Al Haymon is an American boxing advisor. Starting his career in music and TV industry he went into boxing, managing and promoting celebrity boxers and handling all their matters relating to fighting behind the curtains while the boxers focused on their fights. He represented more than 200 boxers in his career and twice won Manager of the Year Award. Now let’s see how much he earns and what is his net worth in 2018.
Al Haymon was born on April 12, 1955. He grew up in Cleveland. His schooling was from John Adams High School in 1973 from where he graduated. His father was a clergyman and his mother an accountant of whom Al Haymon said that she was his role-model, as she built a small business into a successful venture.
Al Haymon was a bright student and attended Harvard from where he majored in Economics in 1977 and later completed his M.B.A in 1980.
Al Haymon, from his school days, was active in cultural activities. He was promoting Afro-American cultural center and promoted his first concert in the year 1976 during his junior year in Harvard.
He started with promoting Jazz artists who weren’t in the big league. With the help of his mother he gradually built his concert promotion business. He created a dozen companies to look after every part of live concert promotion. He promoted many celebrities like Whitney Houston, Janet Jackson, and M.C. Hammer, promoting over 500 shows and grossing 60 million dollars.
In 1996 he sold his concert promotion business to pursue boxing promotion. He conducted his boxing promotion business through some corporate entities, each assigned a specific function to coordinate the event. Al Haymon developed his business, collaborating with HBO’s Kerry Davis. He managed to get lucrative deals for his boxers even when they were not equal to their opponents in the arena.
The first fighter Al Haymon managed was Vernon Forrest. It is a long way from these early days to where he stands today. He worked with six to seven promoters with whom he had strict business relations and with none, long-term contracts.
Floyd and Mayweather became a superstar boxer whom Al Haymon promoted. He bought prime time slots on NBC sports network, CBC, Bounce TV, ESPN, and Showtime. At his prime, he was promoting more than 200 boxers. On March 10, 2015, Warriors Boxing, a Haymon stand-in, won a bid for IBF 168 pound title fight between James De Gale and Andre Dirrell for much more than 3.1 million dollars, the market bid.
Al Haymon charges 10 to 15% of a fighter’s purse as his fee. His key to success is to put fighter’s interest first and is widely regarded as a pro-fighter manager.
Awards and Achievements
Al Haymon won Al Buck Award-Manager of the year-from boxing association of America twice. His landmark achievement is getting celebrity boxers like Floyd and Mayweather lucrative deals for their fights. One of the contracts fetched 750000 dollars for Mayweather when he commented ‘If I would have Al Haymon from the beginning I probably would be a millionaire right now.’
Al Haymon managed more than 200 celebrity boxers and arranged to place many of these fights in prime time TV slots.
Net Worth of Al Haymon
Al Haymon net worth is estimated about $15 million. He left music promotion, also managed quite successfully by him and went into boxing. He manages and promotes boxers as an organised and efficient business venture. Many people and organisations coordinate to achieve positive results for a complex venture of a professional boxing fight.
He is ranked fifth richest in the top 5 richest boxing promoters according to Gazette Review.
Al Haymon was exceptionally good in academics and was equally outstanding in his Boxing managing and promoting profession. An elusive publicity shy person he is nevertheless a businessman with a keen sense of mechanics involving a successful fight.
He has organised and will continue to do so big boxing fights that are a win-win proposition for all stakeholders including spectators but mainly the fighters themselves.