Tyson Fury has reportedly shared a whopping £150 million with his opponent Oleksandr Usyk, significantly boosting his net worth, even as he faces potential losses of around £30 million following his latest defeat. The much-anticipated rematch, held in Saudi Arabia, saw Fury lose to Usyk by unanimous decision, with all three judges scoring the bout 116-112. Usyk successfully retained his WBA Super heavyweight, WBC, and WBO heavyweight titles.
Fury’s disappointing performance marks his second consecutive loss to the Ukrainian champion, who initially triumphed over Fury with a split decision back in May. While the Gypsy King appeared to start strong, Usyk dominated the latter rounds, sealing Fury's fate.
Before their initial bout, Fury had earned around £79 million and was estimated to have had a net worth of £41 million. The two fighters were set to equally split the prize purse of approximately £150 million from the rematch, equaling roughly £75 million each, regardless of the outcome. Fury was projected to net around £60 million from this latest fight, but he faces substantial taxes upon his return to the UK.
According to insights from Celebrity Net Worth, Fury's wealth was around £111 million prior to the rematch, and his earnings are only expected to increase due to the latest payout. Data analysis from JeffBet has indicated he could lose nearly £30 million to tax authorities, primarily because of UK income tax and national insurance contributions, which would claim nearly half of his earnings from the fight.
A spokesperson from JeffBet explained, "If you are a resident in the UK you have to pay tax on overseas earnings in the same way, and this remains the same no matter how much someone might earn. Good tax advice is always important, and the Fury camp will have looked for the most beneficial agreement available." With almost 47 percent of his fight earnings destined for His Majesty's Revenue and Customs (HMRC), this means around £28 million for income tax and £1.2 million for national insurance contributions.
Despite financial frustrations, Fury's post-fight demeanor suggested his defeat weighed more heavily on him than the tax deductions awaiting him. He was adamant about his belief he deserved to win the match. Fury stated, "He never hurt me once. Not a mark on me. I took it more serious. I was on the front foot more."
Continuing his reflection on the decision, Fury added, "The judges gave him a Christmas gift. I feel like I won both fights. I know I had to knock him out, but it's boxing and this happens. There is no doubt in my mind I won this fight. Frank [Warren] had me three or four rounds up, and many people had me up by at least two." His comments underline the emotional turmoil stemming from the outcome, as he grapples with the loss and the significant financial ramifications.
Fury's situation, encompassing both disappointing financial losses and his steadfast belief of being wronged by judges, amplifies the complex nature of high-stakes boxing where prize purses are substantial yet overshadowed by regulatory tax obligations and personal expectations of victory.
While the rematch has left him fuming on multiple fronts, the financial impact persists, and as Fury settles back home, the reality of hefty tax returns awaits. Nevertheless, insiders predict his net worth should still experience a notable increase, bolstered by the enormous shared purse from the fight even as he navigates the intricacies of taxation.
Moving forward, it's clear Fury must not only address the tangible impacts of his recent defeat but also focus on reclaiming his titles and restoring his status as one of the leading figures in boxing. Fans and analysts alike will watch closely to see how he rebounds from this momentous career challenge.
