Floyd Mayweather is the richest boxer ever! This fact is easily verifiable through a simple Google search. But how did he get to where he is today? It’s a question that has perplexed fans and rivals alike. Yes, there are other multi-millionaire personalities in the boxing community. But no one is at the same level as ‘Money’ Mayweather. A recent video shared on YouTube answers the same question in comprehensive detail.

‘Money’ Mayweather had generated over a billion dollars from boxing before he withdrew from the sport. His social media pictures with piles of money, jewelry, cars, and other insanely expensive items are no secret. However, his wealth reaches far beyond that. In fact, those pictures are nothing compared to his actual net worth. The $450 million Floyd owns a plethora of homes, gyms, and especially a NASCAR team. Back in 2020, Floyd appeared at the 10X Growth Conference with Grant Cardone, revealing his secret behind building such massive wealth.

Floyd Mayweather claims, “I took the chance early!”

In the conference, Floyd asserted people must embrace risks to get to where he is today. When questioned about his willingness to take that risk, Floyd stated, “I took the chance early!” Later, he elaborated on what inspired him to take the risk. “I looked at certain athletes’ career, and I said, I don’t want to end up like that,” Floyd told Cardone. 

Explaining how he started investing, Floyd claimed he started with $5 million. “Um put up five million. I was getting…$50,000 a month..every month on the 18th,” explained Floyd. Upon realizing he could make substantially more by increasing his investment, Floyd decided to invest a nine-figure amount. “If it’s paying off like this then, and I gave him seven figures I said I’m not gonna even give them eight figures. I went and gave him nine figures.”

Subsequently, Floyd went on to explain the significance of money in a person’s life. “Without money, you can’t buy food to live to be alive,” Floyd told Cardone. However, Floyd claimed he wants to build generational wealth that can last even after he passes. Probing further, Grant asked Floyd how he decides where to invest money. Floyd answered by saying, “If it’s something that I know is paying off lucrative and heavy, I gotta go with it.” 

A look inside Floyd Mayweather’s luxurious lifestyle

Mayweather is known for his luxurious lifestyle, but not everyone knows how deep his pockets actually are. The former boxer owns three lavish mansions in – LA, Miami, and Las Vegas. On top of that, his entire car collection is worth around $22 million, according to Way.com. Some of his most expensive cars are the Koenigsegg CCXR Trevita, Bugatti Grand Sport Vitesse, and Bugatti Chiron.

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According to a report from the Sun, Mayweather also owns three private jets. Also, his love for expensive jewelry is a well-known fact. Mayweather owns 41 luxury watches, with a few adorned with diamonds. However, his most expensive watch is “The Billionaire Watch” from Jacob & Co, worth $18 million.

The insight he provided into how he started investing gives a glimpse into how the former boxer became the richest boxer in the world. However, we want to hear your opinion on Floyd’s success. What do you think about his investment advice?

Watch This Story: Floyd Mayweather’s Greatest Investments