Record purse, record tax: How much Usyk really takes home after deductions
Usyk to receive massive payout for Dubois fight, part will go to Ukraine (photo: Getty Images)
By defeating Daniel Dubois, Oleksandr Usyk not only cemented his name in the history of world boxing but also secured a record-breaking purse of over $130 million. However, a significant portion of this amount will not remain in the athlete's pocket, as the law requires the boxer to pay substantial taxes. Here's how much Oleksandr Usyk has to pay in taxes in Ukraine and what amount will remain from his winnings.
How much did Usyk earn for the fight against Dubois?
Usyk's payout for the rematch with Daniel Dubois in London is estimated at $132.28 million.
It's worth noting that the total prize fund for the bout was approximately $203.5 million, with a 65/35 split in favor of Oleksandr Usyk, resulting in over $71 million for Dubois.
How much tax does Usyk have to pay?
As Oleksandr Usyk is a tax resident of Ukraine, he is required to pay taxes on his winnings, in particular:
Personal Income Tax (PIT): $23.81 million
Military Levy: $6.6 million
Total taxes: $30.41 million, which will go to the Ukrainian state budget.
After all deductions, the Ukrainian boxer will receive a net amount of around $101.87 million.
Additional expenses
In addition to taxes, Usyk's payout is also subject to other costs related to organizing the bout.
These include promoter fees, payments to his team (trainers, management), legal and insurance costs, and logistics.
According to some estimates, these expenses could reduce the amount by another $4-5 million.
You may be interested in:
- What Oleksandr Usyk eats before entering the ring
- Oleksandr Usyk's message to Ukrainians after his victory
Sources: The Guardian, BoxingScene, Givemesport, TalkSport.
