Sugar Ray Leonard Net Worth
Sugar Ray Leonard has an estimated net worth of $120 million. Sugar Ray Leonard was a champion Olympic and professional welterweight boxer. He retired from the sport in 1997 and was inducted into the Boxing Hall of Fame. He earns most of his income from his career as a professional boxer and actor.
Sugar Ray Leonard is a former professional boxer from the United States. He won gold in light-welterweight boxing at the 1976 Olympics and turned professional the following year. One of the greatest professional boxing matches of all time is his 1987 victory over “Marvelous” Marvin Hagler for the World Boxing Council’s middleweight title. Leonard retired with a 36-3-1 record and was inducted into the Boxing Hall of Fame in 1997.
To calculate the net worth of Sugar Ray Leonard, 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:||Sugar Ray Leonard|
|Net Worth:||$120 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$20 Million|
|Source of Wealth:||Professional Boxer, Actor|
Sugar Ray Leonard, one of boxing’s most popular and successful fighters, was born Ray Charles Leonard on May 17, 1956, in Wilmington, North Carolina. Ray Charles, the fifth of Gertha and Cicero Leonard’s seven children, was named after his mother’s favorite singer.
Leonard and his family moved to Washington, D.C. when he was three years old. They finally settled in Palmer Park, Maryland, seven years later. Leonard grew up in a loving home where money was often scarce. His father worked as a night manager at a supermarket, and Gertha was a nurse.
Leonard’s life was often difficult—as a child, he saw the lives of those around him destroyed by crime and violence. Several of his high school classmates were killed in violent crimes, and many more were imprisoned. Leonard, on the other hand, was adamant about not succumbing to his surroundings.
Leonard was a marginal athlete in team sports. His two older brothers, who had started boxing, persuaded him to go to the Palmer Park Community Center (their neighborhood recreation center) and put on some gloves. His life would never be the same after that.
Leonard quickly became obsessed with boxing and perfecting his skills. “I wanted it so bad for some reason,” he told Sports Illustrated in 1979. “I felt it in myself, and I knew I had to keep going.”
Leonard was quick and nimble. Above all, he was eager to learn. In 1973, the fruits of his labor began to bear fruit. That year, he won the National Golden Gloves, and a year later, he was crowned national Amateur Athletic Union champion.
“I used to fight like Joe Frazier when I first started,” Leonard once said. “I’d come in low, bob and weave, and knock out a lot of guys that way. When I saw Muhammad Ali and began studying Sugar Ray Robinson, I straightened out.” Leonard admired Robinson so much that he adopted the moniker “Sugar Ray,” which stuck.
Leonard won three National Golden Gloves titles, two AAU championships, and the 1975 Pan American title during his successful amateur career. He rose to celebrity status after winning the gold medal in the light-welterweight (139-pound) division at the 1976 Olympic Games in Montreal, Canada.
Leonard had no intention of becoming a professional boxer; he had hoped to cash in on his Olympic gold medal and never return to the ring again. But family strains, including both of his parents becoming ill, forced his hand, and he began fighting again not long after the Olympics.
Leonard had the same level of success as an amateur fighter as a pro. He won the World Boxing Council’s welterweight title in November 1979, and over the next decade, he fought in some of boxing’s most memorable fights, winning nearly all of them. Among his victories were victories over Roberto Duran and Thomas Hearns.
Leonard retired in 1984, but returned to the ring a few years later, in 1987, to defeat “Marvelous” Marvin Hagler for the middleweight title. To this day, the 1987 Leonard-Hagler fight is widely regarded as one of the best in boxing history.
Leonard officially retired from boxing in 1997, finishing his professional career with a 36-3-1 record and 25 knockouts. He was inducted into the International Boxing Hall of Fame later that year.
In Recent Years
Leonard appeared on the hit ABC show Dancing with the Stars (season 12) in 2011, competing against Ralph Macchio, Wendy Williams, and Hines Ward, among others. The Big Fight: My Life in and Out of the Ring was published the same year. He is also involved in philanthropy through the Sugar Ray Leonard Foundation, which he co-founded with his wife Bernadette in 2009. The organization raises funds for juvenile diabetes research and raises public awareness about the disease.
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