One of the most important moments in the career of Saul ‘Canelo’ Alvarez, the best pound-for-pound boxer in the world, is coming up. That is why he is ready for his next fight, which will be against American Terence Crawford, but while that happens, it is time to remember part of the team with which the Mexican counts while he remains at the top.
And it is that, for example, in the financial field, it has attracted a lot of attention around Canelo Alvarez, who has Richard Schaefer for his financial issues, since before he was involved with former American boxer Oscar de la Hoya, which has already earned several reactions through social networks.
When is the Canelo Alvarez vs Terence Crawford fight?
It is important to remember that the highly anticipated fight between ‘Canelo’ Saul Alvarez and ‘Bud’ Terence Crawford will take place on Saturday, September 13, 2025 at Allegiant Stadium in Las Vegas, Nevada.
Canelo Alvarez and his partnership with Richard Schaefer to consolidate career and increase fortune
This is how the best pound-for-pound boxer in the world, the Mexican, Saul ‘Canelo’ Alvarez, while he is ready for his long-awaited fight with ‘Bud’ Terence Crawford, also keeps an eye on his fortune, which Richard Schaefer seeks to multiply even more.
Thus, Richard Schaefer has become involved to be at the forefront of Canelo Alvarez’s entire fortune, but not only that, as he was previously with De la Hoya, ending the alliance, and that is why he now considers that this time it is different and he is confident that they will be able to do many positive things also for Mexican boxing.
“There are commercial parallels between Canelo and Oscar. But with Oscar, we were building a business portfolio from scratch. Canelo has a different reach. He is beloved in Mexico, and the pride he feels in representing Mexico comes from the heart. Canelo now has more than 30 businesses in Mexico. He makes more money outside the ring than inside it. I honestly believe that, very soon, he will be the first boxer in history whose net worth will exceed one billion dollars,” said Richard Schaefer in an interview with ESPN about what he expects from this partnership with Canelo Alvarez
Who is Richard Schaefer, the man who manages Canelo Alvarez’s fortune?
As for Richard Schaefer, it is noteworthy that he is a 63-year-old Swiss banker, but when he met Oscar de la Hoya, he changed his focus to the world of boxing.
In 2000, he joined forces with De La Hoya and Golden Boy Promotions in the hope that his fortune would grow and that he could establish himself as a benchmark. However, in the end, both parties ended badly and in 2014 each went their separate ways.
But now, 11 years later, Richard Schaefer has returned to boxing and has joined forces with Canelo Alvarez to do what he left unfinished in the sport, advising him to accept the offer from His Excellency Turki Al-Sheikh, but above all, helping him to increase his fortune and consolidate his business interests in the world.
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