Legendary boxer Floyd Mayweather Jr., who retired from professional fighting in 2017 with a 50-0 record, is making a major real estate play in New York City.
According to TMZ Sports, the 47-year-old has purchased over 60 apartment buildings containing more than 1,000 units across upper Manhattan for a total of $402 million. Mayweather’s goal is to provide affordable housing for struggling families in the area.
“Growing up I used to dream about owning just one home by myself. When you work hard, you can achieve anything,” Mayweather said in a statement to TMZ.
The purchase is the latest in a long line of lucrative business ventures for Mayweather, who is widely regarded as one of the wealthiest and most financially successful athletes of all time. His record-breaking fight against Manny Pacquiao in 2015 generated $600 million, with Mayweather pocketing an estimated $250 million. He then earned a reported $275 million for his 2017 fight with UFC star Conor McGregor, bringing his career earnings over the $1 billion mark.
Even in retirement, Mayweather has found ways to keep the money rolling in. He’s participated in several high-profile exhibition matches, including bouts with WWE Superstar Logan Paul and boxer John Gotti III. Mayweather is also the founder of Mayweather Promotions, a boxing promotion company that has signed and promoted numerous notable fighters since its inception in 2007.
This latest real estate move signals that Mayweather is looking to diversify his investments and create a lasting legacy beyond his Hall of Fame boxing career. With his unparalleled earning power and business acumen, it’s clear that “Money” Mayweather is as formidable in the boardroom as he was in the ring.
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