Miguel Cotto Net Worth

What is Miguel Cotto net worth?

Miguel Cotto net worth 2023: Miguel Ángel Cotto Vázquez is an American-born Puerto Rican former professional boxer who competed from 2001 to 2017. He is a multiple-time world champion, and the first Puerto Rican boxer to win world titles in four weight classes, from light welterweight to middleweight. Keep reading to fine more information about Miguel Cotto net worth.

Early years

Cotto was born in Rhode Island, to Puerto Rican parents, and relocated to Caguas, Puerto Rico with his family before he was two.

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 There are several figures linked to boxing in his family, including his late father Miguel Cotto Sr., his brother José Miguel Cotto, his second cousin Abner Cotto, and his uncle and former boxing trainer Evangelista Cotto. Cotto began boxing as a child to help lose weight, not anticipating it to end up being his career path. He was taken to the Bairoa Gym in Caguas.

 There, he was able to develop into a top amateur fighter. The young Cotto participated in several international tournaments, these include: The 1998 Junior World Championships that took place in Buenos Aires, where he finished in second place while competing in the Lightweight division.

In his final amateur tournament, Cotto represented Puerto Rico as a Light Welterweight at 2000 Sydney Olympic Games where he lost to Mahamadkadir Abdullayev of Uzbekistan by points. Cotto decided to turn professional after the loss to Abdulaev, ending his amateur career with a record of 125–23.

Professional career

Early in his career Cotto defeated former world title contender John Brown by decision in the tenth round. He led the score through the entire fight and scored a knockdown in the second round. The judges gave Cotto scores of 100–89, 100–89, and 100–88.

In 2001, Cotto suffered a dangerous injury that threatened his boxing career. As he was driving to the gymnasium at 5 a.m., he apparently fell asleep and crashed, breaking his arm and requiring hospitalization.

On September 13, 2003, Cotto defeated Demetrio Ceballos by knockout in the seventh round at Las Vegas.

Light welterweight

On September 11, 2004, Cotto faced Kelson Pinto from Brazil, for the vacant World Boxing Organization junior welterweight title. This represented the third fight between them, with Pinto being victorious in their two previous encounters, both of which took place while they were still amateurs.

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Cotto kept his word and retired after his loss to Sadam Ali. When asked if the fight was his last, Cotto said, “It is. I want to be happy in my home and enjoy my family.”

Cotto then told the fans, “Thank you for supporting me at every opportunity. “I’m so glad to call Madison Square Garden my home.” After a 17-year professional career, Cotto officially retired with a record of 41 wins, with 33 wins inside the distance, and 6 losses.

Personal life

Cotto is married to Melissa Guzmán with whom he has three children, Luis, Alondra and Miguel Cotto III. Cotto has another daughter from a previous relationship, who was born in November 2006.

Miguel Cotto Net Worth

According to wealthygorilla.com, Miguel Cotto net worth is $25 million making him one of the richest boxers in the world. Aside Boxing, Cotto is invloved in a number of business ventures.

Cotto also owns and presides a boxing promotion named “Promociones Miguel Cotto”, which organizes fight cards in Puerto Rico. Similarly he founded “El Ángel”, a non-profit organization that promotes physical activity and measures against infant obesity.

Marc Eckō, fashion designer and owner of Eckō Unltd., selected Cotto when promoting the brand within the sport, citing the boxer’s “fearless” demeanor as one of the main reasons behind this agreement.

 As a product of this partnership, Eckō Unltd. produced boxing gear for him as well as mainstream clothing accessories for the general public.

Summary