How Rich Is Canelo Alvarez? Net Worth & Income 2023

Canelo Alvarez

Throughout the centuries of boxing, many boxers have risen to the top and made their mark in this difficult sport. Canelo Alvarez is one such name among the boxing elite. He is well-known for his excellent counterpunch as well as for exploiting gaps in his opponents’ guards by avoiding punches with head and body movement. Just this month, The Ring, Boxing Writers Association of America, and ESPN ranked Canelo as the world’s best active boxer, pound for pound.

Furthermore, BoxRec boxing’s elite ranks him as the second-best Mexican fighter of all time, pound for pound. But, aside from his status as a professional boxer, there is a lot we don’t know about Canelo Alvarez. So, in this article, you will learn more about Canelo’s life, Biography, Networth & Income 2024.

Quick Facts

Full NameSantos Saul Alvarez Barragan
Birth DateJuly 18, 1990
Age34 years old
Birth PlaceGuadalajara, Mexico
Nick NameCanelo (“Cinnamon”)
Father’s NameSantos Alvarez
Mother’s NameAna Maria Barragan
SiblingsSix older brothers- Rigoberto Alvarez, Daniel Alvarez, Ricardo Alvarez, Gonzalo Alvarez, Victor Alvarez, and Ramon Alvarez
One older sister-Ana Elda Alvarez
Younger half-brother from paternal side-Bryan Alvarez
Height5′ 9 inches (175 cm)
Weight79 kg (167 lbs)
Hair ColorReddish Brown
Eye ColorBrown
Body MeasurementChest: 41 inches
Waist: 33 inches
Biceps: 15 inches
ChildrenEmily Cinnamon Alvarez 
Maria Fernanda Alvarez
Saul Adiel Alvarez
Mia Ener Alvarez
Net Worth$140 million
Salary$20 million
AffiliationsTKO, WBA
Active Since2004
Social MediaInstagramFacebookTwitter

Canelo Alvarez Biography & Early Life

Canelo Alvarez was born to parents Santos Alvarez and Ana Maria Barragan in Guadalajara, Mexico. Michoacán’s family is originally from Los Reyes, but they later relocated to Juanacatlán, Jalisco. Similarly, Canelo was born as the youngest son in a large family of eight children, seven of whom were boys and one of whom was a girl.

Since they were children, all of the Alvarez boys have been very athletic. Among them, Rigoberto Alvarez, the older brother, was the first to decide to take up boxing and inspired his family.

Furthermore, two of his older brothers, Ramon Alvarez and Ricardo Alvarez, are both welterweight boxers. Furthermore, Canelo followed in the footsteps of his older brother, Rigoberto, by becoming a boxer.

Similarly, he first entered the ring at the age of 13, and boxing has become an inseparable part of his life since then. Canelo participated in many boxing matches as an amateur, winning the Junior Mexican National Championships twice. Interestingly, he won his first gold medal at the age of 14 before making his professional debut. Similarly, Canelo became the WBC World Championship runner-up when he was only 20 years old.

Canelo Alvarez networth
Canelo Alvarez

Canelo Alvarez Net Worth & Income 2024

How much is Canelo Alvarez Networth? Canelo Alvarez, the greatest boxer, has been a professional boxer since 2005. In the fifteen years since Alvarez has received widespread acclaim from around the world.

It’s not just the name and fame Canelo has amassed over the years. However, he has amassed a sizable fortune, making him one of the fourth-highest-paid athletes in the world, trailing only a trio of soccer stars Lionel Messi, Cristiano Ronaldo, and Neymar.

According to Forbes, Alvarez has a net worth of $140 million as of January 2024. The majority of his fortune was made up of cash earnings from his successful boxing career and victories in world-class championships.

Furthermore, Canelo signed a 5-year, $365 million contract with Oscar De La Hoya’s promotion company and DAZN in 2018, covering 11 fights. Similarly, between June 2018 and June 2019, Alvarez received $95 million from his empire, and he earned $40 million in the following 12 months.

Furthermore, he was paid handsomely, receiving a whopping $12 million when he fought Floyd Mayweather Jr. on September 14, 2013, and $25 million when he fought Amir Khan on May 7, 2016.

Similarly, when he fought against Gennady “GGG” Golovkin, he was paid $70 million. Aside from that, Canelo has secured numerous product endorsement deals, which have significantly increased his income.

Canelo has recently signed contracts with Under Armour, Coppel Tecate, Hennessy, and Everlast, which have increased his salary and net worth. According to sources, Alvarez’s previous home in San Diego with six bedrooms, seven bathrooms, and 11,970 square feet sold for $6 million in October 2015. Similarly, Canelo appears to be a car enthusiast, having filled his garage with vehicles ranging from a Mercedes SLS AMG Black Series to a Lamborghini Aventador, Ferrari Testarossa, McLaren P1, a Bugatti Chiron, and many more.

View this post on Instagram

A post shared by Saul Alvarez (@canelo)


Canelo Alvarez’s Boxing Career

Canelo began playing professionally shortly after winning the gold medal in 2005. Generally, amateur boxers do not make their debut at the age of 15, but Canelo did so because he was extremely talented and no one else wanted to fight him.

Although he was fighting professional boxers much older than him, he knocked out the majority of his opponents and maintained his winning streak.

Similarly, in his first 19 months as a professional, he knocked out 11 of 13 opponents, all of whom were much older than him.

Furthermore, he began with several thunderous victories, and in 2008, he knocked out two of his opponents to win the prestigious “WBA Fedecentro” welterweight title.

Similarly, he continued his winning streak in 2009, when he defeated Mexican boxer Antonio Fitch to win the ‘NABF’ and ‘WBO Latino’ welterweight titles.

Canelo then competed in light middleweight in 2010, where he won the WBC silver title. Similarly, in the same year, he became the first boxer to knock out Carlos Baldomir.

Later that year, on September 14, Canelo suffered a crushing defeat against Floyd Mayweather Jr, his first professional defeat. Canelo’s fighting spirit, however, was unaffected by the defeat. He went on to win several more fights, including victories over Alfredo Angulo in 2014.

On May 7, 2016, he successfully defended his title against British boxer Amir Khan. Furthermore, on September 15, 2018, Canelo won a rematch against Gennady Golovkin by a majority decision. The fight was supposed to take place on May 5, 2018, but Alvarez tested positive for an illegal substance and was suspended for six months.

Canelo competed against US boxer Daniel Jacobs in his next match in 2019, which was held on May 4, 2019, and won the ‘IBF’ middleweight title while retaining the ‘WBA (Super),’ ‘The WBC,’ ‘The Ring,’ and the lineal middleweight titles.

Not to mention, Canelo’s professional record currently stands at 53 wins, 1 loss, and 2 draws. Similarly, in those 53 victories, he has defeated 36 of his opponents.