Over the years, Frazier has lost a fortune through a combination of his own generosity and naïveté, his carousing, failed business opportunities and a deep hatred for his former chief boxing rival, Muhammad Ali. The other headliners from his fighting days — Ali, George Foreman and Larry Holmes — are millionaires. But while Ali has benefited from lucrative licensing agreements and remains one the world’s most recognized and celebrated athletes, Frazier lives alone in an apartment one staircase above the gym where he and others train young fighters in a run-down part of town.
“But I guess, in a way, I’m rich, too. I have my family and I have a sound mind and a sound body, and after all of those brutal fights, I’m lucky to still have my eyesight.”