If you’re a sports fan, especially a boxing club enthusiast, you might have heard of Eddie Hearn. He’s currently UK’s richest sports (boxing) promoter. He heads companies like Professional Darts Corporation and Matchroom Sport. Because of his endorsing gigs in the sports industry, we know that today Eddie Hearn net worth is £39-45 million this year (2023). If we talk about it in USD, this figure rounds at 50 to 58 million dollars. However, to explore his net worth and the journey up until now, don’t forget to scroll and read the entire post.
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Eddie Hearn’s Background Story
Eddie was born into a wealthy and affluent family in 1979 in Essex, England. His father is Matchroom Sport’s founder, Barry Hearn. So Eddie always had the respect of the investors in the later years because of the revered background he was born and brought up in. Eddie went to Brentwood School to get his first-hand experience at sports, as this was a private or independent institution. He played and mastered his craft in cricket and football there.
Later, his father offered him £1,000 if he scored a C grade or above at Havering Sixth Form College, Hornchurch.
Eddie Hearn Net Worth :
Eddie Hearn Net Worth is around $45m in the year 2023. His major part of earning comes from sports.
Eddie Hearn’s Promotional Stints
Many readers think that Eddie started his brand during his school days, and he would have gotten into his father’s firm early on. However, that’s just a baseless assumption. Eddie worked for the West End of London. It was a sports management firm to represent or manage golfers.
After earning a great experience at his first firm, he was confident enough to move to Matchroom, where he belonged. He promoted and endorsed poker events there to showcase the brand value to the world.
In fact, Eddie met Audley Harrison there at one of the infamous poker events. They grew together after initial conversations, and Eddie decided to redesign Harrison’s career for the greater good.
That is how Audley started to fight for WBA. He often fought against another famous player, David Haye. However, the first few fights Harrison fought were disastrous; Hearn knew how to market those right.
He created and ran pay-per-view campaigns and earned handsome cash based on those ads, even if Audley lost the game. From here, Hearn got a lot of insider knowledge and confidence to run the show of boxing ventures at Matchroom.
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Matchroom Sport Journey
Eddie Hearn is among the top five promoters in the British for boxing matches, tournaments, and players. He always knew how to take Matchroom’s brand value and deals to the next level, which his father, the founder did not even surmise once.
Many say Eddie has taken boxing gameplay to a newer height in the British market. In 2015, Hearn bagged a boxing deal with Sky Sports to broadcast 20 shows yearly. Because of this deal, Hearn was able to promote top-notch boxers in the UK across the world. Later, he got more boxers under his wing to encourage their talent accordingly. This deal was only valid till 2021. After that, Eddie signed a better deal with DAZN later. This deal was worth 1 billion dollars.
Eddie has promoted boxing champs like Lomachenko, Canelo Alvarez, Usyk, etc. He also ideated the KSI vs Logan Paul boxing event during the pandemic to keep the nation’s spark and desire for the game going.
He promoted Wladimir Klitschko’s last fight and drew a 90,000+ crowd at Wembley Stadium. After that, Wladimir became one of the heavyweight legends in Britain. This match helped Matchroom organisation garner at least $65 million in revenue or profits.
Eddie also signed up deals with Devin Haney and Gennady Golovkin in 2018. He was criticised for the matches between KSI and Logan Paul, because of which he gained more popularity online.
In 2020, Eddie signed another deal, this time with Bob Arum from Top Rank. The deal was to promote the highly looked-after fight between Kubrat and Anthony in December 2020 in the SSE arena in London.
He has already signed multiple other million-dollar deals with sports channels like Channel 4, Sky Sports, and Channel 5.
Eddie’s Social Media Popularity
Eddie has 1.3+ million followers on Instagram at present. At the same time, he is turning into a social media mogul in the sporting category on Twitter with 1.1 million followers. Hearn is famous for his banter on the digital space. People have created GIFs and memes on his dialogues and banter. The GIF is like, “Oh, Go On Then!” to add a funny remark on people who try to act smart. Hearn doesn’t seem to mind at all. Instead, he is enjoying his fame from his haters and trollers. They have made several dummy accounts on social media shrouding under Eddie Hearn’s name. However, when we go onto those accounts, we will know they are fake.
Eddie Hearn’s Foundation
Matchroom is constantly doing way more for sportsmen in and around Britain. One such initiative helmed by Eddie Hearn is the Matchroom Foundation. They are using the sporting income from various events to help multiple underdogs in the sports field get the limelight they deserve.
As per the latest news on the Matchroom Foundation’s income source, they get $1.32 of every ticket sold as a contribution to the welfare of the sports people in Britain. In June 2021, his foundation gave charity to Jessie May Trust to help everyone fight the coronavirus crisis.
Hearn has also delivered and donated food items or parcels, clothes, books, and other accoutrements to Yianis Christodoulou Foundation to give back to the community.
Eddie Hearn’s Achievements
- Eddie won the Promoter of the Year award by Boxing Writer’s Club in 2018.
- World Boxing Council gave him a similar title in 2019.
- Eddie Hearn made Matchroom Boxing the leading organisation to promote boxing worldwide. It has already promoted some of the biggest and most viral boxing matches in recent years.
How much money has Eddie Hearn made?
Ans : It can be estimated about $60 million in 2023.
What is the current worth of Matchroom boxing?
Ans : CVC valued the Matchroom organisation at $883 million in May 2023.
Is Eddie Hearn wealthier than Jake Paul?
Ans : Not really. They both have cutthroat competition in terms of their income sources. Where Eddie signed big deals like DAZN and Sky Sports, skyrocketing his net worth to $45-50 million, Jake Paul easily earns $32 million from his boxing matches.
If not Eddie Hearn, who is the wealthiest promoter for boxing matches and professionals?
Ans : Currently, Bob Arum is the richest promoter in this sector. In 2023, his net worth is $320 million, at least 6 times that of Eddie’s.