Julio Cesar Chavez is a former Mexican professional boxer who has a net worth of 10 million dollars. He was one of the greatest boxers in the world, having won several championships in the 1980s and 1990s. Besides, he was the undisputed boxing champion from 1991 to 1993. Some sources may quote his overall net worth differently depending on what they include in calculating his wealth. However, his overall net worth is approximately, and he generated this wealth through his successful boxing career.
Boxing Career
Julio began his boxing career in the early 1980s and retired in 2001 after suffering two consecutive losses. In his boxing career, Julio participated in over 120 professional boxing matches, winning 117, losing 6, and drawing 2. Generally, he enjoyed a great boxing career, having won at least six championships.
Besides, he also participated in exhibition bouts, and the money raised from these matches was directed to various charities. Having come from a community that was struggling with drug abuse, he wanted to make a difference with his boxing career. Whatever earnings he got from the exhibition bouts, he would direct them to various charitable causes.
Endorsements
Given that Julio was one of the best professional boxers in the world in the 1980s and 1990s, he received several endorsements and sponsorships. His reputation enabled him to land various lucrative deals, which have significantly contributed to his overall net worth.
Business Ventures
Besides his successful boxing career, Julio Cesar Chavez ventured into various businesses. Following his retirement, he opened a boxing promotion company. The company has managed to support various boxers, and in the process, it has raised some revenue. Besides this promotion company, Julio opened a sportswear line that added to his sources of income, significantly impacting his net worth.
Real Estate Investments and Philanthropy
Julio has also invested in real estate as he tries to build his wealth. After his retirement, he had to find various avenues where he would invest his money and make profits from those investments. One of the appealing avenues was real estate, and as such, the former boxer bought several properties in the United States and Mexico. The legendary boxer has not publicly stated how many properties he owns, but they are worth a fortune.
Julio has also been giving back to society; engaging in various charitable causes has been one of his top engagements. As a professional boxer, he raised revenues through exhibition fights, and then he would donate this money to various charity organizations.
Drug Addiction
Julio may have a great boxing career, but he struggled with drug addiction for a long time. He also became an alcohol addict, and this happened after his fight with Edwin Rosario. Julio could go on to drink, and this negatively affected his health. His addiction was getting out of hand, and as such, he chose to seek help. He checked into rehabilitation centers severally until he recovered.
Generally, Julio made his fortune through his boxing career. However, his various engagements, including in business and real estate, significantly impacted his overall net worth. Besides, his drug and alcohol addiction had a role to play in his financial standing.
