Although boxing as we know it today has its origins in 19th century England, the sport itself goes back as far as the original Olympics in Ancient Greece. Today, boxing is a sport loved by millions worldwide, and icons like Muhammad Ali have inspired countless people across the world to pick up a pair of gloves and step into the ring themselves. The
reached around 6.7 million in 2021, and the sport has provided opportunities for a number of industries to develop: the
alone amounted to over 1.6 billion U.S. dollars in 2021.
How big is the boxing industry?
In 2020, the
revenue of the World Boxing Council (WBC) amounted to 2.69 million U.S. dollars. The WBC is one of the four major boxing federations that oversee professional fights, and the one with the highest revenue in that year. One of the biggest sources of revenue in boxing is pay-per-view (PPV) sales, where people pay to be able to watch live boxing matches at home. As of 2022, the
fight with the most PPV buys was Floyd Mayweather Jr.’s 2015 bout against Manny Pacquiao. However, it is not only organizations and broadcasters that stand to earn millions from the sport, as the best boxers themselves can also receive a handsome paycheck for their biggest fights. Mayweather, the
richest boxer in the world in 2022, had a net worth of 400 million British pounds.
Which country has won the most Olympic medals for boxing?
As of 2022, the United States was the
country with the most Olympic medals for boxing, with 117 medals in all categories. Men’s boxing has been an event in the modern Olympics since 1904, while women’s boxing was only introduced in 2012. Since then, China has won the
most Olympic medals for women’s boxing, with a total of seven. Despite this, the future of Olympic boxing is uncertain, and it could potentially be excluded from the 2028 Games in Los Angeles due to governance issues.
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