This athlete falls under the category of “Richest Athletes,” specifically in the field of boxing.
He has a net worth of $30 Thousand and was born on August 10, 1967, making him 56 years old.
He was born in Brooklyn, is male, stands at a height of 6 ft 5 in (1.96 m), and works as a professional boxer.
He holds the nationality of the United States of America.
What is Riddick Bowe’s Net Worth?
Do you happen to know Riddick Bowe’s net worth? Riddick Bowe, a retired American professional boxer, currently has a net worth of $30 thousand. Despite his previous success as a two-time former world heavyweight champion, he has faced financial difficulties in recent years.
After earning a total of $80 million throughout his career and initially retiring with $15 million in savings, all of Riddick’s money had disappeared by 2009. More information regarding Riddick’s financial struggles will be provided later in this article.
Riddick Bowe was born on August 10, 1967, in Brooklyn, New York, as the twelfth child of Dorothy Bowe. He grew up in Brownsville, a tough section of Brooklyn, known for its slums. Tragically, he lost his brother Henry to AIDS and his sister Brenda to stab wounds from a robbery attempt in 1988.
At 17 years old, Bowe made a name for himself as an amateur boxer by knocking out James Smith in a stunning 4 seconds. He pursued his education at Kingsborough Community College, studying drama with hopes of pursuing an acting career alongside boxing.
Additionally, Bowe took up business administration. In 1988, he represented the United States in the Seoul Olympics and won a silver medal. Furthermore, Bowe achieved great success as a boxer, winning four New York Golden Gloves Championships from 1985 to 1988.
Riddick Bowe had an impressive boxing career. He turned pro in 1989 and became a two-time world heavyweight champion. In 1992, Bowe defeated the unbeaten former undisputed heavyweight champion, Evander Holyfield, to win the undisputed WBA, WBC, and IBF titles. He was recognized as the Fighter of the Year by The Ring and the Boxing Writers’ Association of America.
Bowe made the controversial decision to vacate the WBC title instead of defending it against Lennox Lewis in protest, leaving the title fragmented until 1999. He had a rematch with Holyfield in 1993, but narrowly lost the WBA and IBF titles for his only professional defeat.
In 1995, Bowe regained a portion of the world heavyweight championship by defeating Herbie Hide for the WBO title. He became the first fighter in history to hold all four major titles in boxing: WBA, WBC, IBF, and WBO. He vacated the WBO title later that year in order to have a third fight with Holyfield, which he won decisively by knockout, resulting in Holyfield’s first knockout loss.
Bowe also had controversial fights with Andrew Golota in 1996, where both matches ended with low blows by Golota. Bowe eventually retired but made low-key comebacks in 2004 and 2008.
In 2010, Boxing Scene ranked Bowe as the 21st greatest heavyweight of all time. He was welcomed into the International Boxing Hall of Fame in 2015.
Career Earnings & Financial Problems
Riddick Bowe’s career earnings were a staggering $80 million, accumulated through boxing purses, PPV bonuses, and endorsements. Despite this wealth, Riddick faced financial difficulties after retiring for the first time in the late 1990s, with only $15 million in cash remaining.
Unfortunately, he is not alone in experiencing financial troubles after a successful athletic career. By 2009, Riddick’s funds had depleted to the point where he had to attend flea markets and other public events to sell autographs. In a March 2021 interview with VladTV, Riddick alleged that his former manager had stolen $15 million from him.
Riddick married his high-school beloved Judy on April 27, 1988 and they have five children. There were allegations of abuse by Riddick towards both his wife and children, leading to their separation in May of 1998 and Judy filing for a divorce.
Five months after the separation, Bowe was arrested and later convicted of kidnapping his separated wife and children. He served 17 months in a federal prison.
After retiring from boxing, Bowe made the decision to join the United States Marine Corps Reserve as a way to honor his mother and focus on his training.
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