Richard Schaefer Net Worth is
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Richard Schaefer is the former CEO of Golden Boy Promotions, a professional boxing promotion company based in Los Angeles.
Schaefer grew up in Switzerland. He is a Swiss national who began his career in 1983 at Swiss Volksbank (now Credit Suisse). Upon graduation from the Swiss Banking School, a division of the Swiss Finance Institute. In 1994, Schaefer became manager of the Swiss Bank office in Los Angeles. Two years later, Swiss Bank took over UBS (the largest bank in Switzerland). The surviving entity was UBS. Schaefer was placed in charge of operations for the western United States. In 1997, he was named deputy CEO of all UBS private banking operations in the United States. At the time, UBS oversaw two trillion dollars in assets with private banking at the core.
He stunned his family and gave up banking in 2000 to join Oscar De La Hoya's fledgling business organization, to help the young boxer "build up a business empire." Schaefer first focused on the business of managing fighters, but soon switched tracks to the more lucrative event promotion business, lining up deals for boxing matches for Latino television audiences. More recently, Schaefer and De La Hoya have branched out into real estate, most prominently with a $70 million acquisition and redevelopment of a Sears site in Boyle Heights. Schaefer has other links to Hispanic culture as well: His wife is from Mexico.
==References==On June 3rd, 2014, Richard ubruptly left the Golden Boy company.

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Richard Schaefer Latest News

Schaefer: Spence-Garcia Could Produce 1M PPV Buys, 50K Tickets

DALLAS – Richard Schaefer explained the reasons for his seemingly extreme optimism. The veteran promoter told BoxingScene.com on Thursday that pay-per-view and ticket sales for the Errol Spence ...
Posted: March 14, 2019, 5:00 pm

The future of pay-per-view

It turns out that it's not going anywhere, and it's here to stay. "Not only is it alive and well," said Richard Schaefer, the head of Ringstar Sports. "It's going to be bigger than ever. These pay-per ...
Posted: February 27, 2019, 6:24 am

Inoue tipped to be Donaire’s next foe

The WBSS is the brainchild of German promoter Kalle Sauerland and Ringstar Sports CEO Richard Schaefer. It was conceived to unify recognition of a single world champion in every division. So far, the ...
Posted: April 29, 2019, 10:27 am
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