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?
The illustrious American boxing champion and promoter Floyd Mayweather boasts a net worth of $400 million, making him the richest boxer in history. His total career earnings surpass $1.1 billion as of this writing.
Ranked as the fifth highest-paid athlete ever, Floyd joins the ranks of only six athletes whose career earnings have exceeded $1 billion. This elite group includes 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 stands out in Floyd’s earning statistics is his ability to achieve such wealth with minimal endorsement deals, unlike many top earners who often rely heavily on endorsements for their income. For instance, Floyd made over half a billion dollars from just two matches: $250 million in 2015 from his fight against Manny Pacquiao, and $300 million from his bout with Conor McGregor in 2017.
In a notorious moment during an ESPN interview in 2013, just prior to his fight with Saul Alvarez, Floyd revealed his checking account balance, proudly displaying a staggering $123 million.
During the peak of his boxing career, Floyd consistently held the title of the highest-paid athlete globally. Even with few endorsement partnerships, he was capable of earning between $150 million and $300 million annually during fighting periods. Notably, he generated a remarkable $300 million between June 2014 and June 2015, and the same amount between June 2017 and June 2018, primarily due to his August 2017 fight with Conor McGregor. Additionally, outside the ring, Floyd typically accumulates around $10 million yearly from endorsements and various investments.
Early Life and Amateur Career
Born on February 24, 1977, in Grand Rapids, Michigan, Floyd Mayweather comes from a family of boxers; his father, Floyd Mayweather Sr., was a professional boxer known for his matches against Sugar Ray Leonard. Floyd Jr.’s uncles, Jeff and Roger, also pursued careers in professional boxing, and at various points, both Floyd Sr. and Roger have taken on the role of his trainer.
Floyd faced significant challenges in his early life, with a mother battling drug addiction and a father who was often absent. His father’s presence in Floyd’s youth was mainly limited to time spent at boxing gyms. After his father was incarcerated, Floyd went to live with his grandmother, during which he devoted himself to boxing and ultimately dropped out of high school.
school, transitioning to an amateur career.
Floyd clinched national Golden Gloves titles in 1993, 1994, and 1996. Additionally, he secured a bronze medal during the Atlanta Olympics in 1996. His amateur record stands at 84 wins and 4 losses.
Professional Career
The first professional bout for Floyd took place on October 11, 1996, where he achieved a knockout victory against Roberto Apodaca in the second round.
Throughout his illustrious career, Floyd amassed an astounding six boxing championships across five distinct weight classes: Super Featherweight, Lightweight, Junior Welterweight, two Welterweight titles, and Super Welterweight. As of this writing, his professional boxing record boasts an incredible 50 wins with no losses, including 27 victories by knockout.
Career Earnings
Currently, it is noted that Floyd Mayweather’s career earnings total $1.1 billion. Below is a detailed fight-by-fight summary of every financial gain Floyd achieved 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 |
In addition, from the first 15 bouts leading up to the 2005 fight against Arturo Gatti, he earned approximately $2 million. Outside the ring, Floyd has generated around $25 million through merchandise sales and a few relatively minor endorsement contracts.
Notable Fights
On March 13, 2009, Mayweather’s much-anticipated match against his toughest rival, Manny Pacquiao, was scheduled. The confrontation was
arguably the most awaited fight in a decade. At that moment, pay-per-view revenues were projected to surpass $180 million. From this amount, Mayweather was to receive a guaranteed $25 million upfront along with an additional $20-25 million on the backend. Sadly, an agreement between Mayweather and Pacquiao could not be reached, causing the fight to lose momentum for several years. Floyd continued his success by defeating “Sugar” Shane Mosley on April 1st, 2010, and Victor Ortiz in 2011. Then, on May 5th, 2012, he triumphed over Miguel Cotto.
On May 4th, 2013, Floyd garnered approximately $50 million ($32 million guaranteed) for besting Robert Guerrero. Later, on September 14, 2013, he earned $75 million ($41.5 million guaranteed) for his match against Saul Alvarez—a record-setting purse in boxing history.
Finally, the long-anticipated Mayweather vs. Pacquiao fight took place on May 2nd, 2015, in Las Vegas. It was projected to be the highest revenue-generating fight in the sport’s history. Floyd and Manny agreed on a 60-40 profit split. Floyd’s earnings from the fight totaled $250 million, while Pacquiao earned $150 million.
On August 26, 2017, Floyd Mayweather faced off against Conor McGregor in an event that became the highest-grossing Pay Per View boxing match ever. This event generated at least 5 million PPV buys, culminating in around $700 million in total revenue from all sources, leading Mayweather to walk away with a $300 million paycheck before taxes. As a resident of Nevada, he did not incur state income taxes on these earnings and paid about 40% of his earnings to the IRS, which amounted to 40% plus $22 million in back taxes owed from his 2015 income. Ultimately, his after-tax earnings totaled $160 million. Adding this to his previous net worth, Floyd concluded the McGregor bout with a net worth of $560 million.
In June 2021, Floyd participated in an exhibition match against YouTuber Logan Paul. He was guaranteed $10 million plus 50% of the Pay Per View profits. With around 1 million PPV purchases, the event generated $50 million in revenue, resulting in a total earning of $35 million for Floyd.
In November 2022, Floyd earned $25 million for an exhibition bout against social media sensation Deji Olatunji, which took place in Dubai.
Other Appearances
In 2007, Floyd participated as a contestant on Dancing with the Stars, finishing in ninth place. The following year, he received $20 million for making an 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, encompassing 22,000 square feet, which he purchased for $10 million. He also possesses a 13,000-square-foot mansion in Vegas, serving as his primary home from 2010 to 2018, bought for $9.5 million.
In 2017, he acquired a mansion in Beverly Hills for $25.5 million, also investing $500,000 in home furnishings at the time. This property boasts a candy shop, a 12-seat movie theater, and a 300-bottle wine room. In September 2024, Floyd listed this Beverly Hills mansion for sale at $48 million.
Additionally, he owns an apartment.
In New York City, as well as at the Mayweather Boxing Club in Las Vegas, and at a Las Vegas strip club named Girl Collection. In August 2021, Floyd purchased a waterfront mansion located on Miami’s Palm Island for $18 million.
Car Collection
Floyd possesses an impressive array of luxury vehicles. He once mentioned in an ESPN interview that he has $15 million worth of high-end cars in his garage that have yet to be driven. In the past two decades, he has acquired over 100 vehicles from Towbin Motorcars in Las Vegas, reportedly paying in cash. His collection boasts remarkable cars such as a $5 million Koenigsegg CCXR Trevita, a $3.5 million Bugatti Chiron, three Bugatti Veyrons valued at $2 million each, a Bugatti Grand Sport Vitesse, a $1.4 million Pagani Huayra, and a limited edition LaFerrari Aperta worth over $1 million. This is merely a glimpse of his astonishing collection, which also includes numerous Ferraris, Lamborghinis, Bentleys, Rolls Royces, and Mercedes.
It is reported that Floyd has 16 Rolls Royces in his possession.
At one time, all vehicles he owned at one mansion were white, while all vehicles at his other mansion were black.
Private Jets
Floyd owns a Gulfstream G650 jet valued at $60 million, which he has named “Air Mayweather.” He acquired this jet as a gift for himself on his 41st birthday in 2018. Floyd allegedly flew to Iceland just to take an Instagram photo on a dare. The jet showcases his name on the side and his boxing record, “50 – o,” on the wings.
In fact, Floyd has two private jets. The second one is a Gulfstream III worth $30 million. When traveling, Floyd is reported to fly in the G650 with his closest associates, while “Air Mayweather II” follows carrying his entourage.
In January 2015, Floyd shared a photo of himself in front of his main jet alongside seven cars, totaling $60 million in what he describes as “toys.”
Jewelry Collection
Floyd has openly showcased his extensive jewelry collection. He possesses over 40 exquisite high-end watches. He claims that during vacations, he takes 30 watches along and is constantly adorned with at least $3 million worth of jewelry.
In 2015, Floyd made a staggering purchase of $18 million for a single watch created by Jacob the Jeweler. This remarkable piece is adorned with 239 emerald-cut baguette diamonds, each weighing up to three carats. The watch is aptly named “The Billionaire.”
Commercial Real Estate Investments
In 2014, Floyd made a significant financial commitment to become a partner in the real estate development company SL Green. SL Green’s CEO, Marc Holliday, announced Floyd’s investment in December 2014. As of now, Floyd holds a minority stake in nine skyscrapers across the United States, including One Vanderbilt, the tallest commercial building in the country.
Financial Problems?
Throughout the years, Floyd has faced various allegations regarding financial issues. For instance, in March 2017, the IRS filed a request against him for $22.2 million in back taxes stemming from his 2015 income. More specifically, the IRS claimed he owed $22,238,255. To add to the absurdity, Floyd asserted he lacked sufficient liquid cash to settle the amount. A few months later, his attorney submitted documents assuring the IRS that the outstanding bill would be completely settled with interest and penalties directly from his earnings from the fight against Conor McGregor. The IRS demanded 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, who was once Floyd’s…A former friend turned bitter adversary recently took to social media, making claims that Floyd was financially struggling and would soon need to return to the boxing ring to replenish his funds. These allegations lacked evidence, which Floyd was quick to deny on his social media platforms. However, it’s important to note that the maintenance of Floyd’s extravagant lifestyle incurs a staggering amount of expenses. Between the mansions, luxurious cars, private jets, and his large entourage, he is likely spending tens of millions annually, especially now that his income streams aren’t as consistent. He never wears shoes more than once and generously leaves his used items for fans, hotel staff, and housekeepers. Additionally, he always travels with a 20-person entourage that includes friends, relatives, bodyguards, a barber (despite his shaved head), and a female massage therapist who happens to be quite attractive. Previously, thieves broke into his home and managed to steal $7 million worth of jewelry….
We also have yet to discuss Floyd’s gambling tendencies. It remains uncertain how much he has either gained or lost from sports betting. He routinely showcases massive bets placed on various sporting events year-round.
Other Controversies
In 2002, Floyd faced charges for two counts of domestic violence and one count of misdemeanor battery. For these, he received a six-month suspended sentence along with community service. Following that in 2004, he was handed down a one-year suspended sentence after being convicted on two counts of misdemeanor battery. Then in 2005, he entered a no contest plea for a misdemeanor battery charge after an incident involving a bouncer, resulting in a 90-day suspended sentence. By 2011, Floyd was ordered to spend 90 days in county jail on battery charges, in addition to performing 100 hours of community service and attending a 12-month domestic violence program. Ultimately, he served 63 days in jail. During his incarceration, Floyd sought a medical release, arguing that the prison’s 800-calorie daily food allowance was detrimental to his muscles, claiming he required 3000-4000 calories daily. His request was denied by the judge. Upon his release, he was greeted by 50 Cent, who arrived in a private jet carrying a suitcase with $1 million in cash.
Summary
Floyd Mayweather’s net worth stands at $450 million. To date, he has amassed over $1.1 billion throughout his career. Notably, he earned $250 million in May 2015 from his fight against Manny Pacquiao and $300 million in August 2017 for his bout with Conor McGregor.
Floyd Mayweather Net Worth (Money & Salary)
Thank you for taking the time to read this article titled: Floyd Mayweather Net Worth (Money & Salary)
Data extends from 2023 to 2024, with projections available for 2025 and 2026. We also broaden the forecast until 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