Ray Mancini Net Worth

Ray "Boom Boom" Mancini net worth is
$5 Million

Ray "Boom Boom" Mancini Wiki Biography

Raymond Michael “Boom Boom” Mancini was born on 4 March 1961, in Youngstown, Ohio USA, son of retired boxer Lenny “Boom Boom” Mancini, of Italian descent. He is a boxer, actor and producer, best known for holding the World Boxing Association lightweight championship title from 1982 to 1984.

A notable boxer, how loaded is Ray Mancini? According to sources in late 2016, Mancini has amassed a net worth of over $5 million, earned during his boxing career, as well as through his other business ventures.

Ray Mancini Net Worth $5 Million

Mancini was inspired to take up boxing by his father, an established lightweight contender during the ’40s. He began to train during his childhood years, and by his teens had accomplished a brilliant amateur career with a record of 43-7 and several Golden Gloves championships.

He made his professional debut in 1979, and went on to establish himself as a recognized figure in the sport, defeating several top-ranked boxers. In 1980 he knocked out Bobby Sparks in the first round for the regional Ohio State Lightweight title, and the following year defeated Jorge Morales for the WBC-affiliated NABF Lightweight, his first major title, and defended it against Jose Luis Ramirez in a unanimous decision a few months later. After losing to Alexis Argüello in a brilliant match for the WBC lightweight title later that year, Mancini scored two wins, one defending his NABF Lightweight title against Julio Valdez, which brought him an opportunity to fight for a world title, and by defeating the new WBA lightweight champion Arturo Frias in 1982, Mancini won a world championship title. His popularity was boosted, and his net worth began to rise.

Mancini went on to defend his title by defeating former world champion Ernesto España later that year, and several months after came the infamous fight against the Korean boxer Duk Koo Kim, who suffered serious brain injuries after being knocked out by Mancini, and died several days later. Mancini fell into deep depression after the match, but unfortunately his tragedy did not end here, as just a few months later his mother killed herself, and the following year, the bout’s referee, Richard Green, also committed suicide.

The year 1983 saw Mancini defending his title against British champion George Freeney. The following year he defeated former world champion Bobby Chacon, however, he lost his title to Livingstone Bramble later that year; he tried to regain it in a rematch against Bramble in 1985, but without success. The same year Mancini retired from professional boxing, however, he returned to the ring in 1989, trying to regain his title once again, this time against Héctor ‘Macho’ Camacho, but lost the bout in a controversial split decision. His last fight came in 1992 against Greg Haugen, a former lightweight champion, which he also lost; not long after, he retired for good.

In 2015 he was inducted into the International Boxing Hall of Fame.

Mancini’s boxing career enabled him to gain astonishing popularity and recognition in the boxing world. It also earned him significant wealth. Getting 75% of his $12 million in purse money, the retired boxer went into several business ventures, such as launching his El Campeon Cigar Company. He also became involved in the film industry; aside from founding two movie production companies, he starred in several projects, including the 2000 sports drama “Body and Soul”, the 2002 crime film “Turn of Faith” and the 2013 documentary covering his life and career, “The Good Son: The Life of Ray Boom Boom Mancini”. In addition, Mancini has served as a fight analyst for the Fox reality series “Celebrity Boxing”. All have contributed to his net worth.

In his personal life, in 1989 Mancini married Carmen Consuelo Vazquez, with whom he has three children. After the couple’s divorce, he married Tina Rozzi in 2014. The couple reside in Youngstown.

Mancini has been involved in philanthropy. Aside from founding his own The Ray “Boom Boom” Mancini Foundation, he has also served as Honorary Board Member of the National Veterans Foundation and Honorary Board of Directors Member of the Retired Boxers Foundation.