A new report has cast fresh doubt on the financial empire long associated with Floyd Mayweather, raising questions about whether boxing’s most famous self-proclaimed billionaire is under growing financial strain.
According to a recent investigation by Business Insider, the undefeated former champion may be struggling to sustain the enormous costs tied to the extravagant lifestyle he continues to showcase publicly.
For years, Mayweather has cultivated a persona built on limitless wealth, luxury cars, private jets, and high-profile real estate deals.
Business Insider‘s reporting suggests that Mayweather‘s reputation as a savvy businessman and financial juggernaut may not fully align with the reality behind the scenes. The outlet points to public statements made by Mayweather himself that appear inconsistent with recent financial records.
The report alleges that Mayweather took out millions of dollars in mortgages on his homes as recently as last year, directly contradicting his assertion that his properties were fully paid off.
The investigation also outlines multiple lawsuits and liens connected to Mayweather. Creditors have reportedly claimed he owes money related to a Mercedes Maybach G-Wagon, jet fuel expenses, and even garbage collection services at his Las Vegas mansion. While those amounts may seem minor relative to Mayweather‘s reported earnings, the report frames them as part of a broader pattern of mounting obligations.
Real estate deals, debt, and growing risk
Much of the scrutiny centers on Mayweather‘s highly publicized real estate investments. In 2024, he announced that he had invested $100 million into a portfolio of Manhattan luxury high-rise apartment towers owned by Go Partners. Business Insider, however, reports that Mayweather‘s actual contribution was only a “nominal” amount and that he did not invest further. The outlet claims that even that initial investment was absorbed by Go Partners.
Another headline-grabbing claim, that Mayweather invested $402 million into rent-regulated apartments in Upper Manhattan without partners, also drew skepticism. Business Insider referenced its prior reporting, stating there was no evidence that any outright or majority sale had occurred in connection with that deal.
The report goes further, stating that two of Mayweather‘s commercial properties are currently facing foreclosure. One is his Las Vegas strip club, Girl Collection, which is reportedly delinquent on more than $52,000 in unpaid property taxes and penalties. Mayweather has also been accused of failing to pay millions of dollars for luxury watches and high-end jewelry, allegations he has firmly denied.
Perhaps the most striking detail involves Mayweather‘s borrowing practices. According to Business Insider, Federal Aviation Administration records show that Mayweather sold his Gulfstream jet, along with mansions in Beverly Hills and Miami, to real estate partners. Around the same time, the report says he borrowed $54 million from financier Don Hankey at a 9 percent interest rate.
To secure the loan, Mayweather allegedly pledged 14 residential properties, his Las Vegas strip club, and his jet as collateral. The debt was cross-collateralized, meaning several assets were tied to the same obligation. Business Insider noted that this structure significantly increases risk, as a default could allow creditors to seize multiple properties at once rather than one at a time.
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