On May 3, 2025, Saúl Canelo Álvarez not only reaffirmed his dominance in boxing by once again becoming undisputed super middleweight champion, but also received unprecedented recognition: a pure gold belt, considered the most expensive in the history of professional boxing.
The Mexican boxer’s fortune is growing and growing, not only because of his fights but also because of his business and he is reaffirming that Canelo knows how to make pure gold and now they are saying how much his new belt costs.
A pure gold belt: a symbol of excellence
After defeating Cuban William Scull in Riyadh, Saudi Arabia, Canelo was awarded the Ring Championship belt by the prestigious magazine The Ring.
This belt, made entirely of 24-karat gold, is valued at approximately one million dollars, or about 19.6 million Mexican pesos.
It is a unique piece that only the top champions of each category wear.
The historic fight in Saudi Arabia
The fight against Scull marked the first time Canelo fought outside of the Americas.
With this victory, he added the International Boxing Federation (IBF) title to those he already held from the World Boxing Association (WBA), World Boxing Council (WBC) and World Boxing Organization (WBO), consolidating his position as undisputed 168-pound champion.
A million-dollar contract and Canelo’s future
The bout was the first of a five-fight deal signed with Saudi promoter Turki Alalshikh, for which Canelo will receive $80 million for each fight, totaling $400 million at the end of the contract.
This agreement positions the Mexican boxer as one of the highest paid athletes in the world.
The victory against Scull gave Canelo a new world title and his fortune continues to grow
Relevance to the Hispanic community in the U.S.
Buzzy
For the Hispanic community in the United States, Canelo’s accomplishments represent a source of pride and an example of perseverance.
Their success transcends sports, inspiring millions to achieve their goals and keep their cultural roots alive.
In short, the new pure gold belt received by Canelo Alvarez not only symbolizes his supremacy in boxing, but also highlights his cultural and economic impact in the global sports arena.
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