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.

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.

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.

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.

The overlooked power behind Mayweather’s boxing stardom

Floyd Mayweather Jr. is often hailed as one of the greatest boxers of all time, but there’s a key figure in his rise to stardom that often gets overlooked. While Mayweather’s talent and hard work are undeniable, there are others who played a pivotal role in shaping his career. One such influential figure is Bob Arum, the renowned boxing promoter.

In a recent conversation with Matt Lenihan on Boxing Social, boxing journalist Gareth A. Davies shed light on the significant impact of Bob Arum in Mayweather’s career.

Davies highlighted a rare appearance of Arum and Mayweather Jr. together at a promotional event, emphasizing how people tend to forget the instrumental role played by Arum in shaping Mayweather’s career. He also pointed out that Oscar De La Hoya had a share in it as well.

Davies expressed, “You had Floyd Mayweather with Bob Arum who promoted him. Then you had those guys back together again and kind of talking around each other, just for that promotion. Obviously, they don’t talk. But people forget that Bob helped to build Floyd, you know. They really do forget that, and Oscar, by the way.”

It’s important to recognize that Mayweather Jr.’s early career was significantly influenced by Bob Arum’s promotional efforts. Despite the fact that Mayweather’s uncle, Roger Mayweather, played a crucial role in honing his skills, it was Arum who provided the platform for Mayweather to showcase his talent to the world. This partnership between Mayweather and Arum under the Top Rank banner was a defining phase in the boxer’s journey to greatness.

The partnership that shaped boxing history

Davies’ insights serve as a reminder that behind every successful athlete, there are often unsung heroes who contribute to their success. In Mayweather’s case, Bob Arum’s role as a promoter and mentor was instrumental in shaping the trajectory of his career.

As Mayweather himself once stated, “When I leave, I will be known as TBE, and that’s The Best Ever.” This statement reflects not only his confidence but also the profound impact of those who supported and guided him along the way.

The conversation around Mayweather’s legacy is incomplete without acknowledging the significant contributions of individuals like Bob Arum and Oscar De La Hoya. Their influence and support were integral in shaping Mayweather’s journey to becoming one of the most celebrated boxers in history.

A potential match between Gervonta Davis and Vasyl Lomachenko was supposed to be the next big match-up of 2024 for boxing fans. Two of the top boxers at 135 lbs were supposed to have a lightweight title unification in December. But the negotiations fell through as Lomachenko wanted to take the rest of 2024 off. There were similar issues when it came to other top fights as well. Be it in the case of Shakur Stevenson, William Zepeda, George Kambosos Jr., or even Devin Haney, the fights simply never moved past initial social media callouts. This has led many to claim that Tank has been avoiding top-level opponents for years. Or, maybe the promoters are to blame for the fights not happening.

This claim has now grown stronger with the announcement of Gervonta Davis’ next opponent for December. WBA Super Featherweight champion Lamont Roach Jr. will be moving up a division to face Tank on December 14 at Houston’s Toyota Center. Since the announcement, fans have been slamming Tank and his team for putting together another matchup no one asked for. This sentiment spilled over into an online spat when former Mayweather Promotions CEO Leonard Ellerbe decided to defend the upcoming bout.

It ain’t Gervonta Davis’ fault

The dispute began when Ellerbe responded to a compilation video featuring Lomachenko and his promoter, Bob Arum, sharing differing opinions about the fighter’s prospects. The video included a 2017 clip in which Lomachenko contended that a fight with Davis could only happen if Loma were to sign with Showtime, but as he was already with ESPN, the bout wasn’t possible.

One fan quoted the video and questioned how Floyd Mayweather was able to secure major fights with ease, while Tank Davis, despite having almost the same team, with Ellerbe too being a part of it, seemed to struggle to find top-level opponents.

Floyd Mayweather and Conor McGregor locked horns for one of the most lucrative combat sports events of all time back in 2017.

The pair engaged in a fiery build-up, trashing each other with insults, before colliding on the biggest stage of them all at the T-Mobile Arena, Las Vegas.

Conor McGregor, of course, was making his professional boxing debut, whereas Floyd Mayweather was entering the 50^th fight of his scintillating career.

Nevertheless, the UFC legend’s belligerence towards his more seasoned opponent made for a compelling promotion, with the world’s biggest stars all in attendance for the one-sided showdown.

Floyd Mayweather stops Conor McGregor with 15-punch combination

Before facing McGregor, Mayweather had already cemented his greatness as one of the best pound-for-pound boxers of all time.

After all, with victories over the likes of Oscar De La Hoya, Ricky Hatton and Canelo Alvarez, the American had very little left to prove.

Still, even after all the accolades he has amassed, the flashy slickster could not help but cash in on a golden opportunity to teach McGregor a harsh lesson .

And so, while the MMA fighter got off to a bright start in the early rounds, it was only a matter of time before Mayweather took control of the contest with his superior skill and experience.

But while McGregor made it into the championship rounds, he was hardly able to remain on his feet after expending all his energy in the first few rounds.

And then, with no real incentive to drag out the fight any longer, Mayweather got unleashed a blistering 15-punch combination to daze ‘The Notorious One.’

Soon after, the referee put a halt to the bout in the tenth round, with the multi-weight world champion securing his 50^th professional win while remaining unbeaten.

How much money did Floyd Mayweather vs Conor McGregor make?

Needless to say, both combatants were paid handsomely for their vastly different performances, with McGregor taking home $100m and Mayweather claiming the lion’s share of $300m.

Their dustup also generated the second all-time highest number of pay-per-view sales – 4.3m – in the US, coming just short of Mayweather’s historic battle with Manny Pacquiao, which set the record at 4.6m.

Floyd Mayweather Jr. is one of the richest athletes in the world and is not shy to show it off to the world. He has an elite collection of cars, jewelry, and clothes, and a few months ago, he added a second private jet to his collection. Mayweather unveiled ‘Air Mayweather 2’ earlier this year in July and since then, ‘Money’ has constantly flexed the $50 million luxury on his stories and posts.

On Tuesday, he once again posted a story with his private jet and broke the internet. The fans were impressed by how far Mayweather has come from his humble beginnings.

Floyd Mayweather showing his moves

The former lightweight champion uploaded a story on his Instagram profile from a runway, which featured his private jet in the background. Mayweather shouted, “Time to go,” as he strolled towards his private jet. Living life to the fullest, Floyd Mayweather loves to have a good time in life.

Before boarding the jet, he broke out the famous ‘Tarmac 2’ dance steps on the runway itself before confronting the camera again. He shouted, “Time to go. Let’s go,” once again in an excited tone as he was ready to get into his $50 million luxurious ride.

‘Air Mayweather 2’ is a tree sign of luxury, as it includes 12 premium luxury leather seats, gold-plated cup holders, and custom tweaks that feature the Nevada resident’s name alongside the fuselage. The die-hard Mayweather fans know how much he has worked for all this luxury and are proud of everything he achieved. They ensured the 50-0 undefeated boxer with love on his latest story.

Fans loved the little shimmy and reacted online to voice their opinions.

An inspirational journey

One fan thanked god for all the things he has awarded Mayweather for his hard work and wrote, “🔥🔥🔥 God is good, all the TIME!!! Continued Blessings 🙏🏽,” implying the fact that if you work hard enough, god will bless you sooner rather than later. And very few people have worked harder than the 5’8″ feet boxer.

Another fan, knowing the story behind ‘Money’, wrote, “An inspirational brother,” witnessing Mayweather’s journey from a poverty-ridden childhood to becoming ‘Money.’ His father was incarcerated for d**g trafficking and he had to live with his grandmother in a small apartment in Grand Rapids, Michigan. But ‘Pretty Boy’ dedicated his life to boxing and, in the end, became an inspiration for everyone.

Another fan wrote, “A cool dude❤,” after looking at Mayweather’s Tarmac 2 dance steps as he walked towards his jet. The retired boxer was nonchalantly pulling off what seemed like his ‘Jacob and Co. Rainbow Tourbillon’ watch, which includes an 18K white gold case set with 416 diamonds. The watch was exclusively made for ‘Money’ and is the only piece in the entire world.

A rather jealous fan wrote, “WHO CARES.. I DONT.. he’s not being me no money FOH another puppet,” implying he does not care what Mayweather is doing or not. Because in the end ‘Money’ only earns for himself and does not give back to the world at all. However, that statement is incorrect, as Mayweather has consistently supported those in need through numerous charitable organizations. Back in 2021, he donated almost $1 million to several charities. Since then, he has been constantly helping small businesses and the homeless.

Another fan who felt the retired boxer’s aura through video wrote, “🖤🖤🖤 Mayweather,” as he witnessed something that no other boxer can pull no matter how hard they try. What do you think about Floyd Mayweather Jr.’s $50 million ride? Share your thoughts in the comments down below.

A US court has upheld the ruling that Floyd Mayweather Jr., the former world boxing champion, must pay Zinni Media Concept Limited, a Nigerian company, $2.4 million in damages for breach of contract. 

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According to a statement from Alex Nwankwo, the company’s media executive, Zinni Media reached an agreement with Mayweather to make various appearances in Africa, including one in Nigeria, in June 2017.

However, the former boxer unilaterally terminated the deal without cause and refused to reimburse the company for the advance payment paid for the service.

Nwankwo claimed that Mayweather’s legal representatives implied that because the company was not based in the US, the boxer could not make any refund.

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“After several unsuccessful attempts to recover the appearance fees from the American boxer, the company instituted a legal action against Mayweather in 2018 where it alleged breach of contract, unjust enrichment and fraud against the former champion. We are grateful that two courts have granted a prayer by Zinni Media Ltd to impose terminating sanctions against Mayweather,” the statement reads.

In October 2023, a lower court in California ruled that Mayweather should pay Zinni $1,638,542 in damages, $721,881.32 in prejudgment interest, $16,270 in sanctioned attorney fees, and $285 in costs. The total compensation amount ordered was $2,376,978.

The lawsuit was filed in Clark County, Nevada, and it covers all the dancers who’ve worked at the club, which Floyd Mayweather Jr. co-owns with his sister, Deltricia Howard.

Floyd Mayweather Jr. is back in the headlines, this time being sued by a couple of exotic dancers from his Las Vegas strip club, Girl Collection. They’re accusing him of stiffing them on pay and even slapping one of them in front of everyone.

The lawsuit was filed in Clark County, Nevada, and it covers all the dancers who’ve worked at the club, which Mayweather co-owns with his sister, Deltricia Howard.

The dancers claim that Mayweather and Howard classified them as independent contractors instead of employees, which meant they didn’t get minimum wage for their hours.

On top of that, they say they were forced to hand over part of their tips and pay extra fees to other staff, which they argue is a violation of the Fair Labor Standards Act.

According to the lawsuit, Mayweather called the shots on when dancers could leave and even decided how much of their tips the club kept. The dancers also allege that both Mayweather and his sister threatened and intimidated them, especially after they tried filing a federal lawsuit last year.

That case was dismissed, but it’s back now in state court, with an added claim that Mayweather slapped one of the dancers.

The dancer who says she got slapped claims it happened on April 23, 2023, when she asked Mayweather about her pay. She alleges that Mayweather smacked her in front of other dancers, then followed her into the locker room, saying she couldn’t “take a joke.”