The Standard (Zimbabwe)

Boxing champ Anthony Joshua’s fortune hits £180 million

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FORMER boxing champ Anthony Joshua is now worth almost £180 million, new accounts reveal. The star turned over a heavyweigh­t profit last year, with his main business banking £41.3 million – or £113,000 per day.

Joshua, 34 – who has previously said he wants to be a billionair­e – saw the huge turnover in his Sparta Promotions company.

The firm, which channels AJ’s boxing and sponsorshi­p earnings, was worth £129 million at the end of the accounting period in March 2023.

But the figures do not include Joshua’s earnings from his last two fights – which saw him beat Otto Wallin in Saudi Arabia in October and Robert Helenius in London last August.

And Joshua’s fortune is set to soar further, after he agreed to fight former UFC champ Francis Ngannou in Saudi Arabia in March.

It has been reported that ‘AJ’ – known as one of sport’s most marketable stars – will bank £31 million for the bout.

The new accounts, which Joshua signed himself in December, show that Sparta had a turnover of £41.3 million. That works out at £113,000 per day.

It turned a profit of £35.9 million – or £98,356 per day.

The firm’s turnover included £28.3 million from boxing bouts, plus £13 million from outside the ring activities.

Joshua works with brands including fashion giant Hugo Boss, Jaguar Land Rover and sports firm Under Armour.

Sparta returned a smaller profit – of £16.1 million – in the year to March, 2022 and generated £20.2 million worth of business.

Its latest accounts highlight the cash AJ earned from his second defeat to Ukranian boxer Oleksandr Usyk, in Saudi Arabia in June 2022.

They say: “All divisions showed a significan­t increase in turnover in 2023, compared to 2022.

“The bouts division increased due to a territory-specific opportunit­y for a rematch of a highly anticipate­d fight.

“On the back of the rematch, sponsorshi­p income also rose due to the publicity the fight attracted.”

The paperwork – filed at Companies House yesterday – reveals AJ earned £6.3 million in wages, which he took from the firm via a dividend.

The net worth of the company stood at £129 million at the time of the accounts.

On top of his boxing millions, AJ has a property empire with a growing portfolio of homes.

His company 258 Commercial Investment­s holds £26.5 million and 258 Investment­s is sitting on £12.3 million.

AJ also sitting on £9 million in current assets at dormant business 258 Equity – giving a total of £176.8 million in all three companies.

A source said: “Anthony is a shrewd guy, and these accounts reflect that. He has come from humble roots so knows the value of everything, and has a keen eye for business.

“AJ wants to secure the future for his family, and works as hard out of the ring as he does in it.”

Joshua – who has an eight-yearold son by exNicole Osbourne – has always been open about his desire to make money.

In a 2017 interview with GQ, he said: “When I first started, the aim was to become a multimilli­onaire.

“But now there are ordinary people worth millions just because of property prices.

“So the new school of thought is that I need to be a billionair­e.

The star – who has cars including a Rolls Royce Phantom, Mercedes v8 and Audi A3 S-Line – is known to have bought his beloved Mum, Yeta, a north London home and a Rover.

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