Andrew Tate’s brother Tristan bragged that the former kickboxing champion was set to earn $52million for his part in last night’s Misfits Mania event.
Throughout the build-up to his fight with Chase DeMoor, Tate was being pitched as Misfits Boxing’s new CEO, taking over the mantle from KSI. This was almost certainly a WWE-style work, but what apparently is true is that he took a percentage of the company when signing up to fight in Dubai.
Should Andrew Tate box again?
After a disastrous decision loss to Chase DeMoor, should Andrew Tate hang up the gloves or do you think he will fight on?
The bout was a massive hit for broadcaster Rumble Premium. But it was a disaster for the Tate brand as he gassed out, hit the canvas and was ultimately defeated by DeMoor, who is best known as a reality TV star.
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Andrew Tate’s payout for boxing fight revealed by brother Tristan Tate
One thing that is undeniable about the Tate brothers is that they have a remarkable skill for making money across different ventures. Perhaps the means are at times alleged to be nefarious, but they have accumulated a net worth that Andrew Tate claims is around $700million.
And in an episode of the Cars and Money podcast that appears to have only been released in YouTube shorts segments, Tristan noted that the ownership stake that Andrew has taken meant he was earning far beyond last night’s event.
“The whole rumor about Andrew as the new CEO of Misfits, that’s true,” Tristan explained. “We demanded 10 per cent of the company.
“If Andrew fought on Misfits and then becomes the face of Misfits, your company has just gone up 50 per cent in value. So give us 10 per cent. It was a simple business negotiation.”
Tristan then made an albeit dubious claim that Misfits is valued at $520million. “If you think about it, even aside from his prize money which he can discuss if he wants, I don’t want to say what amount it is, then it’s a $52million pay day.”
The younger Tate brother also admitted in part that the KSI situation is something of a work. He noted that the YouTuber is still a major owner of the company, but understood the business benefit of the Tates’ involvement.
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