Bob Arum Net Worth

Bob Arum is an American lawyer, boxing promoter and businessman. He is the founder and CEO of Top Rank, a professional boxing promotion company. Arum has promoted many top boxers over his career including Muhammad Ali, Joe Frazier, George Foreman, Sugar Ray Leonard, Marvelous Marvin Hagler, Oscar De La Hoya, Floyd Mayweather Jr. and Manny Pacquiao.

Name:
Bob Arum

Net Worth:
$320 Million

Salary:
$26 Million +

Monthly Income:
$2 Million +

Profession:
American lawyer

Age:
92 Yrs

Height:
5 ft 6 in (1.73 m)
Nationality:
American

Date Of Birth:
1931-12-08

Gender:
Male

Early Life and Education

Robert “Bob” Arum was born on December 8, 1931 in Brooklyn, New York. His family was Jewish and his grandparents were immigrants from Eastern Europe. Arum studied at Erasmus Hall High School and graduated from New York University in 1953 with a degree in law. He then attended Harvard Law School and graduated in 1956 with a Juris Doctor degree.

Career As A Boxing Promoter

After graduating law school, Arum worked as an attorney in the tax division of the U.S. Department of Justice. In 1965, he stepped into the world of boxing promotion when one of his clients, Muhammad Ali, asked him to run the promotional side of his upcoming fight. Arum founded his company Top Rank the same year. Over the next decades, Arum would promote some of boxing’s biggest superstars and legendary matchups.

Some major fights Arum has promoted include:

  • The “Thrilla in Manila” – 1975 fight between Muhammad Ali vs. Joe Frazier
  • “The Rumble in the Jungle” – 1974 fight between Muhammad Ali vs. George Foreman
  • Sugar Ray Leonard vs. Roberto Duran (1980, 1989)
  • Oscar De La Hoya vs. Floyd Mayweather Jr. (2007)
  • Manny Pacquiao vs. Ricky Hatton (2009)

Arum has promoted over 20,000 fights in his career, making him one of the most successful boxing promoters ever.

Top Rank Company

Today, Arum’s promotional company Top Rank promotes boxing events in venues across Las Vegas, Nevada and coordinates major pay-per-view events. Top Rank represents many top boxers including Tyson Fury, Vasyl Lomachenko, Naoya Inoue and Shakur Stevenson.

Over the decades, Top Rank has generated hundreds of millions in PPV revenues through promoting major fights. Arum himself reportedly takes in over $20 million per year from Top Rank’s operations.

Net Worth

According to CelebrityNetWorth, Bob Arum has an estimated net worth of $200 million as of 2023. The majority of his wealth comes from the success of Top Rank promotions over nearly 60 years in boxing. Top Rank generates tens of millions per year in revenues from live gates, sponsorships, licensed merchandise sales and pay-per-view buys.

Arum has negotiated some of the biggest payouts in boxing history for his fighters. He also takes a percentage from the fighter’s purse as the promoter. Even in his 90s, Arum continues to be one of the leading power-brokers in organizing major boxing matches as the CEO of Top Rank.

Personal Life and Other Ventures

Arum has been married since 1966 to Lovee duBoef. He has two step-children through that marriage and several grandchildren. An active philanthropist, Arum donates to various causes including the Muhammad Ali Parkinson Center.

In addition to boxing promotion, Arum is also the founder of a real estate development company in Las Vegas called Top Rank Properties. He has helped develop major retail centers, residential high rises and office complexes in the Las Vegas area over the years.

Bob Arum Height and Age

Bob Arum is currently 91 years old. He was born on December 8, 1931. Arum stands at a height of 5 feet 9 inches (175 cm). Images of Arum towering over some of his star boxers like the 5’7″ Manny Pacquiao show the promoter’s relatively tall stature.

Bob Arum FAQs

Here are some frequently asked questions about iconic boxing promoter Bob Arum:

How much is Bob Arum actually worth?

CelebrityNetWorth estimates Bob Arum’s net worth to be around $200 million as of 2023. The majority of his wealth comes from Top Rank boxing promotions company which represents top fighters and organizes major PPV events.

Is Bob Arum still the CEO of Top Rank?

Yes, even at 91 years old, Arum continues to be the CEO of Top Rank promotions which he founded in 1965. He oversees matchmaking, fighter relations, sponsorships and PPV events for the promotion company.

What fighters has Bob Arum promoted?

Some star boxers Bob Arum has promoted over his decades-long career include Muhammad Ali, George Foreman, Joe Frazier, Sugar Ray Leonard, Marvelous Marvin Hagler, Oscar De La Hoya, Floyd Mayweather Jr., and Manny Pacquiao.

How much does Bob Arum make per fight?

As promoter, Arum can take home 10-20% of a boxer’s purse from big PPV fight events. With top bouts grossing upwards of $50+ million, Arum has made $10+ million from single events through promoter fees.

How old is Bob Arum?

As of 2023, promoter Bob Arum is 91 years old, having been born on December 8, 1931. He continues to be actively involved in organizing major boxing matches into his 90s as Top Rank CEO.

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