Jake Paul will walk away with millions more than Anthony Joshua despite even prize money split

Jake Paul is set to walk away with millions more than Anthony Joshua despite their even prize money split during the Netflix fight last Friday.

Despite spending much of his time in the ring either on the floor or clinching the former heavyweight champ, the 28-year-old earned an eye-watering sum from the fight.

Paul had only entered the world of boxing a few years ago but has now tested himself against one of the best in the business, which suggests that it won't be the last time we see him face a world champion, even if it was only a matter of time until AJ knocked him out last Friday in Miami.

The former Disney star spared no expense in the build-up to last weekend's action, even bringing out controversial rapper 6ix9ine during a rather 'embarrassing' walk-out, although any punching practice went out of the window as he landed very few during the fight.

The pay-out from such a huge event was always going to be significant for both men last Friday, especially after it was confirmed that they'd split the prize pot of £137m, despite AJ securing a comfortable victory following Paul's comments that he was going to bring about Judgement Day against his opponent.

Naturally, you'd expect that the winner would be the one to take home the bigger prize pot, especially considering the 36-year-old's devastating punches led to Paul breaking his jaw in two places, but certain laws mean that AJ has to hand over a huge percentage of his winnings.

AceOdds explains that a big 37 per cent of his prize money will be going straight to the Internal Revenue Service (IRS) in the United States. And he then also needs to pay the gap between his complete UK tax obligation and what has already been deducted in US tax.

So, he’ll owe about £5.5 million to HMRC. It doesn’t stop there either, Joshua will, of course, then need to contribute to National Insurance, with roughly an additional £1.4 million of his prize money, which takes his total to around £32 million. And you'd bet that his bins still won't be collected on time.

Now, he's still made a huge pay packet, beaten up Jake Paul on live television and marked his boxing return with a win, but it seems as if his focus was showing the world that he's still got it.

He said: "It's not even my biggest payday; it's not about money," he said. "For me, it was more about the opportunity. I had to showcase my skills to the world."

Meanwhile, since Paul is a US citizen currently living in Puerto Rico, he is only subject to US federal taxes. He obviously has no obligation to pay any taxes in the UK, and there's also no state tax in Florida, where he was born.

So his tax bill is likely to only be around £25 million and yet his broken jaw surgery would probably have cost close to that if he didn't have insurance over in the US.

I'm sure both men will get over their tax losses, even if Paul has the extra punishment of eating and drinking through a straw for the next seven days.