Well, the answer is - in some ways - unsatisfactory. Ernie Terrell ( born 1938 ) is the the oldest surviving ex-heavyweight champ. But, he was never considered a legitimate champ as he was fighting at the same time as Ali in his dancing prime, and only became champ because Ali signed to have a return with Liston which was against the wishes of one of the boxing association who eventually recognised Ernie as champ. Of course, Ali subsequently beat Terrell in the famous "what's my name" fight.
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