Floyd Mayweather Jr. [b. February 24, 1977] needs no introduction. Like his father, Floyd Mayweather Sr., boxing is in the blood. His impeccable record of no losses can put anyone in awe, especially when he has defeated the world’s greatest, with the likes of Manny Pacquiao, Conor McGregor, Saul Alvarez, and Oscar De La Hoya, all bowing out to this new boxing legend.
As impressive as his 50-0 record (27 knockouts) is, the amount that came off each fight is even more spectacular. Career earning is not the same as the net worth, but he became one of only three professional athletes to earn a billion dollars after he won the Conor McGregor fight in 2017. He’s earned at least $20 million per fight from pay-per-view (PPV) income since his 2007 fight against Oscar De La Hoya. That streak came to an end with just $9 million from his fight in Japan against Tenshin Nasukawa in.
It was an easy victory for Floyd Mayweather in Japan as well.
Source: Etsuo Hara, Getty Images
The 43-year-old may be done with his boxing career (announcing just before his biggest-earning fight with McGregor), but he can still pack a punch at his opponents should there ever come a need to. And he’s got his massive fortune from his career to spend, which he is happily enjoying at the moment.
Floyd Mayweather’s Net Worth is $565 Million but Earned over $1 Billion in All His Boxing Years
The fight against Conor McGregor on August 27, 2017, was the one moment every net worth calculators were on their game-face as well. The PPV revenue went over $600 million and Mayweather got his cut of $300 million from that single fight. That guaranteed he was one of the only three athletes to have earned a billion dollars in their career. After the IRS and back tax deductions, his net worth as of 2019 is estimated to be around $565 million.
Career Beginnings — 17 Straight Wins Lead to the First Title
Mayweather began boxing training as a kid, as you’d imagine it to be growing up with a passionate boxer of a father. As expected, he was just as good as his father. Many argue, even more so. He began his professional career after the 1996 Summer Olympics, knocking out Roberto Apodaca on October 11, 1996. He was trained by his uncle Roger Mayweather and then later by his father himself. He joined Hall of Fame promoter Bob Arum under his Pretty Boy moniker for a decade. The promotion company was named Top Rank.
Floyd Mayweather Sr. was in jail when Jr.’s uncle trained him.
Source: Isaac Brekken, The Associated Press
He has six boxing championship titles in five different weight classes. He won his first one in 1998 with his 18th win over Genaro Hernandez by a Technical KnockOut (TKO). He earned $150,000 and already had 17 straight wins prior to the title. After that and until 2005, another 15 fight wins, which included Diego Corrales and José Luis Castillo, earned him a total of $2 million. Then began his PPV revenue story, each of which earned him millions.
Making it on His Own — Paid $750,000 to Terminate His Professional Relationship with ‘Top Rank’
In 2005, his first PPV bout came calling. In the events leading up to the fight, the PPV sales reached 365,000, which means after he won the Floyd Mayweather vs. Arturo Gatti fight, he bagged $3.2 million. Another 374,000 PPV buy rate for his second bout against Zab Judah got him at least $5 million. Controversies during the fight led Judah to be fined $350,000 and license revoked for a year.
His first pay-per-view was not easy pickings either.
The guy knew his potential to make it on his own. Of course, it would often be a case of failures for people in the athletics world. But not him. With his opt-out clause, he casually terminated the Top Rank contract with a cheque of $750,000 for them in 2006. Call him overly ambitious, but that skyrocketed his career earnings and his net worth. One $8 million income in the fight against Carlos Baldomir in 2006, and it followed a 13 straight $25 million or more earnings into his pocket.
|Fight||Date||Pay-per-view Buys||Floyd Mayweather’s Purse|
|Floyd Mayweather Jr. vs. Arturo Gatti||June 25, 2005||340,000||$3.2 million|
|Floyd Mayweather Jr. vs. Zab Judah||April 8, 2006||374,000||$5 million|
|Floyd Mayweather Jr. vs. Carlos Baldomir||November 4, 2006,||325,000||$8 million|
|Floyd Mayweather Jr. vs. Oscar De La Hoya||May 5, 2007||2.4 million||$25 million|
|Floyd Mayweather Jr. vs. Ricky Hatton||December 8, 2007||920,000||$25 million|
|Floyd Mayweather Jr. vs. Juan Manuel Márquez||September 19, 2009||1 million +||$25 million|
|Floyd Mayweather Jr. vs. Sugar Shane Mosley||May 14, 2010||1.4 million||$30 million|
|Floyd Mayweather Jr. vs. Victor Ortiz||September 17, 2011||1.25 million||$40 million|
|Floyd Mayweather Jr. vs. Miguel Cotto||May 5, 2012||1.5 milion||$40 million|
|Floyd Mayweather Jr. vs. Robert Guerrero||May 4, 2013||1 million||$50 million|
|Floyd Mayweather Jr. vs. Saul “Canelo” Alvarez||September 14, 2013||2.2 million||$75 million|
|Floyd Mayweather Jr. vs. Marcos Maidana||May 2, 2014||900,000||$40 million|
|Floyd Mayweather Jr. vs. Marcos Maidana Rematch||September 13, 2014||925,000||$32 million|
|Floyd Mayweather Jr. vs. Manny Pacquiao||May 2nd, 2015||4.6 million||$250 million|
|Floyd Mayweather Jr. vs. Andre Berto||September 12, 2015||400,000 – 550,000||$35 million|
|Floyd Mayweather Jr. vs. Conor McGregor||August 27, 2017||4.3 million||$300 million|
|Floyd Mayweather Jr. vs. Tenshin Nasukawa||December 31, 2018||NA||$9 million|
*Note: PPV and fighter’s earnings depended on the price per PPV
Pretty Boy transformed into Money Mayweather after he started his own promotion company, Mayweather Promotions, in 2006. The middleman was out and all the money flowed through him. He made records after records in each fight (on occasions even of the opposite kind). In 2013, he signed a six-fight deal with Showtime (instead of the long-trusted HBO) to broadcast his fights.
Watch: The Fight – Floyd Mayweather vs. Conor McGregor (Viewer Discretion Advised)
The Floyd Mayweather Jr. vs. Manny Pacquiao fight was set to occur on March 13, 2009, but the pair couldn’t reach an agreement and only occurred in 2015. With a 60-40 split, he took home $250 million. He took his career highest $300 million from the Floyd Mayweather Jr. vs. Conor McGregor fight, earning him the billionaire status in earnings and one of the top three highest-paid athletes in the world.
The Nevada resident didn’t need to pay state income taxes, but he did may ~40% of his earnings + $22 million back taxes to the IRS.
Apart From Fighting — Small Endorsements and WWE Appearance but Money Machines
In 2008, Mayweather appeared in the World Wrestling Tournament‘s WrestleMania 24 in Orlando, which alone got him $20 million, a fair price during that time. Remember the fight against the Big Show? He hit him on the head with a chair and had his boxing gloves on. He even appeared in Dancing with the Stars on Season 5 where he danced with Karina Smirnoff.
Watch: That WrestleMania Event Against the Big Show
Floyd Mayweather is not too big on endorsements. But he does have a yearly income of $10 million which has earned him over $25 million these years. His asking/baseline price of $1 million is not too high for many deals. He signed a deal with Reebok in 2009 which was not renewed in 2010 (due to a reported case of him buying Nike items).
For the fight against Manny Pacquiao, Burger King, daily fantasy sports site FanDuel and Swiss watchmaker Hublot risked the $1 million paychecks, and they did get their money’s worth. HBO and Showtime also reportedly made over $400 million in revenue from the fight.
The Passion for Lavish Spending – Properties and Gambling
People, including him, argue his net worth status to be that of a billionaire, but aside from his income tax, his expenditures make it a less plausible claim to make. His home, car collection and a not-so-shocking gambling habit will make you think twice.
Money Mayweather bought his 6-bedroom, 10-bathroom, 22,000 sq ft mansion in 2017 for $25 million in Beverly Hills. >>Take a tour.<< That’s not the only property he owns. He has many East Coast homes, smaller properties in Sunny Isles Beach, Florida, and luxury properties in Las Vegas, Nevada. He had a $2.6 million condo in Miami but replaced it with a $7.7 million property in 2018.
The Wine Cellar can accommodate 225 bottles and is covered by a glass obstruction in front of it.
Source: Floyd Mayweather, Instagram
Speaking of Las Vegas, he is an expensive gambler. He is known for making six-figure bets on a variety of sports events, aside from on the blackjacks table. As an example, he bet $1.1 million on an Oregon college football game. After the fight with Pacquiao, he claimed he looted $830,000 by gambling in one night. He also paid some fans $1000 just to troll 50 Cent on social media.
The lifestyle is pretty extravagant, all right. He owns numerous watches costing seven-digits prices. He even showed off the $18 million watch, called The Billionaire, last year on Instagram. He has a private jet, a $60 million Gulfstream G650, which he likes to call Air Mayweather. He goes to the Caribbean for the holidays with that thing. He also has a 24-hour on-call chef.
Koenigsegg was his biggest car purchase ever.
Source: Getty Images
No celebrity millionaire’s club is complete without luxury cars, and Mayweather has like 100 of them. Most of them just sit in the garage, but the value is too expensive to take it around the neighborhood. 18 years until 2015, Josh Towbin of Towbin Motorcars sold him the 100+ cars that are worth a total of $15 million. The highest-priced car is the Koenigsegg CCXR Trevita that he bought for $4.8 million in 2015, and it is one of only three in the world. His Bugatti Chiron is worth $3.5 million. He’s got more Bugattis, Ferraris, a Lamborghini, a McLaren, a Pagani Huayra, an Aston Martin One-77 (one of the only 77 such cars), a Kode57 and much more.
Sad news — the Trevita was sold for just $2.6 million for the highest bidder in an auction in Monterey, California, in November 2017.
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