Floyd Mayweather, undefeated boxing legend, claims that despite earning over a billion dollars in his career, hundreds of millions never reached him, and now he’s taking legal action against Showtime.
The 50-0 fighter filed a lawsuit in California, alleging Showtime aided his former manager, Al Haymon, in diverting a “significant portion of his career earnings,” leaving Mayweather missing an estimated $340 million.
In the suit obtained by TMZ Sports, Floyd states he seeks to “recover hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud,” naming Showtime and former Showtime Sports president Stephen Espinoza as defendants.
“Floyd is one of boxing’s biggest pay-per-view draws,” Mayweather‘s attorney, Bobby Samini, said. “He generated hundreds of millions of dollars in revenue for Showtime.
“Mr. Mayweather now takes this fight to the courtroom to recover what he rightfully earned. Retiring undefeated at 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring.”
Interestingly, Haymon, Mayweather‘s longtime advisor of more than a decade, is not being sued directly, though Floyd alleges the ex-manager received “substantial participation and aid” from the network and Espinoza in siphoning funds.
According to the filing, major fights-including his bouts with Manny Pacquiao and Conor McGregor-were impacted, with Mayweather claiming Showtime sent accounts controlled by Haymon, effectively delivering his earnings to the manager rather than to him.
Years later, after switching to a new management team, Mayweather requested access to Showtime’s financial records, only to be told they were “lost in a flood” or otherwise inaccessible, prompting further allegations of concealment and misconduct.
Floyd Mayweather Net Worth – How the Boxer Built His Fortune
Mayweather‘s wealth stems from decades at the top of boxing, where he became one of the sport’s biggest pay-per-view draws, generating substantial revenue for networks, promoters, and sponsors.
He capitalized on high-profile fights, including Manny Pacquiao and Conor McGregor, commanding historic purses and endorsement deals that made him a major financial figure in sports.
His fight earnings reportedly exceeded $1.1 billion, though his net worth is estimated between $400 million and $500 million, factoring in taxes, spending, and investments.
A core source of wealth is Mayweather Promotions, which earned millions by organizing and monetizing major bouts. His apparel brand, The Money Team (TMT), generates additional income, while exhibition fights continue to bring in substantial payouts.
Mayweather has also invested in luxury real estate in Las Vegas, Miami, and New York City through Vada Properties, including residential and commercial holdings worth hundreds of millions, producing ongoing income.
Beyond property and promotions, he has business interests in cryptocurrency, NFTs, and fitness ventures, adding further revenue streams.
His lavish lifestyle reflects his “Money” brand, with private jets, exotic cars, jewelry, and multiple mansions, leaving him with a net worth estimated at $400-$500 million, illustrating a combination of athletic success and shrewd business strategy.
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