How much is Larry Holmes net worth?
| net worth: | $18 million |
|---|---|
| age: | 74 |
| Birth: | November 3, 1949 |
| gender: | Male |
| Height: | 1.91 m (6 ft 3 in) |
| country of origin: | United States |
| Source of funds: | Professional boxer |
| Last Updated: | August 29, 2024 |
Introduction
Larry Holmes, also known as “The Easton Assassin,” is a retired professional boxer who has a net worth of $18 million.
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He competed against many of the top heavyweight boxers from the 1970s to the late 1990s, including Muhammad Ali and Joe Frazier, with whom he also sparred regularly.
Holmes is regarded as one of the greatest heavyweight boxers of all time and following his retirement he invested in a number of small companies, creating over 200 jobs for local people.
Larry Holmes’ net worth is estimated at $18 million.
quick Facts
- Larry Holmes fought from a conservative stance from the start of his career in 1978.
- He won the WBC Heavyweight Championship belt in 1978 by defeating Norton at Caesars Palace in Las Vegas.
- Larry defeated Ali in October 1980, which was the only defeat of Ali’s career.
- Incredibly, Holmes defeated Trevor Berbick, Leon Spinks and Renaldo Snipes in the same year, 1981.
- Larry Holmes retained his IBF title in 1984 by knocking out James “Bonecrusher” Smith in the twelfth round.
Early Life
Larry Holmes was born on November 3, 1949 in Easton, Pennsylvania, United States.
He was the fourth child of John and Flossie Holmes, the fourth of a total of 12 children. His father abandoned the family and traveled to Connecticut to work as a gardener to raise them, returning to visit them every three weeks.
To help support his family, Larry dropped out of school in the seventh grade and began working at a car wash for $1 an hour, and then drove a dump truck to help make ends meet.
Surprisingly, Larry Holmes started boxing at the age of 18 and over the next 5 years he compiled an amateur record of 19 wins and 3 losses.
He turned professional at age 24, knocking out Rodell Dupree in four rounds and becoming a teammate of Muhammad Ali, Joe Frazier, Jimmy Young and Earnie Shavers.
After seeing that he was able to hold his own against the best opponents in the heavyweight division, he realized he could compete against them.
He was making his debut as a real contender when he faced Earnie Shavers in March 1978. Larry emerged victorious after twelve rounds and a unanimous decision.
The win set him up for a WBC heavyweight title shot against champion Ken Norton in Las Vegas on June 9. The bout went 14 rounds, with seven rounds tied, but Holmes won the final round.
Livelihood
Larry Holmes held the titles of WBC Heavyweight Champion from 1978 to 1983, The Ring Heavyweight Champion from 1980 to 1985, and IBF Heavyweight Champion from 1983 to 1985.
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He surpassed Joe Lewis, who had 25 wins, to become the second most successful athlete in the sport with 20 championship titles.
Holmes announced his retirement after losing a rematch to Michael Spinks in 1986, but returned several times afterwards.
In 2002, he competed in his final bout, leaving his boxing record at 69–6, with 44 of those wins coming via knockout.
Larry Holmes would receive approximately $8 million to fight Muhammad Ali in what would probably be their greatest title fight, and Holmes’ win was the only interruption of Ali’s career.
The big bucks continued to flow in after his “retirement” and in 1988 Don King persuaded Larry Holmes to return to the ring, promising him $2.8 million to fight Mike Tyson in a brutal match of champions.
Holmes accepted a fight with Evander Holyfield in 1992 for $7 million, which he won.
The match between Holmes and George Foreman scheduled for January 23, 1998 was postponed.
However, each player was entitled to keep a non-refundable 10% share of their prize, earning Holmes a total of $400,000.
Income and Salary
Larry Holmes spent over 3 decades in the ring, competing against the best fighters of his time, in an unusual and sometimes surreal career.
It is not possible to estimate Larry Holmes’ current annual earnings as he has been retired for a few years and his business dealings are private.
However, we can tell you that he was careful in investing his winning amount in various businesses, which employed over 200 people in his hometown.
Estimated Annual Net Worth
Larry Holmes retired in 1998 and lived in Easton, where he invested in a variety of businesses.
Larry Holmes net worth is estimated to be around $18 million in 2022. However, there is no way to independently verify this as his financial matters are private and available to the public.
What we do know is that he has invested the money he earned over his three-decade career in high-value projects and real estate, the value of which has increased over the years.
personal life
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In 1979, Larry Holmes married Diane Robinson and they had two children. He also has three daughters from two previous marriages.
Larry’s younger brother Mark Holmes was a middleweight boxer who competed from 1980 to 1987.
Harry owns a home on Sheridan Drive near Easton in Palmer Township, Pennsylvania, where he and his wife live in a house worth over $1.7 million.
You can follow Larry’s official Instagram account to see what he’s up to these days.
Awards and achievements
Here are some of the most important events in Larry Holmes’ career:
- In 1998, Larry Holmes was knocked out by Mike Tyson, the only time in his career.
- Larry Holmes was inducted into the International Boxing Hall of Fame in 2008.
- A street in Easton, Pennsylvania is named Larry Holmes Drive in his honor.
- Holmes was awarded the Jaycees Ten Outstanding Young Men trophy in December 1979.
- The International Boxing Federation recognized Holmes as the world heavyweight champion in 1983.
How does Larry Holmes spend his money?
After officially retiring, Holmes returned to his hometown of Easton, where he has made a comfortable home for himself and his family.
He has invested the money he earned from his boxing career in several different businesses.
His business interests include a $5 million office building, a $2 million restaurant, an $8 million hotel, a nightclub, casino machines, etc.
He has hired over 200 people from his hometown, providing them with much-needed employment.
Additionally, he is the co-host of the television chat show “What the Heck Were They Thinking?”
Summary
Larry Holmes is one of the greatest boxing champions of all time and has defeated legends such as Muhammad Ali, Marvis Frazier, Earnie Shavers, and Mike Weaver.
He holds the unique distinction of having the longest individual heavyweight title reign in boxing’s modern era.
Larry Holmes is one of the five boxers who have defeated the world’s greatest boxer, Muhammad Ali.
Holmes will be remembered as one of boxing’s greatest fighters, retiring in the early 2000s with 69 wins and six losses after three decades in the ring.
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Category: Net worth