Table of Contents Hide
- Floyd Mayweather’s Net Worth 2021
- Key Highligts
- Early Years
- Fights of Note
- Real Estate
- Automobile Collection
- Private Planes
- Collection of Jewelry
- Financial Problems?
- Floyd Mayweather’s Net Worth: Investment Strategies
- Floyd Mayweather’s Net Worth 2021 FAQs
- What is Floyd Mayweather's Net Worth 2021
- Who is Floyd Mayweather?
Net worths are becoming a thing in the world of business; especially for celebrities like Floyd Mayweather. You may be thinking, are there any relationships between celebrities and business. Well, the most successful celebrities in different sectors of the entertainment industry are those who have entrepreneurial strategies in place behind the scenes. This post will cover Floyd Mayweather’s net worth in 2021 and his background story. Basically all you’d need maybe model his business lifestyle.
Let’s set the ball rolling…
Floyd Mayweather’s Net Worth 2021
Floyd Mayweather is an American boxing champion and promoter who is well-known around the world. According to Forbes Magazine, Floyd Mayweather’s net worth as of 2021 was $450 million dollars. As a result, he is the wealthiest boxer of all time. However, his total career earnings have surpassed $1.1 billion as of this writing.
Floyd is the 5th highest-paid athlete of all time, and one of only six athletes in history to earn more than $1 billion in their careers. Michael Schumacher is worth $1 billion; Jack Nicklaus is worth $1.15 billion; Arnold Palmer is worth $1.35 billion; Tiger Woods is worth $1.65 billion; and Michael Jordan is worth $1.9 billion. But what’s most impressive about Floyd’s earnings is that he became the sixth highest-paid athlete in history while having only a few endorsement deals.
Most of the highest-paid athletes in history, on the other hand, made the majority of their money from endorsement deals. In just two fights, Floyd made more than half a billion dollars. He earned $250 million after defeating Manny Pacquiao in 2015. In 2017, he earned $300 million by fighting Conor McGregor.
Floyd handed off his checking account balance to an ESPN reporter in a memorable incident in 2013 just before his fight against Saul Alvarez. He proudly displayed his $123 million checking account balance.
Floyd was routinely (and by far) the most paid athlete in the world during his prime boxing years. He could easily earn $150 – $300 million per year when he fights, despite having very few endorsement deals.
Floyd made a staggering $300 million between June 2014 and June 2015. He earned $300 million between June 2017 and June 2018, the majority of which came from his August 2017 boxing tournament with Conor McGregor. Floyd routinely earns $10 million per year from endorsements outside of the ring.
- In 2015, he made $250 million fighting Manny Pacquiao.
- In 2018, he made $300 million fighting Conor McGregor.
- To date, he has amassed a fortune of $1.1 billion.
- Only five athletes have made more than $1 billion.
- At the height of his fame, he was consistently the highest-paid entertainment on the planet.
- A single watch was once sold for $18 million.
- Owns a Gulfstream G650 private jet worth $60 million.
- He owns a Beverly Hills mansion worth $25 million.
- Has a $10 million house in Las Vegas.
- Fighting Logan Paul netted him $35 million. Paul
- Floyd Mayweather’s net worth hangs around $450,000,000.
- Each fight is worth $300 million.
Floyd Mayweather was born in Grand Rapids, Michigan on February 24, 1977. Floyd Mayweather Sr., Floyd’s father, was a professional boxer who memorably faced Sugar Ray Leonard. Jeff and Roger, Floyd Jr.’s uncles, are also former professional boxers. Floyd Sr. and Roger have both worked as Floyd’s trainers at different times.
On the other hand, Floyd’s mother was a heroin addict as a child, and his father was gone. When Floyd was old enough to go to the boxing gym, his father spent most of his time with him. Floyd moved to live with his grandmother after his father was imprisoned. Floyd devoted himself to boxing during this time. But then, he had to drop out of high school to pursue a career as an amateur musician.
In 1993, 1994, and 1996, Floyd won national Golden Gloves championships. He also won a bronze medal at the 1996 Atlanta Olympics. He has an amateur record of 84-4.
On October 11, 1996, Floyd had his first professional bout. In the second round, he knocked out his opponent, Roberto Apodaca.
Floyd would go on to win six boxing championships in five different weight classes during his career, including Super Featherweight, Lightweight, Junior Welterweight, Welterweight twice, and Super Welterweight. As of this writing, he has a professional boxing record of 50 wins and 0 loses. 27 of the 50 victories were by knockout.
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||Septeber 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|
He also made nearly $2 million in his first 15 fights prior to his 2005 bout with Arturo Gatti. Outside of the ring, Floyd has made roughly $25 million from clothing sales and a few small endorsement deals.
Fights of Note
On March 13, 2009, Mayweather was set to meet Manny Pacquiao, his toughest opponent to date. The fight was most likely the most anticipated in a decade. Pay-per-view revenues were predicted to top $180 million at the time. And Floyd was to receive $25 million upfront and an extra $20-25 million of the $180 million. Unfortunately, Mayweather and Pacquiao were unable to come to an agreement, and the match was postponed for several years. On April 1st, 2010, Floyd defeated “Sugar” Shane Mosley; and Victor Ortiz in 2011. Mayweather defeated Miguel Cotto on May 5, 2012.
Floyd won an estimated $50 million ($32 million guaranteed) for defeating Robert Guerrero on May 4th, 2013. Floyd got $75 million ($41.5 million was guaranteed) when he fought Saul Alvarez on September 14, 2013. This set a new record for the largest purse ever paid in boxing. When Floyd fought Manny Pacquio on May 2nd, 2015, this record was easily beaten.
On May 2nd, 2015, Mayweather vs. Pacquiao ultimately took place in Las Vegas. The match was expected to be the most lucrative in boxing history. All revenues were distributed 60-40 between Floyd and Manny. The bout netted Floyd $250 million. Pacquiao made $150 million throughout his career.
Floyd Mayweather and Conor McGregor fought on August 26, 2017, in the highest-grossing Pay Per View boxing event in history. At least 5 million PPV tickets were sold for the event. After all, was said and done, the fight brought in roughly $700 million in total money from all sources, leaving Mayweather with a $300 million salary before taxes.
But then, he did not pay any state income taxes on those earnings because he was a Nevada resident. He did, however, pay the IRS about 40% of his revenues. In reality, he paid 40 percent of his earnings plus $22 million in unpaid taxes on his 2015 gains. After all, was said and done, Floyd Mayweather’s net worth was $160 million after taxes. Floyd ended the McGregor bout with a net worth of $560 million when his prior net worth was factored in.
Floyd fought YouTuber Logan Paul in an exhibition match in June 2021. He was promised $10 million, plus a half-share of the pay-per-view proceeds. The PPV was purchased by around 1 million individuals, generating $50 million in income. Floyd received a total of $35 million as a result.
Floyd was a Dancing-with-the-Stars participant in 2007. They came in eighth position overall. Floyd was paid $20 million to participate at WWE’s WrestleMania XXIV in 2008.
Floyd’s principal abode since 2018 has been a 22,000-square-foot 11-bedroom custom-built estate in Las Vegas. He paid $10 million for the house. Floyd also has a 13,000-square-foot house in Las Vegas, which he lived in from 2010 to 2018. He paid $9.5 million for this home.
He bought a Beverly Hills property for $25.5 million in 2017. At the time of the closing, he also spent $500,000 on home furnishings for this house. Furthermore, there’s a sweets shop, a 12-seat movie theater, and a 300-bottle wine room on this property.
He owns a New York City condominium, the Mayweather Boxing Club in Las Vegas, and the Girl Collection strip club in Vegas.
Floyd spent $18 million for a waterfront mansion on Miami’s Palm Island in August 2021.
Floyd owns a large number of high-end automobiles. He once told an ESPN interviewer that he had a garage full of luxury cars totaling $15 million that he has never driven. According to reports, Floyd has purchased over 100 cars from Towbin Motorcars in Las Vegas over the last two decades.
He is said to pay cash for his automobiles. A $5 million Koenigsegg CCXR Trevita, a $3.5 million Bugatti Chiron, a total of 3 $2 million Bugatti Veyrons, a Bugatti Grand Sport Vitesse, a $1.4 million Pagani Huayra, and a limited edition LaFerrari Aperta worth north of $1 million are among his famous automobile possessions. This is just a small portion of his vast collection. Floyd has a plethora of Ferraris, Lamborghinis, Bentleys, Rolls Royces, Mercedes, and other high-end automobiles.
Floyd is the proud owner of a $60 million Gulfstream G650 called “Air Mayweather.” In 2018, he purchased the jet for his 41st birthday. On a dare, he allegedly traveled to Iceland merely to capture a shot for Instagram. His name is inscribed on the side of the jet, and “50 – 0” (his boxing record) is emblazoned on the wingtips.
Floyd is the proud owner of two private jets. The second is a Gulfstream III, which costs $30 million.
Floyd shared a snapshot of himself standing in front of his primary plane and seven cars in January 2015. He was in front of $60 million worth of “automobiles” in all.
Collection of Jewelry
Floyd hasn’t shied away from flaunting his bling collection. He has more than 40 high-end timepieces. He claims that when he goes on vacation, he carries 30 watches and wears at least $3 million in jewels at all times.
Floyd paid an incredible $18 million for a single Jacob the Jeweler watch in 2015. There are 239 emerald-cut baguette diamonds totaling up to three carats in this watch. “The Billionaire” is a fitting name for the watch.
Floyd has evaded allegations of financial difficulties throughout the years. Floyd, for example, was slammed by the IRS in March 2017 with a demand for $22.2 million in overdue taxes on his 2015 earnings. To be more explicit, the IRS said he owed $22,238,255 in taxes. Not only that, but Floyd claimed he didn’t have enough liquid cash to pay. Floyd’s lawyer filed documentation with the IRS a few months later, promising them that their payment would be paid in full, including interest and penalties, directly from his Conor McGregor bout proceeds. The IRS wanted payment right away, to which Floyd’s legal team responded:
“Although the taxpayer has significant assets, they are mostly restricted and illiquid. The taxpayer has a substantial liquidity event coming up in around 60 days, after which he plans to settle the remaining 2015 tax debt due and outstanding.”
Floyd’s former friend and now bitter rival 50 Cent said on social media in February 2020 that Floyd was broke and would soon need to return to the ring to re-fill his coffers. These were unsupported assertions, which Floyd quickly debunked on social media.
Floyd’s lifestyle, on the other hand, must be stated to be extremely expensive to maintain. Between the mansions, the cars, the planes, the entourage, and everything else… He probably spends tens of millions of dollars each year, despite the fact that he no longer has a steady source of income. He never wears the same pair of shoes twice and leaves his trash for admirers, housekeepers, and hotel personnel.
Furthermore, he is always accompanied by a 20-person entourage, which includes friends, family members, bodyguards, a barber (despite the fact that his head is shaved), and a massage therapist. Once, thieves stormed into his home and stole $7 million in valuables….
Floyd’s gambling habits haven’t even been mentioned yet. It’s impossible to say how much money Floyd has made or lost from sports betting. Throughout the year, he frequently displays extraordinarily significant wagers at athletic events.
Floyd Mayweather’s Net Worth: Investment Strategies
Mayweather demonstrates a keen entrepreneurial intelligence outside of the ring and behind the bright camera flashes and luxury, employing various savvy techniques to construct a multibillion-dollar entertainment empire.
These five strategies will give you a behind-the-scenes look at the often shady world of sports and entertainment. They won’t just help you become a better entrepreneur if you use them.
They’ll assist you in comprehending the game of “Money.”
Here are five of Mayweather’s business savvy strategies.
#1. An Artist Must Also Be An Entrepreneur
“In sports, Floyd has the unique business model in which he keeps 100% of the money. When it comes to revenue generation and distribution, we shifted the paradigm.”— Leonard Ellerbe, CEO of Mayweather Promotions
Mayweather’s success is built on this foundation.
Floyd Mayweather was cutting out the middlemen long before it was fashionable.
He founded his own boxing organization, Mayweather Promotions, after famously betting $750k on himself to break his contract with Top Rank.
Floyd would go on to have his own boxing show. And because he is both the supervisor of the promotion and the athlete competing in it, he enjoys unrivaled autonomy!
It gives him the power to set the price of the event, among other things. How much should Pay-Per-Views (PPV) be sold for? What is the cost of each admittance ticket? He is the one who writes his own paycheques. He even gets a portion of the proceeds from the event’s food and products!
Through Mayweather Promotions, a portion of every hot dog sold, T-shirt purchased, and beer consumed goes directly to Mayweather.
Floyd was able to secure the single largest salary in sports history, a cool $275 million for one night’s work against Conor McGregor, thanks to his ability to be his own boss.
#2. Take Carefully Considered Risks
Floyd is in command of everything, which is bad news. Recruiting personnel, pairing fighters, reserving a location, and filming promotional footage for television. He and his company are in charge of everything.
The good news is that he is in complete control.
Floyd gets to set his own prices, but the advantages of being your own employer extend much beyond that.
Floyd has complete creative control because he is the proprietor. He gets to choose his opponents, the venue, and the time and location of the fight.
Floyd now has the ability to choose what is best for him.
And, to use Mayweather’s own words,
“I have faith in Floyd Mayweather. Because Floyd Mayweather is only interested in what is best for him.”
Working for a firm is fine. Even if it’s in collaboration with a business. Self-publishing via Amazon has shown to be lucrative for writers, much like YouTube has proven to be lucrative for entertainers.
However, it’s important to remember that, in the end, corporations will always look out for themselves. They can, and they will, for their own gain, pull the rug out from under you.
I’m not fabricating anything. YouTube made a significant modification to its monetization model a few months ago, restricting adverts for films aimed towards kids.
Thousands of YouTube video creators lost their rice bowls overnight.
It’s not personal; it’s just business, but it emphasizes the necessity for artists to diversify and be their own bosses.
Furthermore, it’s OK to write on Medium, but you should also maintain your own blog. Having your own domain is a safety net, a buffer against fate’s whims.
True, it’s a high-risk, high-reward meta. However, keep in mind that increased risk usually means larger rewards.
Intelligent entrepreneurs always go for the choice with the most upside potential, then do everything they can to reduce risk.
Risk exists as long as you are alive. It’s difficult to totally eliminate risk, but smart business people do their best to minimize risk while maximizing gain.
However, owning your own firm, especially one as large as Mayweather Promotions, is a demanding task. It’s hazardous, logistically complex, and a lot of hard work. That means you won’t be able to do anything on your own.
You’ll need a strong crew on your side.
#3. Surround Yourself With Successful Business Associates and Mentors
From the outside, both boxing and business appear to be lonely, solo pursuits. That couldn’t be more incorrect.
Floyd may be the face of the Mayweather brand, but don’t be fooled; the company is run by other skilled businessmen, each with their own unique tasks to perform.
Leonard Ellerbe, the longstanding CEO of Mayweather Promotions, and Floyd’s manager, and Al Haymon, are two notables.
Mayweather’s right-hand guy, Ellerbe, has been with him for a long time. On behalf of Mayweather Promotions, he may be seen doing interviews and brokering deals. This frees Floyd to concentrate on his own important role in the organization, which is to promote the fight and win it.
In terms of Al Haymon, it’s safe to claim that “Money” would not exist without him.
This is true both metaphorically and literally.
The Mayweather organization was founded by Al Haymon, who was the original mastermind behind it. Al began his career in the music industry, where he assisted with the management of artists such as Janet Jackson, Whitney Houston, and Eddie Murphy.
Al became Mayweather’s coach and manager after getting into boxing. Floyd took to the profitable business model of music marketing like a fish to water when he was introduced to it.
He was the first (and, as of this writing, the only) boxer to incorporate the superior revenue-generating paradigm of the music industry into boxing, earning multiple unheard-of nine-figure paydays.
Floyd made a brilliant decision to expand. He started his own companies in addition to Mayweather Promotions.
And, despite their apparent disconnection, Floyd’s side hustles serve the twin function of bolstering his promotional business while also providing him with extra revenue sources
#4. Make Yourself a Sponsor
Floyd has typically been rejected by many big-name businesses because of his love of portraying the “heel” – the mean role used to hype fights.
When asked about it, he has been outspoken, claiming that being himself is more important, and indeed more profitable, than corporate endorsements.
While this is true, corporate sponsorships remain a significant source of revenue in the entertainment business. Floyd is aware of this and has devised a novel solution to the situation.
Rather than seeking sponsors, Floyd chose to start his own clothing brand, The Money Team (TMT)
Floyd can essentially sponsor himself by forming TMT.
Take a look at this: Floyd Mayweather is the owner of his own promotional organization, Mayweather Promotions, as well as his own garment company, Mayweather Apparel (TMT). That implies he can do things like wear his own TMT gear to his own fights.
On the other hand, he can use TMT emblems to promote his clothing brand during Mayweather Promotion events.
Who’s going to stop him, after all? He is the CEO of both businesses!
Mayweather eventually negotiated a million-dollar deal with Hublot, but TMT had already made millions and would continue to make millions if Hublot or any other sponsors dropped out.
It’s a win-win situation.
#5. Make the Most of Your Brand
Floyd declared his plans to launch a franchise shortly after defeating Conor McGregor and retiring unbeaten.
“Mayweather Boxing + Fitness” is a fitness gym chain with two distinct hooks. It is backed by the powerful Floyd Mayweather brand, and it makes use of cutting-edge Virtual Reality (VR) technology during workout sessions.
Guests will be able to have Floyd Mayweather’s virtual self handle their mitts, as well as participate in sparring matches and full-fledged fights with Floyd’s in-game persona.
The best part about owning these enterprises is how supportive they are of one another.
Floyd could sell TMT items in his gym if he so desires. To promote his franchise, he may produce a bespoke line of TMT attire just for Mayweather Boxing + Fitness.
He could sell Mayweather Promotion tickets and TMT goods as well as membership packages to his gym during his events.
His enterprises fit together perfectly like jigsaw puzzles. They move millions of dollars and eyes from one place to another. It’s a living, breathing machine, an art form, and it’s truly stunning to behold.
Floyd is the owner of a full company ecosystem, not just a few stand-alone businesses.
Floyd Mayweather’s Net Worth 2021 FAQs
What is Floyd Mayweather's Net Worth 2021
According to sources, Floyd Mayweather’s net worth hangs around $450 million.
Who is Floyd Mayweather?
Floyd Mayweather is an American boxing champion and promoter who is well-known around the world. According to Forbes Magazine, Floyd Mayweather’s net worth as of 2021 was $450 million dollars. As a result, he is the wealthiest boxer of all time.