Floyd Mayweather Jr. stands true to his ‘Money’ moniker. The American boxer has splurged cash like you wouldn’t know and maintains a luxurious lifestyle. That’s not all. He is also smart with his money, as he continues to beef up his bank account despite hanging up his boxing gloves almost 7 years ago. He has diversified his revenue source and has zeroed in on real estate as his newest playground. The former world champion’s eye-popping $402 million real deal is a testament to it.

Mayweather Jr., 47, recently invested in the upper Manhattan area of New York City from Black Spruce Management’s Josh Gotlib. Notably, he bought more than 60 buildings featuring over 1,000 units of affordable housing space, with the overall price of the investment totaling up to $402 million. Talking about his deal, he told TMZ Sports, “Growing up, I used to dream about owning just one home by myself; when you work hard, you can achieve anything.”

Mayweather Jr., at 50-0, then turned to his Instagram Story and showcased his plaque commemorating the deal. In addition, the fans could notice bundles of dollar bills on the table as he proudly showcased the plaque card. What’s more? He also had a Hermes Himalaya bag on his next chair. And, to celebrate this incredible moment—he gifted himself a white Dior bag, which he pulled out of a designer box on the table.

In his Instagram Story, Floyd Mayweather explained, “I’m having fun, living life, making power moves every day. As you guys can see, see my plaque right here for my buildings. Check it out. Truly, truly blessed. Hustling hard, making power moves. That’s what I do. Always got to treat myself a little gift. You guys seen this? Himalaya. Just what we do another one-Dior. Money made, and you guys know the rest.”

The Real Drop reported that Mayweather Jr. wanted to provide affordable housing, and that’s the reason behind his $402 million investment. This deal deeply resonates with him as he grew up in a one-bedroom apartment in New Brunswick, New Jersey. But now, he has emerged as one of the biggest property dealers in New York City.

Floyd Mayweather Jr: Started from the bottom

‘Money’ gives a motivational message on Instagram and boasts that he always has to give himself a “little gift”

After causing a stir with his $402 million real estate acquisition in New York City, Floyd Mayweather showed off one of his latest whims.

On October 16, ‘Money’ closed a deal to acquire more than 60 buildings that will provide more than 1,000 affordable housing units, making it one of the largest transactions in the city in 2024.

I’m having fun, living life, making power moves every day. As you can see, see my badge right here for my buildings, take a look. Really blessed, working hard, making power moves. That’s what I do, always got to give myself a little gift. Have you seen this? Himalaya. Just what we do, another Dior. Money earned, and you know the rest,” Mayweather posted in an Instagram story, as he showed off a Dior suitcase to match one he already had.

Mayweather Jr. wants to offer affordable housing

The properties that Mayweather acquired are located in Upper Manhattan, illustrating the boxer’s continued commitment to making dreams come true.

After retiring with a flawless 50-0 record and earning hundreds of millions in high-profile fights, his net worth is estimated at $1.2 billion, placing him among the richest athletes in the world.

This latest deal is not Mayweather‘s first foray into the New York real estate market. He previously partnered with SL Green Realty to invest in nine skyscrapers and is also involved in its bid to develop a casino in Times Square.

“I’ve worked with SL Green for many years, and Andrew Mathias is a great businessman,” Mayweather said on the “Earn Your Leisure” podcast.

Mayweather’s earnings are even more astonishing when compared to those of other athletes, to the point that he is considered the fifth highest paid athlete of all time, alongside sporting icons such as Michael Jordan and Tiger Woods.