The pair are said to be splitting the huge prize pot evenly.
Anthony Joshua is thought to be losing £32 million of his prize money following his fight with Jake Paul.
The Brit eventually defeated the YouTuber-turned-boxer in their bout on Friday night (early hours of 20 December UK time) in a jaw-breaking knockout.
AJ has faced a whole load of criticism for taking so long come out as champ in the heavyweight mismatch, as he didn’t take Paul out until the sixth round in Miami.
But, even if he wasn’t impressed by his own performance in the ring, the boxer is still bagging a huge amount of cash for the fight.
With slightly differing reports of just what the prize pot was for the live Netflix event, it’s thought both fighters could be splitting roughly at least £137 million between them.
As a UK resident, though, Joshua is going to have to cough up some of that cash thanks to those good old tax obligations we all get stung by.
There is no state taxation in Florida (where the flight took place), but the Brit still remains subject to US income tax at the maximum rate.
AceOdds explains that a big 37 per cent of his prize money will therefore be going straight to the Internal Revenue Service (IRS) in the United States. And he then also needs to pay the gap between his complete UK tax obligation and what has already been deducted in US tax.
So, he’ll owe about £5.5 million to HMRC. It doesn’t stop there either, Joshua will, of course, then need to contribute to National Insurance, with roughly an additional £1.4 million of his prize money.
So, in total, he’ll be paying out about £32 million.
This doesn’t seem like it will be that big of a deal to the boxer, though, as he claimed the payday wasn’t his main motivation for taking on Paul.
“It’s not even my biggest payday; it’s not about money,” he said. “For me, it was more about the opportunity. I had to showcase my skills to the world.”
Well, he may have ‘showcased’ some skill, but Joshua did admit it wasn’t his ‘best performance’.
“The end goal was to pin Jake Paul down and hurt him,” he said following the fight. “It took a bit longer than expected, but the right hand finally found the destination.”
That destination resulted in a broken jaw, as the YouTuber went straight to the hospital after the fight, sharing a bloodied close-up of his wonky mouth in the ring.
He issued an update on Saturday to say he ‘got out of surgery’ and told fans alongside a drowsy-looking snap from a hospital bed: “Everything went smooth. Thanks for all the love. Lots of pain and stiffness. Gotta eat liquids for 7 days.”
News
🎰 54 Japanese Tried to Execute One American — He Killed Them All in 7 Minutes
At 07:30 on September 18th, 1944, Private First Class Arthur Jackson pressed his body against a coral outcrop on Peleliu Island, watching Japanese machine gun fire tear apart the Marines to his left. 19 years old. 3 days on this island, zero confirmed kills. The Japanese had built 12 reinforced concrete pillboxes in a half-moon […]
🎰 The Untold Truth: The White House Was Built by Slaves – Forgotten History of America’s Founders
Between 1,792 and 1,800, more than 400 enslaved men, women, and children built what would become the most recognizable building in the United States. Their names were erased from the record on purpose. Their graves lie unmarked across the District of Columbia. For over two centuries, the government insisted these omissions were not mistakes, they […]
🎰 1964: Ra*ist Man Insults Wife and Daughter of Bumpy Johnson, What Happens Next Shocks New York!
MANHATTAN, NEW YORK. It was 2:47 p.m. on Saturday, October 10th, 1964, when May Johnson, 58, and her daughter Ruthie Johnson, 29, walked through the brass and glass doors of Bergman and Sterling. The exclusive Fifth Avenue boutique catered to Manhattan’s wealthiest families and had only recently, reluctantly, begun serving black customers after years of […]
🎰 An Incredible Story of Young prisoner who Made the Nazis Pay for his Suffering – Joseph Schleifstein
The 8th of April, 1945, about five miles northwest of the city of Weimar, Nazi Germany. Buchenwald camp prisoners, using a secret short-wave transmitter and small generator, send the Morse code message: “To the Allies. To the army of General Patton. This is the Buchenwald concentration camp. SOS. We request help. They want to evacuate […]
🎰 Bumpy Johnson’s Secret Guardian—The Cleaning Lady Who Stopped an Assassination
“November 15th, 1966. Bumpy Johnson was supposed to die that night. The contract had been signed. The money had been paid. The assassin had been chosen. Everything was in place. Carmine Persico’s people had given the order. Frank Costello’s remaining allies wanted revenge. The Italian mafia had decided Harlem’s king had lived long enough.” “But […]
🎰 After 30 Years On The Streets, This Homeless Man Discovered His True Identity Thanks To A Police Off
“For more than 30 years, Mike Meyers lived on the streets of California, doing whatever he could just to make it through each day. Tired and worn down by the relentless sun, Meyers often found himself in trouble with the law in Alama County for asking strangers for change. Still, he risked both his safety […]
End of content
No more pages to load
