Floyd Mayweather is an American former boxer and boxing promoter. In addition, some individuals assert that his net worth once exceeded one billion dollars.
The primary reason for this was that he was earning between $300 and $400 million every fight, causing his net worth to soar to approximately $460 million. It is still a subject of uncertainty. In 2014 and 2015, he was the highest-paid athlete in the world.
Early Years and Amateur Profession
Floyd Mayweather was born in Grand Rapids, Michigan on February 24, 1977. Floyd Mayweather Sr. was also a professional boxer who faced Sugar Ray Leonard most notably. Jeff and Roger, uncles of Floyd Jr., are also former professional boxers. Floyd Sr. and Roger have served as Floyd’s trainers at various times.
As a child, Floyd’s mother was an addict and his father was largely absent. Floyd’s father spent most of his time with him when he was old enough to go to the boxing gym.
Floyd moved live with his grandmother when his father was put in prison. During this period, Floyd was devoted to boxing. He abandoned high school and turned to become an amateur.
Floyd won three national Golden Gloves titles between 1993 and 1996. He won a bronze medal at the 1996 Olympics in Atlanta. His amateur record stood at 84-4.
Professional Profession
Floyd’s debut bout as a professional took place on October 11, 1996. His opponent, Roberto Apodaca, was knocked out in the second round.
Floyd won a record-breaking six boxing championships in five different weight classes throughout the course of his career: Super Featherweight, Lightweight, Junior Welterweight, Welterweight twice, and Super Welterweight. As of this writing, his professional boxing record is an astounding 50 victories and 0 losses. 27 of the fifty victories were by knockout.
Important Fights
On March 13, 2009, Floyd Mayweather was due to face his most formidable opponent to date, Manny Pacquiao. Probably the most anticipated fight in the previous decade.
At the time, it was anticipated that pay-per-view sales would top $180 million. Floyd was to be guaranteed $25 million upfront and an extra $20 million to $25 million in the future.
Unfortunately, Mayweather and Pacquiao were unable to come to an agreement, and the match was postponed for years. Floyd defeated “Sugar” Shane Mosley on April 1, 2010, and Victor Ortiz on 2011. On May 5, 2012, Floyd Mayweather won over Miguel Cotto.
Floyd received an estimated $50 million ($32 million guaranteed) on May 4, 2013, for defeating Robert Guerrero. Floyd received $75 million ($41.5 million was guaranteed) on September 14, 2013, when he fought Saul Alvarez.
That was the highest purse in the history of boxing. This record will be easily surpassed when Floyd finally confronts Manny Pacquio on May 2, 2015.
Mayweather vs. Pacquiao was finally held in Las Vegas on May 2, 2015. It is anticipated to be the most lucrative fight in boxing history. Floyd and Manny agreed to a 60-40 split of all revenues. Floyd received $250 million as a result of the fight. Pacquiao made $150 million.
Floyd Mayweather fought Conor McGregor on August 26, 2017, in the highest-grossing Pay-Per-View boxing event in history.
There were at least 5 million PPV purchases for the event. After all, was said and done, the fight earned approximately $700 million in total revenue from all sources, leaving Mayweather with a $300 million payment before taxes. As a resident of Nevada, he did not pay state income tax on those earnings.
He did pay approximately 40% of his income to the IRS. In reality, he paid 40% of his earnings in addition to $22 million in back taxes linked to his 2015 income. In the end, his net income after taxes was $160 million. Floyd’s post-McGregor net worth, when combined with his previous net worth, was $560 million.
Floyd fought YouTuber Logan Paul in an exhibition match in June 2021. Floyd was guaranteed $10 million in addition to 50% of Pay-Per-View earnings. The PPV was purchased by around 1 million individuals, generating $50 million in revenue. Consequently, Floyd made a total of $35 million.
Alternate Appearances
Floyd participated in Dancing with the Stars in 2007. They placed ninth overall. Floyd got $20 million in 2008 to participate at WrestleMania XXIV.
Floyd Mayweather’s Net Worth
Floyd Mayweather is an American boxing champion and promoter of international acclaim. According to celebritynetworth.com, the net worth of Floyd Mayweather is $450 million. This makes him the wealthiest boxer in history. As of this writing, Floyd’s overall career earnings surpass $1.1 billion.
Floyd is the fifth highest-paid athlete in history and one of only six athletes whose lifetime earnings have exceeded $1 billion. 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) are the other five highest-earning athletes.
Perhaps the most impressive aspect of Floyd’s earnings is that he became the sixth highest-paid athlete of all time with relatively modest endorsement earnings. In contrast, the vast majority of the world’s highest-paid athletes got the vast bulk of their revenue from endorsement deals. Floyd gained more than $500 million from only two fights.
In 2015, he earned $250 million for his battle against Manny Pacquiao. In 2017, he earned $300 million by fighting Conor McGregor.
In a notorious incident with an ESPN reporter in 2013, just prior to his fight with Saul Alvarez, Floyd displayed his bank account balance. Floyd proudly exhibited his $123 million checking account balance.
Floyd was consistently (and by a wide margin) the best-paid athlete in the world during his prime boxing years. Floyd can easily earn $150 to $300 million per year when he is fighting, despite the fact that he has few endorsement deals.
From June 2014 to June 2015, Floyd made a staggering $300 million. Between June 2017 and June 2018, Floyd earned a total of $300 million, largely due to his August 2017 bout against Conor McGregor. Floyd regularly earns $10 million per year from endorsements outside of the ring.
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Real Estate
Floyd’s principal residence since 2018 is a 22,000-square-foot, 11-bedroom, custom-built estate in Las Vegas. He paid $10 million for the mansion.
In addition, he has a 13,000-square-foot house in Las Vegas, which served as his principal residence from 2010 until 2018. This residence was purchased for $9.5 million.
In 2017, he purchased a Beverly Hills property for $25,500,000. During the closing, he also invested $500,000 in home furnishings for this house. This home contains a sweets shop, a movie theatre with 12 seats, and a wine cellar with 300 bottles.
What Are the Other Controversies of Floyd Mayweather?
Floyd was accused in 2002 of two counts of domestic violence and one count of battery. For this offense, he received a six-month suspended sentence and community service.
After being convicted of two charges of misdemeanor battery, he was handed a one-year suspended sentence in 2004. After kicking a bouncer in 2005, he pled no guilty to a misdemeanor battery charge. He was given a suspended sentence of 90 days.
Floyd was sentenced to 90 days in county jail in 2011 for assault charges. In addition, he was required to complete 100 hours of community service and enroll in a 12-month domestic violence program. He ultimately served 63 days in jail.
Floyd filed a petition for medical release while serving his term, claiming that the daily 800-calorie prison cuisine was causing his muscles to atrophy away. He stated that his body required 3,000 to 4,000 calories per day. The judge did not oblige. Floyd was picked up by 50 Cent on a private jet with a piece of luggage containing $1 million in cash upon his release.