Antonio Margarito Net Worth In 2023: Careers Of Miguel Cotto And Floyd Mayweather Took A Drastic Turn

As we all are well aware, Antonio Margarito who is also known as Antonio Margarito Montiel  is a well known Mexican-American former professional boxer who has competed in a wide variety of championships. Margarito was born in the California city of Torrance.

His childhood in Tijuana, Mexico, began when he was just two years old, and he and his brother quickly became familiar at the local boxing gym. In this article we will discuss everything we know about Antonio Margarito Net Worth.

Antonio Margarito Net Worth

Boxing legend and retired Mexican-American citizen Antonio Margarito has an estimated net worth of $15 million. Between the years 1994 and 2017, Antonio Margarito competed for a number of different boxing organisations, including the WBO, the IBF, and the WBA.

During his career, he won a number of world titles at the welterweight weight category and also tried a few times to win the world title at the light middleweight weight category. Margarito’s famous stoppage victory over Miguel Cotto in 2009 was called into question when it was discovered that he had used illegal hand wraps containing calcium sulphate.

Many Saw Miguel Cotto As A Threat To Floyd Mayweather, Their Careers Took Unexpected Turns After A Contentious Bout With Antonio Margarito

In July 2008, Antonio Margarito became Miguel Cotto’s latest challenger for the WBA welterweight title. At the time, Cotto was in the prime of his career and was widely regarded as Floyd Mayweather’s greatest threat. His improvement from 140 pounds, where he was undefeated but regularly exhausted, was demonstrated by his defeats of Zab Judah and Shane Mosley, as well as by his broader run of five world title victories in under 18 months.

Despite Margarito’s punch resistance, range, and size, many predicted that he would be Cotto’s latest victim on July 26 at the MGM Grand in Las Vegas. Instead, they witnessed one of the most controversial fights. You may also consider Rickey Smiley Net Worth.

Cotto excelled at fighting on the back foot and off the ropes, and he won each of the first four rounds despite Margarito’s relentless forward momentum in an attempt to engage the Puerto Rican champion in a brawl. Even though it was inevitable that he would get tired and slow down, he was building a strong lead that Margarito would need to stop to catch up to.

There was little indication of the dramatic swing that was about to follow, even in the fifth round, when Margarito, then 30 years old, finally had some sustained success. In the seventh, the pressure he was applying began to show, and Cotto began to show signs of not just fatigue but exhaustion, wariness to engage, and swelling features.

ON THIS DAY 🗓

24th January 2009 – Shane Mosley stopped Antonio Margarito in their bout 🥊#boxingfans #boxing #ShaneMosley pic.twitter.com/CUM5ZKLWbB

— Between the Ropes TV (@btrtv01) January 24, 2023

It looked like the courageous Cotto was taking damage from every one of Margarito’s punches, and he was beginning to bleed as well. At the end of the 10th round, the Mexican had the momentum of a close fight, and in the 11th, he put so much pressure on Cotto that he had to take a knee.

Even though punches hadn’t been thrown when the fight resumed and Margarito again marched towards him, Cotto again took a knee. Cotto, then 27 years old and with the potential to become one of the finest fighters of his era, was waved over, and Margarito was crowned the new champion. You can also look at Brendon Urie Net Worth.

After showing how to pressure a classier but smaller fighter into defeat, aggressive Margarito emerged as one of Mayweather’s biggest threats in the months that followed. On January 24, 2009, Mayweather agreed to defend his title against Mosley, who had just been knocked out by none other than Cotto.

It was Mosley’s trainer, Nazim Richardson, who spotted Margarito’s doctored hand wraps before the fight at the Staples Center in Los Angeles on that fateful night in September 2001, when Felix Trinidad had lost to Bernard Hopkins.

After reporting Margarito, his hand wraps were changed, and Mosley went on to defeat him decisively, stopping him in the ninth round. The California State Athletic Commission suspended Margarito and his trainer Javier Capetillo’s boxing licences for a year because Capetillo had used a plaster-like substance under his fighter’s hand wraps.

Cotto was paired with Manny Pacquiao in November 2009 after victories over Michael Jennings and Joshua Clottey. Pacquiao had by this point established himself as the best fighter in the world, alongside Mayweather. Before he did this, he said that a picture of Margarito showed that he was wearing hardened hand wraps the night he lost his world title and his respected undefeated record. Possibly of interest to you Chad Henne Net Worth.

A discoloured spot on the hand wrap near one of Margarito’s knuckles was visible in the photo. There was some red staining from the same discoloured area in another photo taken on the night of the Mosley fight. Sergio Diaz, Margarito’s former co-manager, claimed that the red dye from Margarito’s gloves leaked onto the wraps in the photo taken the night his fighter defeated Cotto, despite Margarito’s denials of any wrongdoing on either night.

Capetillo testified before the California State Athletic Commission that his fighters routinely use plaster inserts to protect their hands during training, and that these must have been accidentally added to Margarito’s kit before ending up on his hands without the Mexican’s knowledge.

“He means nothing to me!”

11 years ago today, revenge was sweet for Miguel Cotto as he avenged his defeat to Antonio Margarito and retained the WBA super welterweight title.

What’s your favourite fight in which a fighter avenges a loss?#boxing pic.twitter.com/FyPWPp2rEN

— Steve Boxman (@SteveBoxman) December 3, 2022

Regardless, he was banned, and many people thought he was guilty not just one night, but two. Meanwhile, on the night of the great Pacquiao’s finest performance, Cotto was stopped once again, this time in the 12th round. Have a look at Jon Peters Net Worth.

Margarito’s Victory Over Roberto Garcia In Mexico Put Him Back In The Running For A Major Bout

After beating Roberto Garcia in his home country, Margarito was once again in the running for another big fight. This was partly because of how well-known he was. After Pacquiao defeated Clottey, he needed a new opponent.

Due to the Nevada State Athletic Commission‘s refusal to licence Margarito, their fight for the WBC light-middleweight title was moved to Cowboys Stadium in Arlington, Texas on November 13, 2010. Few people didn’t want Pacquiao to beat one of the most exciting and well-known fighters in the world.

To sum up, it is clear that we have talked about Antonio Margarito Net Worth. During his career he has held numerous welterweight world championships in his name. If you would like to know more content, please visit our website greenenergyanalysis.com.