Muhammad Ali

Muhammad Ali's Legacy: Net Worth, Earnings & Career

Muhammad Ali, widely regarded as one of the greatest boxers of all time, left an indelible mark on both the sports world and global culture. This article delves into his life, career, and financial legacy, exploring how his net worth reflects his enduring impact.

Personal Profile About Muhammad Ali

Age, Biography, and Wiki

Muhammad Ali was born Cassius Marcellus Clay Jr. on January 17, 1942, in Louisville, Kentucky. He rose from humble beginnings to become a legendary figure in sports, known for his incredible boxing skills and his outspoken personality. Ali passed away on June 3, 2016, at the age of 74.

Occupation Civil Rights Activists
Date of Birth 17 January 1942
Age 83 Years
Birth Place Louisville, Kentucky, U.S.
Horoscope Capricorn
Country U.S
Date of death 3 June, 2016
Died Place Scottsdale, Arizona, U.S.

Height, Weight & Measurements

During his prime, Muhammad Ali stood at 6 feet 3 inches (191 cm) tall and weighed around 230 pounds (104.5 kg), which was unusually tall for a boxer of his era.

He fought in several historic boxing matches, including his highly publicized fights with Sonny Liston, Joe Frazier (including the Fight of the Century, the biggest boxing event up until then), the Thrilla in Manila, and his fight with George Foreman in The Rumble in the Jungle. Ali thrived in the spotlight at a time when many boxers let their managers do the talking, and he became renowned for his provocative and outlandish persona. He was famous for trash-talking, often free-styled with rhyme schemes and spoken word poetry, and has been recognized as a pioneer in hip hop. He often predicted in which round he would knock out his opponent. As a boxer, Ali was known for his unorthodox movement, fancy footwork, head movement, and rope-a-dope technique, among others.

Despite Liston's attempts to knock out a blinded Clay, Clay was able to survive the fifth round until sweat and tears rinsed the irritation from his eyes. In the sixth, Clay dominated, hitting Liston repeatedly. Liston did not answer the bell for the seventh round, and Clay was declared the winner by TKO. Liston stated that the reason he quit was an injured shoulder. Following the win, a triumphant Clay rushed to the edge of the ring and, pointing to the ringside press, shouted: "Eat your words!" He added, "I am the greatest! I shook up the world. I'm the prettiest thing that ever lived."

At ringside post fight, Clay appeared unconvinced that the fight was stopped due to a Liston shoulder injury, saying that the only injury Liston had was "an open eye, a big cut eye!" When told by Joe Louis that the injury was a "left arm thrown out of its socket," Clay quipped, "Yeah, swinging at nothing, who wouldn't?"

Height 6 feet 3 inches
Weight 5 kg
Body Measurements
Eye Color
Hair Color

Dating & Relationship Status

Muhammad Ali was married four times: to Sonji Roi, Belinda Boyd Kalil, Veronica Porsche, and finally, to Lonnie Williams. He had seven daughters and two sons from these marriages and other relationships.

Cassius Marcellus Clay Jr. The elder of two sons, he was named after his father, Cassius Marcellus Clay Sr., who himself was named in honor of the 19th-century Republican politician and staunch abolitionist Cassius Marcellus Clay. Clay's father's paternal grandparents were John Clay and Sallie Anne Clay; Clay's sister Eva claimed that Sallie was a native of Madagascar. He was a descendant of slaves of the antebellum South, and was predominantly of African descent, with Irish and English heritage. His maternal great-grandfather, Abe Grady, emigrated from Ennis, County Clare, Ireland. DNA testing performed in 2018 showed that, through his paternal grandmother, Clay was a descendant of the former slave Archer Alexander, the model of a freed man for the Emancipation Memorial and the subject of abolitionist William Greenleaf Eliot's book, The Story of Archer Alexander: From Slavery to Freedom.

His father was a sign and billboard painter, and his mother, Odessa O'Grady Clay, was a domestic helper. Although Cassius Sr. was a Methodist, he allowed Odessa to bring up both Cassius Jr. and his younger brother Rudy (later renamed Rahaman Ali), as Baptists. Cassius Jr. attended Central High School in Louisville and was dyslexic, which led to difficulties in reading and writing.

He grew up amid racial segregation. His mother recalled one occasion when he was denied a drink of water at a store: "They wouldn't give him one because of his color. That really affected him." He was also strongly affected by the 1955 murder of Emmett Till, which led to he and a friend taking out their frustration by vandalizing a local rail yard. He once told his daughter Hana, "Nothing would ever shake me up (more) than the story of Emmett Till."

Parents
Husband Sonji Roi (m. 1964-1966) Belinda Boyd (m. 1967-1976) Veronica Porché (m. 1977-1986) Yolanda "Lonnie" Williams (m. 1986)
Sibling
Children

Net Worth and Salary

At the time of his death, Muhammad Ali's net worth was estimated to be between $50 million and $80 million. His career earnings were substantial, with estimates suggesting he earned around $60 million during his boxing career. However, his net worth was affected by taxes, lavish spending, and financial challenges. After his passing, his estate continues to generate significant revenue through licensing and endorsements.

It has since been speculated that Liston purposely dropped to the ground. Proposed motivations include threats on his life from the Nation of Islam, that he had bet against himself and that he "took a dive" to pay off debts. Slow-motion replays show that Liston was jarred by a chopping right from Ali, although it is unclear whether the blow was a genuine knockout punch.

Ali defended his title against former heavyweight champion Floyd Patterson on November 22, 1965. Before the match, Ali mocked Patterson, who was widely known to call him by his former name Cassius Clay, as an "Uncle Tom", calling him "The Rabbit". Although Ali had the better of Patterson, who appeared injured during the fight, the match lasted 12 rounds before being called on a technical knockout. Patterson later said he had strained his sacroiliac. Ali was criticized in the sports media for appearing to have toyed with Patterson during the fight. Patterson biographer W. K. Stratton claims that the conflict between Ali and Patterson was not genuine but was staged to increase ticket sales and the closed-circuit viewing audience, with both men complicit in the theatrics. Stratton also cites an interview by Howard Cosell in which Ali explained that rather than toying with Patterson, he refrained from knocking him out after it became apparent Patterson was injured. Patterson later said that he had never been hit by punches as soft as Ali's. Stratton states that Ali arranged the second fight, in 1972, with the financially struggling Patterson to help the former champion earn enough money to pay a debt to the IRS.

After the Patterson fight, Ali founded his own promotion company, Main Bout. The company mainly handled Ali's boxing promotions and pay-per-view closed-circuit television broadcasts. The company's stockholders were mainly fellow Nation of Islam members, along with several others, including Bob Arum.

Career, Business, and Investments

Ali's boxing career spanned several decades, with some of his most notable fights including the "Fight of the Century" against Joe Frazier and the "Rumble in the Jungle" against George Foreman. These events not only cemented his status as a boxing legend but also contributed significantly to his earnings. Outside of boxing, Ali was a prominent social activist and cultural icon, which further boosted his financial opportunities.

Clay was first directed toward boxing by Louisville police officer and boxing coach Joe E. Martin, who encountered the 12-year-old fuming over a thief having taken his bicycle. He told the officer he was going to "whup" the thief. The officer told Clay he had better learn how to box first. Initially, Clay did not take up Martin's offer, but after seeing amateur boxers on a local television boxing program called Tomorrow's Champions, Clay was interested in the prospect of fighting. He then began to work with trainer Fred Stoner, whom he credits with giving him the "real training", eventually molding "my style, my stamina and my system". For the last four years of Clay's amateur career he was trained by boxing cutman Chuck Bodak.

In 1960, Clay left Moore's camp, partially due to Clay's refusal to do chores such as washing dishes and sweeping. To replace Moore, Clay hired Angelo Dundee to be his trainer. Clay had met Dundee in February 1957 during Clay's amateur career. Around this time, Clay sought longtime idol Sugar Ray Robinson to be his manager, but was rebuffed.

Ali returned to the United States to fight Cleveland Williams at the Astrodome in Houston on November 14, 1966. The bout drew a record-breaking indoor crowd of 35,460 people. Williams had once been considered among the hardest punchers in the heavyweight division, but in 1964 he had been shot at point-blank range by a Texas policeman, resulting in the loss of one kidney and 10 ft of his small intestine. Ali dominated Williams, winning a third-round technical knockout in what some consider the finest performance of his career.

Ali registered for conscription in the United States military on his 18th birthday and was listed as 1-A in 1962. In 1964, he was reclassified as Class 1-Y (fit for service only in times of national emergency) after he failed the U.S. Armed Forces qualifying test because his writing and spelling skills were sub-standard, due to his dyslexia. (He was quoted as saying, "I said I was the greatest, not the smartest!" ) By early 1966, the army lowered its standards to permit soldiers above the 15th percentile and Ali was again classified as 1-A. This classification meant he was now eligible for the draft and induction into the U.S. Army at a time when the U.S. was involved in the Vietnam War, a war which put him further at odds with the white establishment.

Social Network

Muhammad Ali's legacy extends far beyond his personal life into the world of sports and culture. He is remembered for his charisma, his influential social activism, and his enduring impact on boxing history. Ali does not have active personal social media accounts, but his legacy continues to inspire and influence contemporary culture through various tributes and documentaries.

Born in Louisville, Kentucky, he began training as an amateur boxer at age 12. At 18, he won a gold medal in the light heavyweight division at the 1960 Summer Olympics and turned professional later that year. He joined the Nation of Islam in the early 1960s, but later disavowed it in the mid-1970s. He won the world heavyweight championship, defeating Sonny Liston in a major upset on February 25, 1964, at age 22. During that year, he denounced his birth name as a "slave name" and formally changed his name to Muhammad Ali. In 1967, Ali refused to be drafted into the military, owing to his religious beliefs and ethical opposition to the Vietnam War, and was found guilty of draft evasion and stripped of his boxing titles. He stayed out of prison while appealing the decision to the Supreme Court, where his conviction was overturned in 1971. He did not fight for nearly four years and lost a period of peak performance as an athlete. Ali's actions as a conscientious objector to the Vietnam War made him an icon for the larger counterculture of the 1960s generation, and he became a prominent, high-profile figure of racial pride for African Americans during the civil rights movement and throughout his career.

Clay made his amateur boxing debut in 1954 against local amateur boxer Ronnie O'Keefe. He won by split decision. He went on to win six Kentucky Golden Gloves titles, two Chicago Golden Gloves, two national Golden Gloves titles, two Amateur Athletic Union national titles, the U.S. Olympic Trials, and the light heavyweight gold medal in the 1960 Summer Olympics in Rome. Clay's amateur record was 100 wins with five losses. In his 1975 autobiography he recalled that shortly after his return from the Rome Olympics, he threw his gold medal into the Ohio River after he and a friend were refused service at a "whites-only" restaurant and fought with a white gang. The story was later disputed, and several of his friends, including Bundini Brown and photographer Howard Bingham, denied it. Brown told Sports Illustrated writer Mark Kram, "Honkies sure bought into that one!" Thomas Hauser's biography of Ali stated that Ali was refused service at the diner but that he lost his medal a year after he won it. Ali received a replacement medal at the Georgia Dome during the 1996 Olympics in Atlanta, where he lit the torch to start the Games.

By late 1963, Clay had become the top contender for Sonny Liston's title. The fight was set for February 25, 1964, in Miami Beach. Liston was an intimidating personality, a dominating fighter with a criminal past and ties to the mob. Based on Clay's uninspired performance against Jones and Cooper in his previous two fights, and Liston's destruction of former heavyweight champion Floyd Patterson in two first-round knockouts, Clay was an 8:1 underdog. Despite this, Clay taunted Liston during the pre-fight buildup, dubbing him "the big ugly bear", claiming "Liston even smells like a bear" and "I'm gonna give him to the local zoo after I whup him." Clay turned the pre-fight weigh-in into a circus, shouting at Liston that "someone is going to die at ringside tonight." Clay's pulse rate was measured at 120, more than double his normal 54.

Education

Muhammad Ali attended Central High School in Louisville, Kentucky. His early introduction to boxing came after his bicycle was stolen, leading him to learn the sport under the guidance of Chuck Bodak. Ali's education was heavily influenced by his early immersion in boxing, which became the defining aspect of his life.

Conclusion

Muhammad Ali's net worth and career reflect not only his achievements in the boxing ring but also his broader impact on society. His legacy continues to inspire new generations, ensuring his name remains synonymous with excellence and activism.

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