Miguel Cotto Net Worth - Pulptastic
What is Miguel Cotto’s Net Worth?
Miguel Cotto, a Puerto Rican boxer, has a net worth of $25 million. He won multiple world championships during his 17-year career from 2001 to 2017. Cotto made history as the first Puerto Rican boxer to win world titles in four different weight classes, ranging from light welterweight to middleweight.
Cotto began his professional career in 2001 after representing Puerto Rico as an amateur fighter in several championships, including the 2000 Olympics. He won the WBO light welterweight title in 2004 by defeating Kelson Pinto and defended his title six times. Despite never being defeated, he vacated the title to move to welterweight.
In 2006, Cotto won the WBA welterweight title and defended it four times before losing to Antonio Margarito. Although he won the vacant WBO welterweight title in 2009, he lost it to Manny Pacquiao later that year. Cotto moved up to light middleweight, won the WBA title, and eventually lost it to Floyd Mayweather Jr. in 2012 in one of the most famous matches in boxing history.
Cotto’s career took a downturn after his loss to Mayweather, culminating in his retirement in 2017 following a series of disappointing results.
Miguel Cotto’s Boxing Roots
Miguel Ángel Cotto Vázquez was born on October 29th of 1980 in Providence, Rhode Island. He relocated with his family back to their home nation of Puerto Rico before he turned two. Miguel was raised in a family with close ties to boxing, including his late father, Miguel Cotto Sr., his brother Jose Miguel Cotto, his second cousin Abner Cotto, and his uncle Evangelista Cotto, who were all professional boxers at one point.
Miguel initially started boxing as a way to lose weight as a child, and he never expected that it would lead to a successful career. Cotto eventually found his way to the Bairoa Gym in Caguas, where his skills were honed. He soon became a top amateur fighter, and it was quickly clear that he had the makings of a top boxer.
Miguel Cotto’s Career Highlights
Miguel Cotto started his amateur career by competing in several championships, including the 1998 Junior World Championships, where he finished in second place in the lightweight division. He went on to post strong results at the Pan American Games, the Boxing World Championships, and the 2000 Sydney Olympic Games.
After turning professional, Cotto suffered an arm fracture in a car accident in 2001 but recovered and returned to professional fighting in 2003. He knocked out Demetrio Ceballos and earned a number-one ranking in the lightweight division, according to the WBA. He went on to claim the WBA junior welterweight title, defended it against fighters like Randall Bailey, Demarcus Corley, and Ricardo Torres, and then moved up to welterweight, where he claimed the vacant WBA welterweight championship by beating Carlos Quintana and defended it against several other fighters.
Cotto then moved up once again, this time to light middleweight, where he claimed his fourth title in three weight divisions after beating Yuri Foreman in 2010 and defended it several times before losing to Floyd Mayweather Jr. in 2012. Cotto’s career started to decline after this loss, and he eventually decided to retire in 2017.
Miguel Cotto’s Boxing Style Evolution
Early in his career, Miguel Cotto was a “pressure fighter,” relying on his knockout power and overwhelming strikes. As his career progressed, Cotto’s style became more refined, adopting a boxer-puncher approach and improving his hand speed, jab combinations, and counter-punching skills. Defense became a higher priority, as his mobility declined with age.
Miguel Cotto’s Partnership with Eckō Unltd.
Miguel Cotto has partnered with Eckō Unltd., a brand that selected him as its boxing ambassador due to his “fearless” demeanor. This partnership resulted in Eckō Unltd. creating boxing gear specifically for Cotto as well as clothing accessories for the public.
Miguel Cotto’s Biggest Paydays
Miguel Cotto’s most significant payday was in 2012 when he fought Floyd Mayweather Jr. He earned an estimated $8 million, plus a share of the PPV profits which likely amounted to a substantial sum. In 2011, he earned $5 million plus his share of PPV profits. Cotto’s purse for his 2015 fight against Saul Alvarez was $15 million, but he likely earned more overall from the Mayweather fight due to the PPV earnings. Since 2009, Cotto has earned over $20 million in purse money from various fights.
