Since his retirement, Floyd Mayweather has built an empire and invested in several businesses that are hard to keep track of. Since his retirement, the American Boxer has always found a way to earn and is always looking for an investment opportunity. Notably, real estate should be at the top of his long list of investment ventures.
The Pretty Boy has several luxurious mansions to his name in different parts of his country and it looks like he has a fresh addition to that list. After selling his $48 million Beverly Hills mansion, Money bought a new house in New York and was not shy about showing it off to his fans. Talk about living life in luxury.
Floyd Mayweather’s new mansion
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The former World Champion uploaded a story on Instagram telling his fans about his latest purchase. He was standing in the kitchen of his new house and stated, “Well, you guys know I do real estate in New York, so it was only right for me to get a new place in New York.” The 47-year-old has bought this place to make his work easier. He won’t have to travel as much as before now, but, considering how much Mayweather loves his new jet, he might not have any problem with travelling.
The Michigan native further stated that the place still needed some final touches and planned to reveal the full house as soon as it was completed before saying goodbye to the fans. “I will show you guys after the finishing touches. Money May, you guys know the rest,” stated Mayweather with a snarky grin on his face.
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Is Mayweather's new mansion a smart investment or just another lavish display of wealth?
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While we didn’t get the complete picture, the kitchen of this New York house feels rather small and dull as compared to his Beverly Hills Mansion. That mansion earned ‘Money’ a hefty profit, but that has not been his only real estate investment.
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Residence of another investment?
Last month, Mayweather listed his Beverly Hills mansion for sale at a staggering $48 million. He purchased that mansion in 2017 for $25 million following his victory over Canelo Alvarez. The former boxer spent heavily on the mansion on several upgrades, and he thought it would be a solid investment. Now that stands to make a substantial profit of close to $20 million, his intuition was proven right.
Mayweather has also sold two more properties in the past, but not every investment turned a profit. While his Las Vegas mansion generated a decent profit at a rather small investment, he faced a $1.5 million loss while selling his Miami Beach house.
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This new purchase by Mayweather might not be for the business completely, but when it comes to ‘Money’, you can never deny that possibility. What do you think about Floyd Mayweather‘s new mansion? Is this another investment opportunity for the retired boxer? Let us know your thoughts down below.
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Is Mayweather's new mansion a smart investment or just another lavish display of wealth?