Floyd Mayweather did not fight his way into billionaire club, yet
Floyd Mayweather’s victory over UFC champ Conor McGregor made him the richest boxer in history. But it’s unlikely that it pushed him into the billionaire athletes’ club.
Floyd Mayweather got a lot richer over the weekend. But just how rich remains a source of contention.
While the numbers have not been released, Mayweather was guaranteed to earn $100 million from his fight with UFC champ Conor McGregor. Reports say his final purse is likely to be over $200 million. And a few reports, mainly citing Floyd himself, say it will be over $300 million.
It will clearly be the richest haul from a boxing match ever — and will cement Money Mayweather’s reputation as the richest boxer in history, at least in pure current dollar terms.
Yet, reports of Mayweather becoming a billionaire may be premature.
CNN reports that with his latest TKO, Mayweather is joining the “billionaire athletes club,” alongside Tiger Woods and Michael Jordan. That would assume he takes home at least $300 million for his fight, which is unlikely. He would’ve needed to rake in some $500 million for the fight for taxes to leave him with a $300 million take-home check.
It also assumes he had at a net worth of least $700 million before the fight — also unlikely.
All of that is hard to imagine.
And it’s not in keeping with more credible estimates of his wealth. Forbes pegged Floyd’s net worth before the fight at $340 million, mainly from his more than $200 million take from the Pacquiao fight.
Wealth-X, the wealth research firm, put Mayweather’s net worth before the fight at $380 million. Wealth-X says that about $340 million of that is liquid or cash.
So, even if he takes home $300 million, his after-tax take wouldn’t likely top $200 million. That would put his total net worth after the fight at between $500 million to $600 million.
That’s plenty rich. And with all of his other businesses and investments, it’s highly possible that the man behind The Money Team will wind up a billionaire. That assumes his famous spending on cars, watches and clothing doesn’t exceed his growing income.
But for now, Mayweather will have to be content with being the richest boxer in history, following the richest fight ever.
The “Billionaire Team” hats will have to wait a bit.
However Mayweather is considering giant investment in some parts of Africa including Nigeria, South Africa, WailersNG.com learnt.
Who is Floyd Mayweather? Wikipedia Source
Floyd Joy Mayweather Jr. (born Floyd Joy Sinclair; February 24, 1977) is an Americanprofessional boxing promoter and retired professional boxer. He competed from 1996 to 2017, held 15 world titles in five weight classes and the lineal championship in four different weight classes (twice atwelterweight), and retired with an undefeated record. As an amateur he won a bronze medal in the featherweight division at the1996 Olympics, three U.S. Golden Gloveschampionships (at light flyweight, flyweight, and featherweight), and the U.S. national championship at featherweight.
Floyd Mayweather Jr.￼
Mayweather in August 2010
StatisticsReal nameFloyd Joy Mayweather Jr.Nickname(s)
Super featherweightLightweightLight welterweightWelterweightLight middleweight
Height5 ft 8 in (173 cm)Reach72 in (183 cm)NationalityAmericanBornFloyd Joy Sinclair
February 24, 1977 (age 40)
Grand Rapids, Michigan, U.S.StanceOrthodoxBoxing recordTotal fights50Wins50Wins by KO27Losses0
Men’s amateur boxingRepresenting ￼ United StatesOlympic Games￼1996 AtlantaFeatherweight
Mayweather is a two-time winner of The Ringmagazine’s Fighter of the Year award (1998 and 2007), a three-time winner of the Boxing Writers Association of America Fighter of the Year award (2007, 2013, and 2015), and a six-time winner of the Best Fighter ESPY Award(2007–2010, 2012–2014). In 2016, Mayweather was ranked by ESPN as the greatest boxer, pound for pound, of the last 25 years. In the same year, he peaked asBoxRec’s number one fighter of all time, pound for pound, as well as the greatest welterweight of all time. Many sporting news and boxing websites, including The Ring,Sports Illustrated, ESPN, BoxRec, Fox Sports, and Yahoo! Sports, ranked Mayweather as the best pound for pound boxer in the world twice in a span of ten years.
He is often referred to as the best defensive boxer in history, as well as being the most accurate puncher since the existence ofCompuBox, having the highest plus–minus ratio in recorded boxing history.Mayweather has a record of 26 consecutive wins in world title fights (10 by KO), 23 wins (9 KOs) in lineal title fights, 24 wins (7 KOs) against former or current world titlists, 12 wins (3 KOs) against former or current lineal champions, and 2 wins (1 KO) againstInternational Boxing Hall of Fame inductees.
In addition to his accomplishments in the ring, Mayweather is well known for being one of the most lucrative pay-per-view attractions of all time, in any sport. He topped the Forbesand Sports Illustrated lists of the 50 highest-paid athletes of 2012 and 2013 respectively, and the Forbes list again in both 2014 and 2015, listing him as the highest paid athlete in the world. In 2007 he founded his own boxing promotional firm, Mayweather Promotions, after defecting from Bob Arum’sTop Rank. Mayweather has generated approximately 19.5 million in PPV buys and $1.3 billion in revenue throughout his career, surpassing the likes of former top PPV attractions including Mike Tyson, Evander Holyfield, Lennox Lewis, Oscar De La Hoyaand Manny Pacquiao.
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