Sugar Ray Leonard Net Worth: How Did He Get So Popular and How Did He Make His Money?

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sugar ray leonard net worth

Sugar Ray Leonard’s net worth was around $120 million as of July 2022. American former professional boxer Sugar Ray Leonard is also a motivational speaker, occasional actor, and native of North Carolina. One of the best boxers of all time is Leonard, according to many. He was a member of “The Fabulous Four,” a boxing team that competed against one another in the 1980s.

Early Years

In Wilmington, North Carolina, on May 17, 1956, Ray Charles Leonard was born. Ray, who was raised with his six siblings, moved to Washington, D.C. when he was just three years old. After the well-known musician Ray Charles, his mother gave him the name Ray.

When Ray was ten years old, the family eventually made Palmer Park, Maryland their home. Ray gained a reputation as a bashful kid while in high school. Leonard liked to play with his dog and read comic books at home rather than go out and play with other kids.

He was a model student as well, and his mother subsequently said that she never had to visit Ray’s school to learn about any possible problems.

Career

In order to follow in the footsteps of his elder brother Roger, Ray began boxing for the first time in 1969. After having a rough start, Leonard competed in the Eastern Olympic Trials while lying about his age, much like Sugar Ray Robinson had done many years previously.

Even though Ray only advanced to the semifinals, the Olympic Team assistant coach took notice of him and described him as “sweet as candy.” When two and two were added together, Leonard was dubbed “Sugar Ray.”

sugar ray leonard net worth

Leonard won the National Golden Gloves Lightweight Championship and the Light Welterweight Championship by the time his amateur career was up. Additionally, he was selected for the American Olympic Team.

He represented the United States as the light welterweight and won the gold medal in 1976. Leonard stated that he had experienced sexual molestation as a youngster in an autobiography that he released a very long time afterward.

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He acknowledged that he had experienced abuse from two distinct guys in his 2011 book. One was a trainer for the Olympics, while the other was a generous donor. Since then, he has branded himself the “poster kid” for child molesting, aggressively urging other victims to come forward and expose their abuse.

Relationships

Sugar Ray Leonard wed Juanita Wilkinson, his boyhood sweetheart, in 1980. They already had a six-year-old boy since they had been together for many years previously. Wilkinson and Leonard brought a new baby into the world in 1984.

The couple divorced in 1990. As a result of the legal processes, significant information concerning their connection was made public. Ray allegedly used cocaine and alcohol, according to Juanita. She added that Ray had assaulted her physically while inebriated.

sugar ray leonard net worth

Leonard subsequently said that he had begun taking cocaine because he had missed the excitement of competing at the top level. Leonard acknowledged that these allegations were genuine. But he insisted that the breakdown of the relationship was not due to his substance addiction problems.

Life Story of Sugar Ray Leonard

On May 17, 1956, Sugar Ray was born in North Carolina. When he was just 3 years old, his family relocated from North Carolina to Washington, DC. After 7 years, he traveled to Maryland in search of work because his family was struggling with poverty back home.

He acquired his boxing skills here, where he also rose to fame. Because of his potential, a boxing coach began instructing him for free. He had been drawing attention to himself since he was a little boy, but he lacked the funds to pay for a skilled trainer.

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Because he won the Golden Gloves tournament the same year, practically everyone in America was aware of his skill by 1973.

Following The Kardashians

Khloe Kardashian’s godfather is Sugar Ray Leonard. He frequently appears on the reality TV program “Keeping Up With The Kardashians” as a result of this.

A Media Presence

As a boxing analyst, Leonard has worked for ABC, CBS, NBC, ESPN, HBO, and EPIX. His association with HBO lasted for almost ten years. It came to an end in 1990 when HBO was denied the chance to submit a bid for the televised rights to Leonard vs. Terry Norris.
HBO argued that if they couldn’t bid on his fights, Leonard shouldn’t stay with them any longer. “There never has been a relationship between his broadcasting and his fighting,” Leonard’s attorney Mike Trainer claimed. With regard to commercial endorsements, Leonard has worked with brands like Coca-Cola, EA Sports, Ford, Nabisco, Revlon, and 7 Up.
His most well-known advertisement was a 7 Up one he produced in the early 1980s with his son Ray Jr., Roberto Durán, and Durán’s son Roberto Jr. Leonard is one of the most in-demand motivational and inspiring speakers available today.
His lecture, “Power” (Prepare, Overcome, and Win Every Round), is frequently scheduled by significant Fortune 500 firms both domestically and overseas.

How Did Sugar Ray Leonard Get So Popular and How Did He Make His Money?

A legendary boxer and television host with a net worth of 120 million dollars is Sugar Ray. He makes money and wins a lot of fights in his professional career. In a similar vein, he earns money via television and rises to prominence as a TV host.

sugar ray leonard net worth

He first met Juanita Wilkinson in high school in 1973, and they eventually became romantically involved. She became pregnant and is eager to have a kid. They intend to get married and enjoy life after the 1976 Olympic Games.

His son, Roy Jr., was born in 1980 after he wed Juanita Wilkinson. Similar to Danny Garcia, Andre Berto decided at a young age to become the most well-known and wealthy fighter in the world, which led to their success.

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His wife claimed and granted the separation because he uses narcotics and consumes alcohol. Now, he wed Paul Rubi once again in 1993. He met Luis “The Bull” Vega in the first bout in Baltimore in 1977 and won. With the money he received from the title, he was able to resolve his financial issues at home.

Actual Estate

Sugar Ray Leonard invested $7 million in a house in the Pacific Palisades neighborhood of Los Angeles in June 1993. That is equivalent to almost $14 million in today’s dollars after inflation. He put the house up for sale in July 2019 with a startling $52 million asking price. The main home, which is on the two-acre plot, has a square footage of around 17,000 square feet. The property also has a tennis court, putting green, a swimming pool, and a two-story guesthouse.

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