Muhammad Ali Net Worth at Death – Salary, Income, Earnings

Muhammad Ali Net Worth

Muhammad Ali had an estimated net worth of $50 million at his death. Muhammad Ali was a heavyweight boxing champion with an impressive 56-win record. He was also known for his brave public stance against the Vietnam War. He earned most of his income from his career as a professional boxer. 

Muhammad Ali was a boxer, philanthropist, and social activist who is widely regarded as one of the twentieth century’s greatest athletes. Ali won an Olympic gold medal in 1960 and the world heavyweight title in 1964.

Following his suspension for refusing military service, Ali reclaimed the heavyweight title twice more during the 1970s, defeating Joe Frazier and George Foreman in the process. Ali, who was diagnosed with Parkinson’s disease in 1984, spent much of his time philanthropizing and was awarded the Presidential Medal of Freedom in 2005.

To calculate the net worth of Muhammad Ali, 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 loans and personal debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Muhammad Ali
Net Worth: $50 Million
Monthly Salary: $200 Thousand
Annual Income: $4 Million
Source of Wealth: Professional Boxer

Early Life

Ali was born in Louisville, Kentucky on January 17, 1942. Cassius Marcellus Clay Jr. was his given name at birth.

Clay demonstrated at a young age that he was not afraid of any fight, inside or outside of the ring. Growing up in the segregated South, he witnessed firsthand racial prejudice and discrimination.

Clay discovered his talent for boxing at the age of 12 through an unusual turn of events. Clay told a police officer, Joe Martin, that he wanted to beat up the thief after his bike was stolen.

“Well, you should learn to fight before you start challenging people,” Martin allegedly told him at the time. Martin was a police officer who also trained young boxers at a local gym.

Clay began his boxing career after working with Martin to learn how to spar. He won his first amateur fight by split decision in 1954.

Clay went on to win the Golden Gloves tournament for novices in the light heavyweight division in 1956. He won the National Golden Gloves Tournament of Champions three years later, as well as the Amateur Athletic Union’s national title in the light heavyweight division.

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Olympic Gold

Clay earned a spot on the United States Olympic boxing team in 1960 and traveled to Rome, Italy, to compete. Clay was an imposing figure in the ring, standing six feet three inches tall, but he was also known for his lightning speed and fancy footwork. Clay won the light heavyweight Olympic gold medal after defeating Zbigniew Pietrzkowski of Poland in his first three fights.

Clay was hailed as an American hero following his Olympic victory. With the support of the Louisville Sponsoring Group, he quickly turned professional and continued to dominate all opponents in the ring.

Conversion to Islam

Clay joined the Nation of Islam, a Black Muslim organization, in 1964. He first went by the name Cassius X before settling on Muhammad Ali. During the 1970s, the boxer converted to orthodox Islam.

Vietnam and Supreme Court Case

With his outspoken opposition to the Vietnam War, Ali sparked a new type of fight.

When he was drafted into the military in April 1967, he refused to serve because he was a practicing Muslim minister with religious beliefs that forbade him from fighting. He was arrested for a felony and had his world title and boxing license stripped almost immediately.

Ali’s claim for conscientious objector status was denied by the US Department of Justice, who pursued legal action against him. In June 1967, he was convicted of violating Selective Service laws and sentenced to five years in prison, but he remained free while appealing his conviction.

Ali missed more than three years of his prime athletic career because he was unable to compete professionally in the interim. Ali returned to the ring in 1970, defeating Jerry Quarry, and the conviction was eventually overturned by the United States Supreme Court in June 1971.

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Muhammad Ali: Record

Before retiring from boxing at the age of 39 in 1981, Ali had a career record of 56 wins, five losses, and 37 knockouts.

Further Reading

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How To Become Rich Like Muhammad Ali?

Muhammad Ali did not become rich by luck. To become as rich as Muhammad Ali, you have to work smart.

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Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Muhammad Ali one day.

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