Holyfield Loses Home, Gloves & Olympic Medal!

Holyfield Loses Home, Gloves & Olympic Medal!

Holyfield Loses Home, Gloves & Olympic Medal!

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At one time, Evander "The Real Deal" Holyfield was the wealthiest boxer of all time. Having brought in over $200 million from his boxing matches, including $34 million from the famous Mike Tyson ear-eating bout, Evander was very rich. He also made commercials, appeared numerous times on TV and had minor parts in three films. So where did all this money go? A bunch of it went to his Fayetteville, Georgia mansion, a place so grand that it’s on the Atlanta tourist tour. Oh yeah . . . There was also the child support for eleven (yes, that was 11) children and alimony for three ex-wives.

Unfortunately for Evander who, like many other star athletes, had trouble with his finances, the good life has gone belly up. As of December 1st, he may have nothing left except the shirt on his back - providing that isn’t also sold at auction.

Evander’s mega-mansion of 54,000 square feet was just sold at a foreclosure auction for $7.5 million, though he owed more than $14 million on the home. Located on Evander Holyfield Highway, it has 102 rooms including 17 bathrooms, movie theatre, bowling alley and three kitchens, sitting serenely on 235 acres with an olympic-sized pool. When Evander bought the property, he built a mansion five times larger than the home that already existed, and gave the old home to his mother.

The loss of the mansion isn’t his only problem. He owes more than $200,000 to the IRS for back taxes and may end up having to pay the bank for the balance of the $14 million he owes on the house. Two of his ex-wives have gone after him for a small fortune in back child support. And then there is the $500,000 in unpaid loans for landscaping. And who knows? Is it possible Evander could even go to jail for the back child support? Deadbeat fathers are thrown into jail every day for owing a miniscule fraction of what he owes.

And it gets worse. On November 30th over 500 items of his personal and professional possessions will be auctioned. This will include umteen pairs of boxing gloves, including those worn in the cannibal fight with Tyson, boxing shorts, signed posters and even his bronze medal from the 1984 Olympics. Personal items will also be sold from furniture, jewelry and clothing to his 1962 Corvette.

One more athlete shoots himself in the foot. Join the crowd, Evander. You’re certainly not the first. Reality TV show? Hello, Chad Johnson?