According to multiple sources, Canelo Alvarezs net worth in 2023 is estimated to be around $200 million. He is a professional Mexican boxer in the Light Middleweight division and has been described as the best pound-for-pound boxer in the sport. Canelo Alvarez is a four-division world champion and has won significant titles such as the WBC, WBA (Super), and Ring magazine light middleweight titles in 2011, and the unified WBA (Unified), WBC, Ring, and lineal middleweight titles in 2015.

Canelo Alvarez secured a 5-year, $365 million fight contract with Oscar De La Hoyas promotion company and DAZN on October 17, 2018, which covers 11 fights starting with his December 15, 2018 matchup against Rocky Fielding in New York. Between June 2018 and June 2019, he earned $95 million from his boxing empire, and from June 2020 to June 2021, Canelo added another $90 million to his wealth.

Canelo Alvarezs career earnings per Essentially Sports include $12 million against Floyd Mayweather in 2013, about $25 million against Amir Khan in 2016, and $40 million against Caleb Plant when he became the undisputed super middleweight champion. In the first fight against Gennadiy Golovkin, he earned $40 million, and in the rematch, he earned $30 million. In the trilogy fight, he earned about $45 million, and his salary has reportedly reached $100 million following PPV sales.

Canelo Alvarezs net worth has been significantly boosted by lucrative endorsements and commercial ventures, including partnerships with companies such as Nike, Under Armour, and Tecate.