Rey Vargas Net Worth: A Closer Look at the Mexican Boxer's Wealth
Rey Vargas is a Mexican professional boxer who has made a name for himself in the boxing world with his impressive skills and achievements. As a two-time world champion, Vargas has accumulated a significant amount of wealth throughout his career. In this article, we'll take a closer look at Rey Vargas' net worth and explore the sources of his income.
Early Life and Career
Rey Vargas was born on November 25, 1990, in Otumba, State of Mexico, Mexico. He began boxing at a young age and quickly made a name for himself in the amateur circuit, winning several national championships. Vargas turned professional in 2010 and has since then racked up an impressive record of 34 wins, 1 loss, and 22 knockouts.
Title Reigns and Notable Fights
Vargas' most notable achievements include winning the WBC super bantamweight title in 2017 and the WBC featherweight title in 2020. He has also had notable fights against opponents such as Gavin McDonnell, Azat Hovhannisyan, and Tomoki Kameda.
Net Worth
Rey Vargas' net worth is estimated to be around $5 million. His primary source of income is through his boxing matches, where he earns purse money and bonuses. Additionally, Vargas also earns money through endorsements and sponsorships with brands such as Everlast and Hublot.
Breakdown of Net Worth:
- Purse money: Vargas has earned significant amounts of money from his fights, including a reported $500,000 purse for his bout against Tomoki Kameda in 2020.
- Endorsements: Vargas earns an estimated $100,000 per year from his endorsement deals with brands such as Everlast and Hublot.
- Sponsorships: He also earns an additional $50,000 per year from sponsorships with local businesses and organizations.
Conclusion
Rey Vargas' net worth is a testament to his hard work and dedication to his craft. As a two-time world champion, he has earned a significant amount of money through his boxing matches and endorsements. With his career still ongoing, it's likely that Vargas' net worth will continue to grow in the coming years.