How long until Mayweather is bankrupt?

Mayweathers broke is on a different level then the avg persons broke For instance I bet the thread starter is avg person broke and worth less then a $1000 since he likes to pocket watch and speculate on other people finances Mayweathers broke is probably 7-8 figures , Most people would kill their own mother to be his kind of broke plus his name still and will always hold weight so he can use it like Tyson did when he was so called broke to generate a couple million probably at any point he chooses whether through appearances or whatever l. There will always be a avenue Floyd to make good $ Mentioned this elsewhere. I love reading about finance. It fascinates me. I like reading about how people made their money. I like reading about Warren Buffet, Carlos Slim, Mark Cuban, etc. I also like reading about the blunders. They're just as fun to read about. The Hammer's, Holyfield's, Tyson's that lost it all. In general, I like reading about stocks/bonds, real estate and other business aspects unrelated to aforementioned. It's what I studied in school so I gravitate towards it. It's nothing personal against Floyd (although I do think he's lame and doesn't have a personality). I just think he's heading in that direction and it's interesting to watch. If Oscar or Lebron James was heading in that direction I would immediately start to do some research on them. They're financially responsible though so won't be anything there.

Mayweathers broke is on a different level then the avg persons broke For instance I bet the thread starter is avg person broke and worth less then a $1000 since he likes to pocket watch and speculate on other people finances Mayweathers broke is probably 7-8 figures , Most people would kill their own mother to be his kind of broke plus his name still and will always hold weight so he can use it like Tyson did when he was so called broke to generate a couple million probably at any point he chooses whether through appearances or whatever l. There will always be a avenue Floyd to make good $ Again, your buying into a lot of misinformation. Broke is one of the concepts that people get drilled with...Its habitual right? its normal to be broke and then to have, to spend when you have because hey its all good right? Your buddy says "man im busted broke," you laugh buy him a beer... Nobody ever thinks that to be broke at any time means potentially that you have nothing. Most people have nothing. And if you cannot protect an asset then you do not own it. Because it can be taken away from you in an instant. History in the US of A will show exactly what i am saying to you...why were farms taken away from farmers who could not pay the taxes when the farm was inherited? Because they could not protect the asset from the IRS. So...if your average person (your term) has nothing, what kind of wealth does Floyd have? Well most of his wealth is in cash, which is the weakest asset class. His other asset is himself. He can use himself as a thing to be marketed to a degree, and he can maybe as RED says fight a few more times, no doubt. But there are some forces that cannot be overcome and they exist with money... Inertia works with money, your money can decline, or it can increase, there is no standing still, no such thing as saving. Saving is being taxed by inflation. Your money either works or it does not and if it does not, then it is always a finite resource. For you, for me, for Floyd and everyone it is the same rules. There was an article once about a man with a family in Silicon Valley during a bad recession. He made the point that to live in an income of 300k in the valley was poverty level. Now sure, this man could have gone and lived in paraguey, Just like you, or I could have saved a dollar a day since we were ten and been teeming with cash! (kidding) but people do not do certain things. Floyd will never learn how to consume according to his means, he is just not capable of doing so. We don't spend money for rational reasons, we spend for pleasure. Most of us could practically live with no money of we really tried. So the argument that Floyd could not out consume his money is nonsense. Just look at the many lottery winners who went broke for all the reasons I have stated: The IRS, they won 100 million and wound up with 45 million to start with. I refuse to play the lottery for fun, not because it is impossible to win (it is), but out of principle. You do not win what they say you win. And then? people consume and start to buy things never realizing that the rest of their money will be taxed as regular income, so now they are down to 25 million, and before you know it...its gone because buying luxury items is yet another tax, and maintaining an estate, another expense, and the money is still not generating anything... Actually its almost impossible to hold on to cash money that the IRS know exists, its worse yet in other countries but the same situation. One would have to buy mountains of expensive life insurance among other things.

Mayweathers broke is on a different level then the avg persons broke For instance I bet the thread starter is avg person broke and worth less then a $1000 since he likes to pocket watch and speculate on other people finances Mayweathers broke is probably 7-8 figures , Most people would kill their own mother to be his kind of broke plus his name still and will always hold weight so he can use it like Tyson did when he was so called broke to generate a couple million probably at any point he chooses whether through appearances or whatever l. There will always be a avenue Floyd to make good $

I post a lot on this subject. It is not, I repeat NOT out of any hate for Floyd, or shadenfreud. I find it amazing at how blind people are to the real forces at work when it comes to why we go broke. Let me just give precedent here, because precedent tells us what has been and indicates what might then be. Sugar Ray Robinson at the height of his wealth had a solid block in Harlem, chock a block with businesses, etc. He went broke and people wondered why. Robinson made about 30 million bucks adjusted for inflation, but there are others like Step en fetch who made gobs of money and wound up broke as well. Was it all mismanagement? The first thing to realize is that when some of you say, "all Floyd has to do is put his money in a safe place and let it grow." of course! a bank account right? a CD perhaps? The rate of inflation is a tax that works on people with more dollars and it is a big wealth shrinker. If Floyd literally put his money in a mattress it would lose tremendous value to inflation over the years. There is no such thing as a safe place to keep your money. The real problem with an athlete is that ALL Floyd's income is on paper. So all his cash is taxed... Consider the tax on his bank account safe money along with inflation and one will see that one cannot simply put money in the bank. Finally lets look at the real tax expenses Floyd has to deal with. Luxury items are taxed heavily, his real estate is new, so there is no depreciation, but there are property taxes. Then there are millionare taxes that are paid because of the amount of cash floyd has, and taxes will cut his estate to a third if he tries to pass it down as cash. Taxes make it virtually impossible for someone to hold on to large cash estates. The reason Floyd will go broke is because, like most people ignorant of how the IRS works, Floyd wants to be associated with his money. And when someone claims ownership of their cash guess what? it is taxed like an income. Every time Floyd loses a bet the IRS leaves him alone, but when he wins? he is taxed...And the big chunks of money that he pays at tax time are a way for the Illuminati to take a bunch of income earning potential away from you. If Floyd wanted to hold on to his money he would do what real rich, illuminati do: In the illuminati families nobody owns anything. So when you are a Rockefeller for example, as long as you are with the program, you have access to the family resources. BUT if you are cut off, you literally own the clothes on your back and that is it. That is why whistle blowers from these families often need funds. Rich families put all their assets in trusts that act as a de facto owner for the funds. When they want something they use it in the trust. So, I have a vacation home owned by a trust, I can use the house for anything I want, but it does not belong to me, it belongs to the trust. Real Illuminati rich often drive cheap cars, and seldom generate an income, or buy luxury items because of the cost to maintain them and because of the taxes associated with owning them. Trusts, life insurance contracts, and using businesses to generate (and to launder) money is how the real rich function. A business is a tax write off. But you cannot use a strip club as a tax write off... you cannot ask the IRS to deduct your dancers bodies as they depreciate lol. floyd's promotion club has the same problem, there is no depreciation, no boot (material items) to depreciate and write off. Finally the type of real estate Floyd has is not a write off! For example, When I completed my update of my two units in San Francisco, as far as the IRS is concerned it could cost me millions. Now I might be smart and make my improvements with very little, but the write off of a great amount of income is expected and it allows me to appear as though I have little to no income from the property because of the depreciation. This is a tax shelter, a legal one...Floyd instead has mansions and villas. no depreciation and heavily taxed properties are not an asset they are a liability. So why doesn't Floyd get hip? Well....lets call it the Mike Tyson effect... A twenty year old Mike has a tantrum and the coach turns to you and says, "talk to him." You go towards him, his jaw is clenched, his hands are up, do you say?... "get it together boy or you and I are going to dance!!!" Do you say?.. "mike I love you unconditionally and i need you to sit down and process this episode with me" or do you look at him and say "hey champ, looking good!" run out the room and swagger up to the coach and say "yeah me and Mike we got it straight, didn't even have to put a hurtin on the boy." Point is, who wants to be the financial adviser to tell Floyd "Look you bald headed mutha8uka who spends 12k for a barber, you will be broke in a few years if you do not take all your material possessions, and put them out of your name, stop earning income and start funding businesses with assets, and otherwise locking assets away in structures that limit your claim to ownership." What do you think Floyd would tell you?

I know some members of his family. They claim it’s all an act and he’s actually frugal. I don’t believe that for a second. Mayweather has been traveling the world and hanging out with billionaires. To Floyd, it’s all about one upping people. He’s been around people who have way way more money than he’ll ever have. If he’s trying to one up them he will be broke soon. You and I think about $750 Million and think, man, I’d have everything I want and not work, and I could take care of my family. I’d also have several houses. Floyd thinks about it in terms of wanting a second plane that costs $12 Million a year to own and operate. He wants to show off. And he wants to show off to people that it’s really hard to show off to. So he’s burning through money doing stupid things, like making it rain $100k at the club. Or running up $50K night after night at clubs while buying his entourage new threads every week. He will be broke, I guarantee it. And he will not finish his career undefeated, I guarantee that too. He’s going to keep fighting. You sound ridiculous..... he will be broke I guarantee it ! He will be beaten I guarantee it, LMAO!! I guarantee it you are a hater or a Pac fan? ....... Take your filthy eyes of his money and worry about your own life

It's a serious addiction. Almost got a hold of me 10 years ago. Barely able to control it, but if I had 300 million to burn, I can see how it becomes exponentially more difficult. Shaking an addiction when you have an endless ATM might be impossible for some. Serious addiction is a understatement. The more money you have, the more money you lose. It totally wiped me out. 7 years on I’m not even half way into recouping the money I lost.

pac spend 100 of millions in helping people while floyd spend 100 of millions in gambling, watches, whore etc.

He’ll never go broke, he puts his money in interior investments all across the country and in other countries as well! Floyd still has money that he hasn’t even touched yet that’s probably older than himself! This is called not smart saving but smart investments and not all investments obviously won’t pay off but some will and that’s what counts at the top! I’m sure those things people say he spends on can be considered tax write offs and he can redeem it if he keeps his receipts of it! Face it, Floyd would have to spend over 50 to 70 mill a month to be in jeopardy of being bankrupt and even so he can file for bankruptcy to protect assets amongst other filings! Then there’s his memorabilia and not to mention other filings! There’s reason even retired Floyd is still the cash cow of sports, look at Canelo the so called face of boxing still wanting to fight him!

I don't think he will ever be bankrupt. He spends money like a damn fool and he has a gambling problem. Still he is very smart at making incredible amounts of money. He should follow the 50/50 rule that all sports and movie stars who make huge money should follow. He should take half the money he makes and be crazy with it. Buy boats, airplanes, homes 8 million dollar watches, bet a million on a ball game and so on. Take the other half of his money and put it somewhere completely safe like a bank and never touch it. It he does that he will always be very rich. If he is foolish enough to spend every dollar he makes and keeps living that insane lifestyle he could go bankrupt. I think he is smart enough not to do that.

Two things prevent Mayweather from ever going broke: 1. Keeps his women in check 2. Isn't married

If he does go broke it won’t be the type of broke we all consider broke. Maybe ten years from now he will be down to his last $50M, but I think he got a lot of his crazy spending out of his system. At least he should have by age 40.

Never, he got fighters in MMA and boxing to choose from, easy work easy money

Problem is he invested most of his money in businesses that require huge operating costs. And if the businesses are not making any money, they're just a huge drain in cash. Probably why we no longer hear any news of him bringing large sums of cash in his bag. He'll be fighting again doe, don't worry.

Any gambler can go broke

He will never be broke simply because he got lots of business

I know some members of his family. They claim it’s all an act and he’s actually frugal. I don’t believe that for a second. Mayweather has been traveling the world and hanging out with billionaires. To Floyd, it’s all about one upping people. He’s been around people who have way way more money than he’ll ever have. If he’s trying to one up them he will be broke soon. You and I think about $750 Million and think, man, I’d have everything I want and not work, and I could take care of my family. I’d also have several houses. Floyd thinks about it in terms of wanting a second plane that costs $12 Million a year to own and operate. He wants to show off. And he wants to show off to people that it’s really hard to show off to. So he’s burning through money doing stupid things, like making it rain $100k at the club. Or running up $50K night after night at clubs while buying his entourage new threads every week. He will be broke, I guarantee it. And he will not finish his career undefeated, I guarantee that too. He’s going to keep fighting. Throwing $100k at a club that paid you $100k to be there is stupid? The ****?

By all accounts Floyd has a serious gambling problem. Floyd is betting $200k on whether the Patriots will be leading the Bills at halftime. What are you talking about? You add that all of the bets are basically being done through the same sports book and his records for the possible write-off are pretty easy to disclose. Floyd's not running around, playing red/black for $100k a pick, or playing $100k games of golf or whatever.

Never cause I’ll prob still pay to watch him on PPV when he fights Spence in 20 years

I know some members of his family. They claim it’s all an act and he’s actually frugal. I don’t believe that for a second. Mayweather has been traveling the world and hanging out with billionaires. To Floyd, it’s all about one upping people. He’s been around people who have way way more money than he’ll ever have. If he’s trying to one up them he will be broke soon. You and I think about $750 Million and think, man, I’d have everything I want and not work, and I could take care of my family. I’d also have several houses. Floyd thinks about it in terms of wanting a second plane that costs $12 Million a year to own and operate. He wants to show off. And he wants to show off to people that it’s really hard to show off to. So he’s burning through money doing stupid things, like making it rain $100k at the club. Or running up $50K night after night at clubs while buying his entourage new threads every week. He will be broke, I guarantee it. And he will not finish his career undefeated, I guarantee that too. He’s going to keep fighting.

How long until Mayweather goes bankrupt and can no longer sustain his 10 million a month lifestyle? At $10 million a month, even if he had $900 million, it would take him only 7 and a half years to burn through that much money...and Floyd doesn't have $900 million. Maybe somewhere in the $300 to $400 million dollar range is what he still MIGHT have. This is unsustainable, but he isn't going to change, and can't do the math to figure out his money is going to quickly disappear. Someone close to him might have tipped him though. He might have begun to notice and with his limited intellect, doesn't know what else to do besides get back in the ring to help sustain this lifestyle. $18 million watches. Bugatti's that cost millions to maintain. koenigsegg cars that cost millions. I'm worried as he needs this money to pay women and people to hang out with him. I don't want to see a boxing great get hurt. Pause for a moment. Floyd got an apparent $300m+ on the McGregor fight, and an apparent $300m+ on the Pacquiao. Between taxes, paying Haymon, camp expenses, etc, Floyd cleared an easy $250m in free cash for those two fights, conservatively. You add the $123m that he showed he had in his account before the Canelo fight, the $75m+ that he got from the Canelo fight, the $75m from the two Maidana fights, the $30m from the Berto fight, and Floyd is already sitting on an easy $500m. And that's before you count the money he has tied up in real estate/property, the money that he gets from his TMT lifestyle brand, the money he still gets for appearances/endorsing product, the money he gets from Mayweather Promotions/Mayweather Boxing Club, and his other side ventures (the boutiques in Las Vegas, the cryotherapy venture by his old bag man, etc). Still, going back to the hard cash, if you simply take the $500m that we can reasonably argue Floyd has in cash, at least, and invest that in the 10Y treasury (basically risk free), you're looking at earning $15m a year just for living/breathing. Floyd likely has better investments than just the 10Y (even the SPY, looking at it's historical performance, has delivered 10% year-to-year), his property holdings likely throw off money, his appearances still pay him beyond well, and he's likely seeing something from his businesses too. If Floyd's not seeing $60m in passive income per year at this point, at least, the folks looking after his money are messing with him. And, to go even beyond that, as profligate as Floyd's spending seems to be, outside of the trips abroad on his own jet, Floyd is basically chilling at places he already owns, is heading to a place that he's getting an appearance fee to go to, or getting comps at places because he's Floyd Mayweather. Floyd's not worrying about anything