The Smart Ass - Floyd Mayweather Jr is Now the King of Wall Street
The Hard Punch by Johnny Benz, Doghouse Boxing (Aug 1, 2008)
Retirement seems to be working well for Floyd Mayweather Jr. Mayweather Jr. who amassed fame and fortune in the boxing ring, certainly doesn't need boxing these days. Recently Mayweather Jr. went on record with the Grand Rapids Press discussing some of his recent spending.
Mayweather Jr. made about $100 million in gross purses, but admits he has made much more outside of the ring. In fact Mayweather Jr. is doing so well that he recently acquired some high end purchases. Purchases such as a brand spanking new Jet aircraft worth an astounding $26 million. If ruling the Skies in a brand new jet isn't enough, Mayweather Jr. can also be king of the waves with a brand new Yacht worth $20 million. Mayweather Jr. also recently scored himself a new home in Vegas worth $18.5 million, plus another home in Miami costing $11 million.
Mayweather Jr. doesn't credit his latest bout of spending from his earning he made in the ring, but rather the money he has invested. Mayweather Jr. plans on being a Billionaire by the end of this year, telling the Grand Rapids Press: "I was truly, truly blessed to have good people around me and I was smart during my career. I made great investments. By the end of this year, I should be a billionaire."
Mayweather Jr. added: "I went from the ring to Wall Street, that's all I can tell people."
I for one am happy to see Mayweather Jr. doing so well in retirement. I wish all boxers would be fortunate enough and smart with their winnings from boxing. I hope Mayweather Jr. enjoys all that money has to offer him...but I also hope he remembers he made every penny he has, including what he is making on Wall Street, from the money he got from the pockets of hard working fans who paid a small fortune for his Pay-Per-Views. People who work 40 hours a week and more just to survive. Real f*ckin People. Mayweather Jr. may have all the God given talents that made him an awesome boxer... but all his money came from the fans. The kind of fans who support Boxing and make it impossible for Congress to pass laws banning Boxing. Without those fans, their support, their money....then Mayweather Jr. more than likely would have ended up a penniless Bum on the streets of Detroit. Sure, these days he'd like you to think he is a smart Wall Street Bloke... but come on! Who is Mayweather Jr. kidding?
In the end, Boxing doesn't need Mayweather Jr. Boxing never needed Mayweather Jr. It was Mayweather Jr. who needed Boxing.
You must a poor trailer trash who just have gotten the Internet. Got into Hatton hype then your dreams got crushed by Mayweathwer. After all that heart break your sister got raped,Your mom run away with a black guy and your dad is officially gay. I feel sorry for you, instead of coming to terms with your sorry ass life you hate on a young rich man who could cum on your mom pussy while you dad watches with his gay mate and your sister tapes it while getting cumed on. Life must be bad for you.
I've got this disturbing feeling that you got turned on while typing that.
Dios: as a slight correction, it was in stated their conference call transcript post-Wrestlemania which precedes quarterlies where Linda McMahan was asked if he really made 20 and she said, "No" and moved on. Hype is one thing; can't lie to the stock holders. I read it at 411mania but it's out there. I just don't have the link handy.
Never mind; found one: http://nodq.com/wwe/212093817.shtml
It's good to see someone succeed as well as he has in the sport.
If anything, it should be a valuable lesson to all to:
Work hard at your craft, surround yourself with great and honest people, heed the advice of great mentors, and be smart about your spending habits.
One things for sure, nothing was just handed to him on a silver platter.
He had to earn it all.
Blood -- Sweat --and Tears, Baby! :boxing:
yeah, It Was Because He Was Involved In Lawsuit After Lawsuit For Beating A Couple Women Up.. Then He Spent All His Money On Stuff He Couldn't Afford. He Ended Up Having To Even Give Some Of His Jewelery Back.. Why Do You Think He Was Chasing After Dlh So Hard? He Needed Someone To Bail Him Out Of His Debt.
Here Is A Link To One Of The News Stories:
http://www.usatoday.com/sports/boxing/2005-07-22-mayweather-jewelers_x.htm
Your Comprehension Skills Are Horrible. Lawsuit After Lawsuit. Spent All His Money?? Had To Give Custom Jewelery Back(lmao) Had To Give Custom Jewelery Back.
Jealousy Is A Weak Emotion.
there is a vey small chance that Floyd really made that kinf of money, but it is not impossible. 10x returns (from legal investments) are in the realm of hedge funds bordering on venture capital. Those are extremely risky, the former by design, the latter by nature of the underlying investments. In any case if he doesnt take more conservative positions one day risk will probably catch up with him (hedge funds have a short lifespan for example).
Investments in growing countries have high returns and are not that risky if you have the appropariate connections (ie: local organized crime)
Anyway if I had to bet between TRUE and BULLSHIT, I'd take bullshit.
Venture capital is the only way, Hedge funds don't bring back that kind of investment and you aren't going to find to many spots allowing you to throw in 50 million that much at once could seriously rock the boat. Even so being in venture capital and making 900 million is ridiculous, especially since we know he was have a hard financial time in 05. I wouldn't be so against this concept except he made the majority of his money in the last couple years when the economy had peaked.
Grain of salt...He also talked up his $20 mill purse for Wrestlemania which was complete BS as admitted in WWE's quarterly financials. Regardless, rich is rich.
Well if he made 100 million in purses and even lets say 200 million in investments which I call horse shit, he still spent a quarter of that already. 75.5 million off 300 million. He is going to be broke in no time, because someone is lying to him about his investments. Plus some of those purses were made before, he probably has made in the last few years 80-90 million. Taxes on that shit alone would be outstanding especially since taxes are yearly. I say we see him in the ring mid next year at this rate.
Grain of salt...He also talked up his $20 mill purse for Wrestlemania which was complete BS as admitted in WWE's quarterly financials. Regardless, rich is rich.
The Smart Ass - Floyd Mayweather Jr is Now the King of Wall Street
The Hard Punch by Johnny Benz, Doghouse Boxing (Aug 1, 2008)
Retirement seems to be working well for Floyd Mayweather Jr. Mayweather Jr. who amassed fame and fortune in the boxing ring, certainly doesn't need boxing these days. Recently Mayweather Jr. went on record with the Grand Rapids Press discussing some of his recent spending.
Mayweather Jr. made about $100 million in gross purses, but admits he has made much more outside of the ring. In fact Mayweather Jr. is doing so well that he recently acquired some high end purchases. Purchases such as a brand spanking new Jet aircraft worth an astounding $26 million. If ruling the Skies in a brand new jet isn't enough, Mayweather Jr. can also be king of the waves with a brand new Yacht worth $20 million. Mayweather Jr. also recently scored himself a new home in Vegas worth $18.5 million, plus another home in Miami costing $11 million.
Mayweather Jr. doesn't credit his latest bout of spending from his earning he made in the ring, but rather the money he has invested. Mayweather Jr. plans on being a Billionaire by the end of this year, telling the Grand Rapids Press: "I was truly, truly blessed to have good people around me and I was smart during my career. I made great investments. By the end of this year, I should be a billionaire."
Mayweather Jr. added: "I went from the ring to Wall Street, that's all I can tell people."
I for one am happy to see Mayweather Jr. doing so well in retirement. I wish all boxers would be fortunate enough and smart with their winnings from boxing. I hope Mayweather Jr. enjoys all that money has to offer him...but I also hope he remembers he made every penny he has, including what he is making on Wall Street, from the money he got from the pockets of hard working fans who paid a small fortune for his Pay-Per-Views. People who work 40 hours a week and more just to survive. Real f*ckin People. Mayweather Jr. may have all the God given talents that made him an awesome boxer... but all his money came from the fans. The kind of fans who support Boxing and make it impossible for Congress to pass laws banning Boxing. Without those fans, their support, their money....then Mayweather Jr. more than likely would have ended up a penniless Bum on the streets of Detroit. Sure, these days he'd like you to think he is a smart Wall Street Bloke... but come on! Who is Mayweather Jr. kidding?
In the end, Boxing doesn't need Mayweather Jr. Boxing never needed Mayweather Jr. It was Mayweather Jr. who needed Boxing.
Who is Mayweather?
there is a vey small chance that Floyd really made that kinf of money, but it is not impossible. 10x returns (from legal investments) are in the realm of hedge funds bordering on venture capital. Those are extremely risky, the former by design, the latter by nature of the underlying investments. In any case if he doesnt take more conservative positions one day risk will probably catch up with him (hedge funds have a short lifespan for example).
Investments in growing countries have high returns and are not that risky if you have the appropariate connections (ie: local organized crime)
Anyway if I had to bet between TRUE and BULLSHIT, I'd take bullshit.
Yeah, it was because he was involved in lawsuit after lawsuit for beating a couple women up.. then he spent all his money on stuff he couldn't afford. He ended up having to even give some of his jewelery back.. why do you think he was chasing after DLH so hard? He needed someone to bail him out of his debt.
Here is a link to one of the news stories:
http://www.usatoday.com/sports/boxing/2005-07-22-mayweather-jewelers_x.htm
He fought his ass to become p4p and he wanted Oscar badly that he even fought his fight and wore Reyes gloves instead of his usual Winning.
He was 2nd highest paid athlete last year.
Oscar Fight ~ 25 without PPV
Hatton Fight ~ 20 with PPV i think
WWE 20 mil
Dancing with the Star
Don't believe everything you read. They say Tysons broke yet everytime I see that niqqa he got a different suit. You act like the media is gospel.
Could be present
anyway there is a bankruptcy rule ask MC Hammer about it
He was broke at 2005?
Kinda weird because he was still making good money out of those fight he fought.
He fought Gatti in 2005 that could be his first big fat pay day he earned in 2005.
Anyway if he was broke probably he invested all his money at once and was crossing his finger for his business to succeed. Kinda of a real risk taker.
Could be the it abit exaggerated abit you know how some guys like to brag.
Yeah, it was because he was involved in lawsuit after lawsuit for beating a couple women up.. then he spent all his money on stuff he couldn't afford. He ended up having to even give some of his jewelery back.. why do you think he was chasing after DLH so hard? He needed someone to bail him out of his debt.
Here is a link to one of the news stories:
http://www.usatoday.com/sports/boxing/2005-07-22-mayweather-jewelers_x.htm
LOL, Tiger Woods craps on all athletes.......he the real Life Style Flashy
and the funny thing is that Tiger is no real "athlete" for every true sense of the word. haha good for both of them though! i may think floyd is a coward and was a pussy for not ever wanting to fight but still i can respect his skills and all the money he has made. anyone who is able to make that much money its because they deserved it!
Well he is a liar, comparing millions to billions is retarded. 1 billion is 1000 times 1 million. Yeah he probably isn't short on funds, but again I find it hard to believe he even made 500 million, I bet he made maybe 100 million more, which is a lot of bank roll, but at his pace easily spendable.
Hopefully he's found lucrative investments that keeps recycling and building upon his fortune. I'm just happy that he benefited fom a sport that often leaves fighters DEAD BROKE. And all the so called "FANS" turn it into a platform for rhetoric and senseless jokes.