Floyd Mayweather is a well-known American boxing champion and promoter.
Mayweather’s net worth is $400 million. This makes him the wealthiest boxer of all time. Floyd’s total career earnings as of this writing exceed $1.1 billion.
Who is Floyd Mayweather?
Floyd Mayweather was born on February 24, 1977, in Grand Rapids, MI. Floyd Mayweather Sr., his father, was a professional boxer who was best known for his fight with Sugar Ray Leonard. Floyd Jr.’s uncles, Jeff and Roger, are both former professional fighters. Floyd Sr. and Roger have alternated as Floyd’s trainers.
Floyd’s mother was a heroin addict when he was younger, and his father was absent. When Floyd was old enough to join a boxing gym, his father spent most of his time with him. When his father was imprisoned, Floyd moved home with his grandmother. During this time, Floyd focused on boxing. He left out of high school to become an amateur.
Floyd is the fifth highest-paid athlete of all time and one of just six whose career earnings have surpassed $1 billion. The remaining five are Michael Schumacher ($1 billion), Jack Nicklaus ($1.15 billion), Arnold Palmer ($1.35 billion), Tiger Woods ($1.65 billion), and Michael Jordan ($1.9 billion).
What’s most impressive about Floyd’s earnings is that he became the fifth highest-paid athlete in history while having relatively low endorsement revenues. In comparison, most of the highest-paid athletes in history made the majority of their money from endorsement deals.
Floyd won more than half a billion dollars from only two fights. He made $250 million in 2015 after fighting Manny Pacquiao. He made $300 million fighting Conor McGregor in 2017.
How old is Floyd Mayweather?
He is currently 47 years old.
What is Floyd Mayweather’s net worth?
He is estimated to be worth $400 Million.
What is Floyd Mayweather’s career?
Floyd’s first professional fight was on October 11, 1996. He defeated his opponent, Roberto Apodaca, in the second round.
Throughout his career, Floyd won an incredible six boxing championships in five different weight classes: super featherweight, lightweight, junior welterweight, welterweight twice, and super welterweight. His professional boxing record as of this writing is an incredible 50 victories and 0 loses. Of the 50 wins, 27 were by knockout.
On March 13, 2009, Mayweather was supposed to meet Manny Pacquiao, his most formidable opponent to date. The fight was arguably the most anticipated in a decade. At the time, pay-per-view revenue was predicted to top $180 million.
Floyd was guaranteed $25 million upfront, plus an extra $20-25 million in the future, out of the $180 million total. Unfortunately, Mayweather and Pacquiao were unable to negotiate a deal, and the bout stalled for several years. Floyd went on to defeat “Sugar” Shane Mosley on April 1, 2010, and Victor Ortiz in 2011. On May 5, 2012, Mayweather beat Miguel Cotto.
Floyd won an estimated $50 million ($32 million guaranteed) by defeating Robert Guerrero on May 4, 2013. Floyd received $75 million ($41.5 million was guaranteed) from his fight with Saul Alvarez on September 14, 2013. That set a record for the largest purse in boxing history. A record that will be easily surpassed when Floyd finally fights Manny Pacquiao on May 2nd, 2015. Mayweather vs. Pacquiao finally took place on May 2, 2015, in Las Vegas. It is expected to be the most lucrative fight in boxing history. Floyd and Manny decided to split all profits 60–40. Floyd made $250 million from the fight. Pacquiao made $150 million.
Floyd Mayweather and Conor McGregor faced off on August 26, 2017, in the highest-grossing Pay-per-view boxing bout in history. The event resulted in at least 5 million PPV purchases. When everything was said and done, the fight earned approximately $700 million in total money from all sources, leaving Mayweather with a $300 million payment before taxes.
As a Nevada resident, he paid no state income taxes on his earnings. He did pay approximately 40% of his earnings to the IRS. Actually, he paid 40% of his earnings plus $22 million in retroactive taxes for his 2015 income. When all was said and done, his after-tax earnings were $160 million. When added to his previous net worth, Floyd ended the McGregor fight with a net worth of $560 million.
Source: www.ghgossip.com
