Mayweather - will the money run out one day?

It's always hard to separate the hyberbole from reality with Floyd but if this article is to be believed, he has only one "checking account" and keeps all his money in that. Surprised to see it's only got $123 million in it

http://www.dailymail.co.uk/news/article-2413437/Floyd-Mayweather-Inside-ridiculously-world-undefeated-prizefighter.html

No doubt he has investments, property, money invested elsewhere etc but given his extravagance, is he at a real risk of losing it all someday? Plenty of fighters, and other sportsmen, actors, musiscians etc have made and lost fortunes. Plenty have probably lost more than Floyd has ever made.

It raises an interesting question. Who in boxing has lost the most money, if you adjust for inflation? I know Tyson talks of blowing through $300million+ but if you look at some of the old timers, would their lost fortunes dwarf that if adjusted for inflation?

Unlikely, he's getting $41m for this fight.

hampo171 wrote:Unlikely, he's getting $41m for this fight.

Tyson got $30m for Holyfield II

I'd say Mayweather is a lot smarter with his money than Tyson was.

I'd be very surprised if he only has that amount left, or only has one account.

His entourage is huge. It's like feeding a massive family only that it costs thousands as they're all having the best food on offer rather than canned spam.

And welcome.

I could see him going broke. Anyone who bets $400-$500k at one time on a sporting event can go broke. Not to mention the cars, flights, hotels, entourage costs, barber (for his skinhead) and a million other expenses he has.

John L Sullivan earned an absolute shed load of money relative to the era he lived in. His earnings from exhibitions, theatrical engagement and fights was estimated at well over a million dollars which is no small amount for the 1880’s. He managed to drink his way through pretty much every penny of it, which is perhaps even harder than earning it.

That article is taken out of context. The original was on ESPN, a diary account from a journo following Floyd on the canelo press tour. The point he made was that he had that amount in just one account. The inference was that he had more accounts.
I was wondering if he could blow it all too, or could maintaing his entourage be like so many boxers, his downfall. But I think in his case if he fulfills his 6 fight showtime contract, I think he'll just have too much money.
He'll do a good job of wasting a lot of his fortune though.
The same fleet of cars in both Miami
and vegas, but colour coded differently so he knows where he is, c'mon, how stupid is he?

Dependent on whether he gets rid of the amount of no-good hangers on he has......

Looking at the 24/7 videos it seems he has a lot of them......

Also has a trophy chick now........

Better to be a robert Guerra type with a regular wife, family and a home away from Vegas....

I hope he keeps his money but like all fighters who live in the spotlight and get their esteem and buzz from it...

It's finding a way to replace it when it's gone and unfortunately it usually means an expensive bad habit or two..

Izzi wrote:His entourage is huge. It's like feeding a massive family only that it costs thousands as they're all having the best food on offer rather than canned spam.

And welcome.

You mean as opposed to the fresh spam that's infinitely tastier?

The guy's a chump. Yes he has this Mayweather foundation for disadvantaged kids and any number of other worthwhile organisations that he supports, but when you consider the millions he fritters away on nonsense, it must be frustrating to think that he could be doing so much more.

Tend to agree re the way to handle your money Truss. Always admired Holmes in this respect. Did not try and be too flash, stayed in the town he had grown up in and built his house there, married his wife and stayed married so no alimony cases bleeding him dry. Is still I believe a comfortably wealthy man in retirement.

Rowley wrote:Tend to agree re the way to handle your money Truss. Always admired Holmes in this respect. Did not try and be too flash, stayed in the town he had grown up in and built his house there, married his wife and stayed married so no alimony cases bleeding him dry. Is still I believe a comfortably wealthy man in retirement.

Goes to show having money doesn't buy you happiness..

Rowley wrote:John L Sullivan earned an absolute shed load of money relative to the era he lived in. His earnings from exhibitions, theatrical engagement and fights was estimated at well over a million dollars which is no small amount for the 1880’s. He managed to drink his way through pretty much every penny of it, which is perhaps even harder than earning it.

And beer would've been 1p back then. Good effort.

Doesn't he also have quite a few kids to take care of as well though? Saying that he's beyond brash, wouldn't overly upset me if he end up like Holyfield, who was at least a decent human being.

TRUSSMAN66 wrote:

Rowley wrote:Tend to agree re the way to handle your money Truss. Always admired Holmes in this respect. Did not try and be too flash, stayed in the town he had grown up in and built his house there, married his wife and stayed married so no alimony cases bleeding him dry. Is still I believe a comfortably wealthy man in retirement.

Goes to show having money doesn't buy you happiness..

What about having your father-in-law's money?

You still seem to be a miserable git despite the numerous handouts.

Floyd will do more jail time. When his boxing days are over his head will explode.


Very few bookies can take or spread a million dollar bet so I don't believe Floyd's rhetoric on the amount he gambles.

TRUSSMAN66 wrote:

Rowley wrote:Tend to agree re the way to handle your money Truss. Always admired Holmes in this respect. Did not try and be too flash, stayed in the town he had grown up in and built his house there, married his wife and stayed married so no alimony cases bleeding him dry. Is still I believe a comfortably wealthy man in retirement.

Goes to show having money doesn't buy you happiness..

It does appear to buy you a shedload of bitterness though

Rowley wrote:John L Sullivan earned an absolute shed load of money relative to the era he lived in. His earnings from exhibitions, theatrical engagement and fights was estimated at well over a million dollars which is no small amount for the 1880’s. He managed to drink his way through pretty much every penny of it, which is perhaps even harder than earning it.

I read it it was just a smidge over a million and that was a generous estimate. But, the point is valid and he certainly blew huge amounts of cash, adjusted for inflation or not.

Chris told me once that when he died he only had a dollar note to his name or something along those lines. An original hell-raiser, old John L.

http://www.dailymail.co.uk/news/article-2335542/Floyd-Mayweather-bet-5-9-MILLION-Miami-Heat-winning--won-6-5-million-profit.html

Between August 2010 and and February 2012, Mayweather had a nearly flawless run, tweeting photographs of 46 betting slips, totaling $3,890,833 worth of bets, and 'every single one of them was a winner, netting the fighter a cool $3,938,722 in winnings,' according to a story on Grantland.com.

picks his battles wisely or probably doesnt tweet his losers

So he made about 40k? Lol that's madness.

Well he didn't get that much back so he must've been betting largely on heavy favourites.

Gotta be honest I have been a bit concerned about that possibility, he tends to bet 500k - 1 million at a time.

the amount he has earned, he should never have to worry about money ever again.

So he bets 500k on a sport with returns of about 1k??

but if it goes wrong he loses half a million?!! No chance would i do that!

Rowley wrote:Tend to agree re the way to handle your money Truss. Always admired Holmes in this respect. Did not try and be too flash, stayed in the town he had grown up in and built his house there, married his wife and stayed married so no alimony cases bleeding him dry. Is still I believe a comfortably wealthy man in retirement.

Are you mistaking a balanced and sensible way to manage your money, with being a legendary tightwad?

It's his winning plus the original bet he placed I think. So he bet 3.8m and ended up with 7.7. That's how read it anyway.

Yeah 3.9 mill profit rather than winnings

Ah well that ain't bad. I don't know much about betting as I only ever gamble on goat fights and pine cone eating contests.

Goat fights are brilliant. They headbutt each other, the loser walks away, the winner turns around and gets suckerpunched by the loser and the farmer ends up servicing the goat. Its like an essex disco.

I've always loved a gamble whether boxing, football,racing,etc, trust me only professional gamblers beat the bookies, and they are very selective on what they gamble on, you never see a poor bookie.

I'd love to see Mayweathers losing betting slips,there doubtless in the trash can.

Mayweather gambles like that when he retires it'll only go one way.

ShahenshahG wrote:Goat fights are brilliant. They headbutt each other, the loser walks away, the winner turns around and gets suckerpunched by the loser and the farmer ends up servicing the goat. Its like an essex disco.

Was it anyone other than you saying this Shah I would suspect you are making it up but for some reason I genuinely believe you are speaking from experience on this.

TRUSSMAN66 wrote:

It's finding a way to replace it when it's gone and unfortunately it usually means an expensive bad habit or two..

Actually that's another question. Does Floyd drink alcohol? I know he's a gym rat and in tremendous condition but he loves his junk food. I've never seen any mention of whether or not he's tee total.

Rowley wrote:

ShahenshahG wrote:Goat fights are brilliant. They headbutt each other, the loser walks away, the winner turns around and gets suckerpunched by the loser and the farmer ends up servicing the goat. Its like an essex disco.

Was it anyone other than you saying this Shah I would suspect you are making it up but for some reason I genuinely believe you are speaking from experience on this.

I was the farmer

I think the way people like him spend money is like an illness.

It's an addiction he can't live without being blase' about everything he does.

Unless his investments can last and he can always earn more than he's spending (which is A LOT) then one day he will run out of money for sure.

He'll probably die an old man & we'll hear after how he was down to his last cent on his death bed, not an unusual story for a boxer though is it

He'll probably die an old man & we'll hear after how he was down to his last cent on his death bed, not an unusual story for a boxer though is it.

Someone in his entourage or less than scrupulous adviser must by syphoning something off

Group Cpt Lionel Mandrake wrote:

He'll probably die an old man & we'll hear after how he was down to his last cent on his death bed, not an unusual story for a boxer though is it.

Someone in his entourage or less than scrupulous adviser must by syphoning something off

The way Floyd spends his money on them, I'd wager they're syphoning off his love juice to keep in his good graces

If you're down to your last cent on your deathbed, then you've timed things excellently.

John Bloody Wayne wrote:If you're down to your last cent on your deathbed, then you've timed things excellently.

"You can't take it with you mate!"
" I doubt anyone'll dig me up for it, may as well stick it in my top pocket...wait, I'm so poor I can't afford a top pocke....(death rattle and fade to black)

DynamiteChris wrote:I think the way people like him spend money is like an illness.

It's an addiction he can't live without being blase' about everything he does.

Unless his investments can last and he can always earn more than he's spending (which is A LOT) then one day he will run out of money for sure.

He'll probably die an old man & we'll hear after how he was down to his last cent on his death bed, not an unusual story for a boxer though is it

If being a reckless mong is an illness then yes, Floyd is very ill. I'm not bothered either way what he does with it, but if he ends up broke then he'll have no sympathy from me and thousands of other boxing fans no doubt.

Lumbering_Jack wrote:

DynamiteChris wrote:I think the way people like him spend money is like an illness.

It's an addiction he can't live without being blase' about everything he does.

Unless his investments can last and he can always earn more than he's spending (which is A LOT) then one day he will run out of money for sure.

He'll probably die an old man & we'll hear after how he was down to his last cent on his death bed, not an unusual story for a boxer though is it

If being a reckless mong is an illness then yes, Floyd is very ill. I'm not bothered either way what he does with it, but if he ends up broke then he'll have no sympathy from me and thousands of other boxing fans no doubt.

Totally agree, ask someone who can't find a job or who's been made redundant if they'd feel sorry for Mayweather or any other sportsman who's blown millions, you make your bed you lie in it.

Honestly, I cant see it. The guy would have made what, 1/2 a billion by retirement? can pay all the retainers you want, that isnt going away in a lifetime. It really isnt going with him, so as long as he leaves his kids with a bit in the bank, I see nothing wrong with him spending large

Floyd will go broke when he retires if he carries on the way he is. Betting millions at the bookies and spending 10's of millions of new carrs and houses every year will get him broke.

Champagne_Socialist wrote:Floyd will go broke when he retires if he carries on the way he is. Betting millions at the bookies and spending 10's of millions of new carrs and houses every year will get him broke.

Yeah because you know him so well don't you?

It none of our bees wax what he does with his HARD EARNED MONEY. The only reason Daily Fail printed this article is to appease their right wing, far right, champagne socialist hard core readers who post vicious racist drivel everyday on their rag of a waste of paper and internet space.

Floyd not as stupid as some hope. He gets blasted for ''cherry picking'' his opponents when surely this a smart move. I am sure Floyd is ALSO smart with his money. Remember he shows the world what he wants them to see in private its FAMILY FIRST and f**k everyone else. You have to laugh when people here say ''he will be broke when he retires'' more like they are hoping out of pure green eyed envy. Floyd earned his money as a professional boxer not an easy career to take no matter how easy he makes it look.

How much does mayweather promotions make roughly a year does anyone know? Also £123m is more than I thought considering the tax he pays his house all his cars and jet he's doing pretty good

Im never impressed when people show boat such money. I only wish for enough to keep me healthy and the freedom so do stuff I like. There are way to many people with so little to be impressed with people with such gross amounts of cash. Same with many footballers... For sure talented and hard working people should have the right to make more money and to be rewarded... but there is Rich and then there is just stupid Rich... Just my views on these people who like to flaunt it...

I've no problem with Floyd being mega rich, fair play to him I say. But if his on screen persona is anything to go by then I think he will end up broke. Placing half a million pound bets is utter madness, in the long run he'll lose. You have to question why he does it, to show off I suspect.

Buying 2 million quid cars, 200k watches will fast eat into your money.

I think that mayweather might have an agreement with the casino's - he keeps flaunting and advertising their names and they either give him greater odds or they ignore any losses he makes. Anyone who bets 500k a pop would probably be bankrupt by now.

He apparently bet $6 million on Miami Heat winning Game 7, he made about $7 million profit, if his bookies offered me the odds my bookie gave me.

Heard he puts millions into charity aswell

Lumbering_Jack wrote:I've no problem with Floyd being mega rich, fair play to him I say. But if his on screen persona is anything to go by then I think he will end up broke. Placing half a million pound bets is utter madness, in the long run he'll lose. You have to question why he does it, to show off I suspect.

Buying 2 million quid cars, 200k watches will fast eat into your money.

Exactly, he has the income now through fights and sponsorship etc but 3/4 years after he retures he will be a 'nobody' in terms of income and if he carries on the way he is then he will go broke.

He'll never be a nobody.......Top 10 ATg ..best fighter of the last 30 years.....

You not think personal appearances.......Guest commentary roles ...Books etc..... will supplement his already huge bank account...

Floyd is a star..........and there aren't many around in his league..

He always have a following..