How long until Mayweather is bankrupt?

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  • Scipio2009
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    #31
    Originally posted by Lion81
    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

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    • Johnny2x2x
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      #32
      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 ****** 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.

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      • R01
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        #33
        Never cause I’ll prob still pay to watch him on PPV when he fights Spence in 20 years

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        • Scipio2009
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          #34
          Originally posted by pillowfists98
          By all accounts Floyd has a serious ******** 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.

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          • Scipio2009
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            #35
            Originally posted by Johnny2x2x
            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 ****** 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 ******? The ****?

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            • CodeBreaker
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              #36
              He will never be broke simply because he got lots of business

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              • eco1
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                #37
                Any gambler can go broke

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                • rickJen
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                  #38
                  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.

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                  • Code Red
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                    #39
                    Never, he got fighters in MMA and boxing to choose from, easy work easy money

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                    • GhostofDempsey
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                      #40
                      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.

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