BoxRec

According to the internet Gerry Cooney is only worth 3 million dollars. Isn't this a low estimate? He had several major bouts.

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vatech1983 wrote: ↑20 Sep 2024, 22:00 According to the internet Gerry Cooney is only worth 3 million dollars. Isn't this a low estimate? He had several major bouts.

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For a fighter his age, that rich.

vatech1983 wrote: ↑20 Sep 2024, 22:00 According to the internet Gerry Cooney is only worth 3 million dollars. Isn't this a low estimate? He had several major bouts.

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Don’t believe those sites they are just guessing, how would they know what he’s worth, click bait most the time as they have ads on them.

He's kept his wits about him as he has aged...so it's probably accurate or even a bit shy of the mark.

$3M is not bad. I hope he has more.

those sites that guess at networth are complete bs fakes just throwing numbers out there

Cooney has plenty of money. Promoter Scott Murray brought him over to the UK quite recently and Cooney confirmed to the audience that he is a wealthy man. In fact, he earned too much money in his fighting days and never developed properly. He picked up a million dollars for blowing away Ken Norton in May 1981, after which he needed two or three workouts against proven stayers before taking on someone like Larry Holmes. Leroy Caldwell makes sense as an opponent, as do Tex Cobb and Ibar Arrington. Instead, his managers (the Wacko twins) wasted time counting their money and chasing Mike Weaver. Cooney sat on the sidelines for 13 months prior to Holmes in June 1982, which is ludicrous and a real waste of talent. It was the same before the Spinks and Foreman fights: too much money, too much inactivity.

If any Boxers got a decent amount of money still, its probably due to their caring wife.

bennie wrote: ↑25 Sep 2024, 05:00 Cooney has plenty of money. Promoter Scott Murray brought him over to the UK quite recently and Cooney confirmed to the audience that he is a wealthy man. In fact, he earned too much money in his fighting days and never developed properly. He picked up a million dollars for blowing away Ken Norton in May 1981, after which he needed two or three workouts against proven stayers before taking on someone like Larry Holmes. Leroy Caldwell makes sense as an opponent, as do Tex Cobb and Ibar Arrington. Instead, his managers (the Wacko twins) wasted time counting their money and chasing Mike Weaver. Cooney sat on the sidelines for 13 months prior to Holmes in June 1982, which is ludicrous and a real waste of talent. It was the same before the Spinks and Foreman fights: too much money, too much inactivity.

This is exactly right. Everyone made money. And Gerry’s development was stunted by his management team. All I’ll add is that this scenario also ruined his confidence. He realized he was being sheltered and kept from fighting tough opposition. When a fighter realizes his management is apprehensive about putting him in tough , he asks himself why. As far as money goes, I think he’s ok. Doesn’t drink or carry on anymore so that saves quite a bit of money as well as drama.

yeah, it was when he 'heard it thru the grapevine" that his managers didn't want him fighting
Marvin Stinson. That was when the doubt must have crept into his mind.

Caractacus wrote: ↑26 Sep 2024, 18:25 yeah, it was when he 'heard it thru the grapevine" that his managers didn't want him fighting
Marvin Stinson. That was when the doubt must have crept into his mind.

Stinson ranks as an ideal opponent for Cooney so I can't understand why the Wacko twins felt the need to avoid him. Maybe Jim Watt's victory over Howard Davis affected their judgement. They managed Davis and were convinced he would lick Watt for the WBC lightweight title, but they were wrong.

I think the $3 million figure could easily be on the low side, but I’d be careful with those internet net worth numbers because they rarely show where the estimate actually comes from. Cooney had some very big paydays, but gross fight purses are not the same as money he kept after taxes, trainers, managers and all the other costs, so there’s a lot we probably just can’t see from public records. I was actually reading about another kind of money related offer recently, the 15 euro no deposit bonus discussed here https://online-casinosbe.com/fr/sans-de ... ans-depot/ and it made me think about the same thing, because the headline number can look great until you check the conditions and what you can really use. With boxing it’s pretty similar in a way, and I’d be more interested in seeing Cooney’s actual purses and career earnings before taking that $3 million estimate too seriously.

Yeah, after the traditional 1/3 cut to the trainers and taxes, right there a fighter is under 50% of what his purse was. Still, in Cooney's case if he had decent investments, he should have more than $3 million. Who knows how accurate those "estimates" are.

I don't know why any grown man cares what another's net worth is.

I wouldn't want Cooney to be broke, but even if he were I'm certainly not going to do anything about it. So what do I need to know for?

gilgamesh wrote: ↑14 Sep 2026, 22:32 I don't know why any grown man cares what another's net worth is.

I wouldn't want Cooney to be broke, but even if he were I'm certainly not going to do anything about it. So what do I need to know for?

Great point !

Apart from those big 3 losses it's arguable whether he took much punishment in the rest of his career? I'd say £3m is ok

But having said that, how much money would you need to take that uppercut from Big George? Bearing in mind he had a run up?