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How Vitali Klitschko Achieved a Net Worth of $65 Million

Vitali Klitschko

Vitali Klitschko is a professional boxer in the heavyweight class from Ukraine. He's a member of a family of pro boxers who has done remarkably well in their careers. He's well-known for his ability to throw a devastating punch to his opponents which have earned him the nickname "Dr. Ironfist." We were interested in learning more about this athlete and we discovered that he has earned a significant amount of money throughout his career. Not all pro boxers become rich through the sport, but Klitschko has an estimated net worth of $65 million as of July of 2019. Did he make his fortune through boxing alone or did he get so rich through other investment strategies? We investigated his successful career in the arena and here is what we found.

Net Worth$65 Million
NameVitaly Vladimirovich Klitschko
BornBelovodskoye, Kirghiz SSR, Soviet Union
Birth DateJuly 19, 1971
Source of WealthUkrainian Politician and Former Professional Boxer

Vitali's early life

Klitschko didn't start his career as a heavyweight boxer. He actually began as an amateur contender in the sport of kickboxing. He developed his skills in the sport and then advanced from amateur status to professional before he switched over to heavyweight boxing. He earned his place in the ring at the 1995 World Military Games which were held in Italy, where he won the Superheavyweight competition, then he won Silver at Berlin's World Amateur Boxing Championships later that year. This was a turning point in Vitali's boxing career. His career has been gaining momentum ever since, and he achieved the WBC title, and he held his ground by defeating Tomasz Adamek, winning with a TKO.

What makes Vitali such a boxing phenomenon?

Klitschko is truly a phenomenon in the ring. Out of all of the matches that he's competed in, he's only lost two of them and this was because of an injury that he sustained which impeded his performance. He's a boxer who can take a punch to the chin and keep on fighting. His toughness is one of the strengths that he possesses and he's hard to take down. Another attribute of this boxer is that he can deliver hard punches which are packed with power, thus earning him the nickname Dr. Ironfist. He has a boxing style that is based upon rugged toughness and he simply doesn't lose very often unless there is an outstanding factor that gets in his way, such as the injuries he received in the ring years ago.

His accomplishments in the ring

Vitali Klitschko achieved the status of becoming the third-ranking boxer to hold titles in world combined boxing championships. This was quite a feat. He is a three-time world heavyweight champion as well as being ranked as second in holding his WBC boxing title championship status in the history of the sport. During his career, he maintained a knockout percentage for just over 87 percent of his matches, which is a significantly high statistic, lending credence to the nickname earned for his delivery of power-packed punches. Interestingly, Vitali has not been knocked down in a match by any boxer during his career in the sport. He's steady on his feet in the ring.

His career after a professional heavyweight boxing

Vitali is listed as one of the top twenty richest boxers in the world. He earned a fortune from the prize money and various purses throughout his boxing career, but he turned his focus to other passions in his life and has left the ring for a new career. Vitali Klitschko entered the political arena, which again, requires toughness, but in a much different way and with a lot more diplomacy. Currently, he is the mayor of Kyiv and he also serves on the Kyiv City State Administration as the head. He has also served as a leader for the Ukrainian Democratic Alliance for Reform and has held several elected positions.

Big changes in his professional life

Vitali Klitschko has made a lot of big changes in his life, which shows the world that he is versatile and adaptable. He started out as a kickboxer who turned heavyweight boxer, earning three major titles and hanging onto them for near record-breaking periods of time. Although there are similarities in professional boxing and politics, because you must be tough to enter both arenas, you have to be able to deliver a punch and to take one without buckling, it's a completely different world where brawn is set aside and the ability to use the brain and strategize comes to the fore. Vitali has sharp concentration and strategizing skills as he's also an avid chess player. He has the capacity to think ahead to what his next move will be while anticipating the moves of his opponents early in the game, and this is a skill that comes in handy in the volatile political realm in which he operates currently.

Final thoughts

Vitali Klitschko is a versatile guy who has done a lot in his life. It's fairly obvious that he earned the bulk of his fortune and net wealth during his time in the ring as a professional heavyweight boxer, and his record of wins stands for itself. After achieving an impressive record of wins in the ring, he turned to another passion in his life, and this is in the area of politics. He's still recognized for his boxing accomplishments and listed as one of the 20 wealthiest boxers in the world, but Vitali is no longer boxing professionally. He's busy tackling matters within his city government and doing what he can for the people that he serves in his home city in Ukraine. We've probably seen the last of him in the professional boxing circuit, but he's out fighting other important battles which he is hopeful will improve the lives of his fellow man. Vitali is to be applauded for all of his amazing accomplishments and we all wish him well in his endeavors to make a difference in the city that he calls home.

Garrett Parker

Written by Garrett Parker

Garrett by trade is a personal finance freelance writer and journalist. With over 10 years experience he's covered businesses, CEOs, and investments. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world.

Read more posts by Garrett Parker

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