Boxing news: Anthony Joshua and Jake Paul to lose | Boxing News

Anthony Joshua and Jake Paul went head-to-head in a hotly-anticipated showdown at the Kaseya Center in Miami in the early hours of Saturday morning, with the British star finally popping out on top. But the fighters are set to lose a whopping £58million between them following their enormous payday.

Paul, 28, put up a courageous struggle against Joshua as he desperately tried to delay what appeared to be an inevitable end result. But Joshua, 36, finally landed the decisive blow in the sixth spherical after flooring the American twice in the fifth. And Paul subsequently had two titanium plates fitted after his jaw was damaged in two locations during the competition.

Joshua and Paul reportedly shared a prize pot of £137m following their endeavours in the ring, that means each of them pocketed £68.5m. But, according to AceOdds, Joshua will lose £32.5m of his share due to tax causes.

Because the struggle came about on American territory, Joshua is subject to US federal tax at the utmost fee of 37 per cent. And that will outcome in £25.6m heading straight to the IRS.

The Watford-born star will also be required to pay the distinction between his full UK tax obligation and the US tax already accounted for, which implies he pays a additional £5.5m to HMRC. And he pays an further £1.4m in National Insurance contributions.

Meanwhile, Paul – who is a US citizen but resides in Puerto Rico – will only have to pay US federal tax at 37 per cent, which can see him lose £25.6m of his pay packet. Paul will therefore keep £42m of his prize pot, with Joshua retaining £36m of his.

According to CelebrityNetWorth, Joshua has a internet price of £120m, while Paul is said to be price £150m.

But the 2 boxers are a long approach behind Floyd Mayweather in their financial standing, with the 48-year-old American said to be price a staggering £320m.

Mayweather, who retired from boxing in 2017, reportedly earned more than £800m during his profession in the ring.

The star loved an excellent profession as he remained undefeated while claiming 15 major world championships across 5 different weight lessons, overcoming the likes of Manny Pacquiao, Canelo Alvarez, Oscar De La Hoya and Conor McGregor, as effectively as the late Ricky Hatton.

And Mayweather is due to return to the ring next 12 months to take on Mike Tyson in an exhibition, with the struggle set to happen in Africa in March.