Floyd Mayweather Net Worth (Money & Salary)
Title: Floyd Mayweather Net Worth (Money & Salary)
Last Updated: November 30, 2024
What is Floyd Mayweather’s net worth?
Floyd Mayweather, a globally recognized American boxing champion and promoter, boasts a net worth of $400 million. This impressive figure positions him as the richest boxer in history. His total career earnings have surpassed $1.1 billion as of this writing.
Ranked as the fifth highest-paid athlete ever, Floyd is one of only six athletes who have achieved career earnings exceeding $1 billion. The other five include 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). Notably, Floyd’s earning statistics are remarkable considering his relatively minimal endorsement income. In contrast, most of the highest-earning athletes historically gained most of their wealth through endorsement deals. From just two fights, Floyd earned more than half a billion dollars: $250 million from his 2015 bout with Manny Pacquiao and $300 million from his 2017 fight against Conor McGregor.
In a well-known moment with an ESPN reporter before his 2013 fight with Saul Alvarez, Floyd revealed his checking account balance, showcasing a staggering $123 million.
During his prime boxing years, Floyd consistently claimed the title of the highest-paid athlete globally. Even with very few endorsement contracts, he could earn between $150 million and $300 million annually while actively fighting. From June 2014 to June 2015, he amassed an incredible $300 million, which was matched again from June 2017 to June 2018, largely due to his match against Conor McGregor in August 2017. In addition, outside of the boxing ring, Floyd typically generates around $10 million each year through endorsements and other investments.
Early Life and Amateur Career
Born on February 24, 1977, in Grand Rapids, Michigan, Floyd Mayweather is the son of professional boxer Floyd Mayweather Sr., who is well-known for fighting Sugar Ray Leonard. Floyd Jr. also has uncles, Jeff and Roger, who were professional boxers, with Roger and Floyd Sr. taking on the role of his trainers at different points in time.
Floyd’s childhood was marked by challenges, with a mother battling drug addiction and a father who was often absent. His father only started to engage with the young Floyd when he was old enough to attend the boxing gym. After his father’s incarceration, Floyd moved in with his grandmother and dedicated himself to boxing during this period. Ultimately, he dropped out of high school to pursue his boxing career.
school and transitioned into amateur boxing.
In 1993, 1994, and 1996, Floyd secured national Golden Gloves championships. Additionally, he clinched a bronze medal at the Atlanta Olympics in 1996. His record as an amateur was impressive at 84 – 4.
Professional Career
Floyd’s first professional bout took place on October 11, 1996, where he achieved a second-round knockout against Roberto Apodaca.
Throughout his career, Floyd accomplished the remarkable feat of winning six boxing championships across five different weight divisions: Super Featherweight, Lightweight, Junior Welterweight, Welterweight twice, and Super Welterweight. As of now, his professional boxing record stands at an incredible 50 wins and 0 losses, with 27 of those victories coming by way of knockout.
Career Earnings
As of this moment, Floyd Mayweather’s total career earnings have reached $1.1 billion. Below is a comprehensive fight-by-fight summary detailing Floyd’s earnings during his professional boxing journey:
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 Márquez | 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 Nasukawa | December 2018 | $9 million |
Logan Paul | June 2021 | $35 million |
Deji Olatunji | November 2022 | $25 million |
Total | $1.0272 billion |
From his initial 15 fights prior to the 2005 bout against Arturo Gatti, Floyd additionally garnered around $2 million. Moreover, he has accrued approximately $25 million outside of the boxing ring through merchandise sales and various endorsement deals.
Notable Fights
On March 13, 2009, Mayweather was scheduled to face off against arguably the toughest competitor in his career, Manny Pacquiao. The matchup wasprobably the most awaited fight in a decade. At that time, anticipated pay-per-view revenues were projected to surpass $180 million. Out of this amount, Floyd was set to receive a guaranteed $25 million upfront, along with an additional $20-25 million from backend earnings. Regrettably, Mayweather and Pacquiao were unable to finalize an agreement, resulting in the fight being postponed for several years. Floyd subsequently triumphed over “Sugar” Shane Mosley on April 1st, 2010, and went on to defeat Victor Ortiz in 2011. On May 5th, 2012, Mayweather emerged victorious against Miguel Cotto.
On May 4th, 2013, Floyd earned an estimated $50 million ($32 million guaranteed) for his victory over Robert Guerrero. Then on September 14, 2013, Floyd secured $75 million ($41.5 million guaranteed) from his fight with Saul Alvarez, which established a record for the largest purse in boxing history.
The long-awaited Mayweather vs. Pacquiao match finally occurred on May 2nd, 2015, in Las Vegas. It was anticipated to become the highest revenue-generating fight in boxing history. Floyd and Manny agreed to divide all profits 60-40, resulting in Floyd earning $250 million from the fight, while Pacquiao took home $150 million.
On August 26, 2017, Floyd Mayweather faced Conor McGregor in the highest-grossing Pay-Per-View boxing event ever. The event saw at least 5 million PPV purchases, generating approximately $700 million in total revenue from all sources, leaving Mayweather with a pre-tax paycheck of $300 million. As a resident of Nevada, he did not incur any state income taxes on those earnings, although he did pay around 40% of his earnings to the IRS, alongside $22 million in back taxes owed related to his 2015 income. Ultimately, his after-tax earnings amounted to $160 million. Adding this to his previous net worth, Floyd concluded the McGregor fight with a wealth of $560 million.
In June 2021, Floyd participated in an exhibition match against YouTuber Logan Paul, for which he was guaranteed $10 million plus 50% of the Pay-Per-View profits. Approximately 1 million people purchased the PPV, leading to $50 million in revenue, thus allowing Floyd to earn a total of $35 million.
In November 2022, Floyd earned $25 million for his exhibition match against social media influencer Deji Olatunji, which took place in Dubai.
Other Appearances
Floyd participated as a contestant on Dancing with the Stars in 2007, finishing in ninth place. Additionally, in 2008, he earned $20 million for his appearance at WWE’s WrestleMania XXIV.
Real Estate
Since 2018, Floyd’s main residence has been a custom-built mansion in Las Vegas containing 11 bedrooms and spanning 22,000 square feet, which he purchased for $10 million. He also owns a 13,000-square-foot mansion in Vegas that served as his primary residence from 2010 until 2018, acquired for $9.5 million.
In 2017, he spent $25.5 million on a mansion in Beverly Hills, in addition to $500,000 on home furnishings for this property at the closing time. This house includes amenities like a candy shop, a 12-seat movie theater, and a wine room accommodating 300 bottles. Floyd listed this Beverly Hills mansion for sale in September 2024 with an asking price of $48 million.
He possesses an apartment
In New York City, the Mayweather Boxing Club in Vegas, and a strip club in Vegas known as Girl Collection. In August 2021, Floyd acquired a waterfront mansion on Miami’s Palm Island for $18 million.
Car Collection
Dozens of high-end cars are owned by Floyd. In an interview with ESPN, he stated that there are luxury cars worth $15 million parked in his garage that have never been driven. Over the past twenty years, he has purchased more than 100 vehicles from Towbin Motorcars in Las Vegas, allegedly paying in cash. A few of his remarkable car assets include a $5 million Koenigsegg CCXR Trevita, a $3.5 million Bugatti Chiron, three $2 million Bugatti Veyrons, a Bugatti Grand Sport Vitesse, a $1.4 million Pagani Huayra, and a limited edition LaFerrari Aperta valued at over $1 million. This merely scratches the surface of his astounding car collection. Additionally, he possesses many other Ferraris, Lamborghinis, Bentleys, Rolls Royces, Mercedes, and more.
It is reported that Floyd has 16 Rolls Royces.
At one time, all the vehicles he owned and stored at a single mansion were white, while all the cars at his other mansion were black.
Private Jets
Floyd owns a $60 million Gulfstream G650, affectionately named “Air Mayweather.” He purchased the jet as a birthday gift to himself for his 41st birthday in 2018. Rumor has it he flew to Iceland just to capture an Instagram photo on a dare. His name is prominently displayed on the side of the plane, with “50 – o” (his boxing record) written on the wing tips.
In fact, Floyd has two private jets. The second is a Gulfstream III, valued at $30 million. When traveling, he typically flies in the G650 with his closest associates, while “Air Mayweather II” follows along with his entourage.
In January 2015, Floyd shared a photo showcasing himself in front of his primary jet alongside seven cars, totaling a phenomenal worth of $60 million in “toys.”
Jewelry Collection
Floyd has never hesitated to flaunt his impressive jewelry collection. With over 40 extremely luxurious watches in his possession, he has stated that he brings 30 watches along on vacation and is continually adorned with at least $3 million in jewelry.
In 2015, an extraordinary watch crafted by Jacob the Jeweler cost Floyd a staggering $18 million. This distinct piece features 239 emerald-cut baguette diamonds, each reaching up to three carats. The watch is aptly named “The Billionaire.”
Commercial Real Estate Investments
Floyd made a significant investment in 2014, becoming a partner in the real estate development firm SL Green. The firm’s CEO, Marc Holliday, disclosed Floyd’s investment in December of that year. As of now, Floyd holds a minority stake in nine skyscrapers across the United States, including One Vanderbilt, which is the tallest commercial building in the country.
Financial Problems?
Throughout the years, Floyd has faced various allegations concerning his financial status. For instance, in March 2017, the IRS issued a demand for $22.2 million in back taxes linked to his income from 2015. To be exact, the IRS claimed he owed $22,238,255. To complicate matters, Floyd asserted that he lacked sufficient liquid cash to settle the debt. A few months later, Floyd’s attorney filed documentation assuring the IRS that the outstanding bill would be fully paid, including interest and penalties, using his earnings from the Conor McGregor fight. The IRS had requested immediate payment, prompting Floyd’s legal team to respond:
“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid. The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding.”
In February 2020, 50 Cent, Floyd’s formerA former friend who has now turned into a bitter enemy took to social media with claims that Floyd was financially struggling and would soon have to return to the boxing ring to refill his bank accounts. These allegations were unsubstantiated, and Floyd was quick to refute them via his own social media channels. However, it is important to note that maintaining Floyd’s extravagant lifestyle requires an immense amount of money. With expenses like multiple houses, luxury cars, private jets, an entourage, and more, he likely spends tens of millions of dollars annually, especially at a period when he no longer has a steady stream of significant income. Notably, Floyd never wears a pair of shoes more than once and often leaves his discards for fans, hotel staff, and housekeepers. He is constantly accompanied by a 20-person entourage, which includes friends, family, bodyguards, a barber (despite his shaved head), and a stunning female massage therapist. Once, thieves even broke into his home and stole jewelry valued at $7 million.
And before we touch on Floyd’s gambling habits, it’s worth mentioning that the extent of his wins or losses in sports gambling remains unclear. Throughout the year, he regularly showcases his massive bets on sporting events.
Other Controversies
In 2002, Floyd faced charges of two counts of domestic violence and one count of misdemeanor battery, resulting in a six-month suspended sentence and community service. A year later, in 2004, he received a one-year suspended sentence after being convicted of two misdemeanor battery charges. In 2005, Floyd pleaded no contest to a misdemeanor battery charge after an incident involving a bouncer, earning himself a 90-day suspended sentence. By 2011, he was sentenced to 90 days in county jail on battery charges, in addition to 100 hours of community service and a 12-month domestic violence program. Ultimately, he served 63 days in jail. During his incarceration, Floyd petitioned for release on medical grounds, arguing that the prison’s 800-calorie daily meal plan was detrimental to his physique, which he claimed required 3000-4000 calories daily. The judge did not grant his request. Upon his release, Floyd was greeted by 50 Cent, who picked him up in a private jet, carrying a suitcase filled with $1 million in cash.
Summary
Floyd Mayweather possesses a net worth of $450 million. At present, he has earned over $1.1 billion throughout his career, including significant amounts like $250 million from the May 2015 fight against Manny Pacquiao and $300 million from the August 2017 match with Conor McGregor.
Floyd Mayweather Net Worth (Money & Salary)
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Data from 2023 and 2024 is provided, with forecasts extending to 2025 and 2026. We also expand the projections to 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Floyd Mayweather Net Worth (Money & Salary)
Last Updated: November 30, 2024