Comments Thread For: Floyd Mayweather Rejects Rumors That He Needs Money

[JK1700]

The reason why he won’t go broke guys is because he’s got very smart people around him. This isn’t Mike Tyson who didn’t have any plans/income after boxing or Manny Pacquiao who let a promoter screw him over his whole career. His mentor is one of the smartest people in boxing (Haymon) and he’s been working with him for 15 years plus. I’m pretty sure he’s made enough investments to still be earning a cool 3-5 million a year easy without boxing.

You’ve gotta remember the Conor McGregor fight was basically another $350-$400 million that he didn’t even need to take. He just did it because he could. And with the Canelo/Maidana/Pacquiao fights it’s safe to say he probably made $400 million. There’s no way possible the man is ever going broke. As much as the haters would love to see it.

[Outwest Exp 355]

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Where do you suppose those 7 figures per month comes from?
The only business venture Floyd went into (as far as he’s actually detailed it) was opening up strip clubs.
Seriously? Strip clubs is what you go after when you’re banking 8/9 figure paychecks a fight?

I love Floyd as a boxer and consider him the greatest talent ever. But Floyd is no businessman and you are silly for actually believing him.

One of the investments he brags about is the $26 million dollar hike he bought in LA. What’s the return on that investment? Absolutely nothing. Taxes alone on that property is over $100k a year.

He also brags about commercial real estate. I know for a fact he owns the entire strip mall where his gym is. He’s probably got his hands on other **** too.

[Roadblock]

Tell that to Mike who earned 300 million in his career but was millions in debt by 2000.

People don't realize how much financially illiterate people making tens of millions can squander.

Mike loved to party and was involved in drugs not a good mix if keeping money is your plan.

Floyds thing is money and he lives clean, I dont see Floyd ever being low on currency, when it comes to business brains Floyd is so far ahead of Mike its not funny.

[Luilun]

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Where do you suppose those 7 figures per month comes from?
The only business venture Floyd went into (as far as he’s actually detailed it) was opening up strip clubs.
Seriously? Strip clubs is what you go after when you’re banking 8/9 figure paychecks a fight?

I love Floyd as a boxer and consider him the greatest talent ever. But Floyd is no businessman and you are silly for actually believing him.

One of the investments he brags about is the $26 million dollar hike he bought in LA. What’s the return on that investment? Absolutely nothing. Taxes alone on that property is over $100k a year.

Try like 260k property tax in California is 1.25% of purchase price

[Luilun]

Mike loved to party and was involved in drugs not a good mix if keeping money is your plan.

Floyds thing is money and he lives clean, I dont see Floyd ever being low on currency, when it comes to business brains Floyd is so far ahead of Mike its not funny.

Than why did that Slick Willie guy swindle him for a 100 million

[OPS]

Curtis Jackson is an antagonist of all antagonists.

[BangEM]

How did Floyd make $600million? People are adding career earnings together without subtracting taxes and percentage to managers, promoters, trainers, etc.?

I hope he invested his money because his lifestyle consumes a lot of money. The man has about 20-30 luxury cars, private jet and tens of millions of dollars worth of ***ellery. Maintenance all these alone would cost him more than $10million a year.

[TheReadyTimeBoy]

Of course he *could* go broke... The dude lives an extravagant ass lifestyle. Any amount of money can be spent.

But I don't think so. I think hes a dumb ass who has probably wasted A LOT on dumb ass *****, but I also think the influence of Al Haymon and the precedent set by guys like Tyson, Bowe etc going broke would have made him make some smart investments in real estate, business, stocks etc that he could generate a pretty big income from.

The thing is, Floyd made his REALLY big "***** you" money when he was already a mature man in his 30s, with a lot more wisdom and life experience behind him then guys like Tyson and Bowe. They were in their early 20s, from deprived backgrounds, and promoted by absolute snakes like Don King, as well as surrounded by sycophantic individuals and yes men who were just along for the free ride and never had their best interests at heart. I'm sure Floyd has those dudes around him to an extent, but I think he is better equipped to deal with them.

Haymon is a different breed to King. Not saying hes some saint, but he is a college educated guy who came up legitimately. Don King was a crooked ass dude from the ****** who came up running a numbers racket. He killed two men. He had mob connections. Haymon *might* be crooked in some way, but nothing like that.

[Ndiphiwe]

Floyd's career earnings to date far exceed a billion dollars, all of these guys in his income range spend their money on lavish cars, jets etc; difference is they dont boast about it as Floyd does. Floyd has made a fortune from protraying the villian image and I actually admire how he has mastered his craft without undermining his core values of community outreach, clean drug/alcohol free living and he never steps on anyone's business but that which affects him personally. He generates 7 figure income from his interest earnings alone, which come at a preferential rate because banks are sourcing his business. Floyd has invested hundreds of millions in real estate, which barring a 3rd world nuclear war, still remain a lucrative investment channel. Some of his most talked about assets actually accrue in value over time & he is pretty aware of that. His earning capacity to this day, far exceeds all active athletes; poverty is not in his radar in his lifetime. He worked his but off for it; we celebrate his iconic discipline, dedication and wish him well. Almost 2 decades an undefeated champion, always in peak condition in the ring, we salute that as boxing true fans, that alone has brought honor to the sport of boxing.

[BoxingTrav]

Richer people than him have gone broke.
That private jet alone can drain a rich person very quickly.
50 cent once said Floyd would essentially go broke between fights and that Haymon wouldn’t let him get a financial advisor to keep him needing money and fighting for him.
There were also those old rumors that Oscar De La Hoya fronted him money to keep the IRS from seizing all his property and that’s why he worked with Golden Boy for so long despite hating Oscar with a passion.
It’s not how much you make it’s how much you keep. Floyd has alway had a lot of people around him with their hands out.

You mean the same 50 Cent, that filed for Bankruptcy? Or the same 50 that ran his boxing promotion into the ground or the 50 Cent who Floyd turned down a partnership to continue his relationship with Al Haymon?