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Introduction
Fernando Vargas, also known as “El Feroz,” is a retired American boxer who is widely regarded as one of the most talented fighters of his generation. Vargas was born on December 7, 1977, in Oxnard, California, and started boxing at the age of six. He turned professional at the age of 18 and quickly made a name for himself in the boxing world. In this article, we will take a closer look at Fernando Vargas’ net worth in 2023 and how he amassed his wealth.
Early Life and Career
Fernando Vargas grew up in a tough neighborhood in Oxnard, California. He started boxing at a young age, and by the time he was a teenager, he had already won several amateur titles. In 1992, he represented the United States at the Junior Olympics and won a gold medal in the light welterweight division. In 1995, Vargas turned professional and quickly rose through the ranks. He won his first 18 fights, including a victory over former world champion Raúl Márquez. In 1998, he won the IBF light middleweight title by defeating Yory Boy Campas in a thrilling fight.
Peak of His Career
By 2000, Fernando Vargas had become one of the hottest prospects in boxing. He had a record of 20-0, with 18 knockouts, and was seen as a future superstar. In 2001, he fought Felix Trinidad in a highly anticipated fight for the undisputed welterweight championship. The fight was a classic, with both fighters trading blows in a back-and-forth battle. In the end, Trinidad emerged victorious, but Vargas had earned the respect of the boxing world. He continued to fight at the highest level, taking on the likes of Oscar De La Hoya and Shane Mosley.
Retirement and Business Ventures
Fernando Vargas retired from boxing in 2007 with a record of 26-5, with 22 knockouts. After retiring, he focused on his business ventures, including a clothing line and a boxing gym. He also appeared on several reality TV shows, including “Dancing with the Stars” and “Celebrity Apprentice.”
Fernando Vargas Net Worth in 2023
As of 2023, Fernando Vargas’ net worth is estimated to be around $10 million. He made most of his money from his boxing career, but he has also earned a significant amount from his business ventures and TV appearances.
Boxing Earnings
Fernando Vargas earned millions of dollars during his boxing career. His biggest payday came in his fight against Oscar De La Hoya in 2002, where he earned a purse of $4 million. He also earned a significant amount from his fights against Felix Trinidad and Shane Mosley.
Business Ventures
Fernando Vargas has been successful in his post-boxing career, thanks to his business ventures. He launched a clothing line called “El Feroz” and a boxing gym in Las Vegas. He has also invested in real estate, which has contributed to his net worth.
TV Appearances
Fernando Vargas has appeared on several reality TV shows, including “Dancing with the Stars” and “Celebrity Apprentice.” While it’s unclear how much he earned from these appearances, they likely contributed to his net worth.
Personal Life
Fernando Vargas has been married twice and has five children. He has been open about his struggles with alcohol and drug addiction, which he says were a result of the pressures of fame and success. He has since gotten sober and has become an advocate for addiction recovery.
Conclusion
Fernando Vargas is a boxing legend who has had a successful career both in and out of the ring. He has earned millions of dollars from his boxing career, business ventures, and TV appearances, and his net worth in 2023 is estimated to be around $10 million. Despite his struggles with addiction, Vargas has become a role model for others who are struggling with similar issues.
