Saul Alvarez net worth: Saul Alvarez, AKA "Canelo", is a professional Mexican boxer in the Light Middleweight division who has a net worth of $8.5 million. Saul Alvarez was born July 18, 1990 in Guadalajara, Mexico. Saul's nickname "Canelo" is the Spanish word for cinnamon, which is a reference to his red hair. Saul Alvarez is slightly unique in that he looks like he could have been born and raised in Dublin, Ireland but is in fact full blooded Mexican and speaks very little English. Manny Pacquiao was allegedly offered a whopping $65 Million to face Saul in Mexico but Pacquiao declined. On May 5th, 2012, Saul Alvarez earned a purse of $1.2 million when he faced and subsequently defeated Sugar Shane Mosley. On September 16th 2012, Saul Alvarez defeated Josesito Lopez and earned a $2 million purse plus a $100,000 knockout bonus from Golden Boy Promotions. He is set to face Floyd Mayweather on September 14, 2013 and will earn a minimum $5 million purse plus a percentage of PPV profits which is expected to bring his total take up to $12 million.