Originally Posted by the vacationer
-the IRS announced that Floyd owed $6.1 million in back taxes.
-Soon after he was sued by a Florida real estate developer who claimed Mayweather backed out of the purchase of an $8.5 million house, he allegedly owed the first installment of $1.7 million.
-Just a few months later $7.1 million worth of Jewelry was stolen from his home. As recently as September 2009 Floyd was sued by JP Morgan for failing to make payment on a $528,000 Mercedes Maybach 57S. Mayweather borrowed $415,000 at an annual interest rate of 16% in order to pay for the car, he reportedly has not made the $9000 monthly payment in over a year.
-Floyd "Money" Mayweather Jr.'s promotional company has been evicted from its Las Vegas office. Mayweather Promotions LLC has accrued almost $63,000 in unpaid rent.
some people must be either obsessed, stipid or both.... Floyd made $60 million off the Mosley fight alone... that year he was number 2 in earnings according to Forbes rich list only Tiger Woods made more as a sportmen...
You dont lose $60 million with a few cars and making it rain... the reason why rich people still borrow is because the rate of interest they accumulate on their money far exceeds the what they'd have to pay for the item...
if they bought it outright then they'd be eating into their funds... so by borrowing their funds stay the same and the interest accumlated on their savings pay it off each month
stop hating - start learning