Boxing champion Anthony Joshua really has had a knockout year judging by his bank balance.
His finances grew by more than $100 million in 12 months, despite suffering the first loss in his professional career.
New documents filed for his firm Sparta Promotions Ltd show he has almost $200 million in the bank, having been at $88 million a year earlier.
But the next 12 months could be even more fruitful. The 31-year-old’s representatives are finalising a deal to fight the other king of the heavyweight division, fellow Brit Tyson Fury, in a once-in-a-generation bout that is expected to net both men $180 million.
Anthony Joshua poses with the IBF, WBA, WBO and IBO World Heavyweight Title belts. (Photo by Richard Heathcote/Getty Images)Source:Getty Images
Business is booming for Anthony Joshua.Source:Instagram
Joshua’s earning power was barely impacted by the first defeat of his professional career, a stunning seventh round TKO defeat against Andy Ruiz at Madison Square Garden in June, 2019.
He avenged the defeat to reclaim his belts in December that year, before the COVID pandemic kept him sidelined until December, 2020, where he knocked out Kubrav Pulev in the ninth round.
His return the top has brought advertising deals with firms including William Hill, Lucozade, Google and Under Armour and unlike Floyd Mayweather, Mike Tyson and other big-name boxers he’s smart with his money.
“He’s had a hell of a year — big fights and some massive commercial deals too thanks to his management team,” a source close to the fighter told The Sun.
Anthony Joshua avenged his defeat to Andy Ruiz Jr. (Photo by Richard Heathcote/Getty Images)Source:Getty Images
“He recently announced the launch of new production studio SBX Studios, which is a huge project for him.
“And he’s given loads of cash to help amateur boxing gyms stay afloat during the pandemic. He’s very generous with his success.”
Last year Anthony was said to be worth $192 million in the Sunday Times’ annual rich list, which had gone up by $104 million in 12 months.
Anthony has previously said about earnings from his bouts: “You earn 100 pounds, you pay a lot to the taxman, to the trainer, and before you know it you’re left with 30 per cent or 40 per cent.”
Anthony Joshua remains humble and focused on boxing.Source:Instagram
The humble, Watford-born fighter has put his money to good use though, buying homes in North London for his mum Yeta and ex-girlfriend Nicole Osbourne, who is the mother of his son Joseph.
But he’s just getting started.
“When I first started, the aim was to become a multi-millionaire,” he told GQ.
“But now there are ordinary people, grandmas and granddads, who are worth millions just because of property prices.
“So the new school of thought is that I need to be a billionaire. Being a millionaire is good, but you have to set your sights higher.”
– The Sun
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