Oscar De La Hoya was destined for boxing greatness at a young age. He won numerous amateur national titles before earning gold for the U.S. in the 1992 Barcelona Olympics at 19.
De La Hoya went on to have one of the most successful boxing careers as a professional winning 10 world titles in six weight classes before retiring in 2009.
What happened to Oscar De La Hoya after his boxing career, and what is his net worth?
After winning the gold medal in 1992, De La Hoya turned professional and turned heads. He won his first fight in November 1992; then proceeded to run off 11 straight victories, which included earning his first world title, the WBO junior lightweight title in 1994.
Over the next four years, De La Hoya, who became known as the GOLDEN BOY,racked up the victories and title belts. His most significant win to date coming in 1996 when he defeated Mexican boxing legend JULIO CESAR CHAVEZfor the lineal and WBC light welterweight championship.
A year later, De La Hoya stepped up in weight class fighting in the welterweight division against a tough opponent in Pernell “Sweet Pea” Whitaker. It was one of De La Hoya’s biggest tests as a fighter, but he won a 12-round unanimous decision to earn the lineal and WBC titles.
RING MAGAZINE ALSO NAMED HIM as the NO. 1-RANKED POUND-FOR-POUND FIGHTER.
Oscar De La Hoya suffered the first defeat of his pro career in September 1999, when he LOST IN QUESTIONABLE FASHION TO FELIX TRINIDAD. For the next decade, De La Hoya struggled to recapture his earlier glory as wins eluded him.
He suffered defeats to some of boxing’s greatest fighters in Shane Mosley, Bernard Hopkins, Floyd Mayweather Jr., and Manny Pacquiao.
In 2009, DE LA HOYA HUNG UP the GLOVES ONE FINAL TIME.He finished his career with a 39-6 record
Oscar De La Hoya always knew working in such a violent sport could only last so long and ALWAYS PLANNED FOR LIFE AFTER BOXING.
That’s why in 2002 he formed Golden Boy Promotions, a boxing promotions companythat would promote all of his fights toward the end of his career including his matchups with Mayweather and Pacquiao.
In addition to his boxing promotions business, which has MANAGED boxing world champions including Canelo Álvarez and Amir Khan,
De La Hoya has ventured into numerous other areas outside of sports, including CHILDREN’S BOOKS, MAGAZINE PUBLISHING, CLOTHING, AND MUSIC, WHICH INCLUDED A SELF-TITLED CD in 2000 that was nominated for a Grammy.
While De La Hoya is a shrewd businessman, and has amassed a net worth of $200 million, he’s also generous with his money.
He opened the Cecilia Gonzalez De La Hoya Cancer Center, in honor of his mother, and donated $350,000 to the center. His foundation helps educate underprivileged youth, and he has donated $3.5 million to the De La Hoya Animo Charter High School.
Today, De La Hoya is involved in the day-to-day operations as CEO of Golden Boy Promotions, which has added MMA to its portfolio, and represents a number of top fightersand negotiates business deals with venues to host and televise fights.
His entrepreneurial journey began back in 2002, when he got in a dispute with his promotion company, Top Rank Boxing. He said, “I woke up one day and came to the conclusion that I should own my own masters.” Prior to that, he would agree on the purse, have the fight and get paid. The promotions company ownedthe footage and could do whatever they wanted with it.
He recently helped Canelo Alvarez sign the largest sports deal in history: A 5 year, $365 million contract. A lot of people claim that boxing is on the decline, but this deal proves that people are still interested in watching the sport.
De La Hoya also partnered with DAZN, a live sports streaming platform, to make boxing more accessible to the fans.
For $19.99 a month, fans can watch top boxers like Ryan Garcia, Anthony Joshua and Canelo Alvarez. De La Hoya is excited about the platform, “This generation doesn’t want to be told what to watch, when to watch or how to watch. Now, with DAZN, you can watch it on demand, on your phone or on your computer. You can take the fight on the go. DAZN is spending major money. They want to be the PREMIER DESTINATION FOR SPORTS.
But it’s not all business with De La Hoya; he is very involved with his foundation. He said, “My foundation is my baby. It’s been 21 years since I started The Oscar De La Hoya Foundation. So, I decided to partner with White Memorial Hospital, in East L.A., where my mother last received her treatment for breast cancer. The people there were so good, and they felt like family, so I decided to do something for the community. Over the years we’ve built several wings for them, including the Cecilia Gonzalez De La Hoya Cancer Center. We also built the Oscar De La Hoya Neonatal Intensive Care Unit.
EDUCATIONis also very important for the community of East L.A. The area has one of the highest dropout ratios in all of L.A. Unified School District. To me, it was important to try and change that. So, we built the Oscar De La Hoya High School. It’s a charter high school. Now, we have 99.9% of the kids graduating, which is unheard of.”
While there may be richer businessman in sports, few have combined building a successful business with making a positive impact in their communities, like Oscar De La Hoya has.