Canelo Alvarez nears billion-dollar status with $400M Saudi deal

Canelo Alvarez has signed a lucrative four-fight deal with Riyadh Season, expected to bring his total career earnings close to or over $1 billion, potentially making him boxing's first 'billion dollar boxer.' Despite a lackluster win over William Scull that drew criticism for being one of the least action-packed title fights, Alvarez is set to earn around $100 million for that bout alone, with three more high-profile fights remaining in the deal. The agreement has already elevated him past Cristiano Ronaldo as the world's highest-paid athlete in 2025, as estimated by Forbes and other sources. Alvarez's business manager, Richard Schaefer, credits Canelo's business acumen and predicts he will reach the billion-dollar milestone as soon as next year. In addition to his boxing earnings, Alvarez's wealth is bolstered by endorsements, business ventures, and his own promotional company. The next major fight on Alvarez's schedule is a highly anticipated superfight against Terence Crawford, set for September 12 in Las Vegas.