What was Marvin Hagler's net worth?
Marvin Hagler was an American boxer and film actor who had a net worth of $40 million at the time of his death. Marvin Hagler died on March 13, 2021 at the age of 66. "Marvelous Marvin Hagler" was at one time the undisputed middleweight champion boxer. He was inducted into the International Boxing Hall of Fame in 1993. During one fight, Hagler was so upset that the announcers did not call him "Marvelous", that he legally changed his name to "Marvelous Marvin Hagler".
He was a middleweight boxer with a southpaw stance. His career included and a record of 67 fights, 62 total wins, 52 wins by knockout, three losses, two draws, and zero contests. He stood at five feet and nine inches tall with a reach of 75 inches. He was the Undisputed World Middleweight Champion from 1980 to 1987 and was later inducted into the International Boxing Hall of Fame as well as the World Boxing Hall of Fame. Other titles have included "Fighter of the Year" and "Fighter of the Decade." He was listed as the fifth greatest middleweight boxer of all time according to Boxrec.
Sugar Ray Leonard Fight Earnings
On April 6, 1987, Marvin faced Sugar Ray Leonard at Caesars Palace in Paradise, Nevada. Sugar Ray had initially retired in 1982. He retired again in 1984. In 1986 he said he would come out of retirement again only if he could face Hagler.
Hagler was guaranteed $12 million for the fight. Leonard was guaranteed $11 million. Both fighters also had a percentage of the Pay Per View profits. Hagler lost. It would be his final professional match.
In the end, he walked away with $20 million before taxes. That's the same as around $50 million in today's dollars. Leonard made a total of $12 million. At the time it was the most lucrative boxing match of all time. There was talk of a rematch. Initially Leonard resisted because he retired once again. Also, his longtime trainer Angelo Dundee quit after being upset to have only been paid $150,000 out of Leonard's $12 million. By the time he agreed to the rematch, which would have guaranteed both fighters $15 million just to show up, Hagler was already enjoying his retirement and working regularly as a film actor in Italy.
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Early Life
Marvin was born in Newark, New Jersey on May 23, 1954. His father, Robert Sims, left the family when Hagler was young, and his mother, Ida Mae Hagler, struggled to make ends meet. Hagler turned to boxing as a way to earn money and support his family.
Boxing Career
Hagler began his boxing career as an amateur in the mid-1970s, winning several regional titles before turning professional in 1976. He quickly established himself as a formidable fighter, with a powerful left-handed punch and a relentless work ethic. He won his first 26 professional fights, including 18 by knockout.
World Middleweight Champion
In 1980, Hagler earned a shot at the world middleweight championship against reigning champion Vito Antuofermo. The two fighters battled to a draw, and Hagler was denied the championship. He would not be denied for long, however, as he defeated Alan Minter in a bloody and controversial fight in 1980 to become the undisputed world middleweight champion.
Hagler went on to defend his title successfully 12 times, including wins against some of the best fighters of his generation, such as Roberto Duran and Thomas Hearns. He was known for his iron chin, his relentless style, and his ability to take a punch and keep moving forward. He was also known for his intense training regimen, which included running up to 18 miles a day and sparring for hours at a time.
Retirement and Legacy
Hagler retired from boxing in 1987, following a controversial loss to Sugar Ray Leonard. He finished his career with a record of 62 wins, 3 losses, and 2 draws, with 52 wins coming by knockout. He was inducted into the International Boxing Hall of Fame in 1993.
After his retirement, Hagler moved to Italy and began acting in films and television shows. He also worked as a boxing trainer and commentator, and remained involved in the sport until his death.
Hagler's legacy as a fighter is marked by his toughness, skill, and determination. He was known for his ability to overcome adversity, both in the ring and in his personal life, and for his commitment to excellence. He inspired generations of boxers with his work ethic and his dedication to the sport.
Personal Life and Philanthropy
Marvin had five children with his first wife. In 2000 he married his second wife, Kay. They lived together in Milan, Italy until his death in 2021.
Hagler was also involved in philanthropy and charitable work. He was a supporter of numerous causes, including anti-drug programs and children's charities. He also worked with the WBC Cares program to promote health and fitness in young people.
Death and Legacy
Marvin Hagler passed away on March 13, 2021, at the age of 66. His death was met with an outpouring of grief and tributes from the boxing community and fans around the world. He is remembered as one of the greatest middleweight boxers in history, and his legacy continues to inspire new generations of fighters.
