Here’s what Floyd Mayweather is doing now to make more money!
9 - Investment Properties The most recent house Mayweather bought was
a 25 million dollar mansion in Beverly Hills in 2017.
His LA home includes a candy shop, a 12-seat movie theater, and a wine collection with
over 225 bottles!
Then there’s his “Big Boy” mansion in Las Vegas which actually has its own Instagram
account!
And in case he gets too bored staying in one spot, he’s got ANOTHER $2 million dollar
penthouse in Vegas.
He’s also got a penthouse in downtown LA, where he’s rumored to give out $8,000 dollar
tips to valet staff!
Mayweather probably also has numerous other investment properties he owns that just not
talked about.
His most famous commercial real estate project is with One Vanderbilt in New York City.
It’s supposed to be finished by 2020, and will be the third tallest building in New
York City.
So will his real estate investments pay off?!
Simple logic tells us that they’re not exactly making land anymore and the population keeps
growing!
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8 - The Money Team It’s kind of hard to really define exactly
what the Money Team does.
They’re the people who Mayweather employs to help him run all the things that he’s
got going on.
But on a marketing level, it’s the name of his apparel company.
But like we said, it appears to be more than just that.
Mayweather himself said that anyone could be on the money team, and that it’s just
a mindset.
Even if someone doesn’t have money, as long as they’re trying to make their situation
better, they’re on the money team.
Longtime Mayweather friend Rod Braswell describes the Money Team as a collection of entrepreneurial
minded people who came together for a common goal.
Of course, many of them make a boat load of money in the process which helps them out
obviously.
As far as the clothing brand goes, it wouldn’t surprise us if the money team brand becomes
as big as Jordan Brand!
And with his record flawless with that zero at the end, it’ll just be that much easier.
7 - Planes, Trains and Automobiles Okay well he hasn’t bought a train yet...but
don’t put it past him.
Mayweather easily has bought more than 100 Luxury Cars, worth at least tens of millions
of dollars.
Now cars aren’t typically investments.
That’s because almost all cars depreciate over time.
But if you buy the right ones at the right time, it CAN make sense.
A few do appreciate because they become collector’s items.
Mayweather told ESPN that he has a car collection worth over $15 million just in the garages
of his Las Vegas homes.
And oh yeah, don’t forget his jets.
He most recently purchased a custom built G650 that costs 60 million back in 2018 for
his birthday.
And it’s not even his first jet.
Or his second!
His other jet is a custom built G3 complete with white leather seats and a gold sink.
His first jet is a G4, which he affectionately calls Air Mayweather 1.
6 - Tech Investments Regardless of what you think about Floyd Mayweather,
most people tend to think that he’s a pretty vain person.
So when he decided to invest in a selfie App back in 2014, well that actually seemed quite
fitting.
The app was called “Shots” and it’s the brainchild of John Shahidi, the founder
and CEO of Shots Studios.
Justin Bieber also went in on the investment, who happened to be a close friend of Mayweather
at that time.
According to Fortune Magazine, things didn’t go as Shahidi expected.
Mayweather tried to hand over his million dollar investment with cash in a Louie Bag.
That basically sounds just so Mayweather!
Mayweather and Shahidi go back a ways, as Mayweather also invested in Shahidi’s gaming
company, RockLive.
In theory, Shots was supposed to be a social networking app.
It’s purpose was to allow people to be themselves and engage with other users without the fear
of being cyber bullied.
However, the app didn’t seem to get all that much interest and was taken off the App
Store.
Mayweather has said that he’s interested in future tech opportunities, so we'll just
have to wait and see!
5 - Endorsement Deals Many professional athletes supplement their
already big incomes with endorsement deals.
Michael Jordan with Hanes, Lebron with Nike, and don’t forget George Foreman and that
grill he made millions off of.
But Mayweather has very little endorsement deals.
Depending on how you look at it, that’s either very surprising, or not surprising
at all.
In an interview with Fortune Magazine, he claimed this was because no sponsor could
afford to pay him.
That or they don’t want to partner up with him.
On the flip side, he does have a past with his girlfriends that’s not exactly flattering.
Who did he have endorsements deals with?
One example was Hublot or the McGregor fight.
In the three days around the fight, there was 184% more online engagement around Hublot
compared with the previous three-day span.
What was the minimum Mayweather charged for that endorsement deal?
A nice even million dollars.
However, we also know that he’ll push some dodgy investment schemes to his fans.
Remember when he was pushing crypto ICO’s?!
4 - Sports Betting
Not only does Mayweather make bank in the ring, but he’s also had much success betting
as well.
In 2015 he went on a little betting streak after fighting Manny Pacquiao and making more
than $200 million for the fight!
To celebrate, he took some money and went on a multi day betting spree.
Mayweather tweeted, quote “I don’t do anything for free” a few days after the
fight.
He placed bets on some basketball games such as The Rockets vs the Clippers and The Hawks
vs The Wizards.
He bet 350 thousand and walked away with roughly eight hundred twenty seven grand.
That’s roughly 477 grand he pulled in.
Of course, we don’t hear about the losses, but that would just be bad marketing.
In 2012, he supposedly won $3 million from betting on college football games.
While that’s hard to confirm, we wouldn’t put it past mayweather to have his own team
of sharp gamblers who’s doing research on the best bets.
He even tried to place a bet on himself during his fight with McGregor.
He tried to place a bet of 400k on himself, betting that the fight would end before the
10th round...in other words he thought he would knock McGregor out.
Mayweather’s supposedly never ever bet on himself before, so that tells you something
about how seriously he took McGregor.
In any case, while some people might think Mayweather he’s got a betting problem.
But if you know what you’re doing, it’s not a problem at all!
3 - Mayweather Boxing Gym
Now It only makes sense that one of the best boxers of all time would have some sort of
side business that’s actually related to boxing.
So it makes perfect sense that Mayweather would have his own boxing gym.
For starters, you can box and train at his private gym in Las Vegas….for a price of
course.
For Fifteen hunderd bucks, aspiring fighters or hardcore boxing enthusiasts can train with
Mayweather Sr. and his brother, Jeff.
This is called the “Mayweather Experience” since anyone can train just like Mayweather
does himself.
Chances are though, this doesn’t include trips in a private jet and ziploc bags full
of hundred dollar bills!
Beyond that, he’s been working on launching his own chain of boxing gyms all around the
world.
By partnering with existing gyms to rebrand themselves, Mayweather Boxing and Fitness
should be able to keep the cost of its own cash investments pretty low.
Since they’re a franchise, they collect an upfront fee plus a percentage of the revenue
from each of their partners.
Since none of the finances have been disclosed, this is still sort of a guessing game.
Given Mayweather’s popularity around the world and the brand he’s built, his goal
of 500 locations by 2023 is ambitious, but totally possible.
Most recently, Mayweather released an app under the same name as his gym that allows
people to train from their own homes.
He developed his own unique approach to training, and those techniques and routines are what
the app gives.
Members are supposed to wear heart rate monitors in class and track their progress and workout
stats in real time.
He’s also developed a virtual reality system that’s available at his gyms.
The system allows members to get coaching from "Virtual Floyd"!
2 - Mayweather Promotions To understand Floyd Mayweather you have to
at least have SOME concept of how he made so much money from boxing.
Floyd has often said that he’s proved that he wasn’t just fighting for the money.
That’s because when he fought as an amateur, he fought more than 90 fights for free!
It’s not about the money, but…..it’s about the money.
Because money is another way to keep score.
Not long into his career, he was smart enough to realize that he could be making a LOT more
money if he fought through his own promotional company.
He decided to bet on himself and created Mayweather Promotions.
That’s a move that’ll always will pay off for anyone.
However, because he was already signed to Top Rank Promotions, he had to pay 750 grand
to buy himself out of that contract.
Rather than getting a guaranteed fee up front, Mayweather promotes his fights himself and
takes a cut of the total revenue on the back end.
It paid off really fast though, because in his first fight on his own, he pulled in $8
million dollars from just that fight!
From there, he went on to where he is now, because I mean, he DID just pull in 300 million
for the Macgregor fight, if you want to even call it a fight!
Now that Money May is retired, he’s promoting his stable of fighters signed to his company.
We’re gonna say that’s just good business!
1 - The Girl Collection Girl Collection is a club in Las Vegas that
was opened up by Mayweather back in 2017.
We’re just gonna go ahead and let you figure out on your own what it means, just because
of how sensitive YouTube is with topics like this.
We can’t NOT talk about it, since it’s one of his bigger promoted business deals.
Mayweather promoted his club by visiting every night the week before his fight with McGregor.
He also had a huge party at the club after his win.
He posted a video on his instagram page with the caption quote “Gotta share the winnings”.
Watch this next video to find out about other super rich people!