Oscar De La Hoya's Net Worth Is Massive (Even Though He's Spent Millions On Child Support)
Highlights
- Oscar De La Hoya's a hit boxing occupation and ability within the ring allowed him to amass a fortune of $2 hundred million.
- Despite having six kids, De La Hoya only helped elevate three of them and paid child fortify for they all, potentially costing him a good portion of his fortune.
- While De La Hoya may not were a gift father figure, he financially supported his kids, offering them with alternatives and leaving them with wealth between $1 million to $Five million each and every.
Oscar De La Hoya has been touted as one of the perfect boxers of his technology, and this is no longer the celebrity version of boxing for charity. The "Golden Boy of boxing" has made a massive fortune on account of his abilities in the ring and won a legion of fanatics as well. This attention and wealth allowed De La Hoya to reside a life of extra, and naturally, stunning ladies at every turn.
While De La Hoya will have wanted to remain trustworthy to the relationships he was once in, that proved to be too exhausting a task for the boxer. Because of this, De La Hoya had 3 kids out of wedlock and three together with his soon-to-be ex-wife; the remaining three had been the one youngsters he helped to lift. However, De La Hoya did not financially disappear from his youngsters's lives as he paid child strengthen for they all. By doing the correct factor, Oscar will have put a bit of of a dent in his fortune.
How Did Oscar De La Hoya Make His Money?
De La Hoya used to be thrown into the boxing ring by his father when he was a tender boy. It was not essentially what De La Hoya sought after to do, however he proved to be very professional within the sport. As such, he received good fortune quickly.
This success led De La Hoya to compete for america within the Olympics in 1992 where he won the gold medal on the age of 19 years outdated. From there, De La Hoya became the new superstar of the boxing world.
De La Hoya would move on to have a 16-year profession in boxing. During that time, he gained 10 world titles and would walk away with a 234-6 file. Some of the greats that he defeated along the best way included Jorge Paez, Julio Cesar Chavez, Hector Comacho, Felix Sturm, Fernando Vargas, and more.
The wonderful career that De La Hoya had did not come with out some humility along the way. This came in the form of losing to Manny Pacquiao and Shane Mosely within the later years of his profession. Eventually, the ones losses would be the catalyst that would lead De La Hoya to retire.
With retirement didn't come fading away into the sunset, then again. Instead, De La Hoya started Golden Boy Promotions, where he now serves as a boxing promoter for up-and-coming athletes within the sport of boxing.
Oscar De La Hoya Is Worth $200 Million
Given his a success boxing occupation that made De La Hoya tens of millions in line with match, it is not unexpected that the previous boxer amassed a perfect fortune for himself. But it can be surprising that De La Hoya's net worth has reached $200 million to date.
Shortly after his Olympics win, De La Hoya was signed by a manager who equipped him a deal of a "new house in Montebello, cars, and roughly $500,000 in cash." This was once just the top of the iceberg when it came to what De La Hoya would make, then again. This is because, over the following couple of years, De La Hoya would turn into a multi-millionaire.
During his time as a boxer, De La Hoya generated "approximately $700 million in pay-per-view income." From this, De La Hoya would make a total of an estimated $500 million over his profession. It didn't matter if De La Hoya gained or no longer, he would nonetheless be paid hugely for collaborating in matches with other giant names.
For instance, when De La Hoya fought the wealthy Floyd Mayweather, a man who changed the world of boxing, in 2007, he misplaced. However, he still walked away a winner being $fifty two million richer for the fight.
The larger the marquee name, the larger the payday for De La Hoya. But from squandering his cash within the early days, living a lavish lifestyle, and paying child enhance, De La Hoya's net worth has declined slightly.
Yet with extra money than most of the people dream of getting, De La Hoya is nonetheless doing somewhat well for himself.
Oscar De La Hoya Has Paid Millions In Child Support For His Six Kids
When it comes to being there for his six kids, De La Hoya has really handiest been there to help carry his three youngest together with his soon-to-be ex-wife, Millie Corretjer. However, De La Hoya was once responsible enough to pay child enhance for those he may not emotionally be there for. And it is estimated that the child give a boost to that has been paid is millions of bucks.
De La Hoya's first 3 children had been born around the same time. His first child is Jacob De La Hoya, who used to be born in 1998. De La Hoya's 2nd child, Devon De La Hoya used to be also born in 1998. And his third child, Atiana De La Hoya was once born in 1999.
Of the 3 ladies who gave birth to the young children, De La Hoya used to be best in a relationship with Atiana's mom, Shanna Moakler. But he blew that sky-high when he cheated on Maokler with Corretjer. Because of this, Moakler filed for palimony from De La Hoya in the amount of $62.5 million.
While Moakler and De La Hoya settled out of doors the court, it is believed that Moakler used to be left a great deal of cash, though Moakler does not have much to show for it these days. And a few of that money was for child beef up.
When it got here to the boys, apparently that De La Hoya financially supported them as well. However, he did not take the time to be a father figure till after the children were older.
"He supported me financially, paid for my schooling," Jacob defined. "But other than that, he wasn’t that parent figure."
A proven fact that De La Hoya corroborated mentioning he "left it up to the mothers to take care of Jacob, Devon and Atiana."
Speaking to the cut up from Corretjer, there have yet to be any details released as to the child support aspect of their settlement. However, given that De La Hoya has stated that he'll "pay alimony and cover both their legal fees."
Because De La Hoya would like joint custody of the kids with Corretjer maintaining bodily custody, there is going to be child reinforce that needs to be paid.
While there are no specifics to be had for the precise quantity that De La Hoya has paid through the years for child toughen, given that not one of the youngsters have complained about ever in need of for anything else and the fact that Jacob, Devon, and Atiana are all worth between $1 million to $5 million, it may be guesstimated that millions were given by means of De La Hoya for their care.
Because of this, whilst the trio won't have had their father within the image as children, they at least had alternatives to higher their lives along the best way.
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