Floyd Mayweather, the former boxing champion known for his immense wealth, continues to make waves in the world of business and investments. After a recent $402 million real estate purchase in New York, the multimillionaire is taking things even further with a massive $10 billion project.
On October 16th, Mayweather finalized a deal to acquire over 60 buildings, which will provide more than 1,000 affordable housing units. This deal ranks among the largest real estate transactions in New York City for 2024. According to a report from Essentially Sports, Mayweather’s spokesperson and Mark Karasick, managing partner of 601W Companies, confirmed the details of his new venture—an impressive $10 billion portfolio that includes 18 office buildings spanning 10 million square feet.
This venture marks a significant milestone in Mayweather’s business career, with sources from The Real Deal Real Estate News suggesting that this could be his largest investment to date. Through this deal, he will become a part-owner of several high-profile properties in New York, Chicago, and Jersey City.
The properties Mayweather acquired last month are located in Upper Manhattan and are a testament to his ongoing commitment to turning dreams into reality. Having retired with a perfect 50-0 record and amassed hundreds of millions from high-profile fights, Mayweather’s net worth is now estimated at $1.2 billion, positioning him as one of the wealthiest athletes in the world.
This is not Mayweather’s first venture into New York’s real estate market. He has previously partnered with SL Green Realty to invest in nine skyscrapers and is also involved in a proposal to develop a casino in Times Square.
“SL Green is a company I’ve worked with for many years, and Andrew Mathias is a great businessman,” Mayweather said in an interview on the podcast “Earn Your Leisure.”
With this bold move, Mayweather continues to expand his business empire, shifting his focus from the boxing ring to real estate development, where he’s set to leave a lasting impact.
