Oscar De La Hoya ‘ ‘The Golden Boy’ of professional boxing has gone onto become one of the successful entrepreneur since bidding farewell to the ring. After retiring from the sport, he opened up Golden Boy Promotions which is country’s first Hispanic-owned national boxing promotional company which promotes fights that air on networks like HBO and Showtime.
We look into some interesting facts of the company opened by the legendary boxer
De La Hoya was the highest-paid athlete in boxing when he hung up his gloves, according to the Los Angeles Times. Forbes estimates he earned $510 million over the course of his career.
He has a net worth of $200 million. He had a stellar career inside the ring winning a gold medal at the 1992 Olympics at the age of 19 and went on to win 10 world titles in six different weight classes.
In 2007, in its fifth year of promoting, Golden Boy Promotions set a record by selling over 2.5 million in pay-per-view homes in a single night. In the same year, Golden Boy Promotions established the record for highest grossing pay-per-view homes in a single year with more than 4 million total.
In 2009, the company broke records again by breaking the million mark in pay-per-view homes again with the return of Floyd Mayweather against Juan Manuel Marquez.
Golden Boy Enterprises has a diverse portfolio of investments including ownership in several Spanish-language newspapers in major markets throughout the U.S., and select investments in a number of consumer products.
The company holds a 25 per cent interest in the Houston Dynamos soccer team and also acquired The Ring magazine. The promotion produces bi-monthly boxing cards on Estrella TV.
Golden Boy Promotions currently has over 60 fighters under contract, from future hall of famers Bernard Hopkins, Sugar Shane Mosley and Juan Manuel Marquez to current world champions and superstars Ricky Hatton, Amir Khan, David Haye, Marcos Maidana, Israel Vazquez and Chris John.