High-earning athletes often face significant financial challenges despite their substantial incomes, as demonstrated by Floyd Mayweather's situation where employees at his boxing gym protested unpaid wages despite his reported $10 billion portfolio and $1.1 billion career earnings. This case illustrates that financial success requires not just high income but also responsible money management, including timely wage payments, tax compliance, and sustainable investment strategies. The gap between public displays of wealth and actual financial obligations can lead to serious legal and reputational consequences.
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Mayweather IN TROUBLE After Employees EXPOSE Him For UNPAID WAGES After BankruptcyAdded:
I'm going to use this stuff. Okay.
Money team has no money. Residents here could see their property taxes hiked by anywhere from 9 to 20% because when everybody sits down at that bankruptcy table, they're going to have to give a little and go ahead and try and raise some money in addition to working out working out you know the numbers with their creditors. So the question I ask, we have seen this movie before. Boxers traditionally going broke. You know, they start off well so flamboyant with all this money and all these cars and they have businesses they invest in.
They they they're something special, you know, at least in their mind.
>> Floyd Mayweather is facing major backlash after accusations emerge from people working under him claiming they were never paid for their work. The controversy has now exploded publicly with demonstrations taking place outside his boxing gym in Hollywood, Los Angeles. Employees say they have gone weeks without receiving their salaries creating serious financial problems and frustration among the staff.
>> I'm probably going to use this stuff.
[music] Okay.
Money team has no money. All right, money team has no money.
The money team has The demonstrations took place outside the Mayweather boxing and fitness gym located on Highland Avenue where workers gathered to speak out about unpaid wages and difficult workplace conditions.
Several employees claim they left stable jobs to join the gym only to later deal with delayed and unreliable payments.
General Manager Sam Reboldin admitted the ongoing situation has taken a serious toll on her personal life. With frustration continuing to build, staff members are now reportedly exploring possible legal action under California labor laws.
Uncertainty I had to deal with conflict with my now wife because of me not figuring out where I'm going to do how where am I going to get money from to pay my bills. Like this is this is insanity, man.
Like [music] we've like numbers come here and try to offer us like, you know, we can help you out here or we can give you money or people gave us Chick-fil-A cards that we could try to eat food. Like, this >> [music] >> I did Fairness is fair, man. You got to You got to pay what's due.
This is all my more than just like pay at this point. It's like, come on.
You said, "Thank you."
How you doing? I'm a inner love community activist and a former trainer here at Mayweather Boxing and Fitness in Hollywood. We're out here today because we're spreading awareness around inhumane conditions that are uh taking place within a working Floyd Mayweather has always pushed the idea of independence, business ownership, and creating generational wealth. Over the years, he has repeatedly spoken about wanting his children to continue building the empire he created and elevated even further. His business portfolio stretches across multiple industries, including Mayweather Promotions, The Money Team brand, and major real estate ventures. Mayweather has also revealed ambitions of purchasing an NBA franchise and investing in luxury skyscraper projects, further proving his focus on expanding his financial empire far beyond boxing.
Yeah, you you I'm with Floyd getting a check. I get a check from Floyd.
But, I want to push you. Have your own business while you traveling the world with me and we laughing, we kicking, and we joking.
You got a company where you making money also.
>> [music] >> So, if if something go wrong and you're not with me no more, you don't have nothing bad to say about me cuz I put you in a position to become an entrepreneur or or to become Floyd Mayweather, famous for his undefeated boxing career and the nickname money, has built his entire image around luxury, massive wealth, and nonstop success. But, recent controversy has started raising serious questions about the reality behind that image, exposing a growing gap between the lavish lifestyle he publicly displays and the financial issues now surrounding him.
whole persona is money, money, money, money, money, and [music] you don't get paid. Well, that's exactly what it is for employees of Floyd Mayweather.
Employees of his Los Angeles gym accused Floyd Mayweather of bankruptcy after failing to pay them. I mean, he's still buying stuff. Portfolio valued at 10 billion including 18 office buildings spanning I mean, he can do all this, but he can't pay his employees' salaries.
10 billion dollar portfolio, 18 office buildings spanning 10 million square feet. Like, what? Another deal he finalized with a 20 million property in Manhattan. Financial troubles. Despite these high-profile purchases, allegations of unpaid wages at Mayweather's Los Angeles gym have sparked significant backlash. Employees claim that they haven't received paychecks, prompting a public protest outside the facility on Highland Avenue.
One protester held a sign accusing Mayweather of modern modern-day slavery, while another noted that the money team has no money. Even if you work for a different company, and if you ain't getting paid, you're scared to show up and say something because you know how businesses do. They silence you and they fire you. The employees alleged violations of California Labor Code 210, which mandates penalties for late wages.
First-time violations can include fines between 100 to 200, and unpaid wages beyond the 30 days entitled work to a full day pay for every day delayed. That is crazy. Money Team ain't got no money.
Apparently, it's not the first time, too. They had one in El Cobre, and it closed down cuz the landlord sued for a non-payment of 30,000 in rent. Now, the LA gym facing closure, employees are questioning whether May >> Floyd Mayweather, known worldwide for his extravagant lifestyle, recently added a 30 million dollar resort-style mansion to his collection, reinforcing his image of extreme luxury and success.
This latest purchase expands an already impressive real estate empire that includes high-value properties in Beverly Hills, Las Vegas, and Miami.
Even as financial controversies and claims of unpaid obligations circulate around him, Mayweather continues to project wealth through major spending and high-end investments.
>> [music] >> His lifestyle remains defined by luxury cars, expensive estates, and constant displays of financial power, keeping him firmly in the spotlight for both admiration and criticism.
Despite carrying heavy financial responsibilities, including outstanding taxes and debts, Floyd Mayweather has continued his habit of lavish spending.
In October 2024, he purchased a $42 million real estate portfolio in Upper Manhattan, which includes more than 60 buildings and over 1,000 affordable housing units. Mayweather stated that he owns the entire portfolio independently, without any partners, and described the deal as a calculated step to grow his real estate empire. Mayweather up until recently didn't have any money. So, Floyd is the highest earning athlete in his career, making over $1.1 billion.
And after making a killing, he ended up retiring in 2017. However, he dug himself into a hole after making super lavish purchases like this LA mansion.
It was so bad that he actually owed $22.2 million to the IRS, which made him have to come out of retirement to pay that back. Like and follow for Floyd Mayweather has repeatedly denied claims regarding tax problems, arguing that they are part of a biased media narrative. He states that he paid $26 million dollars the IRS 2015 and disputes reports suggesting any wrongdoing or outstanding issues.
Mayweather insists that his financial empire remains strong and claims the media has misrepresented his financial situation. Especially when it comes to the media in this country.
While everyone is counting my money and assuming the worst, these are the facts. Uncle Sam received 26 million dollars from me in 2015.
What else could they possibly want? I'm sure I would have been notified much sooner if there were any real discrepancies, right?
Bottom line, everybody just wants to be part of the Money May show, including the IRS.
That's fine. You can crunch numbers all day, but in the end my empire is rock solid and intact. Now calculate that.
#TMT #FloydMayweather Despite carrying significant financial obligations, including a reported 33 million dollar debt linked to boxer Gervonta Davis and other outstanding liabilities in Dubai, Floyd Mayweather has continued his pattern of lavish spending.
Damn Floyd Mayweather, Money Mayweather.
What they got you up under the gun again on 25 million in taxes? Hey man, you know stuff about to get real for you Floyd man, because you already owe Gervonta Davis 33 million that you ain't paid him. Do anybody find this strange that your boy Floyd is on all the IRS money, on Dubai money, on Gervonta Davis money, but yet we have all this stuff that all that flash that y'all see. What y'all realize man, he get a lot of that stuff free. Now guys, I'm not hating because that is my favorite boxer man, and like I said, I'm born and raised in Las Vegas and I love his grind. He's a hell of a fighter, but man, hey man, let the chips fall where they may man.
Everybody can get it on my channel. I'm just putting out that news man, like the feds is putting it out there because the feds is all in that, man, business right there, man. How you want all these millions? But, man, stay tuned for that next >> Floyd Mayweather's preference for luxury has had a noticeable impact on his financial situation. Known for his extravagant lifestyle, he regularly spends on high-end cars, private jets, and expensive properties. This level of opulence has also been linked to significant tax liabilities, including an unresolved $7.2 million from 2010 and a reported $22.2 million debt from 2015.
Despite these financial obligations, Mayweather continues his lavish spending habits, raising questions about his money management. Critics argue that his approach reflects a focus on luxury over resolving outstanding debts, highlighting the risks of living beyond one's financial means.
>> Man, you know, we both made some real money, but you know, you start burning through You make two, three million dollars a year, you burning through a hundred thousand a month, you ain't really got that much money.
He probably spending way more than that.
>> regular dudes. Like, yeah, we Say we make three million, we burning through a hundred thousand a month, we really don't got no paper like that saved up. So, even if he's making a hundred million, if he's burning through five, six, seven million a month, you still got taxes, you still got responsibilities, so >> [music] >> we don't we I don't know nobody's bag, but you know, me and you we real, we never count nobody paper, so I hope he got ten billion, and I hope he get out of his problem. That's a fact, cuz you would figure he should be able to just cash them out. Like whatever the tab is, >> [music] >> you know, he should be able to wire that. Yeah, he I think he could do that with no problem.
I think he got all the money in the world. I think they may not Floyd Mayweather is well-known for publicly boasting about his wealth. One of his most striking claims is that he earns three million dollars every month, a figure he has even suggested surpasses the income of tech billionaire Bill Gates. While such statements have been widely met with skepticism, they highlight Mayweather's tendency to make bold and exaggerated assertions about his finances. Financial experts have largely dismissed these claims as unrealistic, citing the lack of clear transparency regarding his actual income sources. million dollars a month, which is 3.6 billion dollars a year. He makes more money than Jeff Bezos, you know, a Bill Gates, all of those guys. So, I say all that to say this, the money that Canelo was looking for, you know, they can easily come up that money. Floyd Mayweather got it.
Well, listen, let me put it this way to you. If he makes he if he makes What is it? What did you say? 300 million a month? Yes, sir. Okay, I'm 6'4" and 240.
And I know I'm 5'8" and 1/2 and 240.
So, there you go. There's no way.
There's If he makes 3 million a month on his investments, that's a lot. 36 million a year, that's a lot.
So, I know guys that are worth you know, you know, 5 to 600 million dollars, plenty of them, and they don't make 36 million dollars a year, let alone 300 >> Oscar De La Hoya, a former world champion, has been vocal about Floyd Mayweather's reasons for taking certain high-profile fights. He claims that Mayweather came out of his rock crawling, a phrase he uses to describe stepping back from the spotlight in order to face big-name opponents like Canelo Alvarez and Conor McGregor, primarily for financial profit. If he really wants to come out of retirement and crawl under his rock, then call out Canelo once again at 160, okay, 100 lbs, 160 lbs. Call out Canelo and do the rematch, and that's it. You think he's talking this trash because he wants the rematch? Do you think he actually wants Absolutely. You think he wants the rematch?
>> Look, another reason why he's crawled out of his rock, he needs money.
You think he needs money?
>> Absolutely.
>> He's always flossy. It's absolutely he needs money. Once again, >> come on. Fighters like that always go broke. He's always spending, so I guess Absolutely. Look, he's not fighting anymore, so that big money's not coming in. Look at Look at what happened to Mike Tyson. He He made what? $500 million?
You think you can't spend $500 million overnight? Absolutely.
>> I doubt he'll ever step into that ring.
Floyd's a big freaking He called it one of the easiest win of his career.
Yeah, cuz he was 21 years old. Of course. If I If I fought freaking If I fought uh Ryan Garcia, who's 19 years old, what am I going to do? I'm going to beat him easy cuz of my experience.
>> in his prime, he goes down, you think?
Uh easy. What's your message to Floyd?
Floyd, stay under your rock.
>> Mayweather's affinity for luxury is well documented, and his $18 million Jacob & Co. Billionaire Watch stands as a clear example of his extravagant taste. The custom-made timepiece, encrusted with 260 carats of emerald-cut diamonds, reflects his strong preference for opulence. Purchased in 2018, it is just one of many symbols of his lavish lifestyle. Despite reportedly earning over $700 million during his boxing career, Mayweather has still been linked to financial controversies and challenges. Allegations have surfaced regarding his involvement in a $42 million scam, while his high-profile spending, such as reportedly buying a $1 million Super Bowl ticket, has also drawn criticism.
>> $1.8 million watch.
>> $1.8 million watch. $1.8 million, dude?
You're the first to see it. That's insane.
That >> [music] >> 1.8 is high. Ooh. 18 life.
That Happy Birthday, champ.
That's how we do it. 1.
>> [music] >> That is sick, dude.
What you going to You're going to show him what he's saying? Money green. No, hold on. Hold on. Hold on. Hold on. This watch was made specifically for the champ, Floyd Money Mayweather.
One of one piece. Let me see uh a sick bag.
>> One of one Money team.
Can we see it on him? Yes, sir.
That one of one $1.8 million.
Is it cuz it's a one of one?
I love that.
Even amid reports of financial strain, including alleged tax obligations, Mayweather continues to display his wealth through high-end purchases. He has been seen acquiring private jets and regularly showcasing his luxury lifestyle on social media. Critics argue that this behavior reflects a concerning lack of attention to financial responsibilities, as he appears to prioritize public displays of opulence over addressing potential liabilities.
Let's talk about Floyd Mayweather's wild ride in the world of wealth. One minute, we're hearing about financial troubles, the next he's dropping $402 million on Manhattan real estate. But hold up, plot twist. Now his LA gym employees are protesting, claiming they haven't been paid. Is the Money Team really out of money? Meanwhile, Mayweather's still flexing, snagging a $20 million property in Midtown. What's the real story here?
Is he a real estate mogul or facing a cash crunch? And the biggest question, does Floyd even know what's happening at his gym? This financial roller coaster is giving us whiplash. What do you think is really going on with Mayweather's millions? Drop your theories.
>> Floyd Mayweather often showcases his private jet on social media, offering fans a glimpse of its lavish interior.
He has highlighted the aircraft's spacious cabin, which features luxury seating designed more like a high-end lounge than a traditional plane.
We are headed to Miami, baby. It's your man, Floyd Money Mayweather.
It's Air Mayweather. We're on our way to Miami. Come with me.
What's up? It's your man, Money Mayweather, coming to you live. And you know, right now we on Air Mayweather.
You know, we like to call it the jet, Air Mayweather, because you know you know, when it's my time, it's money time. Everything we do, we do it over the top, exclusive, big news, massive.
So, you know, I just slowly pull the money out the bag.
And you know, so right now, you know, with the money team. I had I know my man Rick right here, he chilling.
But he don't say much.
So, it's nothing, you know, it's nothing like riding on a uh Air Mayweather.
He got his private jet.
And you know, you know what we do best.
You know, that's that's 700,000. That's 700,000.
That's 700,000 right there.
You know.
And with this we make, you know, this 300,000, that's a million dollars.
Million dollars.
>> In an effort to secure his financial future, Mayweather has shifted some attention toward income-generating investments. He has publicly stated, "Money doesn't make me. I make [music] money." Emphasizing his view of money as a tool for building wealth rather than a final goal. However, this shift in mindset has been overshadowed by continued scrutiny over his unresolved tax obligations and debts. While he is reportedly pursued assets such as real estate investments through partnerships with firms like SL Green, questions remain about the long-term stability of his overall financial strategy.
Different things that I'm doing, you know, what I'm working on right now in New York City. I know you guys if you guys haven't seen one of my buildings is One Summit, you know, um Yes. You know, it's the tall Actually, it's one of the the tallest commercial buildings in the world. So, just in New York alone, I got nine skyscrapers. Yeah.
What's the address of that building?
So, what I'm working on, I want you guys to know this. I got a casino coming to New York City in Times Square. Wow.
>> you part of that? Yeah.
>> Clap it up for that. That's incredible.
It's big. It's big. It's huge. I just saw that uh Caesars. Yes, I got a casino um SL Green is a company that I've been working with for so many years.
And Andrew Mathias, you know, great business guy.
This is what he told me one day. We took a walk. We was in New York. We was taking a walk. He said, "You see that building right there?" I said, "Yeah."
We said, "We own that. You see this building? We own it." So, we was walking and walking. Then he said, "You know, a boxer makes money when he boxing.
A football player makes money money when he playing football. Basketball player makes money when he playing basketball."
He said, "But New York real estate, you make money when you sleep." Mhm. So, >> Yes.
That's a bar. That's a big one. So, I said So, I said, "Okay." So, we start we start I started off something small with him. Boxing promoter Eddie Hearn has commented on Floyd Mayweather's financial situation, suggesting that despite his reported wealth, Mayweather could be facing financial strain.
According to Hearn, Mayweather's lavish lifestyle, marked by expensive purchases and constant displays of luxury, may have contributed to potential money problems. His remarks imply that Mayweather's continued pursuit of an extravagant lifestyle, combined with reported debts, could eventually put his long-term financial stability at risk.
Yeah, I'm I'm I mean yeah.
>> ever. I think I think that >> [music] >> Mayweather was unquestionably one of the best ever.
But I don't know.
I mean, it's difficult to say he's not a true fighter because he fought everybody could have his era.
But he was a different kind of skill set, you know? He was very much hit and don't get hit, which is the art of boxing.
Um I think sometimes when these guys carry on and they do the exhibitions and all that kind of stuff, it just sort of diminishes the legacy a little bit.
Yeah, a little bit.
>> And that's what I feel feel feel like what's happened with Mayweather. Why do you think he does those things though?
Do you think >> For money.
But do you think >> I don't think he's got the money he says. That's [music] what I think. You think he still needs the money after all these years?
>> money. But you know when you got that lifestyle, right? That's it for today's video, so stay tuned. Until next time.
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