How ‘broke’ Floyd Mayweather won and lost $1bn career earnings from lavish parties to his love of luxury jewellery – The Sun

How ‘broke’ Floyd Mayweather won and lost $1bn career earnings from lavish parties to his love of luxury jewellery – The Sun

June 6, 2022

FLOYD MAYWEATHER is part of an elite list of sportsmen to have earned a billion dollars during their career – along with NBA legend Michael Jordan and golf idol Tiger Woods.

Yet in 2020 he was still been forced to deny 'crazy' accusations he has somehow blown his extraordinary wealth.

Former UFC title challenger Chael Sonnen once claimed Mayweather was 'broke' and was forced into taking another fight for a desperately needed payday.

In 2018, Sonnen said: “I will tell you unequivocally, right now, Floyd Mayweather does, and is planning, to box one more time.

“Floyd’s broke. You’ve got to understand, the only thing more embellished than Floyd Mayweather’s pay-per-view numbers is Floyd Mayweather’s net worth, and he made a lot of money…

"But remember this: It does not matter what you made, it matters what you kept, and he is a dumb-dumb."

Despite officially retiring in 2017 after beating UFC star Conor McGregor in a money-spinning crossover bout which is said to have earned the American £300m, Mayweather resorted to charging fans £1,200 for online meet-and-greets.



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He also went on a UK tour before the coronavirus pandemic, with former friend and now rival 50 Cent claiming the boxer's 'money's gone' and will 'be at your local nightclub because he needs that action right now'.

But how could Mayweather possibly have frittered away his entire fortune?

He still regularly posts videos on his social media flaunting his impressive jewellery collection, chains and stacks of cash.

Mayweather himself has confessed for having a passion for watches, and  showed off his 41-piece collection with a £14m ‘Billionaire watch' by Jacob & Co the most expensive of the lot.

As a Las Vegas resident he is also an avid gambler, and according to Terezowens, Mayweather won nearly £2.3m betting on college football in 2012.

But the gamble doesn't always pay off.

According to diaspora7 sources in 2018, the five-weight champion was in nearly £40m debt from betting, and wanted to rematch Manny Pacquiao to pay it off.

In 2009, he was forced to pay £4.5m back in taxes and in 2018 settled for £600,000 with the Securities and Exchange Commission for failing to disclose payments.

Before fighting McGregor, Mayweather owed the IRS £17.8m, and sued them so that he could pay the debt after his lucrative bout with the Irishman.

During the pre-fight build up, Notorious voiced his concern at Mayweather's apparent gambling issue.

McGregor said: “He needs to let that gambling go – he’s a bit heavy on that gambling. He’s always talking about doing it and then not doing it.

"I certainly know he has a big-time gambling problem, from seeing him. He gambles on half-times and things like that.

"He shows what his wins are, never shows what the losses are. Maybe that’s why he’s in the position he’s in and he had to take this fight. I’m focused on the fight, not gambling.”

And in 2018, 50 Cent said: “He gets in an uncomfortable space when he spends the money.

“He going try to spend it all… the money, the gambling and the girls get him every time.”

Mayweather has a whole garage of luxury vehicles including FIVE Rolls-Royces worth over a staggering £2m.

That is on top of his Vegas home worth £8m, a Miami property costing £6.2m and Beverly Hills mansion which he spent £19m on.

Throughout his career the boxing legend would also fly on his own private jet, which he now uses in retirement as he travels the world.

Mayweather not only enjoys attending lavish parties, but hosting them, as he splashed the cash on his 43rd birthday bash in LA with a host of celebrities attending the event

Despite the overwhelming amount of spending, Mayweather is said to have earned at least £500m alone for his fights against McGregor, Pacquiao and Saul 'Canelo' Alvarez.

And he made a handsome sum from exhibitions against Logan Paul and Tenshin Nasukawa.

Before facing McGregor, Mayweather showed off the guaranteed $100m cheque he was given by the Nevada State Athletic Commission, which he claimed was uncashed.

And McGregor swiftly replied: "That's for the taxman."

Mayweather – who continues to promote fighters – still shows off his endless stacks of cash and jewellery online, and insisted during his time in Britain that he is NOT running out of money any time soon.

He said: “It’s crazy. You guys hear things about ‘Floyd needs money'.

"I don’t need (anything) but I don’t mind making some more money."

Mayweather reportedly has his next fight announcement "coming up soon" after training footage taken days before his comeback was released.

The boxing legend returned to the ring in an Abu Dhabi exhibition bout against his former sparring partner Don Moore in May.

And he looks set again to fight in 2022.

He said: "I will bring another fight back to the UAE this year."

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