Business

These eight businesses are Floyd “Money” Mayweather’s cash cows

BY Nii Ntreh June 30, 2024 12:12 PM EDT
Floyd Mayweather celebrating a title fight win. Photo Credit: SB Nation

The pugilist, boxing promoter, and business tycoon Floyd Mayweather remains perhaps the only undefeated world boxing champion in history. Having competed between 1996 and 2017, he won all his 50 fights, including 15 major world championships across various weight categories, and earned a staggering $1.7 billion in fight revenue.

In 2021, during the launch of his NFT art, Mayweather proudly declared that he is the sole athlete to have earned $1 billion without any endorsement deals.

“Only athlete to make a billion dollars without any endorsement deals. #SelfMade #TMT #TBE,” he claimed.

Mayweather actively publicizes his latest acquisitions, ensuring the world knows of his lavish lifestyle. The sportsman and entrepreneur gained worldwide fame for his substantial earnings and extravagant spending. From state-of-the-art Gulfstream jets to the most exclusive and expensive car models, luxurious watches, and jewelry, he possesses the finest possessions money can afford.

Aptly referred to as ‘The Money,’ Mayweather deeply understands that money begets money. Consequently, he has diligently and intentionally created a lucrative investment portfolio to secure his financial stability and for his future generations.

Beyond his successful boxing career, Mayweather thrives in the business realm as the proprietor of numerous lucrative enterprises. As follows is a selection of the significant investments owned by the former world champion.

Real Estate

Mayweather has demonstrated his shrewdness as a real estate investor. According to Grant Cardone of gctv.com, he has invested millions in commercial real estate, owning 9 skyscrapers. His investment portfolio, worth over $150 million, includes the 93-story One Vanderbilt, one of the tallest buildings in New York City. In a recent interview at the 10X Growth Conference 2020, Mayweather revealed his inspiring journey of becoming a commercial real estate investor and his plans to construct his tenth skyscraper.

“It started 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 explained.

The Money Team Racing (TMTR)

Mayweather expanded his horizons by entering the realm of motorsport through the introduction of his NASCAR racing team, The Money Team Racing. This team debuted at the prestigious 2022 Daytona 500 event held in Florida.

Speaking about his interest in car-racing sports, the 46-year-old multi-millionaire 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.”

Mayweather Promotions LLC

In 2006, Mayweather declined an eight-million-dollar offer to fight Antonio Margarito, a Mexican-American boxer. Instead, he used a provision within the Top Rank contract, allowing him to pay a maximum of $750,000 to become a free agent. Consequently, he achieved independence and founded Mayweather Promotions LLC in 2007. Led by Leonard Ellerbe, Mayweather Promotions LLC actively promotes boxing, other sporting events, and musical and theatrical performances.

Mayweather Boxing & Fitness

In 2018, Mayweather Boxing & Fitness was established by the renowned five-division champion with the aim of offering an all-encompassing, vigorous exercise experience.

The Money Team Clothing

The Money Team Clothing (TMT) is a comprehensive digital platform that provides an exclusive range of Mayweather merchandise for both men and women. The platform offers a variety of products, including apparel, training equipment, and accessories, all of which are of the highest quality.

Skate Rock City

Floyd Mayweather comprehends the significance of establishing an enjoyable destination for individuals and their families, a reason he acquired a roller disco in 2021. Spanning 26,000 square feet, Skate Rock City provides guests with a pleasurable, secure, and unforgettable respite from their everyday concerns. Situated in Las Vegas, Skate Rock City offers a variety of amenities, including a snack bar and a gaming zone, to keep young ones and families entertained. As an avid skating enthusiast, the former champion occasionally graces the premises with his presence. Moreover, fortunate visitors may even have the opportunity to encounter Mayweather and any celebrity accompanying him.

Girl Collection

In 2017, Mayweather established Girl Collection, a strip club known also as the ‘Girl Collection Gentlemen’s Club.’ This establishment spans over 7000 square feet and features two levels and four zones, providing a comprehensive entertainment experience for its patrons. Additionally, it prides itself on showcasing the most exquisite entertainers from around the globe.

Mayweather Boxing Club

Located in the heart of Las Vegas, Nevada, the Mayweather Boxing Club has transformed into a renowned boxing landmark. It serves as the official training facility for The Money Team and has nurtured numerous distinguished fighters and world champions. The club offers state-of-the-art training equipment, two full-size boxing rings, and recently renovated locker rooms and bathrooms. These facilities provide a privileged few the chance to train like champions. However, the Mayweather Boxing Club is not accessible to the general public.

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