If Mayweather has an estimated net worth of $ 90 Million, how come..

[Rip Chudd]

***** crying? LOL

Nah, not a Floyd fan. Just tired of idiotic posters like yourself crying. Carry on with your nut hugging.

[fightfan2007]

-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.


http://www.celebritynetworth.com/ric...ther-net-worth

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

[junior gong]

all ******s are funny

That makes you ****in hysterical then!

[skillswin]

Because he gives off the Illusion of being rich, its like a rapper you never heard of releasing a song about how rich he is, when infact everything is rented/leased by the Company to make it look like he has those things.

And those Jewels werent stolen, its called Insurance Fraud, sold the jewels and claimed a theft.

Why do you think he is fighting? Because he loves boxing?

no because he is broke, as soon as he signed the fight the first place you saw him was the casino.

He has huge child support payments (cuz he beat his baby mamma and paid her off) and he pays for his entourage of leeches.

Those who have real money/power never front or show it.

[Weebler I]

He's a gambler, money doesn't stay with gamblers.

[edgarg]

-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.


http://www.celebritynetworth.com/ric...ther-net-worth

Wouldn't I just love to receive a 16% guaranteed fully secured interest payment. I am struggling to maintain an 8% average with my investments, and in today's financial climate it is really hard. So to hear of these thugs burning $100 bills, and buying 7-10 million dollar mansions when they were probably brought up in the back rooms of a shack somewhere means that instead of their earlier life teaching them the value of money, so that they can derive great pleasure from dispensing loans and gifts to the genuine poor, they just squander their cash away. Although the American way is that you charge as much as the market will bear, they really don't deserve their wonderful good fortune.

In the old days there were so many stories, films too, all well documented too, about Arab sheiks, when they so suddenly became wealthy used to have cartons full of bills under their divans, which, when they went to look at them, they were mostly rotted away to uselessness. There are those still alive who recall the days when the Emir Abdullah, of Trans-Jordan, a British Protectorate, got his yearly payoff from Britain, it was paid in camel loads of gold coins only. He had no oil discoveries in TransJordan. I've seen movie pictures of these very same camel trips, on the old Movietone News reports.

I was recently reading a story of a well known wrestler (was it Rick Savage, I'm not sure) who buried over $500,000 in bills in a can in his garden earned during his wrestling days, and when at age 60, he dug it up, it was all rotted away, useless.

I now remember this was in the context of a story about Rocky Marciano, who was money crazy, and didn't trust banks, but buried a reputed $4 million in his property somewhere. Having been killed unexpectedly aged about only 44-45, it was never found, and there are still periodic "expeditions" trying to find it. The story was about whether his reputed connections with the Mafia were true of false, and exposed that the Cessna plane in which he crashed, was owned and piloted by his friend the son of a big Mafia Don whose name was I think (not sure) Fallone, or something like that. He had cashed in his regular flight ticket because he could get the free ride. That's how it all happened.

Off the track of the topic I suppose, but some might find it interesting. I did, so I'm sharing it.

[BlackGuy]

mayweather will be broke before he turns 40. it's in his blood. many black athletes cant handle money. tyson, holyfield, etc.. they are all broke.

[WladIsTheChamp]

"no money" is on the verge of bankruptcy, that's why he is back in the ring

When he is no longer able to physically fight, he will become broke, not like if you or me went broke but he will not have the mansions or the cars, he'll just live off his past fame, a slightly upper-middle class life style. He'll never be completly broke in the age of reality tv.

Wouldn't be the first professional athlete to go broke either; Holyfield, Tyson, Douglas, Bowe, Toney, Briggs.... **** it, almost every boxer goes broke and more than half all pro athletes in the NFL, NBA, and MLB file for bankruptcy (there was an SI article about it, google that junks, very interesting). Color doesn't really play a factor, it's the socio-economic level and education level prior to becoming rich is what plays the biggest factor. No Money is not very educated and has very bad role models in his life (crackhead dad and uncle just to start) so he never learned and will never learn how to manage money. He will be broke.