Billionaire Floyd Mayweather’s Smartest Investments: Real Estate, NASCAR, and More

It’s an obvious question. So what does a famous sports personality, with nearly $450 million net worth and career earnings that crossed the billion mark, do with all the money? Floyd Mayweather Jr., the jet-setting former boxing champion, promoter, and entrepreneur, became a global celebrity not only for his eight-figure paychecks but also for how he splurged it. Be it state-of-the-art Gulfstream to the rarest and costliest car models or magnificent plush watches and jewelry; he has the best that money can buy. Additionally, he ensures the world knows about his latest purchases.

Aptly nicknamed ‘The Money,’ Mayweather is well-versed in the sound principle that money attracts money. Hence over the years, judiciously and through deliberate measures, he has created a robust portfolio to ensure financial stability, not only for himself but perhaps for his coming generations. Let’s look at some of the critical investments made by Floyd Mayweather Jr. over the years.

How many Skyscrapers does Floyd Mayweather Jr. own?

According to an article published in gctv.com, Mayweather Jr. is a proud owner of not one or two, but nine skyscrapers! Primarily located in New York, it includes One Vanderbilt, a 93-story skyscraper in the heart of Manhattan. The tallest commercial building in the United States, among others, is part of his over $150 million portfolio.

How Floyd Mayweather Jr. got into real estate investing

In his keynote address at the 10X Growth Conference 2020, Floyd Mayweather Jr. reportedly discussed the inspirational journey that led him to invest in real estate. He said, “It started off with $5 million. I was getting $50,000 a month every month — for years. so I said okay if it’s paying off like this and I gave them 7 figures, I’m not gonna even give them 8 figures, I’m gonna give them 9 figures.”

He told the attendees that he was onto a new project building the tenth skyscraper, besides revealing that real estate was the area that he chose first to pour his money into.

Floyd Mayweather Jr.’s ownership of The Money Team Racing (TMTR) in the NASCAR Cup Series

It was late in 2019 that bits of news that Floyd Mayweather Jr.’s team would be participating in a NASCAR race filtered in. However, as it eventually turned out, the former champion’s ‘The Money Team,’ could debut only by the 2022 Daytona 500. The team’s driver, Kaz Grala, could manage only a twenty-sixth-place finish overall. Another driver Conor Daly drove the No. 50 Chevrolet Camaro ZL 1 for the team during the Cup Series.

As per UPI, in a press release, Mayweather Jr. reportedly said, “I love fast cars, and I love to compete. I know NASCAR will not be easy, but anything easy isn’t worth doing to me. With that being said, this move into auto racing seems to be a perfect fit for the Mayweather brand.”

Floyd Mayweather Jr.’s Mayweather Promotions

‘Money’ Mayweather began his professional journey in 1996 under legendary promoter Bob Arum‘s Top Rank. However, by 2006, the world champion decided to go independent. He refused an eight-million-dollar paycheck to fight Mexican-American boxer, Antonio Margarito. Instead, he decided to exercise one of the provisions in the Top Rank contract. It enabled him to pay up to $750,000 and become a free agent.

In 2007, he founded the Mayweather Promotions LLC with his former manager and later Premier Boxing Promotions founder Al Haymon as one of the advisors. Former amateur boxer Leonard Ellerbe is the current CEO of Mayweather Promotions. In addition, the firm does promotional activities for other sports and musical and theatrical events besides boxing. Often, Mayweather Promotions has been found promoting an event in partnership with Oscar De La Hoya‘s Golden Boy Promotions.

While delivering the acceptance speech during the Nevada Hall of Fame induction, Mayweather Jr. told the audience that he considers using $750,000 to come out of the Top Rank contract as the best use of his money.

Floyd Mayweather Jr. owns boxing and fitness gyms all around the world

In 2018, the former five-division champion launched Mayweather Boxing & Fitness to provide “an inclusive, high-intensity workout.” Reportedly, over 6k requests for franchises were received during the pandemic. Based out of Los Angeles, centers were opened or planned across fifty-five places in the United States. Per an article published in franchisewire.com, plans were afoot to open more than a hundred studios up and to run by the year-end of 2022. As part of its international expansion, studios have been opened in Moscow and St. Peterburg. In addition, studios are planned to open in megacities like Dubai and Tokyo.

According to the article, the firm’s franchise regulations mandate initial investments ranging between $305,000 and 695,000, besides having fluid capital to the tune of $125,000.

Floyd Mayweather merchandise, also known as TMT Merchandise

Precise details of the TMT Merchandise are available. Upon perusal of the portal, themoneyteam.com would sell apparel and equipment. Likewise, another outlet, mayweatherpromotions.com, has a section for selling sports-related goods and items.

Floyd Mayweather Jr. Foundation for welfare cause

Mayweather Jr. established a foundation in 2009 called The Floyd Mayweather Jr. Foundation to further the causes closest to his heart. According to the official website, tfmjf.org, it is described as “a not-for-profit 501(c)(3) organization dedicated to empowering and promoting the social development and advancement of adults and adolescents.”

The foundation’s primary goals are to improve public health services, help local economies, and provide diversified learning opportunities for youngsters. Every year, the former boxing champion organizes several exciting events for the community—for instance, the Back 2 School Giveaway, Thanksgiving Giveaway, and Fight 4 Fitness. Besides the above, he regularly contributes to foundations such as the Susan G. Komen (the Las Vegas Chapter), NGOs such as Habitat for Humanity (Las Vegas), and Three Square, which provides free food to the needy in Southern Nevada, among many others.

This is what Mayweather Jr. mentioned about his community-outreach efforts, “My desire to give is as strong as my desire to win. I know how important it is to help those less fortunate than me….if I continue to work as hard outside of the ring as I did inside of it. I can inspire others to do the same and help out in their communities as well.”

Floyd Mayweather’s Vegas-based The Girl Collection and Skate Rock City

Mayweather Jr. understands the business potential of ventures targeting families. Hence the idea got him to purchase a roller disco in 2021, as per Insider. Skate Rock City used to be the Crystal Palace in its earlier avatar. The 26,000-square-foot facility has everything from a snack bar to a gaming zone to keep youngsters and families engaged. The former champion is said to be a big skating fan and occasionally visits the property. And if visitors are lucky, they might come across a celebrity accompanying Mayweather Jr.

But it’s not that ‘Money’ Mayweather doesn’t understand or recognize the adult entertainment scene either. His Las Vegas-based strip club called Girl Collection started its operations in 2017. Adjudged “Las Vegas’ Best Gentleman’s Club” by vegasgoodlife.com, it’s a 7000-square feet facility with reportedly two levels and four zones to entertain visitors.

Floyd Mayweather wants to add NBA Franchise to his incredible portfolio

Late last year, news filtered that Floyd Mayweather Jr. was planning to buy an NBA team. According to an article in marca.com, he and business partner Brent Johnson even offered nearly $2 billion to purchase a team. However, which team it is, remains unclear.

Mayweather Jr. said, “Been working on buying an NBA team outright. One of my other business partners Brent Johnson, he’s here, so we’ve been working on the NBA team for a while now. You know, it’s kind of rough. It could be the Vegas franchise, it could be the Seattle franchise, or I could be buying a franchise that’s already up and running. The first offer, we offered them a little bit over $2 billion for majority ownership. Do I have it? Absolutely I have it.”

Read More: No Free Lunches and No Free Dates, Even With Your Wife: Floyd Mayweather’s No-Nonsense Take On Money Resurfaces

What is your take on Mayweather Jr.’s investments? Do share your views and opinions with us in the comments below.

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