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Floyd Mayweather Net Worth 2018

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Personal Finance

Floyd Mayweather Net Worth 2018

Updated: June 2018

Floyd Mayweather Jr. has amassed a legion of fans around the world for his boxing prowess in a professional career which has spanned 21 years. His love of extravagance and luxury has not always endeared him to everyone.  However, Floyd Mayweather net worth does not lie.  It’s estimated to be $560 Million – $700M as of May 2018, having earned more than $1.1 billion in his career. This figure is projected to go up whether ‘the money man’ chose to return the ring or not.

Floyd Mayweather Net Worth: $560 million according to Celebrity Net Worth

Floyd Mayweather Career Earnings: $1.1 Billion

Floyd Mayweather The Richest Athlete in 2017:  $285M

According to Forbes, Mayweather was the highest paid athlete in 2017 making $285M.  A vast majority of that yearly paycheck or $275M came for his boxing match against UFC icon Conor McGregor.  He is the world’s highest paid athlete for the fourth time in seven years.  Mayweather made another $10 million from appearances, memorabilia and endorsements with watch maker Hublot and liquor Tequila Avion. MayWeather, Michael Jordan and Tiger Woods are the only athletes to earn $1 billion since turning pro.  In 2017, Cristiano Ronaldo, LeBron James and Lionel Messi who were the next highest paid athletes made only a combined $259M.

The boxing luminary is widely regarded as one of the greatest exponents of the “Sweet Science”, a term within boxing which is generally adorned to athletes in the sport who exhibit slick skills and cerebral skill set inside the ropes.

The man known as “Money” broke his earning records thanks to the fight against cage fighter Conor McGregor. (Details below) The fight has a spectacle and a good representation of sports new reality: high stakes endless hype and piles of cash.

The American boxer stood the MMA superstar challenge, amassing to a perfect 50-0 professional boxing record to break Rocky Marciano longest undefeated streak in boxing. Of these 50 fights, Floyd won 27 by knockout putting him up the hall of fame with legionaries  such as Muhammad Ali and Julio Cesar Chavez.

Floyd Mayweather Jr’s Early Beginnings

Floyd Mayweather Jr. is an American pro boxing champion who is regarded as one the top pound-for -pound fighter of his generation.

Mayweather was born Floyd Joy Sinclair in Grand Rapids, Michigan on Feb. 24, 1977, to Floyd Mayweather & Deborah Sinclair.  Mayweather Sr., a professional boxer and welterweight contender had a moderately successful career, of which the obvious highlight was facing legendary fighter Sugar Ray Leonard when Floyd Jr. was just one year old.

Mayweather Sr’s brothers, Roger and Jeff Mayweather, were also professional boxers. Roger, who won two world championships, was incredibly influential on Floyd Mayweather Jr. taking up a career in boxing. Being born into a family where boxing was the fabric of their ties would have made it an almost certainty that the younger Floyd would follow in their footsteps! And thankfully, he did.

Mayweather once told of how he was certain that he would pursue a career in boxing:

“I think my grandmother saw my potential first,” Mayweather declared. “When I was young, I told her ‘I think I should get a job.’ She said: ‘No, just keep boxing’.” 

 

Floyd-Mayweather-Family

[From left to right] Floyd Mayweather Sr., Floyd Mayweather Jr. and uncle Roger Mayweather.

Mayweather’s mother had a crippling drug addiction, and his own aunt passed away following a battle with A.I.D.S due to her own addiction to narcotics. Mayweather Sr., when not “hustling” and “selling drugs” spent all of his time with his son training him in the art of boxing.

In his not perfect family, Mayweather sought to boxing to vent out his frustration and anger. Years down the line, his precision, speed and uncanny ring sense propelled him to become one of the best.

Mayweather Family Life Today

Mayweather is a proud and dedicated father. However, his life with women is far from convincing having dated several and been married to none.

Demeaning as that may sound, some of the women he dated include Doralie Median, Liza Hernandez, Josie Harris and Shantel Jackson.

He has four children from these women, Lyanna, Kouraun, Jira and Zion.

The legendary boxer credits his drive and desire to ensure that his children have better lives than he had and it appears that is definitely the case!

Floyd-Mayweather-Family

Personal problems

Mayweather family dynamics have intruded his work. In his early ages, his father was his trainer. However, in 2000 the two parted ways (career-wise) after he fired him as his manager. Months later things went even more south firing him for the second time as his trainer to replace him with his uncle, Roger Mayweather.

Outside the ring, Floyd continues to fight different kinds of battles some of which knocks him out. In 2002, the king of the ring was sentenced to 90 days in jail after pleading guilty to domestic violence.

Since then, Mayweather has been arrested several times in battery and violent cases in his hometown of Grand Rapids and Las Vegas.

Floyd Mayweather Net Worth

According to Celebrity Net Worth, Mayweather has a net worth of circa $560 million dollars – not bad for a kid who came from almost nothing! In addition to this mouth watering amount of wealth, Mayweather also enjoys having the ability to buy luxury cars, lavish jewels, yachts and private jets which are beyond most people’s means.

Floyd Mayweather Billionaire

Floyd Mayweather turned pro in 1996 after losing a controversial Olympic bronze medal fight.  This incident became the most important moment of his professional life. Mayweather never lost another fight and became the legend we know of today. “Pretty Boy” Floyd was born and as the clouds parted, one of the greatest fighters of all time continued to blast through opponent after opponent.

Floyd-Mayweather-Olympics

Even though Mayweather knocked out 13 of his first 15 opponents, he earned mostly five-figure paydays.  In 1998, Mayweather won his first title, making $150,000 from a TKO victory of Genaro Hernandez.

PayPerView Fights

Mayweather’s first Pay-Per-View fight came in 2005.  Mayweather earned $3.2 million for his six-round annihilation of Arturo Gatti.

It wasn’t until he beat multiple world champion and boxing’s pay-per-view king Oscar De La Hoya in 2007.  When he took the crown of PPV king, Floyd Mayweather Jr’s net worth sky rocketed. Mayweather, having admittedly been the “B” side of that fight was now the undisputed king of boxing.  Even though De La Hoya earned a then-record $52 million as the fight set, Mayweather pocketed a cool  $25 Million.  The last time Mayweather made less than his opponent.

Mayweather used the opt-out clause with boxing promoter Top Rank before the De La Hoya fight.    He paid $750,000 to get out of his contract, but possibly his best investment.

Mayweather set up his promotion company, Mayweather Promotions in 2007.  This allowed Floyd to capture revenue as both fighter and promoter.  He continued to win and earned a steady $25 million – $40 million paychecks over the next six years.  In 2013, Mayweather banked more than $70 million for his bout versus Canelo Alvarez.

In 2015, Floyd Mayweather and Manny Pacquiao finally agreed to fight. Although the the fight did not live to the fans expectations both boxers earned record paydays from huge PPV payouts.  ESPN estimated that Mayweather earned between $220 Million to $230 Million in the 36 minute fight.

Four months after beating Pacquiao, Mayweather defeated Berto to run his record to 49-0 with slightly more than $700 million in career boxing earnings.

Mayweather vs Connor McGregor

In terms of absolute dollars, the Mayweather vs McGregor combat sport extravaganza was the real deal. From the day he announced the fight, money began trickling in.

Sunday, August 27th was the day the world stopped to watch the two best men take each other head to head. To others it was between UFC and MMA, which one is the king. If you come to think of it , it was not so fair considering it was McGregor coming out of his comfort zone to box.

McGregor came out aggressive, throwing tons of punches in the first three rounds. Things however took an abrupt turn in the sixth round with the Mayweather landing superb punches on the UFC champion.

In the 10th round McGregor was tired, feet wobbly and down he went, KO. This is where the sheer though of McGregor knocking out the boxing veteran Mayweather felt borderline absurd.

By the time he was done with the UFC star, the man we call Money hac so much money that it was lining his pocket.  Don’t get mistaken, McGregor, despite losing had one of his best pay days too with his pot for the night exceeding US$100 million.

Mayweather_vs_Mcgregor_Win

  • PPV( Pay –per-View) sales for Mayweather-Pacquiao: $455 million
    PPV sales for Mayweather-McGregor: $600 million
  • Sponsorship sales for Mayweather-Pacquiao: $18.4 million
    Sponsorship sales for Mayweather-McGregor: $22 million
  • Merchandise sales for Mayweather-Pacquiao: $1 million
    Merchandise sales for Mayweather-McGregor: $2 million
  • Estimated Nevada betting on Mayweather-Pacquiao: $70 million
    Nevada betting on Mayweather-McGregor: $30 million
  • Total for Mayweather-Pacquiao: $623.5 million
    Total for Mayweather-McGregor: $654 million

This huge payday pushed Mayweather Jr. beyond the ten figure rich status in terms of earnings.  This easily makes him the richest boxer in history.

Mayweather vs McGregor Rematch

So, after winning in his turf Mayweather is being dared to step in the cage with McGregor. What has started as speculation is gathering steam on social media and fans are tongues out for such a juicy fight.  However after much talk, it’s likely that a rematch will not take place.

Mayweather’s Prized Possessions

So what does a Forbes highest paid boxer do with his money?  Floyd Mayweather likes to spend and spend often. He spends countless millions on homes, cars, planes, jewelry and everything you can imagine.  His typical method of payment is cold hard cash. Here’s a closer look as he spends his millions.

Mayweather_Money

 

Floyd Mayweather’s Homes

The boxer’s main home is a 22,000-square-foot mansion in Las Vegas.  It’s so big it has its own Instagram and Twitter accounts.  The home includes seven bedrooms, nine bathrooms, and such features as: 12 person shower, two movie screen theaters, and a garage filled with cars valued at $15 Million dollars.

floyd-mayweather-net-worth

After his high paying fight with McGregor , the undisputed champ bought a $26 million Nile Niami estate in Beverly Hill. The pugilist new home is 15, 096-square –foot  with pool deck , ring –sized living room  , guesthouse and French doors which the welterweight can extricate his ego. Renovated in 2015 , this incredible piece of estate has six bedrooms, 10 bathrooms , huge entertainment rooms , cocktail bars plus all amenities worth a billion dollar fighter.


In 2016, Floyd Mayweather paid $7.7 million in cash for a new mansion in Miami. The home is loaded with floor-to-ceiling windows, has five bedrooms, five baths, a swimming pool and spa.

He also owns high-rise spots at the St. Tropez Condominiums in Sunny Isles, Fla., and the Ritz-Carlton Residences at L.A. Live. And Mayweather can now call the Palms Place in Las Vegas home, having recently paid $1.81 million for a penthouse unit above the strip.

Floyd Mayweather’s Cars and Planes

Flolyd , just like other elites love to drive in comfort and sometimes fast. So when you have all the money at your disposal what do you buy? Hereis his car collections.

Surprisingly, Mayweather buys all his cars in cold hard cash.

The Bentley Musane : worth $290k

La Ferrari: $3m

Recently he was selling some of his prized Buggattis, worth a total of $6.4 Million.

floyd-mayweather-cars

In an interview in 2015 with ESPN, Mayweather stated he has $15 million worth of cars that he never drives just sitting in the garage of his Las Vegas home.

Mayweather_Cars

Towbin Motorcars in Las Vegas has come forward and said that Mayweather probably has purchased over 100 cars over the last 20 years.   That list includes 16 Rolls Royce, numerous Buggattis, Ferraris and more.  And in typical fashion, Floyd likes to pay in cash.

Mayweather also likes planes. He has two multi-million dollar planes, Air Mayweather 1 and 2.

Mayweather_Airplane

Mayweather 2, which was bought a 41st birthday gift to himself , is a 12 passenger Gulfstream III with gold cup holders, gold sink, and gold accents throughout.  It has all white leather seats and a fully stocked kitchen. Similar jets go for $34 million, but he must have spent a couple more millions in personalizing it to his taste.

 

Floyd Mayweather’s Watches and Jewelry

Floyd-Maywether-Net-Worth

Money Mayweather is known to spend lavishly on all kinds of jewelry.  Necklaces, bracelets and a bevy of watches.  These time pieces have ranged from thousands of dollars to millions.

He recently showcased a Hublot worth$1.4 Million.  Mayweather loves to flaunt them and they are most likely to come out during PR opportunities.  He commonly flashes his belongs on social media, so all his fans can admire.

Floyd Mayweather The Businessman

Mayweather Promotions

As Floyd Mayweather began to garner recognition and success,  the boxer created Mayweather Promotions in 2007.   He had a falling out with Bob Arum and Top Rank,  considered one of the heavyweights in boxing promotions.  Floyd became the company’s first client and became his own promoter.  As the head of his own promotion company, Floyd is able to keep all his earnings in house.  Additionally, he has signed over 20+ boxers as their promotions firm.  Mayweather acts as the President, however Leonard Ellerbe is the CEO managing many of the day-to-day operations.

The Money Team (TMT)

In addition Mayweather Promotions, he is also CEO of TheMoneyTeam.  Once a name for his entourage and team, it has evolved into a lavish lifestyle brand.  That brand now sells popular merchandise, including hats, shirts and other apparel.

Investments

Mayweather owns a boxing gym called the “Mayweather Boxing Club” located in the Las Vegas, Nevada.   He also owns an “upscale” gentleman’s club which opened in May 2017. The Las Vegas club features exotic dancers from all over the world.

Floyd Mayweather Jr is pretty much guaranteed a life of wealth and extravagance for the rest of his days, (provided he’s wise with his earnings).

There are links to him owning an English soccer club.

Mayweather is a huge football fan. In March 2018, the self-styled mogul was speculated to be interested in launching a takeover bid for the Magpies. However, he later stated in an interview that he love Newcastle, the city, since they know how to party .  “I love Newcastle. Those guys like to party as hard as any city I have been to anywhere in the world. I met some of the players last year and they are good guys. I am always open to new business opportunities and I love all sport, but I invest with my head not my heart.”

He however stated that he and Cristiano Rinaldo are huge buddies and he might convince him to finish his football career with Manchester United.

Other businesses

Floyd “Crypto” Mayweather has interest in cryptocurrency and ICO spaces. He did invest in ICO, Hubii Network and Centra which later collapsed after a class action lawsuit.

The Money man is also a big investor in entertainment owning several strip clubs in Vegas including Girls Collection

So after retirement, will Mayweather move from the spotlight? Definitely no. His promotion in boxing , ego and showcasing his tons of money will keep his social media busy.

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