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Don't doubt that he is ALREADY broke (hence why he is fighting on free TV now). His stock has gone down since the Pacquiao fight as MAJOR sites rescored the fight for Pac, and most people saw a ONE ARMED Pac win. That's why he ASKED for the rematch when Pacquiao healed but Pac denied him and said "you'll have to wait your turn until I'm a 100%". Embarrassing year for floyd.
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Look 50 is lying thru his horse teeth. He's got hundreds of millions... he probably has it hidden away. An offshore account perhaps. Regardless that dude is loaded... he needs to pay that woman he humiliated and be done with this charade. IRS gonna get his ass...Comment
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His handlers know the size of the blow Floyds already bad reputation took. He gets boo'd coming in the ring and boo'd leaving the ring. People throw bottles and cans at his ass. A PPV event with any fighter would not sell. Pacquiao will be the only way he makes another penny in Boxing again.Comment
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I wonder why no mention of his vitamin water money which is where most of his wealth has been rumored to have come from.
I was talking to this investing guy I'm friends with & he seems to think 50 gots most of his money in companies he owns under a LLC or some such ****. Thus that money can't be effed with over all this just under $30M he's lost in lawsuits lately & he can perhaps get the amount he owes reduced so its more a ploy to pay these mfers who beat him in court less.Comment
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Firstly i don't see what this has to do with Mayweather or boxing.
Anyway you can see most people here probably still live with their parents and know nothing of the ways of the world and finance.
Essentially what's happening is he's in a court room and they're trying to determine how much they can take from him in relation to his wealth. He won't be anywhere near as broke as he claimed. He will have sat down with a team of lawyers who have worked out where his money and assets are, where they're tied up and being held. Then they will work out the minimum they can get away with saying that he has.
He's made a lot of money, Forbes has him estimate at having like $150m. Maybe he has nowhere near that but a guy who made so much money will be involved in all sorts of tax avoidance schemes such money in offshore accounts. The way finance works and what is declared is extremely different when people are making that much money. People must think people like him and Floyd just have all this money dumped in a bank account. These people have teams of financial advisors who work out the best way to make money, keep money and pay as little tax on it as possible, such as tax loopholes in offshore accounts.Comment
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word is 3 months before this 50's lawyers told him he would lose so he put all his money into his companies knowing he would file bankruptcy. Rich people do the **** all the time.
What did Donald Trump say-If I owe the bank $30 mil and they do not get it, I have a problem. If I owe the bank $300 mil and don't give it to them, THEY have a problem.
This is no different then Floyd lying about the weed and the beat down were fake.Comment
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