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Mid twenties is not too late to take up boxing competitively, and no age is too late to take it up for fitness, fun and self defence. Enjoy.
In general, however, top-tier fighters with significant drawing power can negotiate for a larger share of the revenue. For example, a boxer like Floyd Mayweather Jr. has been known to earn around 50% of the total revenue generated by his fights, including both ticket sales and PPV buys.
Boxers can earn income through various channels, including fight fees determined by their ratings, popularity, and the promotion of the boxing event. A promotion company they have a contract with may pay wages, and boxers can also earn money by participating in sparring sessions while honing their skills.
Yes, plenty of fighters have proven you can get rich from not just boxing but in all combat sports. However, it is not an easy path because combat sports are exceptionally physically challenging, and the focus needs to be on training and competing rather than making money.
The process is usually very similar to that of amateur licensure. You must get a professional boxing license to become a professional boxer, and there is no way around this step. Ascend the ranks of the pro boxing world. Once you have your pro boxing license, you can start fighting in pro matches and tournaments.