Ever wondering Miguel Cotto net worth? Prepare to experience this Puerto Rican pugilist’s financial highs and lows. Miguel Cotto, a boxing legend known for his resilience and strength, has amassed a huge net worth.
It’s inspiring to follow Cotto from Caguas’ gritty streets to Madison Square Garden’s glittering venues. How much is the ex-four-weight world champion worth? As we unravel Miguel Cotto’s financial life, we’ll examine his successes, failures, and empire.
Early Life
Miguel Angel Cotto Vazquez was born 29th of October , 1980 in Puerto Rico. His father, Miguel Sr., worked as a construction worker and his mother, Isabel Vázquez, was a housewife who raised seven children with her husband. From an early age, young Cotto learned the value of hard work and dedication, as his father taught him the importance of keeping a job. Cotto grew up in poverty, but he never let that stop him from achieving his dreams.
He began boxing at 15 and soon developed a natural ability for the sport. He won several regional championships during his amateur career and turned professional in 2001 at 20. Miguel Cotto represent the Puerto Rico in international tournaments such as the PAG in 1999, the Olympics in 2000, and the Junior World Championships in 1998, where Cotto won a silver medal in a lightweight division.
Personal Life
Did you know Miguel Cotto? Apart from his professional achievements, Cotto also had a successful personal life. He married Melissa Guzmán in 2006, and they had two children together. The couple divorced in 2011 but remained close friends well after their separation.
Cotto’s father died of cancer in 2009, a major blow to the boxer. Through his father’s death, Cotto was able to find a new purpose, and in 2010 he started the Miguel Cotto Foundation. This organization works to improve the lives of Puerto Rican children through sports and education.
Cotto also had a strong sense of philanthropy throughout his career and donated money to numerous charities in Puerto Rico. He was well-respected in his home country and was referred to by many as “El Maestro,” which translates to “The Teacher” in English. Cotto retired from boxing in 2017, but he will always be remembered as one of Puerto Rico’s greatest boxers.
Hobbies
What is Miguel Cotto doing outside the ring? In his free time, Cotto enjoyed spending time with his family and playing golf. He was also an avid music fan and often shared his passion for Latin American music on social media. Cotto also had a passion for cars, which he inherited from his father. He owned several luxury vehicles, including a Lamborghini Gallardo and a Ferrari 458 Italia.
Cotto was also an active supporter of his home country, often appearing in public events to promote Puerto Rican culture and sports. He also frequently attended charity events to support the community and help those in need.
Professional Career Highlights
After an excellent career in which he won titles in four different classes, Cotto was recognized as the finest boxer to fight out of Puerto Rico. Look at some of his amazing professional boxing highlights from any division.
⏺Junior Light welterweight
Cotto challenged Kelson Pinto of Brazil for the unclaimed WBO junior welterweight championship on September 11, 2004. This was their third bout, with Pinto winning their previous two confrontations, which took place when they were amateurs. Cotto won the WBO Junior Welterweight Championship in six rounds after scoring three knockdowns.
He defended his championship successfully on December 2004, when he knocked out former champion Bailey in the sixth round as part of the Vitali Klitschko-Danny Williams under-card in Las Vegas. Bailey was punched in the face during the battle, causing wounds above and below his eyes. The ringside physician evaluated Bailey as a consequence of the wounds.
⏺Welterweight Division
Cotto lost his belt in late 2006 and stated his desire to crossover to welterweight to battle Carlos Quintana for the WBA championship. After a tough battle, Cotto emerged victorious via a technical knockout in round six.
On December 2, 2006, the battle took place. Cotto beat Quintana through a technical knockout in the fifth round. Quintana resigned before the start of the sixth round due to a hit to the body, and Cotto won the vacant World Boxing Association Welterweight Championship Title.
Miguel Cotto also fought Manny Pacquiao in 2009, and Pacquiao defeated him in a technical knockout after being knocked down twice in the first round. This would be his last defeat as a professional boxer.
⏺Light Middleweight Division
On February 1, 2012, The unbeaten seven-time world champion Floyd Mayweather Jr. declared that he would fight Cotto for his WBA ‘Super’ light middleweight championship at the MGM Grand on May 5, 2012. This fight was one of the greatest fights of Miguel Cotto.
The fight began with Cotto establishing himself as the aggressor, but Mayweather won the opening two rounds by blocking most of Cotto’s blows with efficient counter-punching and body movement. Mayweather was able to acclimate to Cotto’s new pattern of hitting in bursts and utilized his now-newly adjusted counter-punching strategy to win several of the remaining rounds, giving Mayweather the decision win.
In 2012, Cotto challenged Austin Trout for the WBA Light Middleweight Championship. The battle started as a back-and-forth affair, but Cotto took control in the middle rounds. He would eventually win on a unanimous decision, making him a four-division world champion.
Facts About Miguel Cotto
- Miguel Cotto has boxed in five weight classes, ranging from super lightweight to light heavyweight.
- He is one of only four boxers in history to win titles in four different divisions.
- In June 2007, Miguel Cotto was named Ring Magazine’s Fighter of the Year.
- Cotto has fought in more than 20 world title fights and holds a record of 16–4.
- He has helped to raise money for the Puerto Rican community throughout his boxing career.
- Miguel Cotto is the first Puerto Rican boxer to win titles in four different divisions.
- In June 2015, Miguel Cotto was inducted into the International Boxing Hall of Fame.
- In 2017, Miguel Cotto retired from boxing with 41 wins and six losses. He is regarded as one of the greatest boxers in Puerto Rican history.
Miguel Cotto Net Worth
Cotto is a four-weight world champion and the first Puerto Rican boxer to win a world championship in each of the weight divisions. Miguel is a professional boxer with a high net worth and income. Miguel Cotto is well-known as one of the most successful boxers. Furthermore, his net worth is projected to be $25 million as a result of his professional boxing career. In addition, he earns $5 million every year.
Apart from his income from boxing, Miguel Cotto also has other sources of income that have added to his wealth, and it is similar to the following:
✔️Endorsement
Miguel Cotto has made some endorsement deals. He is the brand ambassador for various brands, including Nike, Adidas, and Reebok.
✔️Business Ventures
In addition to his boxing career, Miguel Cotto also ran a restaurant in Puerto Rico called Café La Placita. He was also involved in other business ventures, such as fitness centers and real estate.
✔️Ambassador
Miguel Cotto is also an ambassador for many charities and philanthropic initiatives in Puerto Rico. He has donated his time, money, and fame to various causes, such as hurricane relief funds, cancer research, and awareness programs. Miguel Cotto is the ambassador of Box Latino, a charity organization dedicated to helping young boxers in Latin America.
✔️Social Media
Miguel Cotto is active on social media such as Instagram, Twitter, and Facebook. His Instagram has over 671k followers, while his Twitter has 544.7k followers. On his other platforms, he reaches out to engage with his fans and promote upcoming fights. He also earned on social media through sponsored posts.
✔️TV Appearance
In 2017, Miguel Cotto made a guest appearance on the Spanish-language television show El Gordo Y La Flaca. He also appeared in an episode of the HBO series Real Sports with Bryant Gumbel. He also guests starred in the Spanish-language show Despierta America and the Univision reality show Desafio.
✔️Books
Miguel Cotto has written several autobiographical books about his life and career. The most popular one is his 2017 book titled “My Life: My Story,” which chronicles his journey from humble beginnings in Puerto Rico to becoming a world champion boxer. The book was well received and became a best-seller in the United States and Puerto Rico. His book sold up to 50,000 copies in its first year.
✔️Properties
Miguel Cotto owns several properties in the Caribbean and has invested heavily in real estate. He also owns a luxury yacht which he uses for pleasure trips. Miguel Cotto’s properties are estimated to be worth around $10 million.
✔️Fashion Brand
In 2017, Miguel Cotto launched his own fashion brand called “Cotto by Miguel.” The brand features t-shirts, hoodies, and accessories with designs inspired by his boxing career. The brand is sold in retail and online stores around the world. The brand sold up to 5,000 items in its first two weeks.
Controversies Involving Miguel Cotto
In this section, we delve into the controversies involving Miguel Cotto, shedding light on the incidents that have added layers of complexity to his public persona.
👉Allegations of Loaded Gloves
One of the controversies that stirred significant debate in Miguel Cotto’s career involved allegations of loaded gloves during his 2008 bout against Antonio Margarito. The controversy flared up when authorities discovered illegal hand wraps on Margarito in a subsequent fight. This fueled speculation and accusations that the Cotto vs. Margarito match might have involved similar foul play. Although no one presented concrete evidence against Cotto, the controversy persisted, overshadowing the legitimacy of the fight and sparking discussions about the integrity of the sport.
👉Judges’ Decisions and Disputes
Controversies in Miguel Cotto’s career have also been linked to judges’ decisions in certain bouts. Fans and analysts have occasionally questioned the fairness of scoring, particularly in closely contested matches. Instances where judges’ decisions appeared to favor Cotto or his opponents have sparked disputes within the boxing community. While subjective judging is an inherent part of the sport, these controversies have contributed to discussions about the transparency and reliability of scoring systems in professional boxing.
👉Weight Disputes and Catchweight Controversies
Another area of controversy in Miguel Cotto’s career revolves around weight-related issues and catchweight stipulations in certain fights. Critics argue that Cotto’s insistence on specific weight conditions in negotiations created an uneven playing field, putting his opponents at a disadvantage. The debates surrounding catchweights have ignited discussions about fairness in matchmaking and whether such stipulations are in the spirit of true competition. These controversies have not only fueled debates among fans but have also prompted calls for clearer regulations in the sport.
👉Personal Disputes and Outside-the-Ring Controversies
Beyond the boxing arena, Miguel Cotto has faced controversies stemming from personal disputes and incidents outside the ring. These controversies often involve public disagreements with other fighters, managers, or individuals connected to the boxing world. While these incidents may not directly impact Cotto’s in-ring achievements, they contribute to the narrative surrounding his public image, raising questions about the dynamics of relationships within the boxing community.
👉Performance-Enhancing Drug Speculations
Speculations and controversies regarding the use of performance-enhancing drugs have, at times, surrounded Miguel Cotto. While there has been no concrete evidence or positive drug tests implicating Cotto, the mere speculation has led to discussions within the boxing community and among fans. Such controversies highlight the broader issue of doping in sports and the scrutiny that high-profile athletes like Cotto often face.
Regardless of these controversies, he contribute to the rich tapestry of discussions surrounding Cotto’s impact on and off the boxing canvas, showcasing the intricate and sometimes contentious nature of professional boxing.
Charity Works and Philanthropy of Miguel Cotto
Miguel Cotto, known for his tenacity inside the ropes, exhibits an equally formidable spirit when it comes to making a positive impact on society. His philanthropic journey transcends the glamour of boxing, reflecting a deep commitment to uplifting communities and championing social causes. One of Cotto’s notable initiatives revolves around education, where he has generously supported scholarships for underprivileged students, providing them with the tools to pursue their dreams. This commitment to education echoes his belief in empowering the next generation.
*Supporting Healthcare Access*
In the realm of healthcare, Miguel Cotto stands as a staunch advocate for improved access and resources. His charitable contributions have bolstered medical facilities, particularly in his native Puerto Rico, ensuring that communities have the necessary infrastructure to address health challenges. Cotto’s dedication to healthcare underscores a desire to make a lasting impact on the well-being of those who may otherwise lack essential resources.
*Championing Youth Development*
Recognizing the potential within young minds, Miguel Cotto has invested heavily in youth development programs. From sports initiatives to mentorship programs, he actively fosters environments that nurture talent and instill values such as discipline and resilience. By creating opportunities for the youth, Cotto aims to break down barriers and pave the way for a brighter future.
*Disaster Relief Efforts*
In times of adversity, Miguel Cotto doesn’t just watch from the sidelines. His philanthropy extends to disaster relief efforts, where he has played a crucial role in providing aid to communities affected by natural disasters. Whether it’s rebuilding homes or ensuring access to essentials, Cotto’s involvement underscores a deep sense of responsibility towards those facing hardships.
*Environmental Stewardship*
Beyond societal causes, Miguel Cotto also lends his support to environmental initiatives. Understanding the importance of environmental stewardship, he actively engages in projects aimed at conservation and sustainability. By using his platform to raise awareness, Cotto contributes to the global conversation on preserving the planet for future generations.
Miguel Cotto’s impact goes far beyond the boxing ring, reaching into the hearts of those he strives to uplift. Through his charitable works and philanthropy, he embodies the spirit of a true champion, using his success to make a positive difference in the lives of others. As we celebrate his achievements in the ring, let us also applaud the enduring legacy he is creating outside of it, leaving an indelible mark on the world.
Miguel Cotto Retirement
Miguel’s latest fight was on December 2, 2017, against Sadam Ali. He retired from boxing at the age of 37 in order to spend more time with his family. Cotto described boxing as a blessing, but after 26 years in the sport, he needs to make up for the time he spent away from his family while fighting.
Miguel Cotto plans to move away from boxing and focus on his other business ventures. He wants to expand his fashion brand and open a chain of fitness centers in Puerto Rico. He also hopes to become more involved with philanthropic initiatives and be an ambassador for many charities. Miguel Cotto plans to continue making appearances on television shows, writing books, and engaging with his fans on social media.
Frequently Asked Question
What is the highest-paid fight of Miguel Cotto?
Miguel Cotto’s highest-paid fight was his 2017 match against Saul “Canelo” Alvarez, which earned him a reported $15 million. He also made millions in other fights, such as his 2012 bout against Floyd Mayweather and his 2009 bout with Manny Pacquiao.
Does Miguel Cotto belong to the best athlete in the world?
Miguel Cotto is among the greatest boxers of his generation. He is a former four-division world champion and holds numerous records in boxing, including the most wins by any current or former active boxer. In 2019 he was inducted into the International Boxing Hall of Fame for his achievements in the sport.
Who was the boxer who defeated Miguel Cotto?
Miguel Cotto has been defeated by a number of boxers in his career, including Antonio Margarito, Floyd Mayweather Jr., Manny Pacquiao, and Saul Alvarez. He also lost to Austin Trout and Sadam Ali.
How much money does Miguel Cotto make?
It is estimated that Miguel Cotto has a net worth of $30 million. He earned this primarily through his boxing career, as well as from endorsement deals and business ventures. He also earns through social media platforms and his fashion brand, “Cotto by Miguel.”
How good a fighter is Miguel Cotto?
Miguel Cotto received multiple world titles in four different weight classes and is the first boxer from Puerto Rico to win titles in four divisions. He has a career record of 41 wins, six losses, and 33 knockouts.
Final Words
Miguel Angel Cotto Vazquez was a true champion in every sense of the word. His inspiring story is one of strength, determination, and perseverance that should be an example to all athletes. He showed us that no matter what life throws at you, it is possible to overcome and succeed.