Anthony Joshua has unbelievable net worth despite | Boxing News

Despite a resounding victory over Jake Paul, Anthony Joshua is set to lose almost half of his whole prize money from their profitable heavyweight match. The former world champion knocked out the YouTuber-turned-boxer in the sixth spherical at Miami on Saturday, leaving his youthful rival sprawled on the canvas with a double damaged jaw. The bout, solely streamed on Netflix, noticed the pair break up an astounding £140million purse.

It equated to over £4m each for every minute they battled within the ropes. Joshua, however, could have to relinquish a good portion of his earnings due to stringent obligations to both American and British tax authorities. He can be required to pay 37 per cent of his prize money to the IRS as the battle occurred on American soil, making the payday subject to US income tax at the utmost fee.

Joshua, also recognized as ‘AJ’, will also need to cowl the distinction between what he owes in the UK and the tax already paid in the US, ensuing in £5.5m going into HMRC‘s coffers.

Additionally, the 36-year-old could have to fork out another £1.4m in national insurance coverage contributions. In whole, this leaves Joshua with a £38m windfall from the battle with £32m being deducted from his unique pot in tax.

Despite this, he maintains that he is not in it for the money.

“It’s not even my biggest payday, it’s not about money,” he said afterwards. “For me it was more about the opportunity. I had to showcase my skills.”

Even with a high tax fee, Joshua is way from cash-strapped.

The Sunday Times Rich List estimates his net worth at over £195m, thanks to earnings from earlier fights and quite a few profitable sponsorship offers with main manufacturers, as nicely as a thriving property empire.

Joshua has collected 29 wins throughout his skilled profession, including notable victories over Wladimir Klitschko and Dillian Whyte. Some of these bouts have been notably profitable, with an estimated £200m earned from just 10 of Joshua’s highest-paying matches.

Notable paydays embrace £54m from his rematch against undisputed world heavyweight champion Oleksandr Usyk and £36m from his second bout with Andy Ruiz Jr in 2019.

Joshua also income handsomely from endorsements with firms such as Under Armour, Lucozade, Jaguar Land Rover and Hugo Boss.

His own company, 258 Group, manages London properties valued at around £75m. Joshua himself owns a choice of luxurious properties, including a huge £40m residence in his home county of Hertfordshire.