Floyd Mayweather Net Worth (Money & Salary)
Title: Floyd Mayweather Net Worth (Money & Salary)
Last Updated: December 6, 2024
What is Floyd Mayweather’s net worth?
Floyd Mayweather, a globally recognized American boxing champion and promoter, has a net worth of $400 million, making him the wealthiest boxer in history. His total career earnings have exceeded $1.1 billion as of now.
Ranked as the 5th highest-paid athlete ever, he joins an elite group of six athletes whose career earnings have surpassed $1 billion. The others 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). Notably, what stands out in Floyd’s earning figures is his ability to become the fifth highest-paid athlete with minimal endorsement revenue. In contrast, the majority of the highest-paid athletes generate their income predominantly from endorsements. Floyd amassed over half a billion dollars from just two fights: $250 million from his 2015 match against Manny Pacquiao and $300 million from his 2017 bout with Conor McGregor.
In a notorious moment with an ESPN reporter before his fight with Saul Alvarez in 2013, Floyd revealed his checking account balance—an impressive $123 million.
Throughout his peak boxing years, Floyd consistently held the title of the highest-paid athlete globally. Even with few endorsement partnerships, he can earn between $150 million and $300 million annually during fight years. From June 2014 to June 2015, Floyd raked in an astonishing $300 million, and again between June 2017 and June 2018, he earned another $300 million, largely attributed to his fight with Conor McGregor in August 2017. Outside of boxing, his endorsements and investments usually yield about $10 million per year.
Early Life and Amateur Career
Born on February 24, 1977, in Grand Rapids, Michigan, Floyd Mayweather’s father, Floyd Mayweather Sr., was a professional boxer best known for fighting Sugar Ray Leonard. Additionally, Floyd Jr.’s uncles, Jeff and Roger, also had careers in professional boxing, with both Floyd Sr. and Roger acting as trainers for him at different times.
During Floyd’s childhood, his mother struggled with drug addiction, and his father was largely absent. It wasn’t until Floyd was old enough for the boxing gym that he started spending time with his father. Following his father’s imprisonment, Floyd lived with his grandmother, dedicating himself to boxing during this period. He ultimately dropped out of high school to focus on his boxing career.
school and transitioned to becoming an amateur.
In 1993, 1994, and 1996, Floyd secured national Golden Gloves championships. Additionally, he earned a bronze medal during the Atlanta Olympics in 1996. His amateur boxing record stood at 84 – 4.
Professional Career
Floyd’s debut in professional boxing took place on October 11, 1996, where he achieved a knockout victory over Roberto Apodaca in the second round.
Throughout his career, Floyd attained an extraordinary six boxing championships across five different weight classes: Super Featherweight, Lightweight, Junior Welterweight, Welterweight (twice), and Super Welterweight. His professional record, as of this time, boasts an impressive 50 wins without a single loss, with 27 of those victories coming by way of knockout.
Career Earnings
As it stands, Floyd Mayweather’s career earnings total to $1.1 billion. Below is a detailed breakdown of Floyd’s earnings from each fight in his professional boxing career:
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 |
Additionally, Floyd earned approximately $2 million from his first 15 fights prior to the 2005 match against Arturo Gatti. He has also generated around $25 million from merchandise sales and a few relatively minor endorsement deals outside the ring.
Notable Fights
On March 13, 2009, Mayweather was set to fight Manny Pacquiao, known as the fiercest challenger of his career. The match wasprobably the most eagerly awaited fight in a decade. At that time, it was projected that pay-per-view revenues would exceed $180 million. Floyd was to receive a guaranteed $25 million upfront, along with an additional $20-25 million on the backend from that total. Unfortunately, due to a failure to reach an agreement, the fight between Mayweather and Pacquiao fell through for several years. Floyd continued his career by defeating “Sugar” Shane Mosley on April 1st, 2010, and then going on to defeat Victor Ortiz in 2011. Mayweather secured a victory against Miguel Cotto on May 5th, 2012.
Floyd earned an estimated $50 million ($32 million guaranteed) with his win over Robert Guerrero on May 4th, 2013. Following that, on September 14, 2013, he made $75 million ($41.5 million guaranteed) after fighting Saul Alvarez. This achievement broke the record for the highest purse ever in boxing history.
Finally, Mayweather vs. Pacquiao took place on May 2nd, 2015, in Las Vegas, anticipated to be the highest revenue-generating fight in boxing history. Floyd and Manny agreed to a 60-40 profit split. Floyd made $250 million from the fight, while Pacquiao earned $150 million.
On August 26, 2017, Floyd Mayweather faced Conor McGregor in what became the highest-grossing Pay-Per-View boxing event ever. The event achieved at least 5 million PPV purchases. Ultimately, it generated around $700 million in total revenue from all sources, leaving Mayweather with a whopping $300 million paycheck before taxes. As he resides in Nevada, he did not owe any state income taxes on this income, although he did pay around 40% of his earnings to the IRS. This included an additional $22 million in back taxes related to his 2015 income. After everything was settled, his take-home amount after taxes was $160 million. When added to his previous net worth, Floyd’s net worth had risen to $560 million by the time of the McGregor fight.
In June 2021, Floyd participated in an exhibition match against YouTuber Logan Paul, for which he was guaranteed $10 million plus 50% of the Pay-Per-View profits. Approximately 1 million people bought the PPV, leading to a revenue generation of $50 million. As a result, Floyd’s earnings totaled $35 million.
In November 2022, Floyd earned a total of $25 million for his exhibition match against social media influencer Deji Olatunji that occurred in Dubai.
Other Appearances
In 2007, Floyd participated as a contestant on Dancing with the Stars, finishing in ninth place. The following year, he earned $20 million for making an appearance at WWE’s WrestleMania XXIV.
Real Estate
Since 2018, Floyd’s primary residence has been a custom-built mansion in Las Vegas featuring 11 bedrooms and covering 22,000 square feet, which he purchased for $10 million. Additionally, he has a 13,000-square-foot mansion in Vegas, serving as his primary residence from 2010 until 2018, which he bought for $9.5 million.
In 2017, he acquired a mansion in Beverly Hills for $25.5 million, spending $500,000 on home furnishings upon closing. This property boasts a candy shop, a 12-seat movie theater, and a wine room capable of holding 300 bottles. Floyd has listed this Beverly Hills mansion for sale at $48 million as of September 2024.
He owns an apartment
In Miami’s Palm Island, Floyd acquired a waterfront mansion for $18 million in August 2021, in addition to his club in New York City and the Girl Collection strip club in Vegas.
Car Collection
Owning a multitude of high-end vehicles, Floyd once mentioned to an ESPN interviewer that his garage housed $15 million worth of luxury automobiles that have never touched the road. Throughout the past twenty years, he has purchased over 100 cars from Towbin Motorcars located in Las Vegas, and he is said to buy his vehicles outright in cash. Among his most impressive car assets are 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 only scratches the surface of his breathtaking collection, which includes numerous Ferraris, Lamborghinis, Bentleys, Rolls Royces, and Mercedes, among others.
Reports suggest Floyd possesses 16 Rolls Royces.
At one time, every car in one of his mansions was white, while those in another mansion were all black.
Private Jets
Floyd owns a Gulfstream G650, valued at $60 million, which he named “Air Mayweather.” He acquired the jet as a personal gift for his 41st birthday back in 2018 and is known to have flown to Iceland just for an Instagram photo challenge. The exterior of the jet is adorned with his name and features “50 – o” (representing his boxing record) on the wing tips.
In fact, Floyd has two private jets, the second being a $30 million Gulfstream III. When traveling, he typically flies in the G650 alongside his closest friends, while “Air Mayweather II” carries his entourage.
In January 2015, Floyd shared an image of himself in front of his main jet and seven cars, collectively valued at $60 million, which he deemed as his “toys.”
Jewelry Collection
Floyd isn’t shy about showcasing his extensive jewelry collection, which includes over 40 exceptionally high-end watches. He has stated that on vacations, he takes 30 watches and at any given moment, he wears at least $3 million in jewelry.
Notably, in 2015, he spent an eye-popping $18 million for a singular watch crafted by Jacob the Jeweler, featuring 239 emerald-cut baguette diamonds, each up to three carats. The watch is aptly named “The Billionaire.”
Commercial Real Estate Investments
In 2014, Floyd made a significant investment in the real estate development company SL Green, making him a partner. This investment was announced by SL Green’s CEO, Marc Holliday, in December 2014. As of now, Floyd holds a minority interest in nine skyscrapers across the United States, one of which is One Vanderbilt, recognized as the tallest commercial building in the country.
Financial Problems?
Throughout his career, Floyd has faced continuous speculation regarding potential financial difficulties. For instance, in March 2017, the IRS issued a demand for $22.2 million in back taxes linked to his income from 2015, specifying an amount of $22,238,255. In a surprising twist, Floyd claimed he lacked sufficient liquid assets to settle the debt. A few months later, his attorney informed the IRS that the bill, along with interest and penalties, would be settled in full using proceeds from Floyd’s fight against Conor McGregor. The IRS requested immediate payment, prompting Floyd’s legal team to respond:
“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 past…A friend who has now turned into a bitter enemy took to social media, making the claim that Floyd was financially struggling and would soon have to return to the ring to refill his financial resources. These assertions lacked evidence and Floyd was quick to dismiss them on his own social media platforms. However, it is important to note that Floyd’s extravagant lifestyle requires a substantial sum of money to sustain. With expenses from houses, cars, jets, his entourage, and more, he may deplete tens of millions of dollars each year, especially during a time when significant income is not as consistent. He never wears a pair of shoes more than once and generously leaves behind his unwanted items for fans, housekeepers, and hotel staff. At all times, he travels accompanied by a 20-person entourage that includes friends, family, bodyguards, a barber (despite his shaved head), and a massage therapist who also happens to be an attractive woman. Previously, thieves broke into his residence and stole $7 million worth of jewelry…
Moreover, we have yet to address Floyd’s gambling habits. It is challenging to ascertain the total amount of money he has won or lost in sports betting. He often flaunts extremely large wagers placed on various sporting events throughout the year.
Other Controversies
In 2002, Floyd faced charges of two counts of domestic violence and one count of misdemeanor battery. As a result, he was given a suspended six-month sentence along with community service. In 2004, after being convicted of two counts of misdemeanor battery, he received a one-year suspended sentence. The following year, he entered a no contest plea for a misdemeanor battery charge related to an incident involving a bouncer, resulting in a 90-day suspended sentence. In 2011, Floyd was sentenced to 90 days in county jail for battery charges, along with the obligation to complete 100 hours of community service and participate in a 12-month domestic violence program. Ultimately, he served 63 days in jail. While incarcerated, Floyd submitted a petition for early release due to medical concerns, arguing that the 800-calorie daily prison menu was detrimental to his physique. He maintained that his body required 3000-4000 calories per day, yet the judge did not grant his request. Upon his release, Floyd was picked up by 50 Cent on a private jet, carrying along a suitcase packed with $1 million in cash.
Summary
As of this moment, Floyd Mayweather’s net worth stands at $450 million. Throughout his career, he has made over $1.1 billion. Notably, he earned $250 million fighting Manny Pacquiao in May 2015 and $300 million competing against Conor McGregor in August 2017.
Floyd Mayweather Net Worth (Money & Salary)
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The data is from 2023 and 2024, with forecast data extending to 2025 and 2026. We also expand the projections to 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: December 6, 2024