Sugar Ray Robinson Net Worth
Sugar Ray Robinson had an estimated net worth of $500 thousand at his death. Sugar Ray Robinson, widely regarded as one of the greatest boxers of all time, held the world welterweight title from 1946 to 1951, and by 1958, he had become the first boxer to win a divisional world championship five times. He earned most of his income from his career as a professional boxer.
Sugar Ray Robinson made his professional debut in 1940 and won his first 40 fights. Robinson won the world welterweight and middleweight titles during his 25-year career and was dubbed “pound for pound, the best.” By 1958, he had become the first boxer to win five divisional world titles. He finished his career with 175 victories in 1965.
To calculate the net worth of Sugar Ray Robinson, 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 Robinson|
|Net Worth:||$500 Thousand|
|Monthly Salary:||$10 Thousand|
|Annual Income:||$200 Thousand|
|Source of Wealth:||Professional Boxer|
Robinson was born Walker Smith Jr. on May 3, 1921, though the exact location is unknown. Robinson was born in Ailey, Georgia, according to his birth certificate, but the boxer stated in his autobiography that he was born in Detroit, Michigan. What is known is that Robinson grew up in Detroit and was 11 years old when his mother, fed up with her husband’s absence from the family’s life, packed up and moved to Harlem with her son and two daughters.
However, New York proved difficult in other ways. The Smiths built their new life in a section of Harlem dominated by flophouses and gangsters with little money — Robinson helped his mother save for an apartment by earning change dancing for strangers in Times Square —
Fearing that her son would be drawn into this shady world, Robinson’s mother sought refuge at the Salem Methodist Episcopal Church, where a man named George Gainford had recently started a boxing club.
It didn’t take long for Robinson, who grew up next door to heavyweight champion Joe Louis in Detroit, to put on his fighting gloves. To enter the ring for his first bout of his career in 1936, he borrowed the Amateur Athletic Union card of another boxer named Ray Robinson. Robinson refused to use his given name for the rest of his career. Gainford gave the young boxer the nickname “Sugar,” after describing him as “sweet as sugar”; reporters quickly adopted the moniker.
Robinson later stated, “Sugar Ray Robinson had a nice ring to it.” “Sugar Walker Smith would not have been the same without him.”
The young boxer rose quickly through the ranks. He won his first Golden Gloves featherweight title in 1939, and then repeated the feat in 1940. That same year, he went pro.
Robinson had 175 wins, 110 knockouts, and only 19 losses in a 25-year career.
Robinson began his career with an incredible 40 straight victories and was dubbed the “uncrowned champion” by boxing fans because the mob, with whom Robinson refused to play nice, denied him the opportunity to fight for the world welterweight title until after the war. When Robinson finally got his shot at the welterweight title in 1946, he won a unanimous 15-round decision over Tommy Bell; Robinson would hold the title until 1951. Robinson won the middleweight title for the first time six years later, defeating Jake LaMotta. By 1958, he had become the first boxer to win five divisional world titles.
Because of his ability to fight across weight classes, boxing fans and writers dubbed Robinson “pound for pound, the best,” a sentiment that hasn’t faded over the years. Muhammad Ali referred to Robinson as “the king, the master, my idol.” Ali’s famous matador style, which he used to defeat Sonny Liston for the heavyweight title in 1964, was inspired by Robinson. Robinson was ranked first in The Ring magazine’s book “The 100 Greatest Boxers of All Time” in 1984.
Robinson relished his celebrity outside the ring, parading around Harlem in a pink Cadillac and making appearances at his high-profile Harlem nightclub. He traveled with a large entourage of trainers, women, and family members. Robinson, who was unapologetic about his extravagant spending, is estimated to have earned more than $4 million as a fighter, all of which he spent, forcing him to box for much longer than he should have.
Robinson officially retired from the sport in 1965. He was inducted into the International Boxing Hall of Fame two years later.
Personal Life and Death
Robinson later worked in show business, even doing some television acting. The work saved his finances and led to his eventual relocation to Southern California with his second wife, Millie. Millie’s two children were raised by Robinson, who had a son from a previous marriage.
Robinson battled Alzheimer’s disease and diabetes in his final years. On April 12, 1989, he died at the Brotman Medical Center in Culver City, California.
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