Known as GGG, Gennady Golovkin is one of the most accomplished and revered fighters in the sport of boxing. In this Gennady Golovkin Net Worth article we’ll put his finances in the spotlight. Boxing is currently experiencing a revival, another golden age, and that means that now is the perfect time to be a world-beating champion like GGG is.
He has collected a small fortune in fight purses from some of the biggest Pay-Per-View fights in his division. But he has also secured lots of additional income from advertisements and other income streams, making him one of the highest paid fighters in the sport.
Gennady Golovkin Net Worth = $15 Million+ (Estimated)
Above you’ll see an estimation of Gennady Golovkin’s net worth, but keep reading to learn where this money comes from and what he has done to earn such a pretty penny.
How Does Gennady Golovkin Earn his Money?
Most of the Gennady Golovkin net worth calculated above comes from boxing purses, which are described in more detail below. When a fight is arranged the two parties sit down and discuss a venue as well as a pot. This is the money that is essentially used to lure the two into the fight, rewarding them for the money the fight will generate via sponsorship, ticket sales and other revenue streams.
The bigger the fight, the more money this is. It regularly passes $1 million for big fighters like Gennady Golovkin, but it can be considerably higher than this. If your fight is being shown on Pay-Per-View then the fighters will also earn a cut of the sales. This is why you will see many fighters actively promoting their fight and why they go to great efforts to cause controversy.
One of the interesting and strange things about boxing is that non title fights can generate much more money than title fights. It all depends on the following that the fighters have, on the pre-fight interest that has been generated and on the amount of fans that are willing to pay to see them. That’s why fights like David Haye vs Tony Bellew—neither of which were champions in their devision at the time, with Haye not fighting a credible ropey for years—were able to generate much higher purses than many title fights fought by Gennady Golovkin and other champs.
How Much Does Gennady Golovkin Earn From his Fights? = $10 Million +
Gennady Golovkin has not been a big PPV attraction simply because many of the big name fighters in the US, UK and other major boxing countries have avoided him. He has had a few PPV fights, but these haven’t attracted big numbers. Against Lemieux in 2015 there were just 150,000 purchases. There were a similar amount buying the PPV in 2017 when he fought Jacobs.
One of his biggest fights to date came when he fought Kell Brook. The hype that surrounded this fight helped to push the numbers up. Brook had jumped up the weights, he was undefeated and he was billed as one of the few fighters willing to standup against the Kazakh. There were half a million buys, many more viewers and they both earned a pretty penny for their efforts, with GGG being the one to walk away undefeated.
It’s not just the PPV fights that have earned him big money though. He was said to have earned $2 million for a victory against Dominic Wade and just under $1 million against Rubio. Simply put, even the fights that weren’t headliners and weren’t all that difficult for him, still earned him sizable pot.
Gennady Golovkin: Merchandise and Apparel Earnings = Up To $200,000 (Estimated)
Merchandise is a fairly new thing for boxers. It has always been there to an extent, but it’s not something that the general public has really expressed an interest in. This is beginning to change, as merchandise is huge these days, but it’s not really a big deal for Gennady Golovkin. That’s because the biggest markets are in the United States, the United Kingdom and other developed nations where boxing is big.
People in these countries want to wear the merchandise of their favorite stars. So, they buy gear from Anthony Joshua, Deontay Wilder, Floyd Mayweather and the stars of the sport on both sides of the Atlantic. Gennady Golovkin has a following in his own country and he has developed one outside of it, but his merchandising has probably not made him much money in the grand scheme of things.
Gennady Golovkin Net Worth: What Does the Future Hold
Gennady Golovkin was once seen as an unstoppable force, but he has since been shaken. In 2017, Kell Brook gave him a few surprises, before eventually suffering a shock caused by that powerful GGG right hook. In the same year he fought Jacob, who many thought would give him a hard time, before the Kazakh would eventually knock him to the canvas.
As it happens, Jacobs took him he distance and many viewers thought that he had won, only for the judges to give it to Gennady Golovkin. That caused a lot of controversy, but this time controversy didn’t do the fighter any favors. He is no longer perceived as indestructible and while some fans have lost interest as a result, many fighters are now lining up. They are willing to fight him now, even though they have refused to do so in the past.
At the time of writing he is just weeks away from fight Canelo, who will give him a good run for his money. It should be the biggest fight of both of their careers and it will likely earn them a lot of money. If he loses, then it’s difficult to see Gennady Golovkin going on to earn a lot more money. If he wins, however, then there will be likely be several more big fights lined up and many more million to earn.
Whatever happens, will go down as one of the best pound for pound fighters ever. But because of the nature of the spot, he will not retire as one of the richest and there will be many fighters who are nowhere near as successful, accomplished or as talented retiring with considerably more money than he has.
Stay tuned for more net worth articles and checkout this interesting piece on how to calculate your own net worth.