Don King Net Worth: What is Don King’s Net Worth and how did the American Boxing Promoter amass his huge net worth during the course of his career? Check out all that you wanted to know about Don King, the famous American boxing promoter; his birthday, family and personal life.
Who is Don King?
Don King is an American boxing promoter known for his involvement in historic boxing matchups.
He’s been linked with several controversies during the course of his career, one, in particular, is manslaughter conviction which he later got pardoned.
He is famous for his hairstyle and flamboyant personality.
Don King has achieved success and has amassed a huge amount of wealth in the process. At the peak of his career, Don has promoted some of the biggest superstars in the world of boxing such as Muhammad Ali, Mike Tyson, George Foreman, Evander Holyfield, Larry Holmes, Julio César Chávez, Andrew Golota, Félix Trinidad, Roy Jones Jr., and Marco Antonio Barrera.
|Net Worth||$150 Million|
|Date of Birth||20 of August 1931|
Early Life and Career
The famous American boxing promoter was born as Donald King on the 20 of August 1931, in Cleveland, Ohio.
He attended and graduated from John Adams High in 1951. Don dropped out of Kent State University to run an illegal bookmaking operation out of the basement of a record store on Kinsman Road.
He was later arrested and charged with the murder of two different men in two separate incidents 13 years apart.
In the first incident, he was accused of shooting Hillary Brown in the back while he was attempting to rob one of King’s gambling houses in 1954.
The case was determined to be justifiable homicide. Meanwhile, for the second incident, Don was convicted of second-degree murder after he was found guilty of stomping an employee to death.
The man identified as Sam Garrett was reported to owe him $600.
King was charged and sentenced to serve time at the Marion Correctional Institution. While he was there, King began to self-educate himself.
According to his own words, he read everything in the prison library he could put his hands on. King was pardoned in 1983 by Ohio Governor Jim Rhodes, with letters from Jesse Jackson, Coretta Scott King, George Voinovich, Art Modell, and Gabe Paul, among others, being written in support of King.
Meanwhile, before his indictment, as part of his job as a promoter, King negotiated a then-record $10 million purse through an arrangement with the Zaire government for a heavyweight championship fight between Muhammad Ali and George Foreman.
The fight was popularly known as “The Rumble in the Jungle”.
Also, aside from his boxing promotions, King also managed Jackson’s’ 1984 Victory Tour.
Don King was married to Henrietta, who tragically passed away on the 2 of December 2010 at the age of 87.
He has one biological daughter named Debbie and two adopted sons named Carl and Eric. In addition to that, King also has five grandchildren.
Furthermore, aside from his boxing promotions, King is also politically active. He supported Barack Obama’s 2008 and 2012 presidential run, and also made media appearances promoting George W. Bush during the previous election.
Don King was made a Mason-on-Sight by Grand Master Odes J. Kyle Jr. of the Most Worshipful Prince Hall Grand Lodge of Ohio on June 10, 1987. Thereby making him a Prince Hall Freemason.
He was also awarded an honorary Doctorate of Humane Letters degree from Central State University in Wilberforce, Ohio, by University President Dr. Arthur E. Thomas.
Don King Net Worth
As of 2019, the American boxing promoter, Don King has an estimated net worth of $150 Million. Don King earned his net worth as one of the most successful and famous boxing promoters of all time.
His career highlights include promoting “The Rumble in the Jungle” and the “Thrilla in Manila”.
Don has also promoted some of the most prominent names in boxing which includes Muhammad Ali, Joe Frazier, George Foreman, Larry Holmes, Mike Tyson, Evander Holyfield, Julio César Chávez, Ricardo Mayorga, Andrew Golota, Bernard Hopkins, Félix Trinidad, Roy Jones Jr., Azumah Nelson, Marco Antonio Barrera.
Through the course of his career, Don has been investigated severally for possible involvements in organized crimes.
An example is the 1992 Senate investigation about Don’s connection to mobster John Gotti. During his investigation, Don invoked the Fifth Amendment when questioned about his connections with the mobster.
Meanwhile, when Robert W. ‘Bobby’ Lee, Sr. the president of IBF was indicted in 1999 for racketeering, King was not indicted, neither did he testify at Lee’s trial.
Although, prosecutors reportedly called him an unindicted co-conspirator who was the principal beneficiary of Lee’s machinations.