It is no wonder Mayweather earned the nickname ‘Money’, as his skills were not limited to his prowess with his fists but also to doing business, a skill he has focused on since hanging up his gloves in 2017.
Since then, Floyd Mayweather has kept the public’s attention not only for his unbeaten legacy in the ring, but also for his moves as a businessman. The former world champion, known for generating more than $1.2 billion in revenue during his sporting career, has since built a real estate empire worth approximately $500 million.
However, its most recent acquisition, a $27 million purchase following a larger $402 million deal to acquire 62 buildings in Manhattan, sparked a wave of speculation about its financial situation.
Is Mayweather bankrupt?
On social media and specialized forums, rumors began to circulate about a possible bankruptcy, fueled by media figures such as Stephen A. Smith and content creators on digital platforms.
In the face of these reports, Mayweather reacted firmly. First, it was his daughter who dismissed the rumors as unfounded and then the former boxer himself responded publicly, both through social networks and in face-to-face statements.
I’m still arrogant, I’m still flashy, and I still don’t care what they say
But his most direct response came during his speech at the Real Deal NYC Forum, where he addressed the rumors head-on. “Everyone is entitled to their opinion. But if that’s what you call bankruptcy, having two private jets, owning 100 buildings and being able to do what I want, then I’m sure everyone would want to be bankrupt,” he said in his usual style.
Mayweather announces defamation lawsuit
In addition, Mayweather announced a defamation lawsuit against Business Insider, whom he blames for fueling a false narrative about his financial health. According to the former boxer, protecting his name and reputation is not just a matter of pride, but a business necessity. “I’m not a liar. I’ve worked hard to build my name and I’m not going to let it be tarnished,” he said.
When I started with real estate, I skipped the eight-figure numbers and went straight to nine figures. I want to make sure that my earnings allow me to travel with my family and build generational wealth
Despite the criticism, Mayweather continues to show confidence in his strategy and ability to capitalize on both his image and his investments. While rumors continue to swirl, he seems determined to control the narrative – as he so often did in the ring.
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