Canelo Alvarez is set to earn a huge $47million payday for his boxing return this weekend.Alvarez makes his long-awaited comeback in Riyadh, Saudi Arabia as part of his deal with boxing chief Turki Alalshikh.Canelo ranks as one of the highest-earning fighters ever from the sport, and the earnings could soon reach $1 billionGETTYHe will go straight back into the deep end against WBC 168lbs champion Christian Mbilli in an attempt to win back one of the belts he lost against Terence Crawford last September.Canelo’s purse for Mbilli fightBut the Mexican legend, who was named in Forbes’ highest-paid athletes of all-time, will be rewarded handsomely for his latest efforts.It has been reported by Boxing Scene that he will earn a mammoth $47m guaranteed purse for his endeavours against Mbilli.This fee will come before he brings home any pay-per-view and gate revenue as well as any other additional takings.The guaranteed base purse is huge and is one of Alvarez’s biggest as he steps on to Middle Eastern soil.In sharp contrast, Mbilli will land a fee of $9m guarantee, but will too earn a share of the additional earnings.However, it will be the biggest career payday for the champion, who will hope a win can lead to further lucrative nights in the ring.Canelo’s career earnings soar to over $800mAs a result of Alvarez’s latest money-spinning night beyond the ropes, he is set to have earned a major fortune from the sport.Celebrity Net Worth estimates that the 36-year-old has earned a mammoth $800m from the sport, including endorsements, sponsorships and more.Alvarez’s four fight deal with Alalshikh is believed to be worth over $300m, with one fight still remaining beyond his clash with Mbilli.Canelo earned a fortune against Crawford, and only a rematch or a clash with David Benavidez would land that mega money againGettyHis defeat to Crawford saw him earn a career-high purse of what was believed to have increased to over $100m, with the clash a real box office success.Alvarez’s fortunes changed and he became a superstar after banking $12.5m for his defeat to Floyd Mayweather in 2013.From then on a household name, he will continue to fight for big money until his final punch is thrown.What else is at stake for Canelo?For the icon, defeat could spell an early end to his career, in what would be a bitter blow to his future at world level.Big names could still be available but potentially not at the pinnacle of the division.Victory could set up some big unification clashes, with Osley Iglesias waiting in line.A potential appearance on British shores could be on the line, with Hamzah Sheeraz willing and waiting to face Alvarez.Watch Boxing on DAZN*If you click a link in this boxout, we will earn affiliate revenueSign up to DAZN to access the definitive subscription for boxing fans.Upgrade to DAZN Ultimate from just £24.99/month, guaranteeing access to 185+ fights annually, a minimum of 12 pay-per-views at no extra cost, as well as every Lega Serie A match and other elite football access.Alternatively, DAZN Standard is just £15.99/month, with the caveat you will have to pay for pay-per-view events.Click here to sign up.