Net Worth Ranker
What Is Cory Spinks’ Net Worth?
Cory Spinks, an American former professional boxer, has accumulated a net worth of approximately $5 million. This financial standing is primarily attributed to his boxing career, which spanned from 1997 to 2013. During this period, Spinks participated in 47 fights, securing 39 victories. While a significant portion of his net worth stems from fight purses, endorsements, and potential investments also contribute to his overall financial picture.
Career Highlights and Earnings
Spinks’ professional boxing career began in 1997. Details on his initial fight contracts and purses from his early career are not publicly available. He achieved significant recognition in 2003 when he unified the WBA, WBC, IBF, and Ring Magazine welterweight titles by defeating Ricardo Mayorga. The specific financial gains from this unification bout are not explicitly disclosed in publicly accessible records, but such a victory would have undoubtedly resulted in a substantial payday and increased earning potential for subsequent fights.
In February 2005, Spinks lost his welterweight titles to Zab Judah. While the exact purse for this fight isn’t public knowledge, championship bouts typically command significant payouts for both participants. He rebounded in July 2006 by defeating Roman Karmazin to win the IBF World Light Middleweight title. Again, the exact financial terms of this fight remain confidential. He later lost the title to Verno Phillips in March 2008. The financial compensation for this fight has not been publicly reported.
Spinks regained the vacant IBF World Light Middleweight title in April 2009 by defeating Deandre Latimore. Public data on the purse for this fight is unavailable. He subsequently lost the title to Cornelius Bundrage in August 2010. The specifics of his financial arrangement for this fight are not publicly accessible. His final fight was in February 2012, a loss to Carlos Amado Molina. Similar to other fights, the precise purse for this event isn’t documented in public records.
While the exact earnings from each fight are not publicly accessible, it can be inferred that Cory Spinks earned the majority of his $5 million net worth from his boxing career, through purses earned from his 47 fights. Endorsements and sponsorships would have supplemented this income, and it is probable that Cory Spinks also has other income streams such as investments, or perhaps income from royalties.
Family Legacy and Background
Born in St. Louis, Missouri, in February 1978, Cory Spinks comes from a family deeply rooted in boxing. He is the son of Leon Spinks, who famously defeated Muhammad Ali to win the world heavyweight title in 1978. He is also the nephew of Michael Spinks, a former light heavyweight and heavyweight champion. Cory’s father, Leon Spinks was known for his eccentric lifestyle after defeating Muhammad Ali, and his finances were rumored to be in disarray later in his life. Michael Spinks was also very successful and also acquired significant wealth. Specifics regarding Cory Spinks’ early life, schooling, or any properties owned are not available in the public record.
As an amateur boxer, Cory Spinks achieved notable success, winning the National Golden Gloves and National Police Athletic League welterweight championships in 1997. Cory Spinks had an amateur record of 29-2, before turning pro in 1997. These achievements helped Cory Spinks to launch his professional boxing career. Details regarding compensation for the amateur fights are unavailable.
