American retired professional boxer Fernando Javier Vargas, aka Fernando Vargas’s, net worth is $500,000.
He was active in the game of boxing from 1997 to 2007.
Vargas was a two-division world champion in light middleweight, holding the IBF championship from 1998 to 2000 and the WBA championship from 2001 to 2002.
Fernando, who won the IBF title at the age of 21, became the youngest fighter in history to win a world title in the light-middleweight division.
Fernando Vargas (Source: Twitter)
Likewise, he became the youngest boxer in history to win the US Championship.
Moreover, he finished third in the light welterweight class at the 1995 Pan American Games and was promoted to the second round of the welterweight division at the 1996 Olympics as an amateur.
Fernando Vargas | Quick Facts
To understand more about Fernando, let’s look at his quick facts.
Multi-talented boxer and athlete Fernando Vargas has a net worth of $500,000.
His wealth was largely amassed as a result of his professional boxing career.
In general, the average remuneration of world champions every match is between two and five million dollars, depending on the category and federation.
As Fernando was a world champion several times, we are 100% confident that he was paid a good amount to continue fighting.
Currently, he owns a gym in Las Vegas, where he trains amateur fighters, hopefuls, and contenders.
Most boxing coaches’ salaries in the United States vary from $34,500 to $83,500 per year, with top earners getting $161,500 per year.
Hence, Vargas is bound to make above $50K every year from his job as a boxing coach only.
In addition, he also starred in a few movies and television series after retiring from boxing. He has been part of movies that have generated millions of dollars at the box office.
Vargas has had a number of odd court proceedings during the last few years. He’s accused his former manager of embezzlement.
The manager refutes the allegations. Similarly, he has attempted to evict his mother from her home.
He claimed that it was his property and that there were “financial irregularities” while she was his manager.
Fernando’s name has also been linked to a financial con artist. Vargas’ lawyer has conceded that his client has financial troubles.
Due to these problems, his net worth is low, which once stood at $8 million.
Fernando Vargas Net Worth in Different Currencies
Let’s look into Fernando Vargas’s net worth in different currencies, including the cryptocurrency Bitcoin.
Currency
Net Worth
Euro
€ 470,975
Pound Sterling
£ 398,250
Australian Dollar
A$ 690,857.50
Canadian Dollar
C$ 636,330
Indian Rupee
₹ 38,036,250
Bitcoin
฿ 12.62
Fernando Vargas | Houses & Cars
Houses
As of April 2024, Fernando Vargas’s net worth is $500,000.
He previously had a house in Oxnard, California, where he lived for many years. Actually, Fernando was born and raised in that place.
Right now, Vargas lives in Las Vegas with his family.
Although, the details about his property have not been revealed in the media.
Cars
Fernando was rumored to have a collection of high-end automobiles that he had brought when he was at his peak.
Although, there are no details about his car collection. We couldn’t dig any information about his automobile.
But with a successful career, Vargas must have a few cars in his garage.
Fernando Vargas | Lifestyle and Vacations
Lifestyle
Famous American boxer Fernando Vargas lives a comfortable lifestyle with a net worth of $500,000.
Vargas was born in Oxnard, California, on December 7, 1977. He was trained by Eduardo Garcia and had a 100-5 amateur record.
He never used drugs, but he had a problem with drinking, despite the fact that he is now sober.
Fernando takes pride in his sobriety.
Moreover, Vargas owns and operates a gym, which keeps him busy. That is why he can now declare that the negatives he has to deal with can be turned into benefits.
Now he sees the things through the lens of his children, especially Amado, Emiliano, and Fernando Jr., his three sons.
Fernando Vargas With his Son (Source: Boxing Social)
All three are going to fight officially, with him as their head trainer leading from the front.
It wasn’t part of the Vargas family’s initial intention. People can die, which is why he didn’t want his children to fight.
They did, however, follow in their father’s footsteps. All three have sparred with some of the sport’s best fighters and appear to be on their way to becoming major contenders in their own right.
Fernando was simply overjoyed to be with his sons, deepening their bond.
His wife Martha had great confidence in their father’s abilities to keep them safe, albeit she expressed concern, as she did when her husband competed.
They have been married for more than 27 years, which is both powerful and uplifting.
Vacations
Fernando’s long career has taken him all over the world.
Vargas spends most of his time in the gym training athletes, but he also enjoys spending time with children.
Vargas enjoys relaxing by a pool or on the beach when he isn’t training.
Furthermore, he was spotted vacationing in Oxnard during the holidays in 1998.
Fernando Vargas | Charity
Vargas has been involved in many charitable deeds.
He founded the Fernando Vargas Fighting Foundation, which provides a fighting chance to inner-city children in Las Vegas.
Fernando Vargas Charity Organization (Source: His Foundation)
Similarly, Fernando wants to get these kids off the streets, off drugs, and away from that kind of thing, and it keeps him busy, which he enjoys.
Fernando Vargas | Movies, Investment, and Endorsement
Movies
After retiring from boxing, Fernando has ventured into the world of acting.
In 2006, Vargas had a role as Tiko “TKO” Martinez in the crime thriller film “Alpha Dog.”
Vargas also appears on the TV series “Moesha” as an anonymous guest star. He was part of season 2 in 1996.
Likewise, he and his family were the stars of the reality show “Welcome to Los Vargas,” which aired on Mun2 station in 2014.
In addition, he also competed in the Telemundo reality show “Top Chef Celebrity” with many celebrities.
Similarly, Fernando has been featured in movies and documentaries such as “Stiletto” (2008) and “El Boxeo” (2013).
Furthermore, Vargas has appeared in many television series like “Tanked” (2018), “I Love Jenni” (2013), “Mi Sueño Es Bailar” (2011), and “Rome Is Burning” (2006), and a few others.
Investment
Fernando Vargas’s net worth as of April 2024 is $500,000.
As a retired boxer, Vargas’s biggest investment is the boxing gym that he has opened in Vegas.
He trains lots of young fighters, including his own sons.
Similarly, Fernando has lately started appearing in movies and television series, which is his next investment.
Endorsement
Fernando has endorsed his training gym in California.
Many young and famous fighters have walked through the doors of the La Colonia Boxing Gym in Oxnard, and it has played an important role in shaping their lives and careers.
With rage issues and no father, the gym helped him achieve his goal of becoming a champ.
He claims that he would be in jail or dead if it weren’t for the gymnasium.
Boxing saved Fernando, as well as countless others, from the streets of Oxnard in a sense.
With funding cuts approaching from the town of Oxnard, Fernando came up in the hopes that the legendary gym could stay open longer for newer boxers in 2019.
Furthermore, he was named honorary pace car driver for the NASCAR Mexico Toyota Series’ inaugural race.
Fernando Vargas’s net worth is a massive $500,000 as of April 2024.
Fernando made his professional debut on March 25, 1997. Vargas defeated Jorge Morales within only 56 seconds.
He easily defeated his next five opponents, fighting for only eight rounds in each of his first six fights.
When he earned his first world title, Fernando had won all 14 of his bouts by knockout.
In 1998, he won his first world title, the IBF light middleweight, by putting out Yori Boy Campas in seven rounds.
Fernando Vargas Coaching (Source: Boxing Scene)
Vargas successfully defended his title against Howard Clarke, Raul Marquez, Winky Wright, and Ike Quartey throughout 1999.
In the year 2000, Vargas was defeated by Félix Trinidad for the title.
Fernando fought Sugar Shane Mosley twice in 2006. Vargas lost both of his battles to Mosley, and his last fight was in 2007 against Ricardo Mayorga.
He concluded his professional career with a 26-5 record.
Some Interesting Facts About Fernando Vargas
Vargas was supposed to make his pro debut in November 1996. However, he damaged his right hand while prepping for his first fight.
Fernando simply wants to be known as a competent fighter who is always ready to battle.
The World Boxing Hall of Fame named him “Fighter of the Year” in 1999.
FAQs
Is Fernando Vargas healthy?
Yes, he is going great. Vargas has opened up about his health now, discussing visits to the doctor and specific activities for brain activation and memory.
What does Fernando Vargas think of life?
Life has continued to throw challenges his way; he’s given in to temptation on occasion, but he’s come out the other side a healthy, loving husband and father.
Was Fernando Vargas arrested?
Vargas was sentenced to 90 days of house arrest in 2001 after being charged with assault in 1999.
Rovik is an editor and content writer; with a bachelors degree in Journalism, he has worked in niches such as sports, entertainment, news, and trending.
