Teofimo Lopez Biography: Boxer Teofimo Lopez has made a reputation for himself due to his exceptional ability and success. Lopez made a reputation for himself as a promising lightweight fighter shortly after his birth in Brooklyn, New York, on 30 July 1997.
Teofimo Lopez Biography
| Name: | Teofimo Lopez |
| Salary: | $500,000 + |
| Monthly Income: | $40,000 + |
| Date of Birth: | July 30, 1997 |
| Age: | 25 Yrs |
| Gender: | Male |
| Height: | 5 ft 8 in (173 cm) |
Early Life
Since turning professional in 2016, Teofimo Lopez has turned into a boxer. He has been a professional combatant for the past seven years, and as his career has progressed, so has his income.
Teofimo Lopez, who is only 25 years old, has rapidly risen to become one of the sport’s leading champions in his brief career. At age 23, “The Takeover” has proven himself deserving of his moniker by becoming the undisputed world champion.
Now, 18 months after his lowest point, Lopez is back on top as a world champion in two divisions. On June 10, Lopez stunned the boxing world by defeating Josh Taylor unanimously, despite being labelled as the underdog by the majority of reputable offshore sportsbooks. Check here
Teofimo Lopez’s Net Worth
As of June 2023, Teofimo Lopez has a net worth of $5 million. In recent years, Lopez’s fight purses have increased as he has faced more formidable opponents in pursuit of world title belts in enormous events in cities around the globe.
Lopez is a well-known celebrity in his hometown of New York and has an enormous $5 million net worth. Every time he fights, he generates millions of dollars because he is one of the most recognisable names in American boxing. “The Takeover” is a show in which everyone desires to partake.
As the career of the former undisputed lightweight champion advances, the total of $5 million will almost certainly increase. Given that Lopez is a two-time world champion and has defeated the likes of Vasyl Lomachenko and Josh Taylor, it is possible that $5 million undervalues his worth.
Chris Pratt Biography: Age, History, Family Career, Net Worth
Teofimo Lopez Career
As his career continues, Teofimo Lopez’s fortunes will undoubtedly increase once more. In the world of boxing, he is still a child at the age of 25, so ‘The Takeover’ has many large paydays and nights ahead of him.
According to sportspayouts.com, Lopez’s best contest purse was approximately $3 million after 20 professional boxing bouts. Reports indicate that Lopez earned this amount for his performance against Sandor Martin in their super-lightweight match in December 2022. Despite not competing particularly well, the 25-year-old won a split decision.
Lopez has accrued a fortune in the multimillions of dollars over the course of his professional boxing career as a result of receiving consistent fight purses of $1 million or more. According to sportspayouts.com, ‘The Takeover’ received an estimated $1.5 million for his first world title fight against Vasyl Lomachenko in October 2020.
The victory over ‘Loma’ garnered Lopez the world title and a larger payout for his initial title defence. Teofimo Lopez fought George Kambosos Jr. and received over $2.1 million despite loosing, according to sportspayouts.com. According to reports, this is Lopez’s second-largest paycheck in his professional boxing career.
After suffering his first professional defeat, Teofimo Lopez was promoted to the super-lightweight division and given a pay rise. He made his debut at 140 pounds against Pedro Campa for approximately $1.7 million (sportspayouts.com).
Obviously, Lopez counts heavily on his earnings from prizefighting. While ‘The Takeover’ has secured numerous lucrative endorsement deals outside the ring, he earns the majority of his livelihood by punching people in the face. Lopez’s endorsement agreements will be discussed further down.
The pay of boxers is highly variable, depending on their activity level, the number of bouts they engage in each year, and the purses they earn. The New Yorker is a boxer of world-class who competes approximately twice per year. Therefore, his reported annual salary exceeds $1.75 million.
Teofimo Lopez won an additional substantial sum for his bout against Josh Taylor, in which he became a world champion in two divisions. Lopez battled Josh Taylor on June 10 at Madison Square Garden in New York and reportedly earned at least $1.5 million. The fact that he also won the battle increases the likelihood that the actual number is greater. This suggests that Teofimo Lopez has earned approximately $12.75 million throughout his career.
Although prizefighting is Lopez’s primary source of income, he has many other lucrative sources as well. His numerous lucrative endorsement agreements have contributed significantly to Lopez’s wealth and compensation.
The 25-year-old athlete’s most lucrative endorsement deal is with the beer behemoth Bud Light. Since 2021, when Lopez, also known as “The Takeover,” signed a sponsorship agreement with Bud Light, the company has supported his boxing career.
In addition to his massive contract with Bud Light, Teo’s current list of endorsements includes Essentia Water, Reign Body Fuel, and Manscaped.
Behind all of these sponsors is Teofimo Lopez, who also operates Takeover Promotions Inc. This company was founded with the intention of educating the next generation about financial administration. Lopez is focused on his boxing career, so he is not very involved, but the American has plans to expand into a business.
Forbes reports that Teofimo Lopez earns $100,000 annually from sponsorships and sponsors. Not shabby for a brand ambassador who poses occasionally for photographs.
Overall, Teofimo Lopez’s primary sponsorship agreements contribute unquestionably to his wealth growth. However, the greatest earnings for ‘The Takeover’ come from punching people in the face for a livelihood.
