Canelo Álvarez
Photo: Box Azteca, CC BY 3.0, via Wikimedia Commons

Canelo Álvarez Net Worth

Mexican boxing champion
🥊 BoxingBoxingMexico
Estimated net worth (Forbes)
$275M+
At least $275 million · career earnings nearly $600 million before taxes (Forbes)
Figure published in 2023 (3 years ago). Latest Forbes estimate we could find.
Source: Forbes, Canelo Álvarez Flexes His Business Muscle, December 7, 2023. Updated October 21, 2026.
How to read this: the headline is Forbes’ own net worth estimate for Canelo Álvarez (at least $275 million, published December 7, 2023). We show it exactly as published and have not adjusted it for anything since, so keep in mind it is 3 years old. The chart below shows what Forbes estimates he earned in each yearly ranking, before taxes and agent fees. Earnings are income, not wealth, so the chart and the headline measure different things.

Canelo Álvarez's earnings by year

Supporting detail: yearly income, not net worth.

$0$50M$100M$150M$200M2018: $44.5M total ($42M on the field, $2.5M off the field). Forbes, Full List: The World's Highest-Paid Athletes 2018$44.5M20182019: $94M total ($92M on the field, $2M off the field). Forbes, Lionel Messi Claims Top Spot on Forbes' 2019 List of the World's 100 Highest-Paid Athletes$94M20192020: $37M total ($35M on the field, $2M off the field). Forbes, Roger Federer Debuts in Top Spot on Forbes' Annual Ranking of the World's 100 Highest-Paid Athletes$37M20202021: $34M total ($32M on the field, $2M off the field). Forbes, The World's 10 Highest-Paid Athletes 2021$34M20212022: $90M total ($85M on the field, $5M off the field). Forbes, The World's 10 Highest-Paid Athletes 2022$90M20222023: $110M total ($100M on the field, $10M off the field). Forbes, The World's 10 Highest-Paid Athletes 2023$110M20232024: $85M total ($75M on the field, $10M off the field). Forbes, The World's 10 Highest-Paid Athletes 2024$85M20242025: $80M total ($70M on the field, $10M off the field). Forbes, The World's 10 Highest-Paid Athletes 2025$80M20252026: $170M total ($160M on the field, $10M off the field). Forbes, The World's 10 Highest-Paid Athletes 2026$170M2026

Swipe the chart to see every year →

On the field (salary, prize money, bonuses)Off the field (endorsements, business)

Each bar is one Forbes ranking, covering roughly the 12 months up to May or June of that year. Forbes also ranked him in earlier years (No. 43 with $28.5 million in 2017, for example), but those years are not shown because the on-field and off-field split could not be checked. All figures are Forbes estimates before taxes and agent fees. Tap or hover a bar for details.

See every year as a table
RankingTotalOn / off fieldRunning totalSource
2018$44.5M$42M / $2.5M$44.5MForbes: Full List: The World's Highest-Paid Athletes 2018
2019$94M$92M / $2M$138.5MForbes: Lionel Messi Claims Top Spot on Forbes' 2019 List of the World's 100 Highest-Paid Athletes
2020$37M$35M / $2M$175.5MForbes: Roger Federer Debuts in Top Spot on Forbes' Annual Ranking of the World's 100 Highest-Paid Athletes
2021$34M$32M / $2M$209.5MForbes: The World's 10 Highest-Paid Athletes 2021
2022$90M$85M / $5M$299.5MForbes: The World's 10 Highest-Paid Athletes 2022
2023$110M$100M / $10M$409.5MForbes: The World's 10 Highest-Paid Athletes 2023
2024$85M$75M / $10M$494.5MForbes: The World's 10 Highest-Paid Athletes 2024
2025$80M$70M / $10M$574.5MForbes: The World's 10 Highest-Paid Athletes 2025
2026$170M$160M / $10M$744.5MForbes: The World's 10 Highest-Paid Athletes 2026

On the field vs off the field

93% on the field · $691M7% off the field · $53.5M

Share of the $744.5M across the Forbes rankings shown in the chart. Calculated by us from Forbes’ own on-field and off-field splits.

Latest year

$170M
total, 12 months to May 2026 (Forbes, May 22, 2026)
$160M
on the field
$10M
off the field

Source: Forbes, The World's 10 Highest-Paid Athletes 2026. Before taxes and agent fees.

Where the money comes from

Fight pursesSaudi Riyadh Season fight dealGas stations and convenience storesDrinks brands (VMC, Yaoca)Promotions company
Career earningsNearly $600 million before taxes, as of December 2023 (Forbes)
Forbes
BusinessesCanelo Energy gas stations, Upper convenience stores, VMC canned cocktails, Yaoca sports drinks, Canelo Promotions; Forbes valued them together at under $50 million in 2023
Forbes

Canelo Álvarez is Mexico's biggest boxing star and has won world titles in four weight classes. He turned professional at 15, won his first world title at 20, and in 2021 became the first boxer to hold all four major super middleweight belts at once. Forbes notes he grew up in rural poverty and once fought for $40.

He is also one of the few athletes with a published net worth estimate. In December 2023, Forbes estimated he was worth at least $275 million, after career earnings of nearly $600 million before taxes.

How he earns his money

Almost all of Álvarez's income comes from fights. In Forbes' yearly figures, fight purses make up roughly nine-tenths of his income or more, with only $1.5 million to $10 million a year from sponsors and business. In 2023 Forbes said he could earn about $1.4 million per minute in a 12-round bout.

His biggest year so far came in Forbes' 2026 ranking: an estimated $170 million, which put him No. 2 in the world. Forbes reports he is midway through a four-fight deal with Turki Alalshikh, the head of Saudi Arabia's Riyadh Season, that is reportedly worth as much as $400 million. That run included a win over William Scull in Riyadh and a loss to Terence Crawford in Las Vegas.

Building a business empire

Outside the ring, Álvarez has been building companies in Mexico. Forbes reported in 2023 that he had opened a chain of five Canelo Energy gas stations and 20 Upper convenience stores in western Mexico, and launched VMC, a tequila-based canned cocktail, and Yaoca, a sports drink and supplement brand.

Forbes was careful about their value: it said the businesses together brought in less than $50 million in revenue and were worth less than $50 million. The headline figure on this page is Forbes' own estimate from December 2023. We have not updated it with later fight money, because taxes and spending since then are not public.

Career and money timeline

  1. 2011

    Wins the WBC light middleweight title at 20.

  2. 2017

    No. 43 on Forbes' highest-paid athletes list, with $28.5 million.

  3. 2019

    No. 4 on the Forbes list with $94 million.

  4. 2021

    Becomes boxing's first undisputed super middleweight champion.

  5. 2023

    Earns $110 million in Forbes' ranking. In December, Forbes estimates his fortune at at least $275 million.

  6. 2026

    No. 2 on the Forbes list with a career-best $170 million.

Canelo Álvarez net worth FAQ

What is Canelo Álvarez's net worth?

Forbes estimated in December 7, 2023 that Canelo Álvarez is worth at least $275 million. That is the most recent published estimate from Forbes that we could find; we do not update it ourselves.

How much does Canelo Álvarez make a year?

Forbes' latest estimate is $170 million (12 months to May 2026 (Forbes, May 22, 2026)): $160 million on the field and $10 million off the field, before taxes and agent fees.

Where do these numbers come from?

The net worth figure is Forbes' own published estimate, linked with its date at the top of the page. The yearly earnings come from Forbes' highest-paid athlete rankings, which cover salary, prize money and bonuses plus endorsements and business income for a 12-month period, before taxes and agent fees. Every figure on this page is linked to its source below.

How much has Canelo Álvarez earned in his career?

Forbes put his career earnings at nearly $600 million before taxes as of December 2023. Since then, Forbes' rankings add $85 million (2024), $80 million (2025) and $170 million (2026), though the 2024 ranking partly overlaps the period before December 2023.

Sources

  1. Forbes, Canelo Álvarez Flexes His Business Muscle (December 7, 2023)
  2. Forbes, Full List: The World's Highest-Paid Athletes 2018 (June 13, 2018)
  3. Forbes, Lionel Messi Claims Top Spot on Forbes' 2019 List of the World's 100 Highest-Paid Athletes (June 11, 2019)
  4. Forbes, Roger Federer Debuts in Top Spot on Forbes' Annual Ranking of the World's 100 Highest-Paid Athletes (May 29, 2020)
  5. Forbes, The World's 10 Highest-Paid Athletes 2021 (May 12, 2021)
  6. Forbes, The World's 10 Highest-Paid Athletes 2022 (May 11, 2022)
  7. Forbes, The World's 10 Highest-Paid Athletes 2023 (May 2, 2023)
  8. Forbes, The World's 10 Highest-Paid Athletes 2024 (May 16, 2024)
  9. Forbes, The World's 10 Highest-Paid Athletes 2025 (May 15, 2025)
  10. Forbes, The World's 10 Highest-Paid Athletes 2026 (May 22, 2026)
  11. Forbes, Full List: The World's Highest-Paid Athletes 2017 (June 15, 2017)
  12. Forbes, World's Highest-Paid Athletes list (full rankings) (May 22, 2026)
  13. Forbes profile, Canelo Álvarez (list appearances and editor's notes) (October 21, 2026)
  14. Background facts: Wikipedia, Canelo Álvarez (accessed October 21, 2026). Used for career facts only, never for money figures.

Photo: Box Azteca, CC BY 3.0, via Wikimedia Commons.

Every number on this page comes from the named source next to it. Totals and percentages are simple sums of those published figures. We never fill in missing years with our own guesses. How we handle estimates.