Joe Frazier Net Worth
Joe Frazier had an estimated net worth of $100 thousand at death. Joe Frazier was the world heavyweight boxing champion from February 1970 until January 1973 and fought in the famous “Thrilla in Manila” in 1975. He earned most of his income from his career as a professional boxer and actor. In retirement, he had financial problems because he spent too much money on his friends and family without managing his finances well.
Joe Frazier was the world heavyweight boxing champion from February 16, 1970, until January 22, 1973, when he was defeated by boxing legend George Foreman. Frazier is perhaps best remembered for his grueling 14-round match in the Philippines against Muhammad Ali, known as the Thrilla in Manila, which Ali won by TKO. Frazier died in 2011 from liver cancer.
To calculate the net worth of Joe Frazier, 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:
|Net Worth:||$100 Thousand|
|Monthly Salary:||$1 Thousand|
|Annual Income:||$20 Thousand|
|Source of Wealth:||Professional Boxer, Actor|
Billy Joe Frazier, the youngest of 12 children, was born on January 12, 1944, in Beaufort, South Carolina. Rubin and Dolly Frazier, his parents, were sharecroppers, so the family was poor. Frazier, who had dropped out of school two years before, was on his own by the age of 15. He relocated to New York City to live with his older brother and look for work. However, finding work was difficult, so he began stealing cars and selling them to a junkyard in Brooklyn to make ends meet.
Frazier, on the other hand, had ambitions for his life. Many of those fantasies revolved around boxing. Back in South Carolina, when he was younger, he fantasized about becoming the next Joe Louis, throwing punches at burlap bags filled with leaves and moss.
Frazier’s passion for boxing did not fade up north. Frazier found work at a slaughterhouse after moving to Philadelphia, where he routinely punched sides of beef stored in a refrigerated room. That scene influenced Sylvester Stallone’s 1976 film Rocky.
But it wasn’t until 1961 that Frazier entered the ring and began to box. He was rough and undisciplined, but his raw talent piqued the interest of trainer Yank Durham.
Durham, who shortened Frazier’s punches and added power to his devastating left hook, guided the young boxer to success. He was the Middle Atlantic Golden Gloves Champion for three years in a row, and he won the gold medal at the 1964 Summer Olympics in Tokyo.
He turned pro in 1965 and had an 11-0 record in less than a year. He was crowned heavyweight champion in March 1968, a result that stemmed in part from Muhammad Ali having his heavyweight title stripped the year before for refusing to be drafted.
Ali successfully sued to regain his boxing license in 1970, paving the way for the highly anticipated matchup between Frazier and Ali.
Ali vs. Frazier
While the two fighters may have admired each other, they were clearly not friends. Frazier was enraged by Ali, who repeatedly referred to him as a “gorilla” and a “Uncle Tom.” Years later, Frazier’s rage had not subsided: After witnessing Ali, who was suffering from Parkinson’s disease, light the Olympic flame at the 1996 Summer Olympics in Atlanta, Frazier told reporters he wished he could have “pushed him in.”
Their first fight, dubbed the “Fight of the Century,” took place on March 8, 1971, at New York’s Madison Square Garden. Despite being lighter and shorter than Ali, Frazier wore him down in front of a sold-out crowd that included Frank Sinatra (who photographed the match for Life magazine) and Hubert Humphrey. Frazier won the fight by unanimous decision, handing Ali his first professional loss.
The victory catapulted Frazier to stardom and wealth. He bought a 368-acre farm near his childhood home and became the first African American to address the South Carolina Legislature since Reconstruction.
In 1974, Frazier, who had lost his title to George Foreman the year before, faced Ali once more. This time, Ali emerged victorious. Their final battle took place in the Philippines in 1975. Some boxing historians regard it as the sport’s greatest fight, dubbed the Thrilla in Manila. The fight lasted 14 brutal rounds before Frazier’s trainer, Eddie Futch, prevented him from returning for the final round due to vision problems.
The fight was the “closest thing to dying I know of,” Ali later said.
Final Years and Death
Frazier retired in 1976, at the age of 32. He returned to the ring briefly in 1981, but quickly and permanently retired after only one fight.
During his post-boxing years, he managed the career of his eldest son, heavyweight Marvis. His daughter, Jacqui Frazier-Lyde, began boxing and eventually faced Ali’s daughter, Laila Ali, in a fight known as Ali-Frazier IV. Ali emerged victorious.
Frazier had 11 children in total, including sons Marvis, Hector, Joseph Rubin, Joseph Jordan, Brandon Marcus, and Derek Dennis, as well as daughters Jacqui, Weatta, Jo-Netta, Renae, and Natasha. In 1985, he and his wife Florence Smith divorced. Frazier remained with his forty-year girlfriend, Denise Menz, until his death.
Frazier was diagnosed with liver cancer in September 2011. The disease spread quickly, and he was soon in hospice care. On November 7, 2011, he died at home in Philadelphia.
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