. However, Muhammad Ali’s estate, estimated at between $50 million and $80 million, was divided among his nine recognised children (including his adopted son from his last marriage) and his surviving spouse.

. However, according to Forbes and Celebrity Net Worth, his legendary boxer father had an estimated net worth of between $50 million and $80 million at the time of his death.

Ali Jr. is an American social activist. As the son of a global icon, he was bullied during his youth, which had a lasting impact on him. He has founded an organisation structured to assist and engage the youth.

It aims to empower young people by helping them build their self-esteem and teaching them the value of strong character, personal integrity, and self-respect. Through this work, Ali Jr. hopes to make a positive difference in the lives of those facing similar challenges.

Ali Jr. opened up about his life's more difficult and often overlooked aspects. Despite being the son of one of the most iconic and wealthy athletes in history, he spent much of his adult life in severe poverty. Struggling with the emotional toll of his circumstances, he admitted to turning to substance abuse and prostitutes as a way to cope.

The documentary My Father Muhammad Ali, directed by The Irishman producer Chad Verdi, tells his story. The film explores the strained relationship between Ali Jr. and his father, who was largely absent from his son’s life. He was raised by his maternal grandparents from the age of five.

He also claims to have been sidelined by his extended family, including his father’s fourth wife, Lonnie, who controls the late boxer’s estate. According to the documentary, Ali Jr. receives only around $1,000 monthly from the estate.

Ali’s nine children (including his adopted son from his last marriage) received a share of his estate, with the exact distribution depending on the details set out in his will. Muhammad Ali's fourth and later wife, Lonnie Ali, also inherited a portion of his estate.

As his widow, she was appointed executor and worked closely with legal advisors to ensure his wishes were honoured. She also manages how Ali’s name and image are used. This has helped uphold the humanitarian values and social causes he stood for.

Muhammad Ali had eight biological children, from youngest to oldest: Hana, Miya, Khalilah, Laila, Muhammad Ali Jr., Jamillah, Rasheda, and Maryum.

On November 19, 1986, he married his fourth wife, Lonnie, at a private family ceremony in Louisville, Kentucky. The couple later adopted a son, Asaad, when he was just five months old. Together, they raised him in a small town in Michigan.

Yes, in 2016, Ali Jr. reportedly pawned a robe his father wore during a photo shoot with fellow boxing legend Joe Frazier. The transaction happened at American Jewellery and Loan in Detroit, run by Les Gold and his son Seth, from the reality TV series Hardcore Pawn.

Before proceeding, they conducted a thorough investigation to confirm that the man was indeed Muhammad Ali's son, and they were satisfied with his identity.

The Everlast robe closely resembled the one in the famous photograph. But there was no definitive way to prove its authenticity. Because of this, they negotiated a modest purchase price of $500. Despite the lack of official authentication, they later managed to resell the robe at a good profit.

There is no information available about Ali Jr.’s current home. However, in 2016, The Daily Mail UK reported that just over a month after his father’s death, Ali Jr. left the family home on Chicago’s South Side and relocated to a more affluent area of the city. The insider revealed that his new home was located near Midway Airport.

According to sources, he had hoped to improve his living conditions after receiving some inheritance money. At the time, he was living with his wife, Shaakira, and their two young daughters, Ameera and Shakera, and they had been relying on food stamps and charitable support to get by.

Final word

Muhammad Ali Jr.'s net worth is not publicly disclosed. However, he and his eight siblings, plus Ali’s surviving wife, Lonnie, shared the boxer's fortune, which was valued at between $50 million and $80 million. The distribution depended on the details (undisclosed) set out in his will.

Tuko.co.ke has published an article about Tate McRae's net worth. McRae is a Canadian singer, songwriter, and dancer. She’s quite successful and earns through her music career and endorsements from top brands like Adidas, Essentia Water, and more. So, what’s her net worth? Check out this article for details.

Source: TUKO.co.ke