Muhammad Ali’s ‘Rumble in the Jungle’ belt sells for almost 50 crore INR

The winner of the heated competition for the belt was Indianapolis Colts owner Jim Irsay, according to Heritage Auctions in Dallas.

FILE PHOTO: The iconic ‘Rumble in the Jungle’ belt of late boxing champion Muhammad Ali is displayed for auction at the Heritage Auctions house in Manhattan. | Photo Credit: Eduardo Munoz

Muhammad Ali’s championship belt from his 1974 “Rumble in the Jungle” heavyweight title fight was sold at an auction on Sunday for $6.18 million (approximately 49,32,84,819 INR).

The winner of the heated competition for the belt was Indianapolis Colts owner Jim Irsay, according to Heritage Auctions in Dallas.

In a tweet on Sunday, Irsay confirmed he acquired the belt for his collection of rock music, American history and pop culture memorabilia that is currently touring the country.

BREAKING—-Muhammad Ali's
championship belt from 1974 'Rumble in the Jungle' when he employed his rope-a-dope and defeated George Foreman—-just added to @IrsayCollection Just in time for the Aug. 2 show at Chicago's Navy Pier (and Sept. 9 at Indy). Proud to be the steward!🙏 pic.twitter.com/REJOGV1Cwq

— Jim Irsay (@JimIrsay) July 24, 2022

The belt will be displayed on August 2 at Chicago’s Navy Pier and on September 9 in Indianapolis.

“Proud to be the steward!” Irsay tweeted.

“After several hours of watching two bidders go back and forth over this belt, this proved to be a battle worthy of the Rumble itself,” Chris Ivy, Heritage’s director of sports auctions, said in a statement.

The 1974 fight was one of boxing’s most memorable moments. Ali stopped the fearsome George Foreman to recapture the heavyweight title in the African nation of Zaire. Ali won the fight in a knockout in the eighth round.