Muhammad Ali Net Worth : $80 Million
An American Former Professional Boxer
Source of Wealth
Date of Birth
January 17, 1942
Completed High School Diploma from Louisville Central High School
Muhammad Ali’s Net Worth
A former American boxer, Muhammad Ali, has been successful in making a net worth of $80 million with his stunning boxing skills. Born on January 17, 1442, in a Christian family, Muhammad Ali was earlier named as Cassius Marcellus Clay, Jr.
Ali showed his interest in boxing at the age of 12. His boxing training started under the mentorship of Chuck Bodak, the legendary boxing coach.
He, along with boxing coach Fred Stoner, won 6 Kentucky Golden Gloves, two National Golden Gloves, and an Amateur Athletic Union National Title. Till date, the world remembers him for one of his biggest achievement, when he won the light heavyweight gold medal in the 1960 Summer Olympics, held at Rome. His amateur record includes 5 defeats and 100 wins. In the year 2005, President George W. Bush presented him the ‘Presidential Medal of Freedom’ in acknowledgment of his philanthropic activism.
When Muhammad Ali was diagnosed with Parkinson’s syndrome in 1984, he decided to retire and devote most of his time for philanthropic activities. While supporting vigorously to ‘Special Olympics’ and ‘Make a Wish Foundations’, Muhammad Ali also raised funds for ‘Parkinson Center’ in Phoenix, Arizona. Muhammad Ali put extraordinary efforts to bring positive changes in the lives of several people. He initiated a non-profit organization named as ‘Muhammad Ali Parkinson Centre’.
Ali is also liable for providing alimony to his 2 ex-wives and child-support payments, which cost him more than $100,000 every year.
In the year 2012, at ‘Robert Edwards’ auction, his trunks (which was worn by him in the legendary fight known as ‘Thrilla in Manilla’ with Joe Frazier) were sold for a $100,000.
His supporting causes and charities are Athletes for Hope, Celebrity Fight Night Foundation, Beat Bullying, HELP USA, Keep Memory Alive, Jeff Gordon Children’s Foundation, Special Olympics, Project A.L.S., The Holly Rod Foundation, Watering Seeds Organization, etc.
Ali is also known for his extravagant cars. He is the owner of a Rolls-Royce and an attractive Cadillac Eldorado.
Muhammad Ali was the youngest professional boxer to won the ‘Heavyweight Championship’, at the age of 22. Mohammad Ali gave his first winning boxing performance on October 29th, 1960 and, even after that, he managed to remain undefeated for 3 continuous years. He got associated with the ‘Nation of Islam’ and changed his name to Muhammad Ali. In 1975, he converted to Islam. Among 19 fights, he had remained undefeated in 15. He has also been given the honour of lighting the Olympic flame in 1996.