Anthony Joshua lost more than 40 million dollars after the victory with Jake Paul. Where did the British boxer’s money go?

Despite talk of a whopping $91 million, Anthony Joshua was left with far less money after the Jake Paul showdown.

Following the duel in the United States, the British actually collected less than 50 million dollars, the amount being drastically reduced by taxes applied in two different countries. In the end, its net income reached about half that of its American rival.

The match between the former world heavyweight champion and Jake Paul, who became a boxer after the success of online, was a real financial phenomenon. The event, broadcast by Netflix, generated an estimated total purse of $184 million, split equally between the two protagonists, at least on a theoretical level.

The US withheld more than $30 million of the Briton’s winnings

In practice, however, things were different for Joshua. Being resident in Great Britain and fighting on American soil, he was subject to double taxation. In the US, his income was federally taxed at up to 37%, which meant direct withholding of over $30 million. Even though Florida does not charge a state income tax, this has not significantly reduced the losses.

Subsequently, the remaining amount was also taxed in the United Kingdom, where the maximum income tax rate reaches 45%, to which social security contributions are added. Even if the British tax was only applied to the already diminished income, experts estimate that Joshua was left, in the end, with about 48 million dollars of the amount originally promised.