Amir Khan is a professional boxer who has accumulated a staggering $30 million in net worth over his career. Many people might wonder how he has gained such a fortune. If you are one of them, continue reading to learn how he has become one of the richest boxers alive today. In addition to being a professional boxer from the United Kingdom, he has been able to earn money from other endeavors as well. Most notably, he was a champion in the light-welterweight division from 2009 to 2012. He did not stop there, as, from the years of 2014 to 2016, he was able to hold on to the WBC Silver Welterweight title. When he was 17 years old, Kahn held the distinction of becoming the youngest Olympic medalist in British history. Now that you have the basics, let’s dive in a bit more into the person of Amir Khan and how he became so wealthy today.
Amir Khan is of Pakistani descent but is a British nation. He was born in Bolton and developed a passion for boxing at an early age. This would turn him into the youngest medalist at the Summer Olympic Games that Britain has ever had. He won the silver in Athens back in 2004. At the time, he was only 17 years of age. From there, he would go onto even bigger pursuits. Fresh off his success in the Olympic Games, he would go to Los Angeles to be trained by the Freddie Roach. By the time was 22 years of age, he had already won his first WBA light welterweight title. By this time, he has signed up with a business partner in the form of Golden Boy Promotions. This would be the beginning of his fortune that he has amassed to date. In addition to Golden Boy Promotions, Khan has signed up with Home Box Office. His function there is to have his flights television on the international network. In so doing, he understandably gets a considerable cut of the proceeds. As soon as he signed that deal, he was getting more than $1.6 million for every fight that he took part in. This was in addition to his share of the television rights that he had negotiated.
Giving is Receiving
Part of Khan’s philosophy is to give back to the community. He would return to his roots in Bolton by investing $1.6 million in the Gloves Community Center. This is something that he believes strongly in. This would also end up keeping his name in the center of the limelight, attracting more opponents and even more money. He has been a shrewd investor and demonstrated from an early age that he knew how to manage his winnings and attract endorsement contracts. Khan has also benefited from solid management and professional advice. This has also encouraged him to not slow down, but to continue working towards accumulating more wealth.
Some Notable Fights
As you can guess, much of Khan’s money comes from the various fights that he has had over the years. Let’s first go back to July of 2009. This is when he was able to finally move up to the light welterweight division. He would end up fighting Andreas Kotelnik at the MEN Arena. This would be in Manchester and it would be for the world title. The fight would go the distance and Khan would be declared the unanimous winner with more than 10,000 people watching live. This would make his the third youngest British boxer to actually win the title. This would catapult to even great pursuits.
It was in October of 2009 that Khan defended with the light welterweight title. This time it would be against an undefeated boxer by the name of Dmitry Salita. It would take place at the Metro Radio Arena in Newcastle. The fight would not last long at all, with Khan delivering a TKO only 76 seconds into the first round. The first of three knockouts actually came only ten seconds into the fight. It was not long after this fight that Khan would announce that he was splitting from this British promoter at the time, Frank Warren. Instead, he signed a new deal with Oscar De La Hoya, which would bring him to Golden Boy Promotions. This would get him the television rights that really added to his net worth.
Some Notable Promoters and Sponsors
Professional boxers must work hard to protect their wealth. They do not have a collective bargaining agreement in place, nor do they have the typical contract protections that athletes playing a team sport largely enjoy today. Instead, boxers rely largely on a network of promoters and sponsors to get them the money that they are worth. To this end, Khan has done very well.
Because of his international success, Khan has gone out on his own and created Khan Promotions. He is the CEO of this boxing promotion company and it is how he is continuing to add to his wealth even as he continues to box. He has also formed the Amir Khan Academy. This is a boxing school that is meant to produced boxing champions from Pakistan. It is actually located in Islamabad and was formed initially to train amateur boxers from Pakistan to get ready for the 2018 Asian Games that was held in Indonesia.
Beyond these endeavors, Khan became the co-owner of the Super Fight League in India back in 2016. This would lead to the first MMA league in India, which is team-based. Events are expected to be held in America, Canada, Dubai, and India. This has the potential to continue to add to his net worth, as there is the potential for 67 events that will be televised live, and there will be more than 100 million viewers tuning in. That explains how Amir Khan has accumulated a net worth of $30 million. He has worked hard. In addition, he is young, so expect that wealth to continue to grow in the coming years.