Floyd Mayweather Net Worth (Money & Salary)
Title: Floyd Mayweather Net Worth (Money & Salary)
Last Updated: November 29, 2024
What is Floyd Mayweather’s net worth?
A world-famous American boxing champion and promoter, Floyd Mayweather boasts a net worth of $400 million, positioning him as the wealthiest boxer in history. To date, Floyd’s total career earnings exceed $1.1 billion.
Ranking as the fifth highest-paid athlete ever, Floyd is among only six athletes whose career earnings have surpassed $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 impressive due to his ability to achieve this high ranking with relatively few endorsement deals. In contrast, most of the highest-paid athletes have generated the majority of their wealth from endorsements. Floyd has earned over half a billion dollars from just two fights: $250 million from his 2015 bout with Manny Pacquiao and $300 million from his 2017 fight against Conor McGregor.
In a notorious 2013 moment with an ESPN reporter before his match with Saul Alvarez, Floyd showcased his checking account balance, which was an impressive $123 million.
During his prime years in boxing, Floyd consistently held the title of the highest-paid athlete globally. He typically earns between $150 million and $300 million annually during active fighting periods, despite minimal endorsement deals. From June 2014 to June 2015, Floyd raked in an astonishing $300 million, and again from June 2017 to June 2018, he earned another $300 million, largely attributable to his August 2017 fight with Conor McGregor. Besides his in-ring earnings, Floyd generally makes $10 million annually from endorsements and investments.
Early Life and Amateur Career
Born on February 24, 1977, in Grand Rapids, Michigan, Floyd Mayweather Jr. hails from a boxing family. His father, Floyd Mayweather Sr., was a professional boxer known for his bouts against Sugar Ray Leonard, while his uncles Jeff and Roger also enjoyed careers in boxing. Throughout different periods, both Floyd Sr. and Roger have acted as trainers for Floyd Jr.
Throughout his childhood, Floyd faced hardships as his mother struggled with addiction and his father was often absent. Floyd Sr. really only connected with young Floyd during trips to the boxing gym. Following his father’s incarceration, Floyd moved in with his grandmother, devoting himself to boxing during that time. He ultimately made the choice to drop out of high school.
in school, and he later turned amateur.
In 1993, 1994, and 1996, Floyd clinched national Golden Gloves championships. Additionally, he secured a bronze medal at the Atlanta Olympics in 1996. His amateur record stood at 84 – 4.
Professional Career
Floyd’s professional debut took place on October 11, 1996, where he knocked out his opponent, Roberto Apodaca, in the second round.
Throughout his career, Floyd achieved an extraordinary feat by winning six boxing championships across five different weight classes: Super Featherweight, Lightweight, Junior Welterweight, Welterweight (twice), and Super Welterweight. Currently, his professional boxing record boasts a remarkable 50 wins, with 0 losses. Out of those 50 victories, 27 were by knockout.
Career Earnings
As of now, Floyd Mayweather’s total career earnings amount to $1.1 billion. Below is a detailed fight-by-fight outline of every payday Floyd accumulated 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 |
Floyd also generated approximately $2 million from the first 15 fights following the 2005 matchup against Arturo Gatti. Moreover, he has made around $25 million outside the ring through merchandise sales and several smaller endorsement deals.
Notable Fights
Scheduled to take place on March 13, 2009, Mayweather was set to face the toughest challenger of his career, Manny Pacquiao. The bout was
probably the most awaited fight of the decade. At that point, it was anticipated that pay-per-view revenues would exceed $180 million. From this amount, Floyd was set to receive a guarantee of $25 million up front along with an additional $20-25 million on the backend. Sadly, Mayweather and Pacquiao could not come to an agreement, causing the fight to fizzle out for several years. Floyd went on to triumph over “Sugar” Shane Mosley on April 1st, 2010, and then Victor Ortiz in 2011. Subsequently, on May 5th, 2012, Mayweather claimed victory over Miguel Cotto.
Floyd earned an estimated $50 million (with $32 million guaranteed) for his win against Robert Guerrero on May 4th, 2013. Then, on September 14, 2013, Floyd collected $75 million (which included a guarantee of $41.5 million) when he fought Saul Alvarez, setting a new record for the largest purse in boxing history.
The highly anticipated Mayweather vs. Pacquiao bout finally occurred on May 2nd, 2015, in Las Vegas. It was projected as the fight that would generate the highest revenue in boxing history. Floyd and Manny consented to share the profits in a 60-40 split, with Floyd earning $250 million from the fight and Pacquiao earning $150 million.
On August 26, 2017, Mayweather competed against Conor McGregor in what became the highest-grossing Pay Per View boxing event ever. The event amassed at least 5 million PPV purchases, ultimately leading to a total revenue generation of around $700 million across all platforms, resulting in a $300 million paycheck for Mayweather before taxes. As a resident of Nevada, he avoided any state income taxes on that income, but he did pay roughly 40% of his earnings to the IRS. In fact, he settled 40% of his earnings along with an additional $22 million in back taxes owed from his 2015 income. Ultimately, after taxes, he took home $160 million. This brought his net worth to $560 million following the McGregor fight.
In June 2021, Floyd faced YouTuber Logan Paul in an exhibition match. He was guaranteed $10 million along with 50% of the Pay Per View profits. Approximately 1 million people bought the PPV, resulting in $50 million in revenue, leading to a total earning of $35 million for Floyd.
In November 2022, Floyd earned $25 million by competing against social media personality Deji Olatunji in an exhibition match in Dubai.
Other Appearances
Floyd participated as a contestant on Dancing with the Stars in 2007 and finished in ninth place. In 2008, he earned $20 million for his appearance at WWE’s WrestleMania XXIV.
Real Estate
Since 2018, Floyd’s primary residence has been an 11-bedroom custom-built mansion in Las Vegas, which spans 22,000 square feet, purchased for $10 million. Previously, he owned 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, Floyd purchased a Beverly Hills mansion for $25.5 million and additionally invested $500,000 in furnishings for the property at closing. The mansion features a candy shop, a 12-seat movie theater, and a wine room that holds 300 bottles. In September 2024, Floyd listed this Beverly Hills mansion for sale at $48 million.
He also owns an apartment
In New York City, Floyd has connections with the Mayweather Boxing Club located in Vegas, as well as a strip club in Vegas known as Girl Collection. In August 2021, he purchased a waterfront mansion on Palm Island in Miami for $18 million.
Car Collection
Dozens of high-end cars are part of Floyd’s collection. An ESPN interviewer once heard him say he possesses $15 million worth of luxury vehicles, all of which remain unused in his garage. Over the past twenty years, he has acquired more than 100 cars from Towbin Motorcars in Las Vegas, reportedly paying for each in cash. Among his standout automotive assets are a $5 million Koenigsegg CCXR Trevita, a $3.5 million Bugatti Chiron, three Bugatti Veyrons each valued at $2 million, a Bugatti Grand Sport Vitesse, a $1.4 million Pagani Huayra, and a limited edition LaFerrari Aperta worth over $1 million. This only represents a portion of his astonishing collection, as he also possesses numerous Ferraris, Lamborghinis, Bentleys, Rolls Royces, and Mercedes, among others.
There are reports stating that Floyd owns 16 Rolls Royces.
At one stage, he maintained a collection of white cars at one mansion and black cars at another.
Private Jets
Aboard one of his private jets, Floyd has a Gulfstream G650 valued at $60 million that he has named “Air Mayweather.” He acquired the jet as a birthday gift for himself when he turned 41 in 2018. There are also stories of him flying to Iceland merely for an Instagram photo on a dare. The jet features his name on the side and “50 – o” (his boxing record) on the wing tips.
Floyd actually has two private jets; the second one being a Gulfstream III, valued at $30 million. While traveling, he generally flies in the G650 alongside his closest companions while “Air Mayweather II” carries his entourage.
In January 2015, Floyd shared a photo of himself in front of his main jet alongside seven cars. He stood there amidst $60 million worth of “toys.”
Jewelry Collection
Floyd has showcased an impressive jewelry collection without holding back. He boasts ownership of over 40 high-end watches. He has revealed that he takes 30 watches on vacation and consistently wears at least $3 million worth of jewelry.
In 2015, he made headlines by spending an incredible $18 million on a single watch crafted by Jacob the Jeweler, which is adorned with 239 emerald-cut baguette diamonds, each up to three carats in weight. This extravagant timepiece is aptly named “The Billionaire.”
Commercial Real Estate Investments
In 2014, Floyd made a significant financial move by partnering with the real estate development firm SL Green. The announcement of his investment was made by SL Green’s CEO, Marc Holliday, in December 2014. As of now, he owns a minority stake in nine skyscrapers across the United States, including One Vanderbilt, which stands as the tallest commercial building in the country.
Financial Problems?
Throughout the years, Floyd has managed to skirt accusations of financial issues. For instance, in March 2017, the IRS issued a demand for $22.2 million in back taxes stemming from his income in 2015. To be precise, the IRS asserted that he owed $22,238,255. What adds to the surprise is Floyd’s claim of lacking sufficient liquid cash to settle the debt. Several months later, his lawyer filed documents guaranteeing the IRS that the bill, along with interest and penalties, would be covered by his earnings from the Conor McGregor fight. The IRS insisted on immediate payment, to which Floyd’s legal team responded:
“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, a former associate of Floyd’s, made headlines as well…
A former friend, now a bitter adversary, resorted to social media to assert that Floyd was financially depleted and would soon have to return to the boxing ring to replenish his wealth. These claims lacked evidence, and Floyd promptly countered them on his own social media platforms. Nevertheless, it’s important to note that maintaining Floyd’s lifestyle demands an extraordinary financial commitment. With his numerous residences, cars, jets, and entourage, he likely expends tens of millions annually, a significant amount at a time when he no longer receives a steady, substantial income. He discards shoes after wearing them once, often leaving them for fans, housekeepers, and hotel staff. At all times, a 20-person entourage joins him, composed of friends, family, bodyguards, a barber (despite his shaved head), and a massage therapist who just so happens to be an attractive woman. Once, his house was invaded by thieves who made off with $7 million worth of jewelry….
Moreover, we have yet to discuss Floyd’s gambling tendencies. It remains uncertain how much he has won or lost betting on sports, as he often flaunts exceedingly large wagers on various sporting events throughout the year.
Other Controversies
In 2002, Floyd faced charges for two counts of domestic violence and one count of misdemeanor battery, resulting in a six-month suspended sentence along with community service. In 2004, he was handed a one-year suspended sentence following convictions for two counts of misdemeanor battery. A year later, he entered a no-contest plea to a misdemeanor battery charge after a bouncer incident, receiving a 90-day suspended sentence. In 2011, Floyd was mandated to serve 90 days in county jail due to battery-related charges. Additionally, he had to complete 100 hours of community service and undergo a 12-month domestic violence program, actually serving 63 days in jail. While incarcerated, Floyd sought release on medical grounds, arguing that the 800-calorie daily prison meal plan was detrimental to his muscles, claiming his body required 3000-4000 calories each day. The judge denied his request. Upon his release, 50 Cent picked him up via private jet, bringing along a suitcase containing $1 million in cash.
Summary
Floyd Mayweather’s estimated net worth stands at $450 million. As of now, his career earnings exceed $1.1 billion. Notably, he earned $250 million in May 2015 from his fight against Manny Pacquiao and made $300 million in August 2017 from facing Conor McGregor.
Floyd Mayweather Net Worth (Money & Salary)
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The data is compiled from 2023 and 2024, with forecasts extending to 2025 and 2026. Additionally, we broaden the projections to include 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 29, 2024