Sugar Ray Leonard Net Worth in 2023 (Bio, Net Worth, Career, Personal Life, Age, etc.)

Ray Charles Leonard, better known as “Sugar” Ray Leonard, is an American motivational speaker, occasional actor, and former professional boxer. Sugar Ray Leonard Net Worth is estimated to be approximately $120 Million.

Sugar Ray Leonard Net worth and profile in one glance

Biography of Sugar Ray Leonard

Early life

Leonard was born in Wilmington, North Carolina, the fifth of Cicero and Getha Leonard’s seven children. Ray Charles was his mother’s favorite singer, and he was named after him.

When he was three years old, his family relocated to Washington, D.C., and when he was ten, they settled permanently in Palmer Park, Maryland.

His father was a night manager at a store, and his mother was a nurse. Parkdale High School was his alma mater.

Leonard was a shy kid who had an uneventful upbringing, save for the time he nearly drowned in a creek during a flood in Seat Pleasant, Maryland. He spent a lot of time reading comic books and playing with his dog at home.

Stepping stone into Sugar Ray Leonard Net Worth (Career)

In 1969, Leonard began boxing at the Palmer Park Recreation Center. Roger, his older brother, was the first to begin boxing.

Roger was instrumental in establishing the boxing program, encouraging the center’s director, Ollie Dunlap, to put together a squad.

Former boxers Dave Jacobs and Janks Morton volunteered as boxing coaches. Roger had won numerous prizes and proudly displayed them in front of Ray, encouraging him to take up boxing.

Primary source of Sugar Ray Leonard Net worth (Boxing)

Leonard lost by decision to Jerome Artis in the featherweight quarterfinals of the National AAU Tournament in 1972.

It was his first time losing. He competed in the Eastern Olympic Trials later that year. To compete in international competition, a boxer had to be seventeen years old, thus Leonard, who was just sixteen at the time, lied about his age.

He advanced to the lightweight semifinals when he was defeated by Greg Whaley in a controversial decision.

Whaley was so badly beaten that he was not allowed to continue in the trials and never boxed again.

Professional career

When Leonard chose to pursue a career as an attorney, Janks Morton referred him to Mike Trainer, a friend of his.

Trainer persuaded 24 of his friends and clients to back Leonard’s career with a $21,000 investment that would be repaid in four years at an interest rate of 8%.

Leonard was subsequently made the only stockholder in Sugar Ray Leonard, Inc. by Trainer. Muhammad Ali’s trainer, Angelo Dundee, was hired as Leonard’s trainer and manager.

Media appearances

Coca-Cola, EA Sports, Ford, Nabisco, Revlon, and 7 Up are among the brands for which Leonard has delivered commercial endorsements.

In the early 1980s, he appeared in a 7 Up commercial alongside his son Ray Jr., Roberto Durán, and Durán’s son Roberto Jr. Leonard is one of the most in-demand motivational and inspiring speakers today.

His “Power” speech (Prepare, Overcome, and Win Every Round) is frequently booked with major Fortune 500 organizations around the United States and internationally.

Personal life

Leonard married Juanita Wilkinson, his high school love, in January 1980. Ray Jr., their six-year-old son, was the ring bearer. Jarrell, their second son, was born in 1984.

In 1990, they divorced. Juanita Leonard testified during her divorce proceedings that her husband physically abused her while under the influence of alcohol.

He was also an occasional cocaine user, according to her. Leonard’s evidence corroborated his wife’s statements and went on to say that their marital difficulties were not caused by drug and alcohol abuse.

Conclusion

Sugar Ray Leonard is a well-known and talented boxer in the United States. Sugar Ray Leonard Net Worth is a source of motivation and inspiration. You may also like – Valentino Rossi’s Net Worth.