Floyd Mayweather Net Worth Revealed
Floyd Mayweather, born Floyd Joy Sinclair on February 24, 1977, is one of the greatest boxers of his generation, and, according to some, of all time. He is often called the best defensive boxer in the history of the sport. He is also one of an extremely elite group of athletes with a net worth of more than $1 billion. Floyd Mayweather net worth is estimated to be around $1.6 billion as of January 2018.
Floyd Mayweather officially retired in September 2015 after defeating Andre Berto. He matched Rocky Marciano’s all-time perfect record of 49 to no losses. In 2017, Mayweather came out of retirement and fought one comeback match against 29 year-old UFC champion Conor McGregor. He won the match after a hard fought 10 rounds, taking his total career score to 50-0. He beat the legend Rocky Marciano and stood second only to Ricardo “El Finito” Lopez.
Floyd Mayweather’s Career Stats
Floyd Mayweather has a career that is studded with accolades and awards, which explains Floyd Mayweather Net Worth. He is the only boxer to have a 50-0 score in the history of the sport. He is a Quintuple Boxing Champion, winning matches in 5 different weight classes. He also held the Lineal Championship in 4 different weight classes – he held the Lineal Championship twice in the welterweight class. Before turning professional, Mayweather won the Featherweight Division Bronze Medal in the 1996 Olympics. He also won the US Golden Gloves championship three times in three different divisions (light-flyweight, flyweight as well as featherweight) and the US National Championship in the featherweight category.
In his career, Mayweather recorded 26 straight wins in World Title matches, 10 of which were knockouts. He also has 23 wins through Lineal Championship fights, of which 9 have been knockout fights. He also has 2 wins against International Boxing Hall of Fame members. Of his 51 fights, Mayweather has 24 wins against current or former World Champions, of which 7 were won by knockout. He won 12 fights against current or former Lineal Champions, of which 3 were by knockout, besides the 2 he won against International Hall of Famers.
Floyd Mayweather won the prestigious The Ring Magazine’s Fighter of the Year in 1998 as well as 2007. He also won the Boxing Writers’ Association of America Fighter of the Year three times in 2007, 2013 and again in 2015. He got the Best Fighter ESPY Award 6 times, three times in a row from 2007 to 2010 and then again another three times straight from 2012 to 2014.
ESPN named him the best boxer pound for pound for the last 25 years. Mayweather still remains the BoxRec number one fighter pound for pound, the best fighter of all time and the greatest ever welterweight fighter of all time. Every major sports publication or news site, such as Sports Illustrated, The Ring, ESPN, Fox Sports, BoxRec and even Yahoo! Sports have ranked Floyd Mayweather the best ever pound for pound fighter at least twice each in the last decade. So it is easy to understand the story behind Floyd Mayweather Net Worth.
Floyd Mayweather Net Worth
Floyd Mayweather was called “Pretty Boy” for most of his career because of how little his opponents managed to land punches on him. However, in 2007, just before the biggest fight of his career against “The Golden Boy” Oscar De La Hoya, Mayweather changed his name to “Money” – to reflect how rich he had become. Indeed, this athlete is one of the richest athletes of all time. Mayweather is considered one of the most profitable pay-per-view attractions of all time. He has generated about $23.8 million buys on pay-per-view in his career, beating the likes of Lennox Lewis, Evander Holyfield, Mike Tyson, Manny Pacquiao and Oscar De La Hoya. Mayweather has been listed as one of the 50 most highly paid athletes by Forbes and Sports Illustrated multiple times.
From his official retirement fight with Andre Berto, it was reported by Forbes that Mayweather made $32 million, which took his lifetime career earnings to $700 million. However, it was his fight with Manny Pacquiao that broke records worldwide. That match garnered $4.6 million in pay per view buys, $73 million through gate revenue and another $13 million in sponsorships. That fight was the highest grossing single-day sports event for all time, generating more than $600 million. Mayweather walked away with $240 million for this fight – his biggest earning from one fight ever.
His 51st and final match, which was against Conor McGregor got him another $300 million. He got $100 million just for showing up and another $200 million through his pay per views and sponsorships. However, these numbers are just speculation since both parties signed non-disclosure contracts which means we will never really know the exact amount Mayweather and McGregor earned from this fight.
A Good Businessman
Not only is Mayweather a fantastic athlete, he is also known as a shrewd businessman. In 2007, Floyd Mayweather split from Bob Arum’s Top Rank and founded his own promotional company called Mayweather Promotions. Why? Simple. He felt he could make more money promoting himself than if he worked with another company. Thus, he broke ties with Top Rank by invoking the $750,000 break clause. And it was the right decision. Over the next six years, the boxer earned paychecks that ranged from $25 million to $40 million per fight. It was thanks to his own promotion company that Mayweather got the record breaking deal to fight Canelo Alvarez, which got him a massive paycheck of $70 million.
Life outside Boxing
Floyd Mayweather may be one of the greatest athletes in history and a shrewd, however, his money troubles are also legendary. His penchant for gambling, expensive jewelry and an opulent lifestyle tends to get him into financial trouble. Despite that, his business acumen keeps him out of the red – most of the time. Now, his new interest seems to be in cryptocurrencies. He has endorsed multiple Initial Coin Offerings (ICOs) and has even told his fans that they can call him “Floyd Crypto Mayweather”.
At the end of the day, this colorful man finds a way to keep life interesting for himself as well as his fans. It remains to be seen what Floyd Mayweather will do next.