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Teofimo Lopez is a professional boxer from the United States. He rose to prominence as a result of his former lightweight world champion title, which he won from 2019 to 2021. Teofimo’s loss to George Kambosos in November 2021, which resulted in Teofimo’s loss of his title as world champion, has put him in the spotlight.
Today, in this article, we will look over his overall net worth, earnings, salary, and other business ventures in detail.
Teofimo Lopez’s Early Life
On July 30, 1997, Teofimo Lopez entered the world in New York City. In 2021, he will have reached the age of 24. He was born in the United States to parents who had emigrated from Honduras. Teofimo Lopez Sr. is listed as his father, while his mother’s identity remains unknown.
No information on his high school or college career can be found in any of our sources. His father had hoped that his son would follow in his footsteps and become a professional boxer. Teofimo Lopez‘s father was his trainer from the time he was six years old.
How Did Teofimo Lopez Start His Career?
Teofimo kicked off his career in 2016, when he represented Honduras in the Olympics and made it all the way to the finals. In the Manny Pacquiao vs. Jessie Vargas bout, he was making his professional boxing debut. WBA even ranked him as the eighth best fighter in the world.
He defeated “Masayoshi Nakatani,” the No. 3 player in the world, in a match in 2019. He defeated another great boxer, Vasiliy Lomachenko, in 2020. After defeating George Kambosos Jr. in November 2021, he rose to prominence. As a result of this victory, he is now the world champion. He had just played in the biggest game of his life.
What is the Net Worth of Teofimo Lopez?
As of 2023, It is estimated that Andres Lopez Rivera, aka Teofimo Lopez, has a net worth of $5 million. Teofimo is a professional boxer in the United States. His rise to fame began in 2021, when he was crowned lightweight world champion for the second time.
He won a significant sum of money after beating world champion George Kambosos Jr. After beating Vasiliy Lomachenko, he was awarded a prize of $1.4 million. The boxer has recently stated that he will reside in a house currently under construction in New York City.
His annual salary is reportedly $500,000 as of the year 2023. His boxing career, brand promotions, and collaborations provide the bulk of their income.
Earnings During Teofimo Lopez’s Professional Career
After twenty fights in the professional boxing circuit, Lopez’s greatest fight purse was reportedly about $3 million. Lopez’s career included twenty fights. According to reports, Lopez earned this much money for his performance against Sandor Martin in their super-lightweight match that took place in December of 2022.
With frequent fight purses of over one million dollars, Lopez has amassed a fortune worth several millions of dollars over his boxing career. ‘The Takeover’ reportedly earned an estimated prize of $1.5 million for his first world title fight, which took place in October 2020 against the great Vasyl Lomachenko.
Teofimo Lopez earned almost $2.1 million for his fight against George Kambosos Jr., despite the fact that he was ultimately victorious in the bout. According to reports, Lopez has earned more money with this fight than with any other in his boxing career.
He made his debut at 140 pounds against Pedro Campa and earned approximately $1.7 million as a result of the fight. It is estimated that Lopez made at least $1.5 million for his bout against Josh Taylor, which took place on June 10 at Madison Square Garden in New York City.
In light of this information, we may deduce that Teofimo Lopez has amassed an estimated total career income of somewhere in the neighborhood of $12.75 million. Payouts for the most recent five Lopez boxing fights, broken down as follows:
- Lopez vs Taylor – $1.5 million
- Lopez vs Martin – $3 million
- Lopez vs Campa – $1.7 million
- Lopez vs Kambosos Jr – $2.1 million
- Lopez vs Lomachenko – $1.5 million
Endorsements and Sponsorships of Teofimo Lopez
Even while prize fighting accounts for the overwhelming portion of Lopez’s income, the boxer makes a significant amount of money in other endeavors as well. These extensive endorsement arrangements with companies located outside of the ring contribute significantly to Lopez’s overall earnings and net worth.
The endorsement arrangement that the 25-year-old athlete has with the beer company Bud Light is, as of right now, his most significant one. Back in 2021, “The Takeover” signed a sponsorship agreement with Bud Light, who have been Lopez’s promoters throughout his professional boxing career from that point forward.
Not only does ‘Teo’ make a lot of money off of this massive endorsement contract with Bud Light, but he also presently has endorsement deals with companies such as Essentia Water, Reign Body Fuel, and Manscaped.
When Lopez was younger, he discovered a liking for boxing, and in 2016, as an amateur, he competed for Honduras at the Summer Olympics in Rio de Janeiro. Up until that point, he had racked up a number of victories and amassed a good net worth. It is believed that he has a net worth of 5 million dollars.
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