By Wilson Florez
Saul Alvarez He has been a prominent figure for the media in recent years. Among the reasons are his level in boxing and his statements outside of it. While preparing for his return to the ring, Canelo offered some controversial reflections in which he concludes that There is no good financial education that prevents people from getting ahead.
The Mexican boxer was on Oso Trava’s “Cracks” podcast. Canelo Álvarez, recognized for his investments and being one of the highest paid athletes in the world, carried out his controversial analysis related to the business world.
“I have always said that the poor are poor because they want to. If you don’t have the ability to think and if you don’t have an education about money, you will always be poor. Give $10 million dollars to a person who doesn’t have one and is going to want to spend $15 million. of dollars“said the fighter from Guadalajara.
Saúl Álvarez grew up in a very humble family. “Canelo” sold pallets on buses and markets to be able to take money home. However, it was boxing that was able to grow his assets and consolidate his fortune.
Saúl Álvarez’s businesses
It is currently estimated that Saúl Álvarez’s net worth is around $300 million dollars. Much of that money is due to Canelo’s annual income from fights. This sector includes contract income and Pay Per View (PPV) percentages,
But Saúl Álvarez has also invested his money. El Canelo is a purchased real estate asset. In addition, the Mexican fighter is the owner of several companies such as Canelo Powernetwork of gas stations in Mexico; Upperconvenience stores; VMCa beverage brand and Canelo Promotionsa boxing and events company.
In the year 2025, Forbes magazine put Saúl Álvarez on its list of the 25 highest-paid athletes throughout the year. ANDCanelo was second in the ranking only behind Cristiano Ronaldo. Álvarez generated nearly $137 million dollars in a single year.
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