Don King net worth is $160 Million as of 2023. He is an American boxing promoter. He is often referred to as the most infamous man in the boxing world. Reading the article will explain why he has this reputation.

Additionally, many people also nickname him the cockroach of the boxing world. While his name carries notoriety, his impact on boxing is unquestionable. Throughout his life, he has organized over 500 world championship fights.

Don King Net Worth

As of 2023, Don King Net worth is $160 million. However, it might surprise you to learn that his net worth used to be three times higher than this. Unfortunately, due to recent court cases and their outcomes, he has lost a substantial amount of money.

For the recent few years, he is struggling to get his life back on track. Despite these setbacks, he still possesses a good amount of wealth and can maintain his luxurious lifestyle.

Don King Net Worth Growth in Previous Years

Don King net worth is $160 million. Don King net worth is growing fast at a rate of almost $12 million each year. 

Bio of Don King

Don King was born on the 20th of August in Cleveland, Ohio in 1931. He went to high school and later attended Kent State University, though he left without finishing. His early involvement in organized sports was questionable, to say the least.

He began by running an illegal bookmaking operation from a record store’s basement, but police arrested him for murder, which put an end to this operation. While in jail, Don King spent most of his time reading and educating himself.

He eventually received a full pardon for his crimes, but this was many years after his release from prison. Notably, many influential figures wrote letters supporting King, which helped improve his image.

Once released, Don King promptly pursued a career as a boxing promoter. However, many famous stories surround Don King. One such story is about Mike Tyson, who once angrily confronted him, wanting his rightful earnings.

Don King’s actions, along with other promoters like him, led to the creation of the Muhammad Ali Act around 2000. This law ensures that boxers receive their fair share of the money. Before this law, boxers often received less than 15% of the fight earnings.

It’s important to note that nowadays, fighters in UFC matches get around 18% of the money. Due to this, many UFC fighters are advocating for the Muhammad Ali Act to be applied to mixed martial arts as well.

Don King Assets

Don King has owned several lavish homes due to his wealth over the years. However, he sold many of them gradually. Currently, he lives in Paradise, NV, which is a ten-minute drive from Las Vegas.

The house, constructed in 1992, is spacious with over 8,000 square feet. Also, the house is containing 8 bedrooms, a carport, and attached and detached garages. Moreover, the house has three fireplaces and a big pool too.

This property costs around $1.8 million, as estimated by Urban Splatter. As of now, there is no public information about the cars he owns or the brands he currently endorses.

Personal Life

Don King’s wife is Henrietta and they were married for 50 years. Unfortunately, she passed away on December 2, 2010. Furthermore, Don King has three children, five grandchildren, and three great-grandchildren.

Also, he was famous for giving away turkeys at Christmas, providing thousands of free turkeys to people in South Florida who needed them. Additionally, in 2008, Don King was selected for the Gaming Hall of Fame.

Don King Career

People know Don King as one of the most famous and successful boxing promoters ever. He often grabbed attention for his unique appearance and controversial actions.

Throughout his career, Don King managed some of the biggest boxing stars, including Muhammad Ali, Mike Tyson, Evander Holyfield, Julio César Chávez, Andrew Golota, Roy Jones Jr., and many others.

However, a significant starting point was convincing Mohammed Ali to participate in a charity event that aimed to raise funds for a hospital. Following this, he joined forces with Don Elbaum. Elbaum also had extensive experience as a boxing promoter and already represented several successful boxers.

Don King then promoted Muhammad Ali’s most famous fights, the “Rumble in the Jungle” and the “Thrilla in Manila.” While opinions about his impact on boxing differ, it’s a fact that Don King has left a remarkable mark in the boxing world.

Don King Awards

Don King is an American businessman, promoter, and actor. He achieved many important things in his boxing and entertainment career. Here are some of his big accomplishments and awards. He promoted famous boxing matches.

For example, the Rumble in the Jungle in 1974 between Muhammad Ali and George Foreman, and the Thrilla in Manila in 1975 between Muhammad Ali and Joe Frazier. Then, he became part of the International Boxing Hall of Fame in 1997. He also got the Boxing Writers Association of America Lifetime Achievement Award in 2006.

Moreover, in 2006, from the National Ethnic Coalition of Organizations, he received the Humanitarian Award. Additionally, he got a star on the Hollywood Walk of Fame in 2007 for what he did for entertainment. He also donated $1 million to the Muhammad Ali Center in 2016.

This money helps with its goal of respect, hope, and understanding. Furthermore, he helped make the Broadway play “Mike Tyson: Undisputed Truth” in 2012. This later became an HBO documentary. Even with problems with his business, Don King’s help in boxing and entertainment is very popular.

Charities

Don King also has a fondness for charitable actions, but he often prefers to keep them private. He consistently displays a genuine inclination towards charity. Furthermore, he has provided funds to various organizations that champion specific causes.

Conclusion

Don King earned a lot of money from promoting boxers. He became a big success in this and worked with famous boxers. He is 92 years old now and could be retired, but he hasn’t said it. Even if he hasn’t been promoting fights lately, he talked in an interview with the New York Times about why he’s still doing things.

His health got worse after his wife passed away in 2010, people say. He is such a figure that the next generation can make him their inspiration and also learn from his mistakes.

FAQs About Don King

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