Business · Companies · 4 hrs ago
Canelo Álvarez has built a business portfolio beyond boxing
Saúl “Canelo” Álvarez has expanded into businesses beyond boxing as he looks to build income outside the ring.
In 2020, he left Golden Boy Promotions and created Canelo Promotions to manage his career and make decisions about his fights.
His other ventures include convenience stores and gas stations mainly in Jalisco, drinks, real estate, hotels, restaurants, a fitness app and a clothing store.
He also co-owns a taquería in San Diego with his brother Ricardo.
The businesses span several industries, including sports, food, retail and property.
His fortune is estimated at $275 million to $300 million, while his earnings from major fights are separately estimated at about $730 million.
Saúl “Canelo” Álvarez has built a portfolio of businesses alongside his boxing career.
The businesses include convenience stores, gas stations, drinks, sports supplements, investments, a training app and a clothing store.
In 2020, he took control of his career, split from Golden Boy Promotions and created Canelo Promotions.
The article says he diversified because he knows a boxing career does not last forever.
His businesses are mainly in Jalisco, while a restaurant he co-owns with his brother is in San Diego.
- Who
- Saúl “Canelo” Álvarez, a Mexican boxer and businessman.
- What
- He has built a portfolio of businesses beyond boxing, including a boxing promotion company and ventures in retail, drinks, investments and fitness.
- When
- He took control of his career and created Canelo Promotions in 2020.
- Where
- The article says his convenience stores and gas stations are mainly in Jalisco; his restaurant with his brother is in San Diego.
- Why
- He says boxing does not last forever and that diversification is key to maintaining his lifestyle.
This story does not have two clearly opposing sides.
Álvarez split from Golden Boy Promotions, took control of his career and created Canelo Promotions.
Grupo Orlegi began looking for new owners for Atlas to meet the requirement to end multiple ownership in Mexican football.
- Canelo Promotions
- Created in 2020
- Upper and Canelo Energy
- Convenience stores and gas stations, mainly in Jalisco
- VMC Drinks
- Prepared alcoholic drinks based on tequila
- Yaoca
- Sports hydration drinks and supplements
- SSA Capitales
- Investments in real estate, hotels and restaurants
- Taquería El Pastor del Rica
- Co-owned with his brother Ricardo; located in San Diego
What people are saying
Now I know that I have also achieved other kinds of things, and that makes me feel very proud.