Tyson Fury’s $76 Million Payday KO’d By Taxman – Who Is The Real Richest Winner Here?

British heavyweight Tyson Fury is set to have his earnings cut in a rematch with world champion Oleksandr Usyk. Financial data shows that Fury’s initial earnings of US$76.1 million for the match will be almost halved due to mandatory tax and National Insurance deductions issued by the United Kingdom.

In the rematch, part of the $190 million prize money, Oleksandr Usyk, the current WBA, WBC, and WBO champion, is expected to receive 60% of the total purse, which equates to approximately $114 million. In contrast, Tyson Fury’s share represents 40%, reaching $76.1 million. However, this figure is heavily influenced by UK taxation. According to estimates by bookmaker Jeff Bet, Fury is expected to pay back taxes of $28.19 million ($35.7 million). This includes £26.99 million in income tax and £1.2 million in National Insurance, leaving him with an estimated £31.81 million ($40.3 million).

Data provider Jeff Beth emphasized the inevitability of these taxes on UK citizens who earn large amounts of foreign income. He said that Daily Mail“If you are a resident of the UK, you have to pay tax on your foreign earnings, and this remains the same no matter how much you earn. Good tax advice is always important and at this point, you can be sure that the Fury camp will have been looking for a deal that would be very beneficial. .

Despite the huge tax, Fury’s earnings remain huge. In their first fight in May 2024, Fury earned $103 million from a 70% share of the $147 million purse, while Usyk received $44.4 million from his 30%. Fury’s huge brand recognition and sales have positioned him as a leader in the heavyweight division.