How much is Floyd Mayweather’s net worth?
| net worth: | $450 million |
|---|---|
| age: | 47 |
| Birth: | 24 February, 1977 |
| gender: | Male |
| Height: | 1.73 m (5 ft 8 in) |
| country of origin: | United States |
| Source of funds: | Professional boxer |
| Last Updated: | August 17, 2024 |
Introduction
Floyd Mayweather Jr. is an American former professional boxer who has an estimated net worth of $450 million.
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Mayweather is the richest boxer and one of the highest-paid athletes in the world. His career earnings have exceeded $1 billion, a feat achieved by only a few athletes, including LeBron James, Jack Nicklaus, Tiger Woods, Michael Jordan, Michael Schumacher, and Arnold Palmer.
Interestingly, while most athletes make their fortune from both endorsements and salaries, Mayweather earned his wealth primarily through his salary.
However, the boxing legend also has a reputation for being an arrogant, arrogant and dirty fighter. Still, no one can take away his incredibly successful and well-earned career in the boxing ring. He has trained incredibly hard and the behind-the-scenes videos of his workouts show why he is a champion.
Mayweather competed professionally between 1996 and 2017 and finished his career as a fighter with fifty wins and zero losses.
quick Facts
- He made his boxing debut in 1996 and won his first world title on October 3, 1998.
- The most notable opponents he faced in his boxing career include Oscar De La Hoya, Manny Pacquiao, Conor McGregor, Miguel Cotto, Marcos Maidana, and Zab Judah.
- Two fighters made $500 million: Conor McGregor and Manny Pacquiao.
- Floyd Mayweather won several major world titles during his boxing career, including WBC Super Lightweight Champion, WBC Welterweight Champion, IBF Welterweight Champion, The Ring Lightweight Champion, and The Ring Light Middleweight Champion.
- Mayweather’s boxing record is 50 wins and 0 losses.
- The former professional boxer has a career net worth of $1+ billion
- Floyd Mayweather technically retired in 2017 – however, it’s not uncommon to see the former boxer in a boxing ring from time to time.
Early Life
Floyd Joy Mayweather Jr. was born on February 24, 1977 in Grand Rapids, Michigan.
He was born Sinclair; however, his name was changed shortly after birth. His father, Floyd Mayweather, Sr., was also a fighter, a competitor in the welterweight division. Not only was his father a professional boxer, but his uncles, Jeff and Roger, were also professional boxers.
You could say Floyd was destined to be a fighter. It was in his blood, in his DNA. Ever since he was young, he was passionate about boxing. And even when he thought he should get a job, his family told him to continue training.
Floyd had a difficult upbringing. His mother was a drug addict and his father was imprisoned for drug trafficking. Even before Floyd was old enough to enter the boxing ring, he was absent from his life. It was common for him to come home and find heroin needles outside his house. He also had an aunt who died of AIDS due to drug addiction.
He recalls, “When I was about 8 or 9 years old, I lived with my mom in New Jersey, and we were seven people in one room, and sometimes we didn’t have electricity. When people see what I have now, they don’t realize where I came from and how I had nothing as a child.”
Floyd Mayweather Jr. attended Ottawa Hills High School but never graduated. Instead, he dropped out to pursue a boxing career to lift his family out of poverty. His uncle Roger Mayweather trained him and helped him fight professionally.
Livelihood
Mayweather had an amazing career and the number of accomplishments he achieved reached unbelievable levels.
Before competing in the big leagues, he fought as an amateur. He won three national Golden Gloves championships – in 1993, 1994 and 1996. Due to the defensive techniques he learned from his father and uncle, he did not have as many scars on his body as the other members of the team, which is why he was nicknamed “Pretty Boy”.
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In 1996, Floyd Mayweather Jr. participated in the Atlanta Olympics, where he won a bronze medal in the featherweight division. He defeated Bakhtiyar Tilganov of Kazakhstan, Artur Gevorgyan of Armenia, and Lorenzo Aragon of Cuba. However, he lost to Serafim Todorov of Bulgaria.
The loss sparked some controversy, especially when Hamad Hafez Shouman – the referee supervising the match – grabbed Floyd Mayweather’s arm before announcing the final decision, thinking he was the winner. The US team that Mayweather represented filed a protest, claiming that the judges who declared Todorov the winner were intimidated by Emil Jetchev – the head of the Bulgarian boxing authorities. However, nothing came of it.
Floyd had an amateur record of 86-8. That record ended in 1996 when he moved up to fight professionally, moving up to the super featherweight division in October.
His first fight as a professional boxer was on October 11, 1996 against another novice – Roberto Apodaca. He knocked him out in the second round, thus winning. In 1998, two years after his professional debut, Floyd Mayweather Jr. won his first world title by defeating Genaro Hernandez.
He also competed in the lightweight, light welterweight, welterweight, and light middleweight divisions.
Mayweather has been one of the most popular sportsmen “pay per view” He remains a fixture in the sports world and has appeared on Forbes’ list of highest-paid athletes every year since 2012.
Throughout his career, Floyd Mayweather Jr. compiled a 50 to 0 record in boxing, with 27 of his 50 wins coming by knockout.
In 2007, he founded Mayweather Promotions, a company that promotes boxing bouts. It made sense as the next step for his career, and ten years later, he has an incredibly successful company that has helped him earn a living even after he hung up the gloves.
In 2017, Floyd Mayweather technically retired, although he has occasionally returned to the ring – for example, in his fight with Logan Paul in 2021 or with his former partner Don Moore.
In 2021, he was inducted into the International Boxing Hall of Fame along with some of his former rivals, such as Arturo Gatti or Miguel Cotto.
How does Floyd Mayweather spend his money?
Since Floyd Mayweather has amassed a lot of money during his boxing career, it’s no surprise that he loves to spend it.
The former boxer owns several properties across the US. His main residence is an 11-bedroom house in Las Vegas bought for $10 million (though it is not his only property in the city). His other properties are located in New York and Beverly Hills. His Beverly Hills mansion cost him around $25 million and includes places like a candy shop and a movie theater.
In addition to real estate, Floyd Mayweather also owns the Mayweather Boxing Club and a gentleman’s club called the Girl Collection in Vegas.
But that’s not all – Floyd’s garage contains all sorts of luxury cars, estimated to be worth at least a few million dollars, as well as a number of expensive watches and jewelry.
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Floyd owns two private jets – a $60 million Gulfstream G650, which he named “Air Mayweather” and has his name and boxing record emblazoned on the wings, and a $30 million Gulfstream III. Floyd reportedly flies “Air Mayweather” whenever he’s with friends while his entourage flies in other private jets.
Finally, Mayweather loves to spend his money on sports betting – he even published some of the biggest wins on his social media. For example, he earned more than $200,000 by betting on the Seattle Seahawks in the match against the Washington Redskins. He also bet on himself several times.
personal life
As mentioned, Mayweather’s father’s name was Floyd Mayweather Sr., while his mother’s name was Deborah Sinclair. Floyd Jr. has four siblings – Justin Mayweather Jones, Fannie Orr, Deltricia Tawana Howard, and Fatima Mayweather.
The legendary boxer has been in several public relationships and was also engaged; however, he never got married. Although he never married, Floyd Mayweather has five children – Iyanna Mayweather, Zion Shamari Mayweather, Jirah Mayweather, Davion Cromwell, and Koraun Mayweather.
Being in the limelight means that sometimes there will be allegations made about you, and Mayweather is no exception. Over the past few years, he has been questioned about potential financial problems several times, but two examples are worth mentioning.
The first came in March 2017 when the IRS revealed that he owed over $22 million in back taxes. Floyd responded to them by saying he did not have enough cash to pay the taxes. A few months later, his lawyer filled out the necessary paperwork stating that whatever money Floyd owed would soon be paid back from the proceeds from his most anticipated fight against Conor McGregor. However, the IRS requested immediate payment of the debt.
The second situation involved Floyd Mayweather’s old friend 50 Cent, who revealed on social media that Mayweather is actually bankrupt and that he will be back in the boxing ring in no time to make some more money. The former professional boxer quickly shot down those allegations.
Floyd Mayweather has been charged with several misdemeanors over the past two decades. In 2002, he was charged with domestic violence and assault. Just two years later, he was convicted again, this time for two counts of assault. The following year, he was charged with another misdemeanor for kicking a bouncer, to which he pleaded no contest. After that, he received a long-term discharge from the charges.
In 2011, she was charged with assault and was ordered to serve a 90-day sentence in the county jail, complete 100 hours of community service, as well as participate in a 1-year-long domestic violence program. While in prison, she tried to be released early for medical reasons (she claimed the prison food was too low-calorie for her and her muscles were beginning to atrophy); however, the judge did not rule in her favor.
Highlights
Here are some of Mayweather’s biggest career accomplishments:
- WBC World Super-Featherweight Title – October 3, 1998 (vs. Genaro Hernández)
- WBC World Super-Featherweight Title – January 20, 2001 (vs. Diego Corrales)
- WBC World Lightweight Title – April 20, 2002 (vs. Jose Luis Castillo)
- WBC World Light-Welterweight Title – June 25, 2005 (vs. Arturo Gatti)
- IBF & IBO World Welterweight Titles – April 8, 2006 (vs. Zab Judah)
- WBC World Light-Middleweight Title – May 5, 2007 (vs. Oscar De La Hoya)
- WBC World Welterweight Title – December 8, 2007 (vs. Ricky Hatton)
- WBC World Welterweight Title – September 17, 2011 (against Victor Ortiz)
- WBC and WBA world light-middleweight titles – September 14, 2013 (vs. Saul ‘Canelo’ Alvarez)
- WBC, WBA, WBO World Welterweight Titles – May 2, 2015 (vs. Manny Pacquiao)
Earnings of battle
- Floyd Mayweather vs. Oscar De La Hoya (2007) – $25 million
- Floyd Mayweather vs. Shane Mosley (2010) – $30 million
- Floyd Mayweather vs. Miguel Cotto (2012) – $40 million
- Floyd Mayweather vs. Robert Guerrero (2013) – $50 million
- Floyd Mayweather vs. Canelo Alvarez (2015) – $42 million
- Floyd Mayweather vs. Manny Pacquiao (2015) – $250 million
- Floyd Mayweather vs. Conor McGregor (2017) – $300 million
- Floyd Mayweather vs. Logan Paul (2021) – $35 million
How did Floyd Mayweather make money?
The majority of Floyd Mayweather’s net worth was accumulated thanks to his salary per fight. This number is even more impressive when you consider that his endorsement deals are not that high compared to some other athletes – on average, his annual income from endorsements was around $10 million.
Is Floyd Mayweather retired?
Although Floyd Mayweather is technically retired (he retired in 2017), it’s not uncommon to see him in exhibition bouts. In 2021, he competed in an exhibition match against Logan Paul, while in 2022, he competed in a match against his old teammate Don Moore.
Is Floyd Mayweather Married?
No, the former professional boxer is not married yet.
Summary
Floyd Mayweather is one of the greatest boxers of all time, and his net worth is estimated at $450 million. He continues to build his wealth as a boxing promoter, and we certainly haven’t heard the last of him.
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Category: Net worth