Joe Louis Net Worth
As one of the best-known boxers of the 20th century, Joe Louis had a net worth that was very large. He earned his fortune primarily from his boxing career. In addition, his other successes included various commercial promotions and sports promotions. By the time of his death in 1981, the boxer was estimated to have a net worth of between $1 million and $5 million.
Joe Louis was born in LaFayette, Alabama. His father left his family when he was young. The family moved to the Detroit area when Joe was twelve years old. While he was a student at Bronson Vocational School, he began learning the cabinet making trade.
Before he started his boxing career, he participated in a variety of sports promotions. He also made charitable contributions, and he was a strong advocate for care and kindness to others. During his boxing career, he won the heavyweight championship in 1937 and defended the title 25 times.
After leaving the boxing ring, he teamed up with Billy Conn and began a career in commercial promotion. He was active in this field until his retirement from the sport. Since his career ended, he has been involved in a number of other business endeavors, including his own food franchise.
He starred in a few short films, and appeared on television as a guest on the show You Bet Your Life in 1955. His last feature film was a comedy called The Phynx, in 1970.
He had two children. One daughter was born in 1943, and the other in 1947. Louis was married three times. He and his second wife, Jacqueline Barrow, divorced in 1945, and the couple remarried in 1949.
Though he was a heavyweight boxing champion, he was not the biggest boxer in the world. Some of his opponents were quaking by the time they entered the ring with him. Nevertheless, he won 10 consecutive knockout matches and was known as the best boxer of his era.
In addition to his success in the ring, Joe Lewis was a well-known billionaire investor and art collector. He is the owner of several companies and has acquired works by Picasso, Cezanne, and Francis Bacon. Aside from his investments, he also owns a yacht named Aviva. When he is not working on his investment projects, he lives in the Bahamas, and has a private office at Lyford Cay.
Despite his storied boxing career, he was not able to settle his tax debts. The Internal Revenue Service was not willing to forgive his money. However, a close friend of the boxer said that attempts to collect on the debt had ceased by the time he died in 1981. During his lifetime, he had a net worth of $4.6 million. It is expected that his net worth will increase in the future.
Although Joe Louis is not officially recognized as a saint, his reputation is such that he has become an icon of generosity, humility, and care. Besides his boxing career, he has a love life that is very private. He was married to Marva Trotter and Martha Jefferson. Both of these women impacted his life in different ways.