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How much is Floyd Mayweather Worth?
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|How much is Floyd Mayweather Worth? by Kenyans247(1): Wed 28, October, 2020 12:18pm|
Floyd Mayweather net worth 2020 and career earnings: Floyd Mayweather is a world-renowned American boxing champion and promoter. Floyd's total career earnings, as of this writing, top $1.1 billion.
As of 2020, Floyd Mayweather's net worth is $450 million.
Floyd is 5th highest-paid athlete of all time and one of just six athletes whose career earnings have topped $1 billion. The other five 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). What's perhaps most-impressive about Floyd's earning stats is that he managed to become the fifth highest-paid athlete ever with relatively scant endorsement earnings. By comparison, most of the highest-paid athletes in history earned the vast majority of their income through endorsement deals. Floyd earned more than a half billion dollars from just two fights. He earned $250 million in 2015 after fighting Manny Pacquiao. He earned $300 million fighting Conor McGregor in 2017.
In an infamous incident with an ESPN reporter in 2013 just before his fight against Saul Alvarez, Floyd showed off his checking account balance. Floyd proudly displayed that his checking account balance was $123 million.
During his peak boxing years Floyd was consistently (and by far) the highest paid athlete in the world. Despite having very few endorsement deals, Floyd can easily earn $150 – $300 million a year when he is fighting. Between June 2014 and June 2015, Floyd earned a mind-boggling $300 million. Between June 2017 and June 2018, Floyd earned a total of $300 million, mostly thanks to his fight against Conor McGregor that occurred in August 2017. Outside of the ring, Floyd typically earns $10 million from endorsements per year.
Floyd Mayweather was born on February 24, 1977 in Grand Rapids, Michigan. His father, Floyd Mayweather Sr., was also a professional boxer who most famously fought Sugar Ray Leonard. Floyd Jr.'s uncles Jeff and Roger are also former professional boxers. Floyd Sr. and Roger have at various times served as one of Floyd's trainers.
As a kid, Floyd's mother was addicted to drugs and his father was somewhat absent. His father primarily spent time with a young Floyd when he was old enough to go to the boxing gym. When his father was sent to jail, Floyd moved in with his grand mother. During this time, Floyd devoted himself to boxing. He dropped out of high school and became an amateur.
Floyd won national Golden Gloves championships in 1993, 1994 and 1996. Also in 1996, he won a bronze medal at the Atlanta Olympics. His amateur record was 84 – 4.
Floyd's first professional fight occurred on October 11, 1996. He knocked out his opponent, Roberto Apodaca, in the second round.
During his career, Floyd would go on to win an unprecedented six boxing championships in five different weight classes: Super Featherweight, Lightweight, Junior Welterweight, Welterweight twice and Super Welterweight. His professional boxing record as of this writing is an astonishing 50 wins and 0 losses. Of the 50 wins, 27 were by knock out.
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 Septeber 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
Total $987.2 million
He also earned around $2 million from his first 15 fights that proceeded the 2005 match against Arturo Gatti. Floyd has earned around $25 million outside the ring selling merchandise and from a handful of relatively small endorsement deals.
As of this writing, when you total it all up Floyd Mayweather's career earnings are $1.1 BILLION.
JOHN GURZINSKI/AFP/Getty ImagesJOHN GURZINSKI/AFP/Getty Images
On March 13, 2009 Mayweather was scheduled to face the fiercest opponent of his career Manny Pacquiao. The bout was probably the most anticipated fight in a decade. At the time, pay per view revenues were expected to exceed $180 million. Of that $180 million, Floyd was to be guaranteed $25 million up front plus an additional $20-25 million on the backend. Unfortunately Mayweather and Pacquiao could not reach an agreement and the fight fizzled for many years. Floyd went on to defeat "Sugar" Shane Mosley on April 1st 2010, and Victor Ortiz in 2011. On May 5th, 2012, Mayweather defeated Miguel Cotto.
On May 4th, 2013, Floyd earned estimated $50 million ($32 million guaranteed) for beating Robert Guerrero. On September 14, 2013, Floyd earned $75 million ($41.5 million was guaranteed) when he faught Saul Alvarez. That set a record for the highest purse in boxing history. A record which will easily be beaten when Floyd finally faces off against Manny Pacquio on May 2nd, 2015.
Mayweather vs. Pacquiao finally took place on May 2nd 2015 in Las Vegas. It is expected to be the highest revenue-generating fight in boxing history. Floyd and Manny agreed to split all profits 60-40. Floyd earned $250 million off the fight. Pacquiao earned $150 million.
On August 26, 2017, Floyd Mayweather fought Conor McGregor in what was the highest-grossing Pay Per View boxing event in history. The event generated at least 5 million PPV purchases. When it was all said and done, the fight generated around $700 million in total revenue across all sources and left Mayweather with a paycheck of $300 million before taxes. As a Nevada resident, he did not pay any state income taxes on those earnings. He did pay around 40% of his earnings to the IRS. Actually he paid 40% of his earnings plus $22 million in back taxes that he owed related to his 2015 income. When it's all said and done, his after tax take was $160 million. When added to his previous net worth, Floyd ended the McGregor fight with a net worth of $560 million.
(Photo by Tom Pennington/Getty Images)
In 2007, Floyd was a contestant on Dancing with the Stars. They finished in ninth place. In 2008 Floyd earned $20 million to appear at WWE's WrestleMania XXIV.
Floyd's primary residence since 2018 is an 11-bedroom custom-built mansion in Las Vegas that spans 22,000 square-feet. He bought the house for $10 million. He also owns a 13,000 square-foot mansion in Vegas that was his primary residence from 2010 until 2018. He bought this house in 2019 for $9.5 million.
In 2017 he spent $25.5 million on a Beverly Hills mansion. He also spent $500,000 on home furnishings for this property at the time of the close. This house has a candy shop, 12-seat movie theater and a 300-bottle wine room.
He owns an apartment in New York City, the Mayweather Boxing Club in Vegas and a strip club in Vegas called Girl Collection.
Floyd owns dozens of high end cars. He once told an ESPN interviewer that he has $15 million worth of luxury cars sitting in his garage that have never been driven. Over the last two decades, Floyd has bought more than 100 cars from Towbin Motorcars in Las Vegas. He reportedly pays for his cars in cash. Some of his most notable 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 which is worth north of $1 million. This is just a sample of his incredible collection. Floyd owns many more Ferraris, Lamborghinis, Bentleys, Rolls Royces, Mercedes and more.
Floyd reportedly owns 16 Rolls Royces.
At one point all the cars he owned and kept at one mansion were white and all the cars he kept at his other mansion were black.
Floyd owns a $60 million Gulfstream G650 which he dubbed "Air Mayweather". He bought the jet for himself for his 41st birthday in 2018. He reportedly flew to Iceland just to take a photo for Instagram, on a dare. The plane is emblazoned with his name on the side and "50 – o" (his boxing record) on the wing tips.
Floyd actually owns two private jets. The second is a $30 million Gulfstream III. When he travels, Floyd reportedly flies in the G650 with his closest associates while "Air Mayweather II" follows with his entourage.
In January 2015, Floyd posted a photo of himself standing in front of his main jet and seven cars. In total he was standing in front of $60 million worth of "toys".
Floyd has not been shy about showing off his jewelry collection. He owns more than 40 extremely high-end watches. He has claimed that when he goes on vacation, he brings 30 watches and at all times is wearing at least $3 million worth of jewelry.
In 2015, Floyd paid an astounding $18 million for a single watch, made by Jacob the Jeweler. This watch features 239 emerald-cut baguette diamonds that are up to three carats each. The watch is appropriately called "The Billionaire".
Over the years Floyd has dodged allegations of financial problems. For example in March 2017 the IRS hit Floyd with a demand for $22.2 million in back taxes related to his 2015 income. If you want to be specific, the IRS claimed that he owed $22,238,255. If that's not crazy enough, Floyd claimed he didn't have enough liquid cash to cover the debt. A few months later, Floyd's lawyer filed paperwork assuring the IRS that their bill would be paid in full with interest and penalties directly from his Conor McGregor fight earnings. The IRS had demanded to be paid immediately, to which Floyd's legal team replied:
"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 former friend and now bitter enemy, took to social media to claim that Floyd was broke and would soon need to step back into the ring to re-fill his coffers soon. These were unsubstantiated claims which Floyd was quick to refute over his social media. However, it must be said that Floyd's lifestyle costs an extraordinary amount of money to maintain. Between the houses, the cars, the jets, the entourage and more… he likely burns through tens of millions of dollars each year, at a time when he no longer has consistent significant income. He never wears a pair of shoes more than once and leaves behind all of his discards for fans, housekeepers and hotel staff. At all times, he travels with a 20 person entourage that is made up of friends, family members, bodyguards, a barber (even though his head is shaved) and a massage therapist who coincidentally happens to be a gorgeous female. Thieves broke into his house once and made off with $7 million worth of jewelry….
And we haven't even talked about Floyd's gambling habits. It's impossible to know how much money Floyd has won or lost gambling on sports. He frequently shows off extremely large wagers taken on sporting events throughout the year.
In 2002 Floyd was charged with two counts of domestic violence and one count of misdemeanor battery. He received a six-month suspended sentence and community service for this charge. In 2004 he was given a one-year suspended sentence after being convicted of two counts of misdemeanor batter battery. In 2005 he pleaded no-contest to a misdemeanor batter charge after kicking a bouncer. He received a 90-day suspended sentence. In 2011, Floyd was ordered to serve 90 days in county jail on battery charges. He also had to perform 100 hours of community service and attend a 12-month domestic violence program. He ended up serving 63 days in jail. While serving the sentence, Floyd petitioned to be released for medical reasons because he claimed the 800-calorie daily prison food menu was causing his muscles to waste away. He claimed his body needed 3000-4000 calories per day. The judge did not oblige. When Floyd was released, he was picked up by 50 Cent in a private jet with a suitcase filled with $1 million in cash.
Floyd Mayweather's net worth is $450 million. As of this writing he has earned more than $1.1 billion during his career. He earned $250 million in May 2015 fighting Manny Pacquiao. Floyd earned $300 million in August 2017 fighting Conor McGregor.
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