Net Worth Ranker
What Is Sugar Ray Robinson’s Net Worth?
At the time of his death, Sugar Ray Robinson, the iconic American professional boxer, had a net worth of $500,000. Throughout his illustrious boxing career, his earnings are estimated to be equivalent to $30 million in today’s money, showcasing the significant wealth he accumulated.
Early Life and Boxing Beginnings
Born Walker Smith Jr. on May 3, 1921, in Ailey, Georgia, Sugar Ray Robinson’s early life was marked by humble beginnings. He grew up with two siblings on a corn farm. The family later relocated to Detroit, where his father worked as a construction worker, and young Walker took on jobs as a cement mixer and sewer worker. Following his parents’ separation, Walker Jr. moved to Harlem, New York, with his mother. It was in Harlem that he embarked on his journey as a boxer.
Dropping out of high school in the ninth grade to pursue his boxing dreams, he used a friend’s birth certificate to enter a tournament because he was under 18. His friend’s name was Ray Robinson. The nickname “Sugar Ray” emerged when a female audience member remarked that “Ray Robinson” was “sweet as sugar.” Before turning pro, Robinson is believed to have amassed an amateur record of 85 wins and no losses, with 69 of those wins achieved by knockout.
Professional Boxing Career and Earnings
Sugar Ray Robinson turned professional in 1940. He quickly established himself as a formidable force in the boxing world, securing victories against notable opponents such as Jake LaMotta and Sammy Angott. By 1943, he had enlisted in the U.S. Army, continuing his boxing career while serving his country. He was honorably discharged after suffering amnesia from a fall.
In 1946, Robinson clinched the welterweight title by defeating Tommy Bell. His commitment to philanthropy was evident in 1950 when he donated his entire purse to cancer research after defending his title against Charley Fusari. This gesture reflected his character and dedication to causes beyond the ring.
One of the most memorable bouts in his career was his fight against Jake LaMotta, known as the “Valentine’s Day Massacre.” This brutal encounter was later immortalized in Martin Scorsese’s film “Raging Bull,” highlighting the intensity and drama of their rivalry.
Robinson briefly retired in 1952 but made a comeback in 1955. While he experienced some success in the following years, his performance began to decline by 1959. By 1965, he was being knocked out by fighters not known for their knockout power, leading to his final retirement that year.
Boxing Style and Techniques
Sugar Ray Robinson’s boxing style was characterized by technical brilliance and versatility. He was renowned for his ability to adapt his style within a single match, making it difficult for opponents to anticipate his moves. He exploited his opponents’ weaknesses with speed and precision, relying on what he termed “instinct” and “rhythm” to strike swiftly and decisively.
Relationships and Personal Life
Robinson’s personal life included several marriages. In 1938, he married Marjorie Joseph, but the marriage was annulled later that year. Despite the annulment, they had a son in 1939. He then married Edna Mae Holly, a dancer at the Cotton Club, in 1944. They had a child in 1949 but divorced in 1962. In 1965, he married Millie Wiggins Bruce, and they lived together in Los Angeles. During his later years, some family members accused Millie of controlling and medicating him, which led to controversies within the family.
Financial Struggles and Later Years
Despite his success in the boxing ring, Sugar Ray Robinson faced financial difficulties later in life. In his autobiography, he admitted to squandering his $4 million fortune by 1965. This financial downfall was a stark contrast to the wealth he had accumulated during his peak years. In 1965, he received a large trophy for his contributions to boxing, but his modest Manhattan apartment could barely accommodate it. By 1967, he had retired and was diagnosed with diabetes.
Entertainment Career
After retiring from boxing in 1965, Sugar Ray Robinson sought to establish himself as an entertainer. He landed roles in television shows such as “Mission: Impossible” and “Land of the Giants.” He also appeared in films like “The Detective,” “Candy,” and “The Todd Killings,” showcasing his versatility beyond the boxing ring.
Death and Legacy
Sugar Ray Robinson battled Alzheimer’s disease in his final years, a condition increasingly recognized among boxers due to the cumulative effects of head injuries and concussions. He passed away on April 12, 1989, at the age of 67, leaving behind a legacy as one of the greatest boxers of all time. Although his net worth at the time of his death was $500,000, his impact on the sport and his cultural influence remain immeasurable.
