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Monday, June 13, 2016
Ali's family to spar over his $50million fortune:
Ali's family to spar over his $50million fortune: Fourth wife Lonnie will act as executor as his NINE children, exes and brother prepare to enter the ring for a slice of inheritance
- Muhammad Ali died aged 74 at a hospital outside Phoenix, Arizona, after a 32-year battle with Parkinson's
- It's been reported that his wife Lonnie will act as executor of his will
- Three-time heavyweight world champ earned millions of dollars from his historic fights including 'Thrilla in Manila' and 'Rumble in the Jungle'
- Ali retained a 20 percent interest in a company that licensed his name and images for usage
- His name had generated between $4million and $7million annually from roughly 2001 to 2006, through deals with Electronic Arts and Adidas
- He was last estimated to have a net worth of $50million by Forbes
- See more Muhammad Ali news at www.dailymail.co.uk/muhammadali
With the death of the greatest sportsman of the 20th century, Muhammad Ali leaves behind a vast estate that will likely be split among Muhammad Ali's children and devoted wife.
The boxing legend who died Friday is survived by his fourth wife, Lonnie, whom he married in 1986, and his nine children, including seven girls and two boys and a brother named Rahaman Ali.
The Kentucky native had achieved much success throughout his incredible decades long boxing career.
Plus, his support and philanthropy for charities outside of the ring made him a one of a kind man.
A Forbes article estimates that he had a net worth of at least $50million. It's been reported that his wife Lonnie will act as executor of his will, while his former wives, children and even his brother could join the fight over his legacy and earnings.
Ali earned his biggest payday inside the ring on October 10, 1980 against Larry Holmes. Despite falling by a technical knockout to Holmes, he earned $8million, according to the Los Angeles Times.
In one of his most famous bouts called the 'Thrilla in Manila,' the icon earned $6million in the ring against Joe Frazier in 1975.
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Read more: http://www.dailymail.co.uk/news/article-3625241/Ali-s-family-spar-50million-fortune-champ-making-7million-year-thanks-lucrative-endorsements.html#ixzz4BSPpg600
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