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Floyd Mayweather has enough money to invest in the iconic Versace mansion

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Floyd Mayweather

The move is the latest investment by Mayweather Jr. in high-profile real estate projects

Floyd ‘Money’ Mayweather is as good at business as he was at putting on boxing gloves. It is not surprising, then, that information periodically emerges about a new success that adds zeros to his bank accounts. Proof of this is his latest project, which has shaken the real estate world in Miami: buying a part of the iconic Versace mansion, now known as “The Villa Casa Casuarina”.

The move is the latest investment by Mayweather Jr. in high-profile real estate projects, through a $10 billion company and a $402 million stake in the Upper Manhattan real estate market, further demonstrating his business acumen.

In addition, ‘Money‘ has been able to afford to fight sporadically, most recently three months ago in Mexico City, when he faced John Gotti III over eight rounds.

Floyd Mayweather

New projects in the pipeline for Floyd Mayweather Jr.

Through a post on his Instagram Stories, ‘Money‘ revealed some details presented in ‘clockednloaded’, where they talk about the big moves in the real estate sector, with his purchase of a part of the former Versace mansion.

According to The Real Deal, the investment is a significant stake in the historic property, now converted into a luxury boutique hotel. Although there is not much information about the details of the purchase, Mayweather reported that he acquired a majority stake in the property valued at $150 million.

Floyd Mayweather Jr.’s real estate empire

Originally built in 1930, the mansion consists of three floors and 23,462 square feet of construction on a 0.4-acre lot. It was once the residence of legendary Italian fashion designer Giovanni Versace. After his tragic death in 1997, it was converted into a boutique hotel with a restaurant, event spaces, spa, lounge and pool.

 Floyd Mayweather

Mayweather Jr.’s real estate success does not end there. Recently, boxing’s first and perhaps only billionaire sold a property on Palm Island, Miami, for $22 million and put a mansion in his hometown of Las Vegas up for sale for $12.5 million.

In addition, he is involved in a $10 billion project with 601W Companies that includes the purchase of 18 office buildings in New York, Chicago and Jersey City. Last month, Mayweather Jr. also signed a $402 million deal for a portfolio of apartments in New York.

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BOXING

Floyd Mayweather Never Stops Making Money And Expanding His Empire

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Floyd Mayweather

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.

 Floyd Mayweather

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.

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BOXING

Floyd Mayweather Jr. buying stake in former Versace Mansion in Miami Beach

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Floyd Mayweather

Mayweather acquiring majority of Eli Gindi’s interest in the Ocean Drive property now called Villa Casa Casuarina

Floyd Mayweather Jr. is making more moves in Miami Beach.

The retired boxer turned real estate investor is partnering with the Nakash family and Eli Gindi to acquire a large stake in the former Versace Mansion, now known as Villa Casa Casuarina, The Real Deal has learned.

Mayweather is taking the majority of Gindi’s interest in the iconic property at 1116 Ocean Drive  for an undisclosed price, according to sources. The former home of slain Italian fashion designer Gianni Versace is one of the most photographed mansions in the country. It was converted into a luxury boutique hotel with a restaurant, spa, pool, lounge and event space.

“I feel blessed to be a part of such an important piece of real estate,” Mayweather said in a statement provided to TRD. “Eli Gindi and the Nakash family are real estate royalty.”

Floyd Mayweather

Gindi said Villa Casa Casuarina, which he called “one of the most iconic properties,” was on the market for $150 million. With Mayweather, the owners plan to open up the estate to the public.

The Nakash family, which has built a global conglomerate that started with their fashion brand Jordache Jeans, owns at least six hotels on Ocean Drive.

Villa Casa Casuarina is a three-story, 23,462-square-foot building that sits on a 0.4-acre property. It was built in 1930. The Nakash family’s Jordache Enterprises paid $41.5 million for the famed site at an auction in 2013.

Ayal Frist of AlphaTech Real Estate Group is brokering the deal, and Morris Missry of the New York-based law firm Wachtel Missry is representing Mayweather.

It’s expected to close in the first quarter of next year.

Mayweather, who has reportedly earned $1.1 billion through his boxing career and business ventures, recently sold his waterfront Miami Beach mansion on Palm Island for $22 million. Last month, he listed his Las Vegas mansion for $12.5 million, the Las Vegas Review-Journal reported.

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BOXING

Jake Paul’s curious comments after beating Mike Tyson create lawsuit possibilities — sports lawyer reveals why

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Mike Tyson

Money was being gambled at historic levels when Jake Paul fought Mike Tyson in what many considered a sham of a fight that featured a 58-year-old decades past his prime and a 27-year-old YouTuber with questionable motives.

Could this all be setting up for a precedent-defining lawsuit?

One sports attorney believes several factors could lead to legal action.

“It wouldn’t shock me one bit to see a lawsuit filed on this fight,” Dan Lust, a Sports Attorney at Moritt Hock & Hamrott and Law Professor at New York Law School, told The Post.

Paul fought Tyson to a snoozer of an eight-round decision win, where the former heavyweight champ appeared to be struggling to stand as many criticized Paul for carrying him to the finish.

Mike Tyson

It appeared Paul could’ve won by knockout at his convenience, as Tyson looked wobbly in the later rounds.

Paul seemingly admitted as much after the fight, telling reporters he “didn’t want to hurt someone that didn’t need to be hurt.”

Another complicating factor is that boxers are not paid if the fight doesn’t happen.

As Tyson dealt with a litany of medical issues in the lead-up to the fight, one could argue that the fight was put on so the two could grab their cash and get out unscathed.

When asked whether he took his foot off the peddle, Paul responded, “Yeah, definitely,” and that he “wanted to give the fan’s a show.”

He was asked a follow-up question about whether he carried Tyson.

Paul responded, “Yeah a little bit. There was a point where I was like ‘OK, he’s not really engaging back.’ And so I don’t know if he is tired or hurt or whatever, and I could just tell that his age was showing a little bit and I just have so much respect for him and that violence, war thing between us … kind of went away as the rounds went on.”

Mike Tyson

The only problem with that is the fight received four times the betting interest than any other boxing match, with the fight’s most likely outcome in terms of betting odds being Paul to win by knockout (+125).

“I watched the fight very closely, lines were skewing toward knockouts … because logically it would point toward ‘Tyson is too old to take a big punch’ or ‘Jake hasn’t felt someone with Tyson’s power,’” Lust said.

Lust noted that Paul’s comments about not wanting to hurt Tyson would have been fine had he couched them to just the eighth round, since the final moments wouldn’t have put the entire fight in jeopardy.

Since he did not, Lust said that a can of worms was opened up, fueling what was already poor optics through the entire bout.

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BOXING

Floyd Mayweather Makes His ‘Most Significant’ Investment In $10B Collection Of Office Buildings

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Floyd Mayweather

Floyd Mayweather is expanding his real estate portfolio to include office properties nationwide in addition to the multi-unit residential buildings he purchased in New York City for $402 million.

The legendary boxer’s latest investment in 601W Companies aligns him with the office landlord’s extensive portfolio, a $10 billion collection comprising 18 buildings and 10 million square feet of space, The Real Deal reports. A source said its Mayweather’s “most significant” investment to date.

With his investment in 601W, Mayweather becomes an owner-partner in notable properties such as the Amazon-anchored 410 10th Avenue in NYC’s Hudson Yards, Chicago’s Aon Center and Old Post Office Building, and the Harborside office complex in Jersey City, New Jersey.

Mayweather is confident in a post-pandemic revival of the office market and sees “tremendous upside” in the 601W portfolio, citing the landlord’s strong track record, according to a spokesperson.

floyd mayweather jr Jon JonesMayweather’s investment will support repositioning existing assets and funding new acquisitions, said Mark Karasick, a managing member of 601W. Mayweather is also targeting distressed office deals in major cities like Chicago and New York, Karasick added.

The entry into the office space sector follows Mayweather’s $100 million investment with office landlord SL Green and a month after his $402 million acquisition of an apartment portfolio from Black Spruce Management in Upper Manhattan. That deal, encompassing more than 60 rental buildings, is poised to be one of the city’s largest transactions this year.

“New York City is the center of the world,” Mayweather said in a statement. “A wise person once told me if you buy real estate in New York and you hold on to it over the years, you will always make money and win.”

The millions Mayweather earned inside the ring have solidified his status as a savvy investor. He amassed a net worth of $1.2 billion, including approximately $300 million from a single fight in 2015.

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BOXING

Jake Paul vs Mike Tyson joins Floyd Mayweather, Manny Pacquiao, Canelo Alvarez and Gervonta Davis in illustrious list

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Jake Paul vs Mike

The Jake Paul vs Mike Tyson fight has joined a prestigious list of boxing events having attracted huge gate revenue.

Paul beat Tyson in a record-breaking sanctioned professional fight, which saw a crowd pack in to watch the unique spectacle at the AT&T Stadium in Arlington, Texas.

The event drew a huge viewership on Netflix, with 60 million worldwide tuning in to the clash, which was the first broadcast of live boxing on the streaming service.

But it was in the stadium where records were also shattered with 72,300 fans purchasing tickets for the event.

It saw the event draw a mammoth $18,117,072 gate, with an average ticket price of $304 seeing the event draw the highest revenue in US history for a combat sports card outside of Las Vegas.

Floyd Mayweather's hilarious and honest take about Jake Paul fighting Mike Tyson | Marca

Paul vs Tyson also earned over double the previous biggest event at that stadium, with Canelo Alvarez vs Billy Joe Saunders holding the previous record with $9m in gate earnings raked in.

But most notably it currently now in an illustrious rankings list, as one of the top ten highest-earning gate events in boxing history.

It sits in tenth position with the $18m generated eclipsed by some of boxing’s biggest names.

Mayweather is the mainstay on the list with his fight gate revenues making four appearances.

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CELEB NEWS

Simone Biles Pens Heartfelt Note to Gold Over America Tour Members, Revealing the Secret Behind Their Success

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Simone Biles

Traveling together is often the best way to get to know someone. And if you’re bunking beds for two whole months together, while also performing together every week all over the country, the bond will only be even stronger. While Simone Biles is obviously feeling the blues with the Gold Over America Tour coming to an end, the 7x Olympic champ also can’t stop being grateful for the whole experience.

Led by the 27-year-old, Team USA’s stars hit the road just days after the 2024 Olympics for the second edition of the pop-styled gymnastics show. Now that the dust has settled, the GOAT of gymnastics once again had to share her note of appreciation with her enigmatic colleagues.

Simone Biles

In her Instagram story on November 18, Biles gave thanks to the people who made the Gold Over America Tour a reality after a gap of three years. Sharing her original IG post, Simone wrote, “Thank you @magicspace_entertainment for believing in my wildest dreams and making them a reality.” Noting how the gymnasts would find it difficult to bring more exposure to the sport without the organizers’ support, Biles gushed, “much love y’all.” In her original post, Biles also nodded her hat at the fans who never failed to fill up the venues that the touring band of gymnasts visited over the past couple of months.

“Thank you to everyone who came out and supported this journey after the success we had in Paris,” wrote Simone in her social media update from November 18. Mentioning how the athletes made tons of memories together while on tour, she went on to express her gratitude to the gymnastics connoisseurs for doing their part in helping her to continue doing what she loves.

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BOXING

Floyd Mayweather Jr. bets on office comeback, invests with 601W

By
Floyd Mayweather

Deal follows retired boxer’s purchase of $402M rental portfolio

Just one month after Floyd Mayweather Jr. inked a record multifamily deal, the retired boxer is taking a big swing on a comeback by the office sector.

Mayweather invested in office landlord 601W Companies’ largest portfolio, a $10 billion collection of 18 buildings spanning 10 million square feet, according to a Mayweather spokesperson and Mark Karasick, a managing member of 601W.

Neither source would put a dollar figure to the deal, citing a confidentiality agreement. But a source said it is the former world champion’s “most significant” investment to date.

 Floyd Mayweather

Mayweather previously invested over $100 million with office landlord SL Green, the source said. He has earned $1.1 billion in and out of the ring, including about $300 million from a single fight in 2015.

In October, the athlete-turned investor went into contract on a $402 million apartment portfolio owned by Black Spruce Management. The deal, which spans over 60 rental buildings, could end up being the city’s biggest this year.

Through the 601W investment, Mayweather will be an owner-partner in properties including Amazon-anchored 410 10th Avenue in Hudson Yards; the Aon Center and Old Post Office Building in Chicago; and Jersey City’s Harborside office complex — Mayweather’s favorite, according to the spokesperson.

Mayweather is betting on a post-pandemic office comeback and sees “tremendous upside” in the 601W portfolio given the landlord’s track record, the spokesperson said.

Floyd Mayweather

The firm, a trophy office owner with a redevelopment bent, made the bold move to expand its office footprint during Covid.

In late 2020 it paid $952 million for 410 10th Avenue, a century-old office building that seller SL Green had slated for redevelopment. The property boasted Amazon as an anchor tenant and, at the time, First Republic Bank as its second-largest with about one-third of the building.

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BOXING

Mike Tyson receives $250K offer from adult website after viral interview moment

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Mike Tyso

The boxing legend’s unexpected locker room reveal sparks a lucrative and unconventional opportunity.

Mike Tyson, the iconic former heavyweight boxing champion, is no stranger to the spotlight, but his latest offer might be the most unexpected yet. Following his much-publicized match against Jake Paul, a surprising proposal from the adult site CamSoda has Tyson fans buzzing.

The adult streaming platform is offering Tyson $250,000 to recreate his cheeky viral moment-literally. The buzz began after cameras caught a glimpse of Tyson’s bare backside during a locker room interview at AT&T Stadium, just ahead of his boxing match with Paul. Now, CamSoda wants him to take it one step further.

CamSoda’s VP, Daryn Parker, extended the offer with a playful letter, suggesting the former champ might consider “hanging up the gloves” and stepping into a less physically demanding role.

Mike Tyson

I understand this offer may be a far cry from what you just raked in from the fight, but let’s face it maybe it’s time to hang up the gloves,” the letter reads. Parker adds, “This is the perfect way to still get in front of people and perform in a different, less strenuous way. Plus, you don’t have to worry about anyone biting or going after your ears.

The proposal? Tyson would need to appear live on a webcam for one hour and simply “flaunt his derriere” for the camera.

Will Mike Tyson accept?

Although the $250K might seem appealing to some, history suggests Tyson is unlikely to take up the offer. Back in 2021, he turned down a similar proposal from the same company worth $100,000.

Thank you for watching

However, Tyson’s recent openness during the viral interview moment shows he’s not afraid of a little humor or vulnerability in front of the cameras. Whether he entertains the offer or not, his legendary status ensures he’ll remain a constant figure in pop culture conversations.

Mike Tyson

Tyson’s Legacy: from the ring to unexpected headlines

Mike Tyson’s career, both inside and outside the ring, has been marked by a series of unexpected moments. From his infamous ear-biting incident to his ventures into cannabis and podcasting, he’s never been one to follow a conventional path.

While fans are curious if he’ll respond to CamSoda’s offer, one thing is clear: Tyson continues to captivate audiences, whether it’s through his boxing skills, his humor, or his ability to keep us guessing.

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BOXING

Mike Tyson-Jake Paul Fight Jeered By Broadcast Industry Group: “A Viewing Experience Marred By Glitches And Buffering”

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Jake Paul–Mike Tyson

The National Association of Broadcasters has seized on on Netflix‘s tech issues in last Friday night’s live stream of the Jake Paul–Mike Tyson boxing match.

With some 60 million global households tuning in for the long-awaited fight in Arlington, TX, the signal became blurry, buffered or altogether unavailable for many viewers, according to a flurry of social media posts.

“You were probably expecting exciting nonstop action,” Alex Siciliano, SVP of Communications for the broadcast lobbying organization, wrote Monday in a blog post. “Instead, what transpired was far more disappointing – a viewing experience marred by glitches and buffering from a popular pay-TV service trying its hand in live sports.”

Mike Tyson

Netflix is getting set to expand its presence in live sports and sports-adjacent programming, with a doubleheader of Christmas Day games and a multi-year deal with the WWE for Raw kicking off in January.

NAB lobbies the government on behalf of members including the major broadcast TV networks as well as local TV station owners. In the case of the NFL, media rules require games to be carried on linear broadcast TV in the markets of the two teams competing.

Siciliano issued a forecast calling for more blurriness. The fight “was a good reminder that when it comes to live sports, no other medium can match broadcast television’s high-quality, reliable viewing experience,” he wrote. “No costly subscriptions. No worrying about your internet speed. Just the excitement of the game, delivered in high-definition to your TV screen.”

Jake Paul vs. Mike

Broadcast TV, the NAB exec continued, is known for its “‘one to many’ architecture. For popular sports programming, like the Super Bowl or World Series, there is no limit to how many viewers can tune in – and no risk of buffering.”

In announcing the viewership for the fight, Netflix noted that it peaked at 65 million households due to the global scale of the platform. That’s more than three times the viewing of a live-streamed NFL regular-season game and a larger crowd than virtually any live event.

In a memo to Netflix employees over the weekend, CTO Elizabeth Stone acknowledged “chatter in the press and on social media about the quality issues.” according to Bloomberg. She said the company nevertheless views the event as a “huge success” despite having “room for improvement” on the tech front.

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