Floyd Mayweather Net Worth (Money & Salary)
Title: Floyd Mayweather Net Worth (Money & Salary)
Last Updated: December 5, 2024
What is Floyd Mayweather’s net worth?
Floyd Mayweather, a celebrated American boxing champion and promoter, boasts a net worth of $400 million, positioning him as the richest boxer in history. As of now, Floyd’s total career earnings exceed $1.1 billion.
Ranked as the 5th highest-paid athlete ever, Mayweather joins an elite group of six athletes whose career earnings surpass $1 billion. The others in this group 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). A remarkable aspect of Floyd’s financial success is that he achieved this status with relatively minimal endorsement income compared to many top athletes, who often derive the majority of their wealth from sponsorship deals. Notably, he earned 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 2013, just prior to his fight with Saul Alvarez, an infamous incident occurred in which Floyd showcased his checking account balance of $123 million during an interview with an ESPN reporter.
Throughout his peak years in boxing, Floyd consistently ranked as the highest-paid athlete globally, earning between $150 million and $300 million annually while fighting, despite having few endorsement deals. Between June 2014 and June 2015, he earned an astonishing $300 million. Similarly, in the period from June 2017 to June 2018, he also made $300 million, primarily due to his fight with Conor McGregor in August 2017. Floyd typically garners around $10 million annually from endorsements and various investments outside of the ring.
Early Life and Amateur Career
Born on February 24, 1977, in Grand Rapids, Michigan, Floyd Mayweather Jr. comes from a boxing family; his father, Floyd Mayweather Sr., was a professional boxer, notably known for fighting Sugar Ray Leonard. Additionally, Floyd Jr.’s uncles, Jeff and Roger, were also professional boxers, with both Floyd Sr. and Roger serving as trainers for him at different points in his career.
Floyd’s childhood was marked by challenges; his mother struggled with addiction, and his father was often absent. It was only when Floyd was old enough to join him at the boxing gym that they spent significant time together. After his father was incarcerated, Floyd moved in with his grandmother and dedicated himself to boxing, ultimately dropping out of high school to focus entirely on the sport.
school and transitioned into amateur boxing.
Floyd clinched the national Golden Gloves championships in 1993, 1994, and 1996. Additionally, he secured a bronze medal during the 1996 Olympics held in Atlanta. His amateur boxing record stood at 84 wins and 4 losses.
Professional Career
Floyd’s inaugural professional fight took place on October 11, 1996, where he achieved a knockout against his opponent, Roberto Apodaca, in the second round.
Throughout his career, Floyd amassed an extraordinary total of six boxing championships across five distinct weight classes: Super Featherweight, Lightweight, Junior Welterweight, Welterweight (twice), and Super Welterweight. As of now, his professional boxing record boasts an impressive 50 victories with no defeats, including 27 wins by knockout.
Career Earnings
Currently, when everything is added together, Floyd Mayweather’s total career earnings amount to $1.1 billion. Presented below is a detailed breakdown of each payday Floyd received throughout 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 |
From his initial 15 fights leading up to the 2005 match against Arturo Gatti, he accrued approximately $2 million. Additionally, Floyd has generated around $25 million from merchandise sales and various smaller endorsement deals outside the boxing ring.
Notable Fights
On March 13, 2009, Mayweather was set to compete against one of his toughest rivals, Manny Pacquiao. The fight was…
probably the most anticipated fight in a decade. At the time, pay-per-view revenues were projected to exceed $180 million. From this total, Floyd was assured $25 million upfront, in addition to another $20-25 million on the backend. Unfortunately, an agreement could not be reached between Mayweather and Pacquiao, leading the fight to remain dormant for several years. Floyd went on to secure victory against “Sugar” Shane Mosley on April 1st, 2010, and later defeated Victor Ortiz in 2011. On May 5th, 2012, Mayweather triumphed over Miguel Cotto.
On May 4th, 2013, Floyd earned an estimated $50 million, with $32 million guaranteed, for his win against Robert Guerrero. Then, on September 14, 2013, Floyd brought in $75 million, of which $41.5 million was guaranteed, during his fight with Saul Alvarez. This set a record for the highest purse in boxing history.
The long-awaited Mayweather vs. Pacquiao bout finally occurred on May 2nd, 2015, in Las Vegas, anticipated to become the highest revenue-generating fight in boxing history. The agreement between Floyd and Manny resulted in a 60-40 profit split. Floyd ultimately earned $250 million from the match, while Pacquiao made $150 million.
Floyd Mayweather faced Conor McGregor on August 26, 2017, in a match that became the highest-grossing Pay Per View boxing event ever. The event registered at least 5 million PPV purchases, culminating in about $700 million in total revenue across all channels. Afterward, Mayweather received a paycheck of $300 million before taxes. As a resident of Nevada, he didn’t pay any state income tax on his earnings, although he did remit around 40% of his income to the IRS. This included an additional payment of $22 million in back taxes stemming from his 2015 income. Ultimately, his after-tax earnings totaled $160 million, resulting in a net worth of $560 million after combining it with his prior assets.
In June 2021, Floyd engaged in an exhibition match against YouTuber Logan Paul, where he was guaranteed $10 million along with 50% of the Pay Per View profits. The event attracted approximately 1 million PPV buyers, generating a total of $50 million in revenue, resulting in Floyd’s total earnings of $35 million.
In November 2022, Floyd earned $25 million when he faced social media influencer Deji Olatunji in an exhibition match held in Dubai.
Other Appearances
Floyd participated as a contestant on Dancing with the Stars in 2007, finishing in ninth place. The following year, he earned $20 million for his appearance at WWE’s WrestleMania XXIV.
Real Estate
Since 2018, Floyd has resided in a custom-built mansion in Las Vegas containing 11 bedrooms, covering 22,000 square feet. He purchased this property for $10 million. Additionally, he owns a 13,000-square-foot mansion in Vegas, which served as his primary residence from 2010 until 2018, bought for $9.5 million.
In 2017, he acquired a Beverly Hills mansion for $25.5 million and invested $500,000 on home furnishings at the time of purchase. This mansion features a candy shop, a 12-seat movie theater, and a wine room housing 300 bottles. Floyd listed this Beverly Hills property for sale in September 2024 for $48 million.
He possesses an apartment
locations including a boxing club in New York City, the Mayweather Boxing Club in Las Vegas, and a strip club called Girl Collection in Vegas. In August 2021, Floyd acquired a waterfront mansion on Miami’s Palm Island for $18 million.
Car Collection
Dozens of high-end cars are owned by Floyd. He revealed to an ESPN interviewer that he has luxury cars valued at $15 million sitting untouched in his garage. Over the past two decades, more than 100 cars have been purchased by Floyd from Towbin Motorcars in Las Vegas, reportedly paying for them in cash. Among his most remarkable car assets are 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 valued at over $1 million. This glimpse represents only a fraction of his astonishing collection which also includes numerous Ferraris, Lamborghinis, Bentleys, Rolls Royces, and Mercedes.
Reportedly, Floyd possesses 16 Rolls Royces.
At one time, all the vehicles housed in one mansion were white, while those in his other mansion were black.
Private Jets
Floyd owns a $60 million Gulfstream G650, which he named “Air Mayweather.” He obtained this jet for himself for his 41st birthday in 2018. Allegedly, he flew to Iceland merely to capture an Instagram photo as part of a dare. The aircraft features his name on the side and “50 – o” (representing his boxing record) on the wing tips.
In fact, Floyd has two private jets. The second one is a $30 million Gulfstream III. When traveling, Floyd typically flies in the G650 with those closest to him, while “Air Mayweather II” carries his entourage.
A photo was shared by Floyd in January 2015, standing in front of his main jet along with seven cars. In total, the value of the “toys” he was posing with amounted to $60 million.
Jewelry Collection
Floyd has proudly exhibited his extensive jewelry collection. More than 40 extremely high-end watches are part of his collection. He claimed that during vacations, he carries 30 watches and is always adorned with at least $3 million worth of jewelry.
In 2015, he made a remarkable purchase of a single watch from Jacob the Jeweler for $18 million. This timepiece is set with 239 emerald-cut baguette diamonds, each weighing up to three carats. Coined “The Billionaire,” the watch truly reflects extravagance.
Commercial Real Estate Investments
In 2014, Floyd invested substantially to partner with the real estate development firm SL Green. The CEO of SL Green, Marc Holliday, confirmed Floyd’s investment in December 2014. Currently, Floyd holds a minority stake in nine skyscrapers across the United States, including One Vanderbilt, recognized as the tallest commercial building in the country.
Financial Problems?
Throughout the years, allegations of financial issues have been skirted by Floyd. For instance, in March 2017, he received a demand from the IRS for $22.2 million in back taxes concerning his 2015 income. Specifically, the IRS claimed he owed $22,238,255. Interestingly, Floyd asserted that he lacked sufficient liquid cash to settle the debt. Shortly thereafter, Floyd’s lawyer filed documentation assuring the IRS that the bill would be fully cleared with interest and penalties directly from his earnings from the Conor McGregor fight. The IRS insisted on immediate payment, to which Floyd’s legal representatives 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, Floyd’s former 50 Cent,
A friend turned bitter enemy recently took to social media to assert that Floyd was financially struggling and would need to return to the boxing ring to bolster his finances. These claims were not backed by evidence, and Floyd swiftly countered them on his own social media platforms. Nevertheless, it’s important to note that maintaining Floyd’s lavish lifestyle incurs enormous expenses. With numerous houses, luxury cars, private jets, and a large entourage, he is likely spending tens of millions of dollars each year, particularly as his source of consistent major income has diminished. His habit of wearing shoes only once and leaving them behind for fans, housekeepers, and hotel staff adds to his excesses. A 20-person entourage, which includes friends, relatives, bodyguards, a barber (despite his shaved head), and a stunning female massage therapist, always accompanies him. At one point, thieves broke into his home and stole jewelry valued at $7 million….
Moreover, we haven’t even scratched the surface regarding Floyd’s gambling habits. It’s difficult to determine how much he has either won or lost in sports betting. Throughout the year, he often flaunts large bets placed on various sporting events.
Other Controversies
In 2002, Floyd faced charges for two counts of domestic violence and one count of misdemeanor battery, receiving a six-month suspended sentence and community service. A year later, he was handed a one-year suspended sentence after being found guilty of two counts of misdemeanor battery. In 2005, after kicking a bouncer, he pleaded no contest to a misdemeanor battery charge, resulting in a 90-day suspended sentence. In 2011, Floyd was mandated to serve 90 days in county jail due to battery charges, along with 100 hours of community service and a 12-month domestic violence program, ultimately serving 63 days. During his time in jail, he petitioned for early release on medical grounds, arguing that the 800-calorie daily prison menu was deteriorating his muscles, claiming his body required 3000-4000 calories daily. The judge denied his request. Upon his release, 50 Cent picked him up in a private jet, bringing along a suitcase filled with $1 million in cash.
Summary
Floyd Mayweather has a net worth of $450 million, having earned over $1.1 billion throughout his illustrious career. Notably, he earned $250 million in May 2015 from his fight against Manny Pacquiao and garnered $300 million in August 2017 while fighting Conor McGregor.
Floyd Mayweather Net Worth (Money & Salary)
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Data is compiled from 2023 and 2024, with forecasted figures for 2025 and 2026, and further projections extending 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 5, 2024