Richard Schaefer began his career in finance, working in private banking before making a bold pivot into the world of boxing promotion. His sharp business acumen caught the attention of Oscar De La Hoya, leading to a partnership that would redefine the sport. In 2000, Schaefer co-founded Golden Boy Promotions, where his strategic vision and deal-making skills helped elevate the company into a powerhouse. His ability to secure lucrative sponsorships and high-profile fights quickly earned him a reputation as one of the most influential figures in boxing.

Schaefer’s rise to fame was fueled by his knack for bridging the gap between athletes and corporate interests, turning fighters into global brands. He orchestrated landmark deals, including Floyd Mayweather’s record-breaking pay-per-view bouts, solidifying his status as a game-changer in the industry. Schaefer’s relentless drive and innovative approach not only transformed Golden Boy Promotions but also reshaped the business side of boxing, making him a household name among fans and executives alike.

Richard Schaefer’s Net Worth in 2025

As of 2025, Richard Schaefer’s estimated net worth is around $50 million. His wealth stems from decades in boxing promotion, high-profile deals, and savvy business ventures. While exact figures fluctuate, his financial success reflects his influence in sports and entertainment.

Richard Schaefer’s Career

Richard Schaefer is best known as a boxing promoter and former CEO of Golden Boy Promotions. He played a key role in elevating fighters like Oscar De La Hoya and negotiating major pay-per-view events. Later, he founded Ringstar Sports, further cementing his reputation in combat sports.

Richard Schaefer’s Other Ventures

Beyond boxing, Schaefer has invested in real estate and tech startups. He’s also involved in advisory roles for sports management firms. His diverse portfolio highlights his ability to identify and capitalize on lucrative opportunities outside the ring.

Richard Schaefer’s Assets

Schaefer owns multiple properties, including a luxury home in Los Angeles. He also holds stakes in private equity funds and collectibles like rare memorabilia. These assets contribute significantly to his overall financial stability.

Richard Schaefer’s Annual Income

Schaefer earns an estimated $5 million annually from promotions, endorsements, and investments. His income varies based on event success and market conditions, but he consistently maintains a high-earning profile in the sports industry.

Frequently Asked Questions about  Richard Schaefer

What is Richard Schaefer’s net worth?

Richard Schaefer’s net worth is estimated to be in the range of tens of millions of dollars, primarily accumulated through his successful career in boxing promotion and financial services.

How did Richard Schaefer make his money?

Richard Schaefer earned his wealth through his roles as a boxing promoter, executive, and financier, notably as the CEO of Golden Boy Promotions and later through his own ventures like Ringstar Sports.

What is Richard Schaefer’s role in boxing?

Richard Schaefer is a prominent boxing promoter and executive, known for co-founding Golden Boy Promotions with Oscar De La Hoya and later establishing Ringstar Sports to manage and promote fighters.

Did Richard Schaefer work with Oscar De La Hoya?

Yes, Richard Schaefer co-founded Golden Boy Promotions with Oscar De La Hoya in 2002 and served as its CEO until his departure in 2014 due to disagreements.

What is Ringstar Sports?

Ringstar Sports is a boxing promotion company founded by Richard Schaefer after leaving Golden Boy Promotions, focusing on managing and promoting up-and-coming fighters.

Has Richard Schaefer been involved in any controversies?

Richard Schaefer faced controversies, including a legal dispute with Golden Boy Promotions and Oscar De La Hoya over financial and managerial disagreements, which led to his departure from the company.

What other businesses is Richard Schaefer involved in?

Beyond boxing, Richard Schaefer has a background in banking and financial services, having worked at UBS before transitioning into sports promotion.

How has Richard Schaefer influenced boxing?

Richard Schaefer played a key role in modernizing boxing promotion, securing major deals, and elevating the sport’s commercial appeal through high-profile fights and partnerships.

Where is Richard Schaefer from?

Richard Schaefer was born in Switzerland and later moved to the United States, where he built his career in finance and boxing promotion.

Is Richard Schaefer still active in boxing?

Yes, Richard Schaefer remains active in boxing through his promotion company, Ringstar Sports, where he continues to sign and develop fighters.