Jake LaMotta Net Worth at Death – Salary, Income, Earnings

Jake LaMotta Net Worth 

Jake LaMotta had an estimated net worth of $10 million at his death. Jake LaMotta was a former middleweight boxing champion whose life and career is the subject of Martin Scorsese’s acclaimed film ‘Raging Bull.’ He earned most of his income from his career as a professional boxer and actor. 

Jake LaMotta, a boxer, was born in New York City in 1922. The “Bronx Bull,” a fearsome brawler, became world middleweight champion in 1949 and had several memorable fights with fellow champion Sugar Ray Robinson before retiring in 1954. His autobiography, published in 1970, was adapted into Martin Scorsese’s acclaimed 1980 biopic Raging Bull, starring Robert De Niro as LaMotta.

To calculate the net worth of Jake LaMotta, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Jake LaMotta
Net Worth: $10 Million
Monthly Salary: $70 Thousand
Annual Income: $1 Million
Source of Wealth: Professional Boxer, Actor, Screenwriter

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Early Life

Giacobbe “Jake” LaMotta, a professional boxer, was born on July 10, 1922, in New York City. He developed an explosive temper at a young age while growing up in the New York City borough of the Bronx. Encouraged by his father, LaMotta began using his violent nature to his advantage, starting fights in the street to help support his family. Later, after attempting to rob a jewelry store, LaMotta was arrested and sentenced to reform school.

Professional Boxing Success

LaMotta, a rough, streetwise young man, became a professional boxer at the age of 19. He was known for his ability to take a punch and for being aggressive and relentless in the ring. But he was also a deceptively clever fighter, frequently fooling opponents into thinking he was tiring before launching his attack.

After losing his first fight against boxing legend Sugar Ray Robinson, LaMotta became the first boxer to defeat Robinson in a 1943 match. Fritzie Zivic, Tommy Bell, and Tony Janiro were among the heavy hitters who got a taste of LaMotta’s bull-like style. But his most famous fight was his loss to Billy Fox in 1947, which sparked widespread speculation that he threw the fight on purpose.

LaMotta won the middleweight title from French champion Marcel Cerdan in 1949. A rematch between the two was planned, but it had to be canceled after Cerdan died in a plane crash. LaMotta then successfully defended his title against Tiberio Mitri and Laurent Dauthuille, with the latter victory coming via a last-second knockout.

In 1951, he faced longtime rival Sugar Ray Robinson for the sixth and final time in the ring. Robinson landed powerful punch after punch in a fight dubbed the “St. Valentine’s Day Massacre,” but LaMotta refused to go down. The beating was so severe that the fight was stopped in the 13th round by a referee.

After this crushing defeat, LaMotta moved up to light heavyweight and fought a few more times, but he never got another title shot. After losing to Billy Kilgore in 1954, the Bronx Bull announced his retirement from boxing. He finished his career with an 83-19-4 record and 30 knockouts.

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Post-Boxing Struggles

After his boxing career ended, LaMotta opened a bar in Miami and reportedly dated Jayne Mansfield and Hedy Lamarr. But, near the end of the decade, he was arrested on charges of promoting prostitution and contributing to the delinquency of a minor, and he was sentenced to six months in prison. More difficulties arose in 1960, when he admitted to a Senate subcommittee investigating organized crime’s involvement in boxing that he had taken a dive during the Fox fight.

‘Raging Bull’

In his autobiography Raging Bull: My Story, LaMotta detailed his violent, stormy personal life and professional career. He admitted to his insecurities, jealousy, and a history of violence against women. Raging Bull, directed by Martin Scorsese and starring Robert De Niro as LaMotta, was based on the book.

Along with his prowess in the ring, the film delves into LaMotta’s destructive ways and volcanic temper outside the ring, particularly his abusive relationship with his second wife, Vikki, played by Cathy Moriarty.

The film won two Academy Awards, including Best Actor for De Niro, and its success rekindled public interest in the former champion. Raging Bull II, the second installment of his memoirs, was published in 1986 to capitalize on this new wave of attention.

Later Years and Legacy

In 1990, LaMotta was inducted into the International Boxing Hall of Fame. He suffered a great personal tragedy in 1998 when he lost his two sons from his second marriage, Jack and Joseph. Jack died of cancer, and Joseph died in an airplane crash seven months later.

LaMotta kept himself busy over the years with personal appearances and autograph shows, and he even marketed a line of pasta sauces for a time. At the age of 90, he appeared in Lady and the Champ, an autobiographical revue that ran off-Broadway for two weeks in 2012.

In early 2013, LaMotta married for the seventh time, to Lady and the Champ co-star and writer Denise Baker. The Bronx Bull, a second film about his life starring William Forsythe, Paul Sorvino, and Joe Mantegna, premiered at the Newport Film Festival in 2016 and was released a year later.

On September 19, 2017, the former champion died of pneumonia complications in a Miami nursing home. He was 95.

Further Reading

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