Introduction:
Emanuel Steward was a legendary boxing coach and trainer, who was widely known for his strategic methods and techniques. He helped develop the careers of many professional boxers and is a member of the International Boxing Hall of Fame. Emanuel Steward remained a household name in boxing long after his passing, but how much was he worth by the time he died? Let’s find out in this article.
Early Life and Career:
Born on July 7, 1944, in Bottom Creek, Lewis County, West Virginia, Emanuel Steward had a passion for boxing since he was a young boy. He moved to Detroit in the 1960s and began his career as an amateur boxer. He later turned to coaching and trained his first fighter to a championship title in 1977. Steward went on to train many boxers over the years, including Lennox Lewis, Thomas Hearns, and Wladimir Klitschko.
Net Worth of Emanuel Steward:
At the time of Emanuel Steward’s death, his net worth was estimated to be around $15 million. This amount is the result of his successful career as a boxing trainer and commentator. Apart from working with world-renowned champions, Steward was also known for his successful role as a commentator on HBO’s World Championship Boxing series.
Earnings from Boxing:
Emanuel Steward spent several decades coaching boxers in the sport. He was known for his hard-working and disciplined training style, which helped his fighters win titles. Throughout the years, he earned amounts of money that varied based on the level of the fight. Steward earned around $25,000 per fight, with major fights yielding up to $200,000 or more.
Television Earnings:
Emanuel Steward’s broadcasting career began in the 1980s, where he covered a variety of fights as a commentator and analyst on USA Network. Later on, his work on HBO made him a recognizable name in the world of sports. He earned an estimated $300,000 per year to offer expert commentary for the fights he covered.
Sponsorship and Endorsements:
Apart from his work as a trainer and TV personality, Emanuel Steward also earned money through sponsorship deals and endorsements. He endorsed several products related to boxing and fitness, and he also had a sports supplement line. However, the exact amount he earned from these deals is not clear.
Property:
Emanuel Steward had several properties in different parts of the United States, but his most significant asset was his home in Detroit, where he lived for several years. The home is estimated to be worth approximately $1.5 million.
Investments:
Apart from his income as a TV personality and boxing trainer, Emanuel Steward also made smart investments in businesses outside of boxing. His exact investments are not known, but it is believed that he invested well in stocks and real estate, contributing to his high net worth at the time of his death.
Donations:
Emanuel Steward was known for his philanthropic efforts. He was a co-founder of the Boxing Team, a charitable foundation that was devoted to helping young people in Detroit get involved with boxing and other sports as a means to promote a healthy lifestyle. Despite his tremendous wealth, Steward believed in giving back to the community and donated a significant portion of his income to the charity.
Conclusion:
Emanuel Steward was worth an estimated $15 million at the time of his passing. He earned this money through his successful boxing career, TV work, and smart investments. He also used his wealth to give back to the community and support young people through the Boxing Team foundation.
FAQs:
Q: What was Emanuel Steward’s net worth when he died?
A: Emanuel Steward had an estimated net worth of $15 million at the time of his death.
Q: What was Emanuel Steward’s job?
A: Emanuel Steward was a boxing trainer and commentator.
Q: Who did Emanuel Steward coach?
A: Emanuel Steward coached many boxers, including Lennox Lewis, Thomas Hearns, and Wladimir Klitschko.
Q: What TV shows did Emanuel Steward work on?
A: Emanuel Steward provided commentary and analysis for HBO’s World Championship Boxing series.
Q: Did Emanuel Steward give to charity?
A: Yes, Emanuel Steward co-founded the Boxing Team, a charitable foundation devoted to helping young people in Detroit get involved with boxing and other sports as a means to promote a healthy lifestyle.