Muhammad Ali Net Worth
Retired Boxer Worth $65 Million!

Published on April 4 2014

Muhammad Ali Net Worth is $65 million

Muhammad Ali, the Olympic Gold Medallist was born as Cassius Marcellus Clay Jr. on January 17, 1942 in Louisville, Kentucky. Despite being retired for quite some time now, he has accumulated a net worth of $65 million. He was born to a billboard painter, of the same name and his mother was a housewife.

He has African American ancestry and was a Baptist before converting to Islam and adopting the name Muhammad Ali. As an Amateur he started boxing in Kentucky and went on to win the local competition for six times, the Kentucky Golden Gloves. He even won the national Golden Glove twice before making it big as a professional.

His initial highs came in 1960 when he won the Gold Medal in the Rome Olympics under the Light Heavyweight category of boxing. As of this day, Muhammad Ali is much more than a star of the yesteryears. He represents an idea, of freedom, equality and fraternity. 

His first professional fight was against Tunney Hunsaker on October 29, 1960. He went on to beat a number of famed professionals in his early years of professional boxing. He was not unbeaten though, and was defeated a number of times, but continued to dominate both on and off the ring including Sonny Liston, who was the reigning champion.

His net worth began rising ever since he stepped into the ring and started beating professionals that included former mentors. His reputation began to spread far and wide after he won the Gold medal in Rome, which he lost after a year and had to be replaced with an honorary medal in the 1996 Olympics.

He officially changed his name from Cassius Clay to Muhammad Ali in 1964, because he accepted Islam as his religion, which bid him to take a Muslim name. After that he went on to scale new heights with every fight. It was as if his new identity had breathed a fiery force into his muscles, which reached its peak on May 8, 1971 when he took on Joe Frazier in the ‘Fight of the Century’ held at Madison square, unfortunately, Muhammad Ali lost his first match that day, but the hype made him a national celebrity and there was much success yet to come.

He has fought a total of 61 fights and has won 56 of them, 37 of those wins have come as knock-outs. The 5 losses are more of an achievement than a blotch because they serve to remind even the greatest are humans, and Muhammad Ali would certainly like to be seen as a human first of all, a champion he would later be. The Greatest 6ft 3 inch high boxer from the United States has a net worth of $65 million at the age of 72, where he continues his fight against Parkinson’s syndrome.

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)