Today marks the 83rd birth anniversary of Muhammad Ali. Ali who passed away in June 2016, left behind an estimated fortune of $50-80 million. His business interests included Muhammad Ali Enterprises, which was previously known as G.O.A.T. LLC (standing for “Greatest of All Time”). While substantial, Ali’s wealth was modest compared to some other celebrities – for instance, the Internal Revenue Service valued Michael Jackson’s name and image rights at approximately $434 million.
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Regarding his boxing earnings, while Ali achieved many firsts in his career, he wasn’t the first boxer to earn a million-dollar purse. That distinction belongs to Gene Tunney, who reached this milestone in his 1927 rematch with Jack Dempsey. Ali’s own notable paydays included $2.5 million (equivalent to $15 million in current dollars) for his 1971 bout against Joe Frazier, and $5.45 million (worth about $26 million today) for the 1974 George Foreman fight.
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His highest nominal payday came in 1980, when he earned $7.9 million for facing Larry Holmes. However, when accounting for inflation, this amount translates to roughly $22 million in today’s terms, making his 1974 Foreman fight purse of $5.45 million (worth $26 million today) actually his most valuable payday in real terms.
