Robert Arum is a boxing promoter and lawyer from the United States. He is the founder and CEO of Top Rank Promotions, a Las Vegas-based professional boxing promotion firm. Arum worked as an attorney in the tax section of the United States District Court for the Southern District of New York before becoming a boxing promoter. Bob Arum Net Worth is estimated to be approximately $300 Million.
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Bob Arum Net worth and profile in one glance
|Born||December 8, 1931|
|Country of Origin||Brooklyn, New York, United States|
|Profession||American lawyer, Boxing promoter, CEO|
|Spouse||Lovee Duboef (m. 1991)|
|Children||Richard Arum, John Arum, Elizabeth Arum|
|Bob Arum’s Net worth||$300 Million|
Biography of Bob Arum
Early life and background
Arum was born in the city of New York. With an Orthodox Jewish upbringing, he grew up in New York’s Crown Heights neighborhood.
He went to Erasmus Hall High School, New York University, and Harvard Law School, where he graduated cum laude with classmates described as “snooty guys from the prep schools and the dining clubs.”
During the Kennedy administration, he worked as an attorney in the US Department of Justice and had little interest in boxing until 1965.
Stepping stone into Bob Arum Net Worth (Career)
Following John F. Kennedy’s assassination in 1963 and his Justice Department service under Robert F. Kennedy, Arum joined the Wall Street law firm Phillips, Nizer, Benjamin, Krim & Ballon, where he researched Kennedy’s assassination for senior partner Louis Nizer, author of the Warren Commission Report’s foreword.
“I knew then that I wasn’t made out to be a prosecutor,” Arum said after the 1963 suicide of Washington Heights Savings and Loan Association president Floyd Cramer, hours after his conviction for being the “mastermind” of a mortgage tax-evasion scheme. Arum practiced civil law until 1979 when his office was closed.
Primary source of Bob Arum Net worth (Boxing promoter)
The Department of Justice assigned Arum to confiscate proceeds from the September 25, 1962 world heavyweight boxing title fight between Sonny Liston and Floyd Patterson, during which he met closed-circuit television (CCTV) pioneer and former Leo Burnett & Co. vice-president Lester M. Malitz (1907 – July 24, 1965) of Lester M. Malitz Inc.
Malitz was the promoter of Terrell vs. Chuvalo in 1965, and he hired Arum to represent him. Arum became a boxing promoter in 1966 after a request from Jim Brown, who had secured Malitz as the fight’s announcer.
Arum had been involved in numerous squabbles and controversies as a boxing promoter, including a 40-year conflict with Don King, with whom he co-promoted several contests.
Dana White, the president of the Ultimate Fighting Championship, has also been an outspoken critic, and the two have had a long and acrimonious public spat; in 2018, White briefly became a rival boxing promoter.
Arum has had two marriages. Richard, Elizabeth, and John were his three children from his first marriage.
John Arum (1961–2010), an environmental lawyer, died in 2010 while climbing the north face of Storm King, a mountain in North Cascades National Park; he is most known for his thorough defense of Native American tribal rights.
He married Lovee duBoef in 1991, and they have two stepchildren: Todd duBoef, the president of Top Rank, and Dena duBoef, the vice president of Top Rank.
Sheldon Adelson, the late billionaire casino tycoon and CEO of Las Vegas Sands Corp, was a personal friend and business associate of Arum.
In the boxing world, Bob Arum is a very talented and well-known figure. Bob Arum Net Worth is a source of motivation and inspiration. You may also like – George Foreman’s Net Worth.