless and faced off against Monsoon.

Despite dodging a few strikes, Monsoon managed to spin Ali around and bring him down to the mat. Ali’s friend Butch Lewis eventually convinced him to leave the ring after the fall. Years later, on March 31, 1985, Ali served as the special guest referee for the opening match of WrestleMania.

In 1995, Ali organized a sports diplomacy mission that brought together American and Japanese professional wrestlers, including Ric Flair and Antonio Inoki, to North Korea. This mission culminated in the historic Collision in Korea event, where Ali was honored as a special guest and witnessed record-breaking attendance.

Personal Life

Ali has been married a total of four times and has a blended family consisting of seven daughters and two sons. His first marriage was to Sonji Roi, a cocktail waitress whom he met while she was working as his manager on their first date. However, their marriage only lasted for a month as Ali claimed that Sonji refused to convert to Islam. They officially divorced on January 10, 1966.

Ali’s second marriage took place on August 17, 1967, when he tied the knot with Belinda Boyd. Belinda, who was originally from Chicago, embraced Islam and changed her name to Khallilah. Together, they had four children named Maryum, Jamillah, Rasheda, and Muhammad Ali Jr.

At the age of 32 in 1974, Ali entered into a relationship with Wanda Bolton, who was just 16 years old at the time. After getting married, Wanda changed her name to Aaisha Ali. They were blessed with two children: Khallila, born in 1974, and Miya, born in 1972. Finally, on November 19, 1986, Ali married Yolanda Williams. Although they did not have any biological children together, they adopted a son named Asad Amin, who was born in 1986.

Muhammad Ali Religion

In 1975, Muhammad Ali converted to Sunni Islam. He was also attracted to the Sufi tradition, known for its focus on spirituality within the Islamic faith. Sunni Islam, with more than 1.1 billion followers globally, stands as the largest branch of the religion.

Muhammad Ali’s Cause of Death

On June 2, 2016, Ali was admitted to a hospital in Scottsdale, Arizona, due to a respiratory condition. Although his condition was first deemed fair, it deteriorated, and the next day, at 74, he passed away from septic shock.

Records

FAQs

Q. How much worth is Muhammad Ali?

Muhammad Ali had an estimated net worth of $50 million at the time of his death.

Q. How tall is Muhammad Ali?

He is 1.91 m tall.