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Anthony Joshua, Fury, others emerge as world richest boxers

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Nigerians have been doing well in all sporting activities in recent times, including boxing, with Anthony Joshua emerging as one of the richest boxers in the world according to their net worth.

In January 2022, we saw a record-breaking purse bid of £31 million from Frank Warren’s Queensbury Promotions to stage Tyson Fury vs Dillian Whyte.

In boxing, the roar of the crowds and the knockout punches often translate into multi-million dollar paychecks, propelling fighters into the upper echelons of wealth.

A report done by PUNCH Sports Extra shows Joshua and others as the top ten richest boxers in the world and here is the full list:

1. Canelo Alvarez

Mexico’s Canelo Alvarez, the wealthiest active boxer worldwide, boasts an astronomical net worth of $180m.

Alvarez, 33 years old, has won multiple world championships in four weight classes from light middleweight to light heavyweight, including unified titles in three of those weight classes and lineal titles in two.

2. Anthony Joshua

34 years old Joshua’s meteoric ascent to the upper echelons of financial prowess parallels his ferocity within the squared circle. Renowned for his explosive punches and an impressive record of 26 victories in 29 bouts, with a staggering 23 of those triumphs ending by knockout, the Watford-born pugilist has showcased his dominance against renowned adversaries like Wladimir Klitschko, Dillian White and Charles Martin.

3. Tyson Fury

The British heavyweight maestro, Tyson Fury, 35, stands tall in third place with a net worth of $65m. With 33 victories in 34 bouts, including 24 knockouts, Fury’s showdowns against Wilder and Derek Chisora have added luster to his illustrious career.

4. Oleksandr Usyk

Ukrainian sensation, Oleksandr Usyk, 36, has accumulated a net worth of $50m and is fourth in the list. Renowned for his speed and ring craft, Usyk has held multiple world championships in two weight classes, including the unified heavyweight titles in 2021, and the Ring magazine title since 2022.

5. Deontay Wilder

Coming up in fifth place on the list is Alabama-born Deontay Wilder, 36, commanding a net worth of $30m. Wilder has fought against some of the biggest names in boxing, including Tyson Fury and Luis Ortiz. He has won 42 of his 45 fights, with 41 of those wins coming by knockout.

Wilder is known for his powerful right hand which has earned the former WBC heavyweight champion a reputation as a knockout specialist.

6. Gennady Golovkin

Golovkin from Kazakhstan in sixth place with a net worth of $30m, Sonny Bill Williams in seventh with a net worth of $25m, and former world champion Andy Ruiz Jr. in 8th place worth $10m.

7. Sonny Williams

Williams is in seventh with a net worth of $25m.

8. Andy Ruiz Jr.

Former world champion Ruiz is in 8th place and is worth $10m. Ruiz famously shocked Joshua in 2019 by stripping him of the world titles with a technical knockout at the Madison Square Garden.

9. Sergio Martinez

Argentine pugilist Martinez, aged 48 and the oldest on the list, holds a net worth of $10m in joint eighth position with Ruiz. Martinez has held multiple world championships in two weight classes, including the unified middleweight titles from 2010 to 2014.

10. Ryan Garcia

25-year-old Garcia is the youngest boxer on this list and worth $10m. Garcia has fought against some of the biggest names in boxing, including Luke Campbell and Francisco Fonseca. He has won 22 of his 23 professional fights, with 18 of those wins coming by knockout.

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CAF Increases Annual Funding for Member Federations to $700,000

The funding has climbed in stages. It stood at $200,000 in 2021, rose to $400,000, then to $525,000, and now sits at $700,000.

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•CAF President Dr Patrice Motsepe

The Confederation of African Football (CAF) has raised the maximum annual subvention available to each of its 54 member associations to $700,000.

The new figure is a 33% increase on the previous allocation of $525,000.

The adjustment continues a steady rise in direct funding to national football governing bodies under CAF President Dr Patrice Motsepe.

Under the revised framework, each member association will now receive up to $700,000 yearly.

Across all 54 federations, the maximum annual allocation could reach about $37.8 million.

The difference of $175,000 per federation adds up to roughly $9.45 million in potential extra annual funding across the continent.

That gives CAF a bigger financial footprint in football development programmes.

Since 2021, the annual allocation per member association has moved from $200,000 to $700,000, a 250% growth over four years.

The funding has climbed in stages. It stood at $200,000 in 2021, rose to $400,000, then to $525,000, and now sits at $700,000. In four years, CAF has added $500,000 to what each federation can access annually.

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Rwanda to host F1’s first race in Africa since 1993

Rwanda President Paul Kagame said: “For more than three decades, the world’s premier motorsport championship has raced without this continent, and that changes with this agreement.”

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Rwanda has signed a 10-year deal with Formula 1 to host races in the African country, starting “in the early 2030s”.

The event – to be called the African Grand Prix – will be held on a new, purpose-built circuit in Bugesera, 25 miles south of the capital Kigali and next to the city’s new international airport.

It will be the first F1 race in Africa since 1993.

A statement from F1 said the project came as a result of “years of collaboration to ensure the right foundations, with the best partner, are in place to deliver a successful, sustainable and world-class grand prix for generations to come”.

The circuit, designed by the former F1 driver Alex Wurz, has been “designed to work in harmony with the natural landscape, using the area’s elevation changes to create a unique and challenging racing experience while delivering exceptional viewing opportunities for fans,” the statement added.

•Red Bull Racing’s Dutch driver Max Verstappen crosses the chequered flag at the finish line to win the Formula One Singapore Grand Prix at the Marina Bay Street Circuit in Singapore on October 11, 2026. (Photo by Ng Han Guan / POOL / AFP)

F1 hopes the race will provide an opportunity for the sport to expand its profile in Africa, a relatively unexplored market compared to Europe, Asia and the Americas.

It has not yet been established where the race may best fit into the schedule during the year.

The race is likely to be controversial as Rwanda has previously been accused of sportswashing.

The sport is likely to want to avoid holding the race in the main rain season of March to May. There is a shorter, less disruptive rain season from October to November.F1 is committed to keeping the season at no more than 24 races.

Rwanda President Paul Kagame said: “For more than three decades, the world’s premier motorsport championship has raced without this continent, and that changes with this agreement.”

“Rwanda is proud to host the Formula 1 African Grand Prix, and to share this moment with more than 100 million fans across Africa, many of them young people who deserve to see the sport at home and to see themselves in it: as engineers, technicians, entrepreneurs and, one day, drivers.

“The circuit in Bugesera, alongside the new international airport, will bring jobs, skills, tourism and new business to our country and our region for decades to come, because our aim was never a single race weekend, but a lasting benefit for our people.”

F1 president Stefano Domenicali said the new contract was “a landmark moment for F1”, which would mean the sport was racing “on every inhabited continent”.

Domenicali added: “Africa has always been part of Formula 1’s future, and from the beginning we were determined to return in the right way, with the right partner, a long-term commitment and a clear vision for creating meaningful impact.”

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National Sports Commission Changes Secretaries

“Let me be clear that no secretary is being removed because he or she has been sacked. They are only being posted to another federation to carry out another assignment,” Olopade said.

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The National Sports Commission (NSC) has reshuffled the General Secretaries of several national sports federations in a major administrative shake-up aimed at strengthening operations and improving the performance of the bodies.

The Director-General of the NSC, Bukola Olopade, announced the changes yesterday during a meeting with the General Secretaries of the federations in Abuja.

“Let me be clear that no secretary is being removed because he or she has been sacked. They are only being posted to another federation to carry out another assignment,” Olopade said.

Under the new arrangement, Bunmi Oluode has been appointed the new Secretary-General of the Athletics Federation, replacing Israel Inwang, who has been redeployed to the Padel Federation.

Rita Mosindi will serve as Acting Secretary-General of the Basketball Federation, with her predecessor, Amina Amanchi, moving to the Rowing Federation.

Other appointments saw Tosin Samuel take over as Secretary-General of the Shooting Federation, while Tinuoso Dolapo was appointed Secretary-General of the Karate Federation.

Javan Bennard will head the secretariat of the Fencing Federation, while Dorothy Okpo becomes the new Secretary-General of the Arm Wrestling Federation. Olopade said the reshuffling was not a punishment for any of the affected secretaries but a strategic deployment of their expertise to improve the administration of the federations.

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