Floyd Mayweather born Floyd Joy Mayweather Jr. is professionally an American boxing promoter and ex-professional boxer. Currently, he also has possession of a team titled The Money Team Racing in the NASCAR Cup Series.
What Is the Net Worth of Floyd Mayweather?
According to Celebrity Net Worth, Floyd Mayweather’s net worth is $450 million making him the wealthiest boxer in the history of boxing.
At the time of writing this piece, his aggregate earnings over the course of his career were $1.1 billion which makes him the fifth highest-paid athlete in history and one of those six athletes who touched earnings of $1.1 billion throughout their career.
The impressive part is that over half of the wealth that he earned was just from two fights. In 2015, in about with Manny Pacquiao, he earned $250 million, and in 2017 when he faced Conor McGregor, he earned $300 million.
Early Life
Born on February 24, 1977, in Grand Rapids, Michigan, in a family of boxers. Floyd Mayweather Sr. was his father who is an ex-welterweight competitor. He was born with his mother’s surname but soon after his last name was altered to Mayweather.
Before dropping out, Mayweather attended Ottawa Hills High School. Since his childhood, boxing has been a part of his life and hence he just never had a thought of pursuing a career in any other thing.
He stated “I think my grandmother saw my potential first,” adding “When I was young, I told her, ‘I think I should get a job.’ She said, ‘No, just keep boxing.'”
In a statement, he also said “When I was about eight or nine, I lived in New Jersey with my mother and we were seven deep in one bedroom and sometimes we didn’t have electricity. When people see what I have now, they have no idea of where I came from and how I didn’t have anything growing up.”
Returning from school and finding used heroin needles was quite usual for him as his mom was a drug addict. His childhood wasn’t easy for him at all. He said, “People don’t know the hell I’ve been through.”
In fact, the time that he spent with his dad was either taking him to the gym to train him for boxing. He said “I don’t remember him ever taking me anywhere or doing anything that a father would do with a son, going to the park or to the movies or to get ice cream,” adding “I always thought that he liked his daughter better than he liked me because she never got whippings and I got whippings all the time.”
Personal Life
Mayweather stays in Las Vegas, Nevada where he has his custom-built massive mansion of 22,000-square-foot that consists of 5 bedrooms and seven bathrooms.
He also recorded a song named “Yep” in 2008 that was used by him when he entered WrestleMania XXIV in his match against Big Show. In Las Vegas, he also has his own boxing gymnasium, the “Mayweather Boxing Club” located in the Chinatown Plaza.
He was also accused of domestic violence which dragged him into court several times.
He was sentenced to 6 months of suspended imprisonment and two days of arrest in 2002. Along with that, he was also required to do community service for 48 hours.
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He has been in and out of prison several times in the years 2004, 2005, 2010, and 2011. In Fact, he was also ordered to go for counseling for impulse control.
Career
Mayweather had an amateur record of 84 wins against just 8 losses. He is also the winner of three national Golden Gloves championships: in 1993 at 106 lb, the following year at 114 lb, and 1996 at 125 lb. His amateur fellow mates gave him the nickname of “pretty boy.”
He was a recipient of a bronze medal at the 1996 Olympics in Atlanta after he reached the semi-finals of the featherweight division.
On March 13, 2009, he was expected to fight with the strongest competitor of his career, Manny Pacquiao and that was possibly the most awaited bout in the past ten years. During that time, pay-per-view (PPV) revenues were anticipated to surpass $180 million.
Among that $180 million, Mayweather was supposed to be given an amount of $25 million upfront and in addition to that, an amount of $20-25 million on the backend as well.
But sadly, Mayweather and Pacquiao couldn’t come to an agreement and as a result, the bout sparkled for several years. On April 1, 2010, Mayweather continued to defeat “Sugar” Shane Mosley and defeated Victor Ortiz the following year. Mayweather won the fight against Miguel Cotto on May 5, 2012.
On May 4, 2013, Mayweather made a reported earning of $50 million for defeating Robert Guerrero.
On September 14 of the same year, he made reported earnings of $75 million when he faced Saul Alvarez, setting a record for the highest purse in the history of boxing. And that record was easily broken on May 2, 2015, when he ultimately faced Manny Pacquaio.
Finally, the much-awaited face-off was held on May 2, 2015, in Las Vegas “Mayweather versus Pacquiao”. The fight was anticipated to be the highest revenue-generating bout in the history of boxing.
Mayweather and Manny had decided to divide all the gains in a ratio of 60-40. With this single fight, Mayweather made earnings of $250 million whereas Pacquiao made earnings of $150 million.
Mayweather faced Conor McGregor on August 26, 2017, and that was the highest-grossing Pay Per View (PPV) boxing fight in history. The fight had generated a minimum of 5 million PPV purchases.
The fight had an aggregate revenue of nearly $700 million overall sources and Mayweather earned $300 million before taxes with this single fight.
Being a resident of Nevada, he didn’t make payment of any state income taxes over those incomes. But he made the payment of nearly 40 percent of his income to the Internal Revenue System (IRS).
Actually, he made the payment of 40 percent of his earnings and in addition to that, he paid $22 million in back taxes that he was liable to pay in relation to his 2015 earnings.
After all this, his after-tax earnings were $160 million and when it is included in his earlier net worth, Mayweather finished the McGregor bout with a massive net worth of $560 million.
Last year in June, in an exhibition match, Mayweather faced YouTuber Logan Paul. He earned $10 million and in addition to that, he was also guaranteed 50 percent of the Pay Per View profits.
And nearly 1 million people bought the PPV and the revenue of $50 million was generated. Hence, he made an aggregate earning of $35 million.
We will keep you updated with all the latest information until then stay tuned to our website.