Antonio Margarito Net Worth: Antonio Margarito is a boxer and promoter. Antonio Margarito is worth $15 Million. Read on about Antonio Margarito’s Net Worth, Biography, Age, Height, Family, and Career.
|Net Worth:||$15 Million|
|Date of Birth:||Mar 18, 1978 (44 years old)|
|Place of Birth:||Torrance|
|Height:||5 ft 10 in (1.8 m)|
What is the net worth of Antonio Margarito?
Antonio Margarito is a Mexican-American retired professional boxer with a $15 million net worth. Between 1994 and 2017, Antonio Margarito competed for many boxing organisations, including the WBO, IBF, and WBA. During his career, he held several welterweight world championships and even competed for the light middleweight world title a few occasions. Margarito was detected using banned calcium sulphate hand wraps in 2009, casting doubt on his spectacular stoppage victory against Miguel Cotto the year before.
Antonio Margarito Montiel was born on March 18, 1978 in Torrance, California as Antonio Margarito Montiel. He relocated to Tijuana, Mexico, with his family when he was two years old, where he spent much of his time boxing with his brother. Margarito went on to have a brief amateur boxing career, finishing with an 18-3 record.
Beginning of a Professional Career
Margarito became a professional sooner than he would have otherwise due to financial difficulties. He made his debut at the age of 15 in a match against Jose Trujillo, winning by decision. He later got his first knockout in a bout against Victor Angulo. Five months later, Margarito was defeated by Victor Lozoya. His financial condition improved after he went 4-2 in his next six bouts, and he went on to win 28-2-1. During this time, Margarito defeated opponents such as Sergio Martnez, David Kamau, Alfred Ankamah, and Frankie Randall.
WBO Welterweight title
Margarito’s first shot at the WBO welterweight title came in the summer of 2001, when he faced Daniel Santos. However, the fight was interrupted in the first round due to significant wounds sustained by the two fighters after a head-to-head clash. As a consequence, Santos kept the welterweight title, which he later renounced in order to advance in weight class. Margarito was thus given a second shot at the welterweight title, this time against Antonio Daz. He eventually knocked out Daz to win the new WBO welterweight champion. Margarito then successfully defended his title against Danny Perez Ramrez, Andrew Lewis, and Hercules Kyvelos. He continued to defend his title until 2007, when he was defeated by the undefeated Paul Williams.
WBO Light Middleweight Championship
Margarito made his light middleweight debut in late 2003, defeating Maurice Brantley by knockout. The next year, he challenged his former foe Santos for the WBO light middleweight title, which he ultimately lost by technical decision.
Welterweight titles from the IBF and WBA
Margarito defeated his old opponent Kermit Cintron for the IBF welterweight title in 2008, winning by knockout in the sixth round. Following that, the IBF ordered him to fight a mandatory defence against Joshua Clottey, the organization’s top contender. Margarito, on the other hand, resigned his IBF title in order to fight against Clottey. Instead, he agreed to a bout with WBA welterweight champion Miguel Cotto. The fight was spectacular, with Margarito punching his way back from an early disadvantage to win by technical knockout in the 11th round. In early 2009, he lost his WBA welterweight title against Shane Mosley.
WBC Light Middleweight Championship
Margarito made his return to the ring in May of 2010 against Roberto Garca for the vacant WBC international light middleweight title. Margarito ultimately won by unanimous decision. He then faced Manny Pacquiao for the WBC light middleweight title, which he lost by majority decision following a thrashing from Pacquiao. Margarito was brought to the hospital immediately after the fight.
Additional injury, retirement, and comeback
In late 2011, Margarito rematched with his longtime opponent Miguel Cotto. Margarito was defeated by Cotto through TKO by medical stoppage because his right eye had swollen shut. Margarito announced his retirement from boxing following the fight.
Margarito briefly came out of retirement in 2016 to win two bouts in Mexico. The following year, he defeated Carson Jones.
Scandal Over Illegal Hand Wraps
Margarito’s trainer found a white material in Margarito’s hand wraps before his fight against Mosley in 2009. It was subsequently established that the substance was calcium sulphate, which when coupled with moisture makes plaster of Paris. This is prohibited in professional boxing. Despite claiming ignorance of the hand wraps, Margarito and his trainer had their licences cancelled, thus barring them from competing in the United States.
Margarito married his first wife, Michelle, his high school sweetheart, in 1999. He married Lorena after their divorce. The pair currently resides in Los Angeles, California.