A building is purchased on Sixth Avenue, on the corner of 47th Street, in Manhattan

Floyd Mayweather, the boxing champion with a 50-0 career record, has once again shown that he has no qualms about splashing the cash. The American boxer, who boasts on his social networks of his acquisitions (he collects high-end cars, watches, poses with wads and wads of bills…), is one of the sportsmen who has earned the most money in the history of sport (more than 1.2 billion).

If in October it was revealed that he had spent more than $402 million to buy 60 New York buildings that will have more than 1,000 affordable homes in Upper Manhattan and that in November he acquired a stake in the Versace Mansion in Miami, now he has spent more than $20 million of his wealth to acquire a building on Sixth Avenue, according to TMZ.

This property is located on a corner at Sixth Avenue and 47th Street in Manhattan. It has offices, a diamond buying and selling store… and even a large billboard, the kind that delights tourists who flock to the Big Apple

“When I was young I used to shop at that Diamond store. I never thought I would end up owning this important property at the entrance to 47th Street. With hard work and dedication anything is possible,” Mayweather said in a statement. The boxer’s wealth is estimated to have reached $1.5 billion in 2024.

Floyd Mayweather has assured that generational wealth stays in his family for years to come.

‘TBE’ hung up his gloves in 2017 after pocketing a mammoth $1.2billion (£800m) in career earnings, making him the highest-paid boxer of all time.

Over the years, Mayweather has splashed his cash on various lavish items such as a £40,000 diamond-encrusted iPod, a £10,000 one-of-a-kind golf buggy and a fleet of supercars worth over £20m.

But more recently he has focused his outgoings on building up a large property portfolio for long-term investment.

His vast property empire includes a Las Vegas mansion he bought for $10m (£7.6m), a $18m (£13.8m) Miami Beach compound in the Palm Island conclave and a $402m (£309m) block of New York apartments.

However, his most recent $20m (£15.9m) purchase has been gifted to his three-year-old grandson, Kentrall Gaulden Jr.

Mayweather has entered into an agreement to purchase a prominent building in New York City for ten figures.

The property is located on 6th Avenue and 47th Street in Manhattan and comes complete with offices, a diamond exchange, and a large, income-generating billboard.

Mayweather regularly frequented the diamond district, which is now owned by his grandson.

“I never thought I would end up owning this important property at the entrance of 47th street…

“Through hard work and dedication anything is possible.”

Mayweather uploaded a video of him gifting the building to his grandson to his Instagram

“You are the first kid that owns a building in the diamond district in New York City.”

Kentrall smiled and wrapped his arms around his grandad.

‘Money Mayweather’ may be flashing his cash now but it wasn’t always this way.

The five-weight world champion grew up in a one-bedroom apartment with six relatives in New Brunswick, New Jersey.

“When people see what I have now, they have no idea of where I came from and how I didn’t have anything growing up,” he told Mercury News in 2007.

His story now serves as a reminder of how boxing can change lives.

Bob Arum has seen it all in the sport of boxing, including one of its biggest stars in history, Floyd Mayweather.

Though there was no love lost between the promoter and fighter when Mayweather split from Top Rank and went out on his own, Arum saw up close and personal just how skillful the 47-year-old was in his prime.

Famously, no man could beat Floyd in the ring, though some came close. He retired with a perfect 50-0 record with victories over the likes of Oscar De La Hoya, Manny Pacquiao, Miguel Cotto and Shane Mosley.

The latest dominant American in the sport is one Terence Crawford, the switch-hitting four-division world champion whom Arum also promoted before a split.

The 93-year-old promoter was asked about a fantasy match-up between Crawford and Mayweather by ES News and confidently backed the current champion.