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How Floyd Mayweather Achieved a Net Worth Is $560 Million

Floyd Mayweather

Floyd Joy Mayweather, Jr. is an American boxing promoter and retired professional boxer. Mayweather’s boxing career opened with an explosive performance at the Games of the XXVI Olympiad (the 1996 Olympic Games, held in Atlanta, Georgia). At the Atlanta Games, Mayweather was controversially denied the chance to fight for the gold medal in a points-based defeat to Serafim Todorov of Bulgaria.

Many observers believe Mayweather’s defeat in the semifinal round was politically motivated, as he was seen as winning the fight by outside observers. Regardless, this amateur defeat would be the final defeat of Mayweather’s combined professional and amateur career. Mayweather went professional just days after the Atlanta games ended and on October 11, won his first professional bout decisively, knocking out Roberto Apodaca, also in his first fight, in Round 2.

Floyd Mayweather, Jr. is an American boxer, considered one of the greatest boxers of all time. An influential businessman, not just a fighter, he has run his boxing career like a business and been highly profitable doing it. Mayweather’s net worth of $560 million makes him one of the wealthiest entertainers in a field where it is extremely easy for retired fighters to endure poverty due to injuries and poor decisions while fighting.

Early Career

Mayweather, coached initially by his uncle, Roger Mayweather, wasted no time establishing himself as one of the most dynamic and explosive men in the super featherweight class. Possibly the greatest stick-and-move boxer of his generation, Mayweather had an unparalleled ability to punch and move in rapid succession, which he used to confuse and tire his opponents while he battered them with an unyielding barrage of blows.

Mayweather continued to pummel his way through his early career, winning the super featherweight championship on October 3, 1998, less than two years after his first professional fight, in the dynamic Mayweather vs. Hernandez fight. Hernandez’s corner stopped the fight after the eight round, with Mayweather clearly winning the first seven.

Championship Reigns

Mayweather’s career continued, undefeated. He held the world super featherweight title until he vacated it in 2002 when he was moved up to the lightweight category. He won the lightweight title in his first fight on April 20, 2002, and continued to slowly put on weight, remaining undefeated through his entire career. By 2012 he reached his final weight, Super Welterweight, which he continued to fight in throughout the last five years of his career.

Last Years And Retirement

By 2017, Floyd Mayweather was ready to retire. Victorious in every fight in his career, he had seldom taken hits to the head, like those that debilitated many of his peers after their careers. His final bout came in 2017 against mixed martial arts star Conor McGregor. It was McGregor’s only fight as a boxer, and it was won by Mayweather in a TKO 1 minute and 5 seconds into the first round. With that flourish, the career of boxing’s greatest fighter ended.

Salary

During Floyd Mayweather’s career, he was one of the biggest fighters in the world, fighting consistently for multi-million-dollar purses with his flamboyant style. His final fight, in 2017, he won a $300 million purse against MMA fighter McGregor. The biggest fight of his life was May 5, 2007, pitting “Pretty Boy Floyd” Mayweather against fan-favorite Oscar De La Hoya. Mayweather taunted De La Hoya relentlessly before, during, and after their fight, getting under De La Hoya’s skin. After he won their fight, he brought out a new nickname: Money Mayweather.

Endorsements

As befits a man of Mayweather’s star-studded, charmed career, Mayweather was sponsored during and after his career by a wide variety of interests including Swiss watchmaker Hublot, fast food chain Burger King, boxing glove brand Grant Worldwide, cigarette manufacturer TAAT Global Alternatives, and fan experience platform Fanmio. Through these platforms he has built a widely diversified business empire that keeps him on top of the sporting world.

Mayweather as a businessman also has widely diversified interests including fantasy sports app Daily Number, racing team The Money Team, which began competing in 2022, and his boxing promotion business Mayweather Promotions. In 2021, Mayweather purchased a classic roller rink, Skate Rock City, a community gathering place for decades, that was in danger of closing. Mayweather has renovated the place while maintaining its historic character, and it has become a favorite of visiting roller derby skaters at the annual gathering of the sport.

Mayweather Promotions

Floyd Mayweather’s primary sports promotion platform is his boxing promotion, Mayweather Promotions. Mayweather started his company in 2006 to take control of his own career. Mayweather sponsors and trains fighters in classes from Super Bantamweight (122 pounds) to Cruiserweight (200 pounds).

Mayweather’s father, Floyd Mayweather, Sr., trained his son once he was released from prison in 1998. Floyd Sr. has had a number of students during his career and is no stranger to training women, as he trained Laila Ali, the daughter of legendary Muhammad Ali, during her fighting career. Mayweather Promotions is both a platform for the Mayweather family, and a training ground for the next generation of fighters.

Charitable Giving and Advocacy

Mayweather has been an advocate for fighters in and out of the ring. Despite his brash, taunting public persona, behind the scenes Mayweather has given money frequently to fighters in trouble and donated quietly to funerals for both opponents like Oscar Hernandez, the man who he won his first title from, who passed away after stopping chemotherapy in 2011, after a multi-year struggle with cancer. Mayweather tried to keep this quiet as it clashed with his aggressive and arrogant public persona, but word inevitably got out. He repeated this act later the same year for fallen legend Joe Frazier, paying for his funeral services as well.

The Floyd Mayweather Foundation, the boxer’s primary charitable giving platform, is a charity that seeks to promote health and wellness and sponsor youth leadership, education, and community development. In March 2012, Mayweather donated $49,000 USD for a 10-month-old’s survival-necessary heart surgery. He is also heavily involved in hunger-related charities both in the United States and United Kingdom.

Summary

Floyd Mayweather, Jr. was one of the most dynamic boxers of his generation. Retired from the sport undefeated at 55-0, his business ventures are focused around sporting. From his diversified business portfolio and his record of highly lucrative purses, Mayweather’s fortune of $450 million is one of the largest for a professional boxer ever. He spends from his fortune to build his businesses and on charitable works both for other boxers and for the community at large, making him one of the most generous boxers in the world, as well as successful.

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Allen Lee

Written by Allen Lee

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

Read more posts by Allen Lee

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