Oscar De La Hoya has had a colorful sporting career. He had a great run as a professional boxer then moved on to become a boxing promoter and mixed-martial arts promoter. Some have classed him as the greatest businessman in sports. This may not be far from the truth.
Family of Boxers
De La Hoya was born on February 4, 1973, to a family of boxers. His grandfather, father, and brother were all boxers. On the shoulders of giants, he went on to achieve 234 career wins with 163 of his wins being knockouts, and six losses. At only 17, he won the U.S. National Championship in the featherweight division. He was the youngest boxer ever to win a gold medal at the Goodwill Games.
The golden boy from East Los Angeles secured 10 world titles in six different weight classes, making him one of the greatest boxers of all time. Unsurprisingly, his fame generated $700 million in pay-per-view income during his career.
After his fight with Fernando Vargas, De La Hoya decided to get into the business. He knocked Vargas out in the 11th round and thought to himself, “What’s after boxing? I can’t do this forever.” In 2002, after a disagreement with his promotion company, De La Hoya decided to start his own promotion company, Golden Boy Promotions.
Golden Boy Promotions has several champion fighters under its wings, from middleweight champion Canelo Alvarez to super bantamweight champion, Rey Vargas. In 2013, owner of Premier Boxing Championships (PBC), Al Haymon offered to purchase Golden Boy Promotions for $100 million. This isn’t much of a surprise considering the share amount of earnings made by the company.
Alvarez-Khan made $27.7 million and was Golden Boy’s most profitable fight of 2016. In 2014, Alvarez brought in $21.2 million in revenue in 2014 against Floyd Mayweather. Expenses were $14 million and $4.1 million. In 2015, Alvarez earned the business $4.4 million.
Oscar De La Hoya’s Record Earnings
The golden boy made enough money without his promotion company. He earned himself $43 million after just fighting for 36 minutes inside the ring. He broke several other records for boxing events including gate receipts for a boxing event ($19 million), pay-per-view audience (2.2 million), and pay-per-view revenues ($120 million).
Oscar’s Bel-Air home costs a staggering $18.5 million. He paid $3.35 million for the 10,369, eight bedroom beauty. The home has a large wall aquarium with a formal dining room. It also has a swimming pool and spa with a waterfall. His 11,500 square foot home in Pasadena, California cost more at $11.5 million. He designed his Big Bear Lake property after buying the land in the 1990s. The one-bedroom 3,900 square foot house comes with a three bedroom guest house.
Oscar De La Hoya’s Foundation
Oscar’s foundation is perhaps one of his most impressive achievements. The foundation is dedicated to enhancing the quality of life in East Los Angeles community. The foundation established the Cecilia Gonzalez de la Hoya Cancer Center at White Memorial Medical Centre. The center helps with the treatment of all stages of cancer. In 2016, he donated $100,000 to the Hospital Cleft Palate research.