Boxers who kept their wealth after they retired

[Anthony342]

So how did that work? People invested in his career, bought stock on him or something? Then I guess when he made enough to pay for all his shares he owned 100% of them? And does that still pay dividends now?

[billeau2]

So how did that work? People invested in his career, bought stock on him or something? Then I guess when he made enough to pay for all his shares he owned 100% of them? And does that still pay dividends now?

Anthony, when you decide to go public you give up ownership to stockholders. The only way to maintain control is to never let any investor(s) own more than 50% of the company. Ever hear of a hostile takeover? thats when a group conspires to buy a majority share and take a company over....So many companies get destroyed this way.

While I do not know Ray's situation per se I can see a situation where his name may have been sold as intellectual property to a group. If he dealt with investors its entirely conceviable that he had to buy back something related to his business.

[billeau2]

Alot of fighters end up broke when they retire i was suprised to see leonard still has a networth if 100+ million. What fighters kept their wealth after they retired?

Not nearly enough.

[greynotsoold]

Tunney not only kept his money, it translated to the next generation. His son was a congressional representative and two term senator from California. Jimmy McLarnin kept his money and lived well into his 90s. When his trainer died- he'd started Jimmy boxing at 10 and turned him pro at 14- he left McLarnin over $300,000 (a lot at the time), which was every penny he'd taken as payment for managing and training Jimmy over the course of his career.

[jaded]

James Buster Douglas held on to his money and did well with real estate...he is actuality quite well off today.

[rightsideup]

some nice success stories although I am not sure about duran he was fighting in his fifties. I here he has a successful café.

[MRBOOMER]

Nassem hamed
Micky ward
aurto gatti rip
Marvin hagler
Ricky hatton seems to be doing fine even after his coke addiction
Winky wright
Paul Williams

[Anthony342]

Yeah, but too bad Williams didn't get to his big pay per view fight just before his accident.

[New England]

big
george
foreman

[saintpat]

He doesn't live like a millionaire, but I've gotten to know Mark Breland and he seems to be doing very comfortably in his post-boxing days.