Boxing legend Mohammad Ali’s net worth was revealed by no other than his former wife, Khalilah Camacho-Ali who also told media about the dispute. She also revealed that the family of Mohammad Ali is at war over his wealth.
Khalilah has spilled the beans about a war over her late ex-husband’s wealth. In her interview with Radar Online, she said that the boxing legend’s brother, Rahman and son Mohammad, Jr. have accused his current wife Lonnie Ali of cutting them out of the legend’s bill.
Mohammad Ali passed away on 3 June following a bout of respiratory failure and just hours after that the looming battle over his fortune has surfaced. Khalila revealed about the family feud on Saturday.
As Radar Online stated, Lonnie became Ali’s fourth wife in 1986, two years after he was diagnosed with Parkinson’s. She was his childhood friend. However, it has been speculated that Lonnie moved into an apartment near his home and served Ali as a nurse after he started showing the symptoms of Parkinson’s with pre-planned motives.
On the other hand, it cannot be said whether Khalila would join the other members and demand her share. But she played a vital role in Ali’s success. Ali had some of his career-defining fights while Khalila and he were still together. They divorced in 1977. She had a close relationship with Ali’s staff and trainer Angelo Dundee. She said that Dundee was “like family”, as stated by Inquisitr.
Khalila said, “Angelo was never interested in just making money off Ali, He could have easily sold out Ali, but he truly cared and had compassion for all of his boxers.”
Hollywood Take reported that Ali sold the rights to his name and image to licensing company CKX for $68 million (US$50 million) in 2006. Moreover, after his retirement between 2001 and 2005, he made between $5.4 million (US$4million) and $9.5 million(US$7 million) million per year through brand endorsement.
In 2015 he signed a contract with Under Armour for a “lifestyle apparel” clothing line which featured his image. It has been speculated that his fortunes were worth $109 million (US$80 million) at the time of his death.