Professional boxer Teofimo Lopez has made a name for himself thanks to his outstanding talent and success. Lopez made a name for himself as a promising lightweight fighter soon after his July 30, 1997, birth in Brooklyn, New York.
Since turning pro in 2016, Teofimo Lopez has become a boxer. For the past seven years, he has been a professional boxer, and as his career has developed, so has his income.
Teofimo Lopez, who is only 25, has quickly become one of the sport’s top stars in his brief career. At the young age of 23, “The Takeover” has shown worthy of his moniker by becoming the uncontested champion of the world.
Now, 18 months after hitting rock bottom, Lopez is back on top as a two-division world champion. On June 10, Lopez stunned the boxing world by defeating Josh Taylor unanimously, despite being pegged by most reputable offshore bookmakers as the underdog. Check here
Teofimo Lopez Net Worth
As of June 2023, Teofimo Lopez has a $5 million net worth. In recent years, Lopez’s fight purses have increased as he has taken on more formidable opponents in pursuit of world title belts in massive shows in cities worldwide.
Lopez is a famous star in his native city of New York and has a massive $5 million net worth. He earns millions of dollars every time he fights since he is one of the most recognizable names in American boxing. ‘The Takeover’ is a show everyone wants to participate in.
The sum of $5 million will almost certainly increase as the career of the former unified lightweight champion progresses. Given that Lopez is a two-time world champion and has defeated the likes of Vasyl Lomachenko and Josh Taylor, $5 million may even be an underestimate of his worth.
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Teofimo Lopez Career
Teofimo Lopez’s wealth will undoubtedly increase once more as his career continues. At 25, he’s still a kid in the boxing world, so ‘The Takeover’ has many big paydays and nights ahead of him.
According to sportspayouts.com, Lopez’s most excellent bout purse was around $3 million after 20 fights in the professional boxing ring. According to reports, Lopez earned this much for his performance against Sandor Martin in their December 2022 super-lightweight match. The 25-year-old won by split decision despite not fighting particularly well.
With consistent fight purses of $1 million or more, Lopez has amassed a multimillion-dollar fortune throughout his professional boxing career. According to sportspayouts.com, ‘The Takeover’ received an estimated $1.5 million for his first world title fight in October 2020 against the great Vasyl Lomachenko.
The victory over ‘Loma’ earned Lopez the world title and a larger payout for his first defence of the titles. According to sportspayouts.com, Teofimo Lopez fought George Kambosos Jr. and received over $2.1 million despite losing the fight. This is reportedly Lopez’s second-largest payday in his professional boxing career.
Check the tweet belowTeofimo Lopez vs George Kambosos fight:
Just a reminder how big of a money pit that Teofimo Lopez vs George Kambosos fight was that $747k is the venue’s gate record for boxing. Lmao.
I almost feel bad for Teofimo cuz out of dumb luck he got such a wildly overinflated sense of his own worth and lost his mind.
Almost. https://t.co/bGMnqzEOWc
— Deuce (@rangerrollins) June 9, 2023
After his first professional loss, Teofimo Lopez took a pay raise and moved to the super-lightweight division. He debuted at 140 pounds against Pedro Campa, for which he was paid approximately $1.7 million (sportspayouts.com).
Of course, Lopez relies heavily on his prizefighting earnings. While ‘The Takeover’ has racked up many lucrative endorsement deals outside the ring, he makes the bulk of his money by punching people in the face for a living. Endorsement deals for Lopez will be discussed further down.
Boxers’ pay is highly variable, depending on their level of activity, the number of fights they participate in each year, and the purses they earn. The New Yorker is a world-class boxer who competes about twice a year. Therefore his annual wage is reported to be over $1.75 million.
Teofimo Lopez won another large sum for his fight against Josh Taylor, in which he became a two-division world champion. On June 10 at Madison Square Garden in New York, Lopez fought Josh Taylor and reportedly earned at least $1.5 million. That he also won the battle raises the possibility that the actual number is higher. This suggests that Teofimo Lopez’s total career earnings are likely around $12.75 million.
Teofimo Lopez’s Sponsorship and Endorsements
Lopez’s primary source of income is prizefighting, but he has many other lucrative sources of income as well. Lopez’s wealth and payment have been bolstered in no small part by his numerous lucrative endorsement deals.
The 25-year-old’s most significant endorsement contract is with beer giant Bud Light. Lopez, known as “The Takeover,” signed a sponsorship arrangement with Bud Light in 2021, and the company has been supporting his boxing career ever since.
‘Teo’s’ current endorsement roster includes Essentia Water, Reign Body Fuel, and Manscaped, in addition to his massive deal with Bud Light.
Teofimo Lopez, behind all these sponsors, also runs Takeover Promotions Inc. This firm started with an eye on educating the next generation about money management. Lopez isn’t very involved because he’s focused on his boxing career, but the American has plans to branch out into business.
According to Forbes, Teofimo Lopez reportedly earns $100,000 a year from sponsorships and sponsors. That’s not bad for a brand ambassador who occasionally poses for pictures.
Overall, Teofimo Lopez’s primary sponsorship arrangements undoubtedly contribute to the growth of his wealth. However, ‘The Takeover’s’ biggest paychecks come from hitting people in the face for a living.
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