Thomas Hearns, an American former professional boxer, has a net worth of $450 thousand. He competed from 1977 to 2006.
Known as “The Hitman,” Hearns achieved the remarkable feat of winning world titles in five different weight divisions:
Welterweight, light middleweight, middleweight, super middleweight, and light heavyweight.
The Ring magazine named him Fighter of the Year in 1980 and 1984, among other accolades.
Thomas Hitman Hearns NetWorth
n 1981, Hearns, with a 32-0 professional record, faced Sugar Ray Leonard and experienced his first professional loss.
However, the fight was lucrative, with Hearns and Sugar Ray earning a combined $17 million, equivalent to $50 million today, making it the largest purse in sports history.
Boxing Career
Hearns embarked on his professional boxing journey in 1977 under the guidance of Emanuel Steward, a renowned boxing trainer.
Known for his formidable punching power and towering stature, Hearns quickly made a name for himself in the boxing world.
His early career saw him dominate the ring, winning his initial 17 professional bouts by way of knockout.
This remarkable achievement catapulted Hearns into the spotlight, establishing him as a rising star in the boxing arena.
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Championship Victories
Throughout his illustrious career, Hearns engaged in a total of 19 world-title contests, showcasing his exceptional skill and resilience in the ring.
Among his numerous accolades, Hearns secured seven world titles and successfully defended nine, solidifying his status as one of boxing’s most formidable champions.
His bouts against esteemed opponents such as José “Pipino” Cuevas, Wilfred Benítez, Virgil Hill, and Roberto Durán are etched in boxing history.
Underscoring his remarkable talent and tenacity.
Financial Milestones
Despite his unparalleled success in the boxing ring, Hearns faced various financial challenges following his retirement from professional boxing.
However, one notable financial milestone in Hearns’ career was his highly anticipated bout against Sugar Ray Leonard in 1981.
Despite suffering his first professional defeat, Hearns and Leonard collectively earned an unprecedented $17 million for the fight.
Marking a significant milestone in sports history.
Financial Ups and Downs
Post-retirement, Hearns encountered financial hurdles, including a substantial tax obligation that led to a 2010 auction of his personal belongings to settle the debt.
However, Hearns emerged resilient from this setback, successfully clearing the tax debt through the auction, which included valuable boxing memorabilia and personal possessions.
This experience underscores Hearns’ determination and resilience in overcoming financial challenges.
Personal Life
Beyond the boxing ring, Hearns leads a fulfilling personal life in Detroit, Michigan, where he resides with his wife Rena and their four children.
In addition to his family commitments, Hearns also serves as a police reservist in the Detroit Police Department, contributing to the safety and well-being of his community.
Moreover, Hearns’ passion for boxing transcends generations, as evidenced by his son Ronald’s pursuit of a career as a professional boxer, carrying on the family legacy in the sport.
Philanthropy
Outside the realm of boxing, Hearns is actively involved in philanthropic endeavors and community initiatives, utilizing his influence and resources to effect positive change.
From supporting youth boxing programs to participating in charitable events.
Hearns remains committed to giving back to his community and making a meaningful difference in the lives of others.
Business ventures
Indeed, Thomas “Hitman” Hearns has diversified his sources of income by venturing into various business domains.
His involvement in real estate development demonstrates a keen eye for lucrative investment opportunities.
Leveraging his financial resources to capitalize on property markets.
Additionally, Hearns’ ownership of restaurants reflects his entrepreneurial spirit.
Tapping into the hospitality industry to generate revenue streams beyond the realm of boxing.
Furthermore, his foray into sports management underscores his strategic approach to business.
Leveraging his expertise and connections within the sports world to facilitate athlete representation and event organization.
Beyond these ventures, Hearns has exhibited astute financial acumen by making wise investments outside of boxing such as:
Establishing a boxing gym and launching his clothing line.
These endeavors not only bolster his overall wealth but also provide him with diversified income streams.
Ensuring financial stability and prosperity beyond his illustrious boxing career.
Real Estate and Cars
Thomas “Hitman” Hearns has made substantial investments in real estate, which have significantly added to his overall wealth.
He has actively participated in real estate development projects and has included properties in his financial portfolio.
While there is limited publicly available information about the specific cars owned by Thomas Hearns, considering his stature as a legendary boxer and his moniker Motor City Cobra.
It’s plausible that he holds an interest in automobiles.