Floyd Mayweather truly is the money man. According to his latest figures, Mayweather pockets $300 million per month through smart investments.
The five-weight world champion, who stepped away from competitive boxing in 2015, says he’s still raking in cash.
At his first ballot induction to the International Boxing Hall of Fame, the 45-year-old revealed his income to audible gasps from the other attendees.
Floyd Mayweather – $300 million a month
“I will continue to give back to the sport of boxing in my time, and I will also give back financially because I got it,” said Mayweather.
“To my team, my guys in New York, and my other real estate team that’s here today, we can’t be stopped.
“In thirty-two months, I put myself in a position with a smart business team to make three hundred million dollars a month. It all started from the sport of boxing.”
Mayweather hasn’t always made those kinds of numbers. However, moving away from Top Rank in the 2000s was the beginning of a goldmine.
Showtime made Floyd Mayweather the first fighter to have a guaranteed six-fight contract with a minimum purse – no matter who the opponent.
From 2011 to 2014, Mayweather defeated Victor Ortiz, Miguel Cotto, Robert Guerrero, Canelo Alvarez, and Marcos Maidana twice.
Upon completion of that contract, Mayweather finally agreed to face Manny Pacquiao. This scenario is due to the pound-for-pound king wanting to finalize the agreement, which had a fixed term.
Mayweather knew he could negotiate a much higher deal for the Pacquiao fight. Therefore, he waited until Cinco de Mayo of 2015 to break box office records.
Selling over four million on Pay Per View, Mayweather made hundreds of millions of dollars in one night. Pacquiao made a cool $80 million.
He equaled that feat two years later against Conor McGregor. But if what Mayweather says is genuine, he now makes what he pocketed in both fights every time he flicks over the calendar.
By his admission, though, he’s been out-scoring people in the money stakes since day one.
“I got into this sport, and I put the heavyweights out of business,” he pointed out. “Leonard Ellerbe is my ride or die. Twenty-six years, we stick together, and we will continue to ride together.
“That’s because I am loyal, and life is all about loyalty. Remember this. Everyone’s definition of loyalty is different, but mine is I am with you through the good times, the bad, and the ugly times. That’s who I am.”
WBN Editor Phil has over ten years of boxing news experience. Follow WBN on Twitter @WorldBoxingNews.