Editing Muhammad Ali (section)

=== Earnings ===
By 1978, Ali's total fight purse earnings were estimated to be nearly $60{{nbsp}}million<ref>{{cite news |url=https://www.newspapers.com/article/the-age/138784393/ |archive-url=https://web.archive.org/web/20240115122421/https://www.newspapers.com/article/the-age/138784393/|newspaper=[[The Age]] |title=Corporal Spinks, you're the greatest! |archive-date=January 15, 2024|date=February 17, 1978 |access-date=January 15, 2024|via=[[Newspapers.com]]}}</ref> (inflation-adjusted {{US$|{{#expr:({{Inflation|US|12550000|1969}}+{{Inflation|US|1050000|1970}}+{{Inflation|US|3600000|1971}}+{{Inflation|US|1800000|1972}}+{{Inflation|US|950000|1973}}+{{Inflation|US|7500000|1974}}+{{Inflation|US|11000000|1975}}+{{Inflation|US|12300000|1976}}+{{Inflation|US|5750000|1977}}+{{Inflation|US|3500000|1978}})/1000000 round 0}} million|long=no}}), including an estimated $47.45{{nbsp}}million grossed between 1970 and 1978.<ref name="jet78">{{cite magazine |title=Muhammad Ali's Finances A Puzzle To News Media; 'I'm Broke,' He Quips |magazine=[[Jet (magazine)|Jet]] |date=April 13, 1978 |volume=54 |issue=4 |page=53 |url=https://books.google.com/books?id=c0IDAAAAMBAJ&pg=PA53  |language=en |access-date=July 24, 2023 |archive-date=October 31, 2023 |archive-url=https://web.archive.org/web/20231031224611/https://books.google.com/books?id=c0IDAAAAMBAJ&pg=PA53#v=onepage&q&f=false |url-status=live }}</ref> By 1980, his total fight purse earnings were estimated to be up to $70{{nbsp}}million<ref name="people">{{cite news |title=His Lifestyle, His Ex-Wives, His Expensive Entourage: They Explain Why Ali Took An $8 Million Beating |url=http://people.com/archive/his-lifestyle-his-ex-wives-his-expensive-entourage-they-explain-why-ali-took-an-8-million-beating-vol-14-no-16/ |work=[[People (magazine)|People]] |date=October 20, 1980 |language=en |access-date=May 12, 2018 |archive-date=May 12, 2018 |archive-url=https://web.archive.org/web/20180512112825/http://people.com/archive/his-lifestyle-his-ex-wives-his-expensive-entourage-they-explain-why-ali-took-an-8-million-beating-vol-14-no-16/ |url-status=live }}</ref> (inflation-adjusted ${{#expr:(304400000+{{Inflation|US|10000000|1981}})/1000000 round 0}}{{nbsp}}million).

In 1978, Ali revealed that he was "broke" and several news outlets reported his net worth to be an estimated {{US$|3.5 million|long=no}}<ref name="jet78" /> (inflation-adjusted ${{Inflation|US|3.5|1978}}{{nbsp}}million). The press attributed his decline in wealth to several factors, including taxes consuming at least half of his income, management taking a third of his income,<ref name="jet78" /> his lifestyle, and spending on family, charity and religious causes.<ref name="people" />

In 2006, Ali sold his name and image for $50{{nbsp}}million,<ref>{{cite news |last=Burkeman |first=Oliver |title=Ali, the Greatest, sells his name and image for $50m |url=https://www.theguardian.com/world/2006/apr/13/usa.sport |work=[[The Guardian]] |date=April 13, 2006 |language=en |access-date=May 11, 2018 |archive-date=May 11, 2018 |archive-url=https://web.archive.org/web/20180511150317/https://www.theguardian.com/world/2006/apr/13/usa.sport |url-status=live }}</ref> after which ''[[Forbes]]'' estimated his net worth to be $55{{nbsp}}million in 2006.<ref>{{cite news |title=Muhammad Ali, The Top 100 Celebrities |url=https://www.forbes.com/lists/2006/53/39A3.html |access-date=May 10, 2018 |work=Forbes Celebrity 100 |year=2006 |archive-date=May 12, 2018 |archive-url=https://web.archive.org/web/20180512045613/https://www.forbes.com/lists/2006/53/39A3.html |url-status=live }}</ref> Following his death in 2016, his fortune was estimated to be between $50{{nbsp}}million and $80{{nbsp}}million.<ref>{{cite news |title=Muhammad Ali's Name Likely to Rake in the Cash for Years to Come |url=https://www.nbcnews.com/business/business-news/muhammad-ali-s-name-likely-rake-cash-years-come-n587086 |work=[[NBC News]] |date=June 7, 2016 |access-date=May 11, 2018 |archive-date=May 11, 2018 |archive-url=https://web.archive.org/web/20180511214757/https://www.nbcnews.com/business/business-news/muhammad-ali-s-name-likely-rake-cash-years-come-n587086 |url-status=live }}</ref>