Floyd Mayweather Net Worth (Money & Salary)

Discover Floyd Mayweather’s net worth:

Floyd Mayweather, a renowned American boxing champion and promoter, boasts a net worth of $400 million. This makes him the wealthiest boxer in history. As of now, Floyd’s total career earnings exceed $1.1 billion.

He ranks as the 5th highest-paid athlete ever, joining an elite group of five athletes whose earnings have surpassed $1 billion. The other members 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 achieved this as one of the few athletes with limited endorsement income, contrary to many top earners who rely heavily on endorsements. Floyd acquired over half a billion dollars from just two fights, earning $250 million after his bout with Manny Pacquiao in 2015, and $300 million from his fight with Conor McGregor in 2017.

In a memorable incident with an ESPN reporter back in 2013, just before his fight against Saul Álvarez, Floyd showcased his checking account balance, proudly revealing $123 million.

Throughout his prime years as a boxer, Floyd consistently ranked as the highest-paid athlete worldwide by a significant margin. Despite minimal endorsement deals, Floyd could effortlessly accumulate $150 – $300 million annually during his fighting career. He amassed a staggering $300 million between June 2014 and June 2015, and another $300 million from June 2017 to June 2018, largely thanks to his 2017 bout with Conor McGregor. Beyond the ring, Floyd typically garners $10 million yearly from endorsements and other investments.

Younger Days and Amateur Journey

Floyd Mayweather was born on February 24, 1977, in Grand Rapids, Michigan. His father, Floyd Mayweather Sr., was a professional boxer known for his bout against Sugar Ray Leonard. Floyd Jr.’s uncles, Jeff and Roger, also pursued boxing professionally, with Floyd Sr. and Roger occasionally serving as Floyd Jr.’s trainers.

During Floyd’s childhood, his mother struggled with drug addiction, and his father was often absent. His father primarily introduced him to boxing when he was old enough to accompany him to the gym. When his father was incarcerated, Floyd resided with his grandmother and dedicated himself to boxing during that period, dropping out of high school to pursue an amateur career.

Between 1993 and 1996, Floyd clinched multiple national Golden Gloves championships and secured a bronze medal at the 1996 Atlanta Olympics. His amateur record stood at 84 wins and 4 losses.

Success in the Professional Realm

Floyd’s professional debut took place on October 11, 1996, where he swiftly defeated Roberto Apodaca by knockout in the second round.

Throughout his career, Floyd achieved a remarkable feat by claiming six boxing championships across five distinct weight classes: Super Featherweight, Lightweight, Junior Welterweight, Welterweight twice, and Super Welterweight. His current professional record stands at an astounding 50 wins and 0 losses, with 27 wins by knockout.

Accrued Earnings

As of now, Floyd Mayweather has accumulated an astonishing $1.1 billion in career earnings. Below is an overview of his earnings from each professional fight:

Career Earnings of Floyd Mayweather
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

Name: Deji Olatunji	Contract Date: November 2022	Earnings: $25 million
	Total Earnings	Total Wealth: $1.0272 billion

Earnings from his initial 15 fights prior to the 2005 Arturo Gatti match amounted to about $2 million. Floyd also amassed approximately $25 million through off-ring ventures such as merchandise sales and a few minor endorsement agreements.

Key Matches

On March 13, 2009, Mayweather was set to battle his toughest opponent, Manny Pacquiao. The pay-per-view for this fight was foreseen to exceed $180 million. Out of this sum, Floyd had a guaranteed upfront payment of $25 million with an additional $20-25 million contingent payment. The Pacquiao fight, however, did not materialize for several years. Floyd went on to triumph over “Sugar” Shane Mosley in 2010 and Victor Ortiz in 2011. On May 5, 2012, he defeated Miguel Cotto.

By winning against Robert Guerrero on May 4, 2013, Floyd earned an estimated $50 million ($32 million guaranteed). Subsequently, on September 14, 2013, he took home $75 million ($41.5 million guaranteed) in his encounter against Saul Alvarez, setting a record for boxing’s highest payout.

The Floyd vs. Pacquiao showdown eventuated on May 2, 2015, in Las Vegas. This fight was projected to be the most lucrative in boxing history. Floyd and Manny agreed to a profit split of 60-40, with Floyd netting $250 million and Pacquiao $150 million.

August 26, 2017, saw Floyd contest Conor McGregor in the most financially successful pay-per-view boxing match to date. The event attracted at least 5 million PPV sales, accumulating around $700 million in total revenue. Floyd’s earnings before taxes amounted to $300 million, of which around 40% was paid to the IRS. After settling his tax dues, his post-tax income from this event tallied to $160 million. This boosted his total net worth to $560 million.

In June 2021, Floyd partook in an exhibition bout against YouTuber Logan Paul, securing a guaranteed $10 million alongside 50% of the PPV proceeds. The event amassed $50 million from around 1 million PPV purchases, resulting in a total earnings of $35 million for Floyd.

In November 2022, Floyd garnered $25 million for facing off against Deji Olatunji in an exhibition match held in Dubai.

Additional Engagements

In 2007, Floyd participated in Dancing with the Stars, finishing in ninth place. The following year, he earned $20 million for his appearance at WWE’s WrestleMania XXIV.

Real Estate Holdings

Since 2018, Floyd’s primary dwelling is an 11-bedroom custom mansion in Las Vegas spanning 22,000 square feet, purchased for $10 million. Additionally, he owns a 13,000-square-foot Vegas abode where he resided from 2010 to 2018, acquired for $9.5 million.

In 2017, Floyd invested $25.5 million in a Beverly Hills estate, also spending $500,000 on furnishings such as a candy shop, a 12-seat theater, and a 300-bottle wine room. He possesses a New York City apartment, the Mayweather Boxing Club in Vegas, and a Vegas strip club named Girl Collection.

August 2021 saw Floyd purchase a waterfront mansion on Miami’s Palm Island at a cost of $18 million.

Vehicle Fleet

Floyd has a fleet of luxury cars valued at $15 million, as revealed in an interview with ESPN. He procured more than 100 cars from Towbin Motorcars in Las Vegas over the past two decades, paying for them in cash. Notable vehicles include a $5 million Koenigsegg CCXR Trevita, a $3.5 million Bugatti Chiron, three $2 million Bugatti Veyrons, and a limited edition LaFerrari Aperta worth over $1 million, alongside numerous Ferraris, Lamborghinis, Bentleys, Rolls Royces, and Mercedes.

He is said to own 16 Rolls Royces, segregating them by color at different residences; white vehicles at one mansion and black at the other.

Private Aircraft

Floyd owns a $60 million Gulfstream G650 dubbed “Air Mayweather,” acquired for his 41st birthday in 2018. He also possesses a $30 million Gulfstream III, utilizing the G650 with close associates and the Gulfstream III with his entourage during travels.

In January 2015, a photo posted by Floyd showed him in front of his jet and seven cars, totaling $60 million worth of assets.

Jewelry Collection

Floyd boasts a collection of over 40 high-end watches and over $3 million worth of jewelry worn at all times. In 2015, he spent $18 million on “The Billionaire” watch from Jacob the Jeweler, adorned with 239 exceptionally large diamonds.

Commercial Real Estate Ventures

In 2014, Floyd made a significant investment as a partner in a real estate development project.

CEO Marc Holliday announced SL Green’s investment in Floyd in December 2014, and as of now, Floyd holds a minority stake in nine skyscrapers in the US. Among these is One Vanderbilt, which stands as the tallest commercial building in the country.

Financial Problems?

Over the years, Floyd has faced allegations of financial issues. For instance, in March 2017, the IRS demanded $22.2 million in back taxes from Floyd related to his 2015 income. The IRS specifically stated that he owed $22,238,255. Surprisingly, Floyd stated he lacked sufficient liquid cash to settle the debt. Later, Floyd’s attorney assured the IRS that the outstanding bill, along with interest and penalties, would be paid from his earnings from the Conor McGregor fight. The IRS had required 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.”

By February 2020, 50 Cent, once Floyd’s friend turned foe, took to social media claiming Floyd was destitute and would need to return to the ring to replenish his funds shortly. These were unverified allegations that Floyd swiftly refuted on his own social media. Nevertheless, it’s worth mentioning that Floyd’s extravagant lifestyle requires a staggering amount of money to sustain. He rotates his belongings frequently, from homes and cars to jets and his entourage. It’s estimated that he spends tens of millions annually in a period where he lacks consistent major income streams. Floyd is known for never wearing the same shoes twice and giving away his discards to fans, housekeepers, and hotel staff. He constantly travels with a 20-person entourage made up of friends, family, bodyguards, a barber (despite being bald), and a beautiful female massage therapist. His residence was once burglarized, resulting in the theft of $7 million in jewelry.

Not to forget Floyd’s penchant for gambling. The extent of his wins or losses from sports betting remains undisclosed. He frequently showcases significant bets placed on various sports events throughout the year.

Other Controversies

In 2002, Floyd faced charges of domestic violence, leading to a six-month suspended sentence and community service. Subsequently, in 2004, he received a one-year suspended sentence for misdemeanor battery. Further legal troubles in 2005 and 2011 involved convictions and jail time, with Floyd even requesting release due to dietary concerns while in prison.

Summary

Floyd Mayweather’s net worth stands at $450 million and his career earnings surpass $1.1 billion. Significant payouts include $250 million from the Manny Pacquiao fight in May 2015 and $300 million from the Conor McGregor bout in August 2017.