What is Floyd Mayweather’s net worth?
Floyd Mayweather is a world-renowned American boxing champion and promoter. Floyd Mayweather’s net worth is $450 million. This makes him the wealthiest boxer ever. Floyd’s career total earnings, as of the moment of time of writing, exceed $1.1 billion.
Floyd is the 5th highest-paid professional athlete and one of only six athletes whose career earnings have exceeded $1 billion. The other five athletes are Michael Schumacher ($1 billion), Jack Nicklaus ($1.15 billion), Arnold Palmer ($1.35 billion), Tiger Woods ($1.65 billion), and Michael Jordan ($1.9 billion).
One of the most striking aspects of Floyd’s earnings statistics is that he became the fifth highest-paid athlete in history with comparatively low endorsement income. In contrast, the majority of the most highly paid athletes have made the majority of their earnings via endorsement deals.
Floyd has earned more than half a billion dollars in only two fights. He made 250 million dollars in 2015 following taking on Manny Pacquiao. He earned $300 million while fighting Conor McGregor in 2017.
In an infamous encounter that a reporter had with one of the ESPN journalists in 2013, just before his fight with Saul Alvarez, Floyd showed the balance of his checking account. Floyd proudly showed off that his checking account balance was $123 million.
In his prime boxing days, Floyd was regularly (and most definitely) the most highly paid professional around the globe. Although he has a few endorsement agreements, Floyd can easily earn between $150 and $300 million each year when fighting. In June 2014 and June 2015, Floyd earned a staggering $300 million.
Between June 2017 and June 2018, Floyd earned $300 million. Most of this was due to his fight with Conor McGregor in August 2017. Outside the boxing ring, Floyd typically earns $10 million in endorsements yearly.
Early Life and Amateur Career
Floyd Mayweather was born in Grand Rapids, Michigan, on the 24th of February 1977. The father of Floyd Mayweather, Floyd Mayweather Sr., is also an experienced boxer who was most well-known for his fight with Sugar Ray Leonard. Floyd Jr.’s uncles, Jeff and Roger, are former professional boxers. Floyd Sr., as well as Roger, have also been Floyd’s trainers.
As a young man, Floyd’s mother was a drug addict, and his father was absent. The father spent most of his time with young Floyd until he reached enough age to join the boxing club. Floyd moved in with his grandmother when his father was sentenced to prison. In this period, Floyd devoted himself to boxing. He quit high school and turned amateur.
Floyd was a national winner of the Golden Gloves championships in 1993, 1994, 1993, and 1996. In 1996, he was awarded bronze in the Atlanta Olympics. His record as an amateur was 84-4-4.
Floyd’s first professional bout occurred on the 11th of October 1996. He defeated the opponent Roberto Apodaca in the second round.
In his professional time in the sport, Floyd would take home an incredible six championships in boxing, which took place in five weight classes, including Super Featherweight Lightweight and junior Welterweight, Welterweight twice, and Super Welterweight. His professional boxing record at the time of writing is a staggering 50 wins with 0 losses. Of his 50 wins, 27 of them were knock-outs.
At the time of writing, when you add the sum of Floyd Mayweather’s earnings throughout his career totals $1.1 billion. Here is a breakdown of fight-by-fight of every pay cheque Floyd earned throughout his professional fight career:
Floyd Mayweather Career Earnings
Arturo Gatti – June 2005 $3.2 million
Carlos Baldomir – November 2006 $8 million
Oscar De La Hoya – May 2007 $25 million
Ricky Hatton – February 2008 $20 million
WWE Wrestle Mania – December 2008 $25 million
Juan Manuel Marquez – September 2009 $25 million
Sugar Shane Mosley – May 2010 $30 million
Victor Ortiz – September 2011 $40 million
Miguel Cotto – May 2012 $40 million
Robert Guerrero – May 2013 $50 million
Saul Alvarez – September 2013 $75 million
Marcos Maidana I – May 2014 $40 million
Marcos Maidana II – September 2014 $32 million
Manny Pacquiao – May 2015 $250 million
Andre Berto – September 2015 $35 million
Conor McGregor – August 2017 $300 million
Tenshin Nasukaw – December 2018 $9 million
Logan Paul – June 2021 – $35 million
Total – $1.022 billion
In addition, he earned about 2 million in his 15 first fights, which followed the fight in 2005 in which he fought Arturo Gatti. Floyd has made around $25 million off the ring by selling merchandise and some modest endorsement agreements.
On the 13th of March 2009, Mayweather was scheduled to take on the most ferocious adversary in his professional career Manny the Pacquiao.
It was most likely to be one of the biggest fights of the past decade. In 2000, the pay-per-view revenues were anticipated to be more than $180 million. From that $180 million, Floyd was assured of $25 million at the start and another $20-25 million in the back.
However, Mayweather and Pacquiao could agree, and the fight was canceled for a long time. Floyd continued to win against “Sugar” Shane Mosley on the 1st of April in 2010, along with Victor Ortiz in 2011. On the 5th of May 2012. Mayweather knocked out Miguel Cotto.
On the 4th of May 2013, Floyd earned an estimated $50 million ($32 million guaranteed) after he defeated Robert Guerrero. On the 14th of September 2013, Floyd earned $75 million ($41.5 million of which was guaranteed) in his fight with Saul Alvarez.
This was the highest sum of money ever in boxing. This record will surely be broken when Floyd is finally set to face Manny Pacquiao on the 2nd of May in 2015.
Mayweather beats. Pacquiao finally took place on the 2nd of May in Las Vegas. It is anticipated to be the most lucrative fight in the history of boxing. Floyd and Manny have agreed to share all profits 60-40. Floyd took home $250 million for the fight. Pacquiao made $150 million.
On the 26th of August 2017, Floyd Mayweather fought Conor McGregor in the biggest-grossing pay Per View boxing event in the history of boxing. The fight generated at most 5 million PPV purchases. After all, was done, the fight brought in around $700 million of total revenues from all sources.
This ended Mayweather with a paycheck of $300 million, minus taxes. Since he was a Nevada resident and a resident of Nevada, he didn’t have to have to pay state-mandated income tax on his profits. However, he did pay about 40 percent of the earnings to the IRS.
In reality, he paid the IRS 40 percent of his earnings, plus $22 million in tax backs that he owed in connection with his earnings in 2015. When all was finished, Floyd’s tax-free total was $160 million. If you add it to his previous wealth, Floyd completed his McGregor fight with an estimated net worth of $560million.
The event took place in June of 2021. Floyd in June 2021, Floyd YouTuber Logan Paul in an exhibition match. Floyd was given $10 million plus 50 percent of the Pay Per View earnings. Around 1 million people bought the PPV, and generated 50 million dollars in revenue. Thus, Floyd earned a total of $35 million.
In 2007 Floyd was one of the contestants in the 2007 season of Dancing with the Stars. The team finished ninth. In 2008, Floyd made $20 million for his appearance at the WWE’s WrestleMania XXIV.
Floyd’s primary residence since his move in 2018 is a custom-built 11-bedroom mansion in Las Vegas that spans 22,000 square feet. The mansion was bought in 2010 for $10 million. Additionally, he owns a 13,000-square-foot mansion in Vegas, his main residence from 2010 to 2018. The property was purchased for $9.5 million.
In 2017, he paid $25.5 million for a Beverly Hills mansion. The man also spent $500,000 on furniture for the property when it was closing. The property has an ice cream shop, 12 seats in a movie theater, and a wine room with 300 bottles.
He has an apartment situated in New York City, the Mayweather Boxing Club in Vegas, and a strip club in Vegas named Girl Collection.
Then, in August of 2021, Floyd bought the property for $18 million. Following mansion located on Miami’s Palm Island:
Floyd owns several luxury automobiles. Floyd once told one ESPN reporter that he had 15 million dollars’ worth of luxury automobiles in his garage, which were never driven. Over the past twenty years, Floyd purchased more than 100 vehicles through Towbin Motorcars in Las Vegas.
Floyd has reportedly paid for his cars with cash. The most famous automobiles include a $5 million Koenigsegg CCXR as well as the $3.5 million Bugatti Chiron, THREE $2.5 million Bugatti Veyrons and a Bugatti Grand Sport Vitesse, a $1.4 million Porsche Huayra, and a special edition LaFerrari Aperta, which is worth more than $1 million.
This is only a small portion of his impressive collection. Floyd owns a variety of Ferraris, Lamborghini, Bentleys, and Rolls Royce. Mercedes and many more.
Floyd is said to own 16 Rolls Royce.
At one time, all the vehicles he owned and maintained at one mansion were black, and all the vehicles he kept at his second mansion were black.
Floyd owns a $60,000 Gulfstream G650, which he named “Air Mayweather.” He purchased the plane for himself on his 41st birthday in 2018. He flew to Iceland to snap an image for Instagram in a contest. The plane is decorated with His name on one side and “50 50 – o” (his records in boxing) on the tips of the wings.
Floyd has two private aircraft. The other is the thirty million Gulfstream III. While traveling, Floyd reportedly flies in the G650 with his closest friends as “Air Mayweather II” travels with his entourage.
In January 2015, Floyd posted a photo of him standing in front of his principal aircraft and seven automobiles. He was in front of $60,000 in “toys.”
Floyd hasn’t been shy about displaying his collection of jewelry. He owns over 40 luxury watches. He claims that when going on vacation, the watches he takes are 30, and he is always wearing a minimum of $3 million worth of jewelry.
As of 2015, Floyd bought a staggering $ 18 million for just one watch made by Jacob the Jeweler. The watch is adorned with 239 emerald-cut baguette diamonds, weighing at least three carats. The watch is appropriately titled “The Billionaire.”
Commercial Real Estate Investments
In 2014, Floyd made a significant purchase to become an investor with the development company SL Green. The CEO of SLGreen, Marc Holliday, announced Floyd’s investment in December 2014. As of the moment, Floyd owns a minority stake in nine skyscrapers located in the United States. One of these skyscrapers is One Vanderbilt, the highest commercial structure in the US.
In the past, Floyd has avoided accusations of financial difficulties. In March 2017, for instance, the IRS came after Floyd with a request for $22.2 million in tax backs in connection with his income from 2015. If you’d like to be precise, the IRS said that Floyd was in debt of $22,238,255. If that’s not enough, Floyd said he did not have sufficient liquid cash in his account to pay the amount owed.
In the following months, Floyd’s lawyer submitted a form to assure the IRS that the bill was to pay in total and with fees directly off his Conor McGregor fight earnings. The IRS demanded that the bill be paid promptly, and Floyd’s legal team responded:
“Although the taxpayer is a large assets, these assets are limited and mostly illiquid. The taxpayer is scheduled to have a major liquidity event planned for approximately 60 days, from when he plans to pay the remaining amount of the tax liability for 2015 due and unpaid. “
In February 2020, the former 50 Cent ally and now bitter adversary posted on social media that Floyd was broke and would likely have to return to the ring to replenish his pockets shortly.
They were unsupported assertions that Floyd was quick to disprove via Twitter and other social platforms. However, it should be noted that Floyd’s lifestyle is a huge amount of funds to run. Between the homes, vehicles, planes, and entourage, and the list goes on…
Floyd probably is burning through tens of millions of dollars every year even though there is no longer a large income. He rarely wears the same footwear more than once and disposes of the items he has thrown away to housekeepers, fans, and hotel employees.
At all times, he is accompanied by a 20-person group consisting of family members, friends, and bodyguards, a barber (even though his hair is cut), and an acupuncturist who is a beautiful female. Thieves once broke into his home and stole $7 million worth of jewelry…
We haven’t even spoken about Floyd’s gambling practices. It’s hard to tell the sum of the money Floyd has made or lost by betting on sports. Floyd often shows off massive bets on sports occasions throughout the calendar year.
In 2002, Floyd was accused of two counts of domestic violence and one misdemeanor battery charge. He was sentenced to a six-month suspended sentence and community service as punishment for this crime. In 2004, he received a one-year suspended sentence following being found guilty of two charges of battery infractions that were misdemeanors.
In 2005, he pleaded no-contest to a misdemeanor battery case after kicking the bouncer. He was given a 90-day suspended sentence. 2011 was the first time Floyd had to serve 90 days in the county jail for battery convictions. Floyd was also required to complete 100 hours of community work and participate in an intensive 12-month program for domestic violence. He was sentenced to the full 63 days in prison.
As he was serving his sentence, Floyd requested to be released for medical reasons as he believed the prison’s daily 800-calorie menu was causing his muscles to shrink. Floyd claimed that his body required 3000-4000 calories a day. The judge refused to comply. After Floyd was released and returned to prison, he was taken by 50 Cent in a private aircraft carrying a bag filled with $1 million cash.
Floyd Mayweather’s net worth is $450 million. At the time of writing, Floyd Mayweather has earned more than $1.1 billion throughout his professional career. He made 250 million dollars in May while fighting Manny Pacquiao. Floyd made $300 million by August 2017 when he fought Conor McGregor.