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Antonio Margarito Net Worth

Boxer · Athletes

Antonio Margarito
Photo: Luis Fujarte · Wikimedia Commons · CC BY-SA 3.0
Estimated net worth
$15M

Quick facts

Born1978

ProfessionBoxer

NationalityAmerican

CategoryAthletes

Background and career

Antonio Margarito Montiel (born March 18, 1978) is a Mexican American former professional boxer who competed between 1994 and 2017. He held multiple welterweight world championships, including the WBO title from 2002 to 2007, the IBF title in 2008, and the WBA (Super) title from 2008 to 2009. He also challenged three times for a light middleweight world title between 2004 and 2011. Nicknamed El Tornado de Tijuana ("The Tijuana Tornado"), Margarito was known for his aggressive pressure fighting style and exceptionally durable chin. He is also known for cheating by putting plaster in his gloves for which he was banned for 1 year. In 2009, just before his fight with Shane Mosley, Margarito was involved in an incident where he was caught with illegal hand wraps containing gypsum (calcium sulfate) which, when combined with moisture, forms plaster of Paris. His signature stoppage victory over Miguel Cotto in 2008 was subsequently called into question. Following consecutive losses to Manny Pacquiao (a fight in which Margarito sustained career-changing eye damage) and a rematch against Cotto, Margarito retired from boxing in 2012 but returned for three more fights between 2016 and 2017.

Margarito was born in Torrance, California. From the age of two, he grew up in Tijuana, Mexico, where he and his brother spent a lot of time in a neighborhood boxing gym. He compiled a record of 18–3 in his relatively brief amateur career, indicating that he may have turned pro quickly due to financial concerns (which he himself confirmed on his personal television segment on HBO: Ring Life: Antonio Margarito).

Margarito made his debut at the age of 15, beating Jose Trujillo in Tijuana by decision. On April 25 he achieved his first knockout, defeating Victor Angulo in the second round. On October 17 he suffered his first defeat, a six-round decision to Victor Lozoya. Over the next six bouts, he went 4–2. Following that, his financial situation dramatically improved (which is what he was trying to achieve early on in his career) and from there he went 28–2–1, with notable wins over Alfred Ankamah, Juan Soberanes, future World Middleweight Champion Sergio Martínez, Buck Smith, David Kamau and Frankie Randall, a former World Light Welterweight Champion who became the first man to beat Julio César Chávez in 91 fights.

On July 21, 2001, he got his first world title try against southpaw Daniel Santos for the WBO Welterweight title at Bayamón, Puerto Rico's Rubén Rodríguez Coliseum. The fight had to be stopped in the first round as a consequence of a clash of heads that opened deep gashes on both fighters and sent them both to a nearby hospital. Because the fight had not gone at least four rounds, a technical decision could not be awarded. The bout was declared a no contest and Santos retained the belt.

Santos then vacated the WBO title to go up in weight and pursue the WBO Light Middleweight Championship and Margarito was assigned to fight Antonio Díaz for the vacant title in front of an HBO Boxing audience. On March 16, 2002, Margarito crowned himself world champion, beating Diaz by knockout in round ten. He defended that crown with a decision in twelve over Danny Perez Ramírez and a knockout in two over former WBA title holder Andrew Lewis. Lewis was a southpaw and a hard puncher, but had been exposed as having a weak chin, while Margarito proved that he has a world class chin. He publicly asked for a unification bout with then WBC and WBA Champion Ricardo Mayorga. At this point, Margarito considered going up in weight to try to lure Fernando Vargas, Oscar De La Hoya or Shane Mosley into a lucrative fight, or Santos into a rematch at the light middleweight division. On October 17, 2003, Margarito made his light middleweight division debut with a two-round knockout win over Maurice Brantley in Phoenix, Arizona. On January 31, 2004, back in the welterweight division, he retained his title with a second-round knockout of Canada's previously undefeated Hercules Kyvelos. Margarito faced Daniel Santos in a rematch on September 11 of the same year at the José Miguel Agrelot Coliseum in San Juan for Santos' WBO Light Middleweight title. The rematch also ended because of a headbutt, but this time, as the fight had already reached the four rounds mark needed for fights like these to be decided by judges, Margarito lost by a split ten round technical decision. He was down on two scorecards when the fight was stopped. On April 23, 2005, Margarito retained his WBO welterweight title against another Puerto Rican, undefeated world class puncher Kermit Cintron, dropping him four times on his way to a fifth-round knockout (this fight was televised by ESPN Pay-Per-View Boxing). This was regarded as one of his best wins. After almost a ten-month layoff, Margarito returned to the boxing ring on February 18, 2006, retaining his title with a first-round knockout of Jaime Manuel Gomez, who had lasted eleven rounds with Mosley for the IBF Lightweight title eight and a half years before. On December 2, 2006, Margarito defeated future champion Joshua Clottey by a twelve-round unanimous decision. Margarito set a Compubox all-time record of 1,675 total punches thrown in a twelve-round bout. In the aftermath of the fight, it was revealed that Margarito had injured his ankle a week before the fight, but went on to fight regardless of the injury.

On July 14, 2007, Margarito lost a 12-round unanimous decision to undefeated challenger Paul Williams, losing his WBO belt. After the bout, Margarito heavily disputed the decision, claiming that he had landed the most meaningful punches. Williams, however, landed the most punches (outhitting Margarito by almost a 2–1 ratio and throwing an average of over 100 punches per round) according to compubox. On April 12, 2008, Margarito engaged in a rematch with Cintron, who had won the IBF Welterweight title belt following his loss to Margarito in 2005. In the early rounds, Cintron struck Margarito with several flush power shots to the head, but Margarito remained unhurt and continued to execute a game plan of continuously moving forward and pressuring Cintron. In the sixth round, Margarito landed a liver shot, knocking Cintron out and taking the IBF title. As the referee counted Cintron out, HBO cameras captured Margarito from a neutral corner, gesturing upward with his arms and urging Cintron to get up so that the two men could continue fighting.

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