Even athletes who earn billions of dollars can face financial difficulties if they lack discipline in managing their wealth, as demonstrated by Floyd Mayweather's case where his extravagant spending habits, including multiple mansions, private jets, luxury cars, and jewelry, combined with poor financial decisions like gambling losses and questionable business investments, led to significant debt despite his estimated $1.1 billion career earnings.
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How Floyd Mayweather Went From Billionaire to Broke本站添加:
We back, man. How Mayweather went from being a billionaire to being broke, y'all? They saying ain't no more money team. They say the money gone. They say the jewelry at the pawn shop. They say y'all y'all Mayweather got to go work at Starbucks.
>> [screaming] >> They say some lady he was talking to that was a stripper, baby mama she didn't got him for all type of child support.
>> [screaming] >> It's all over with, man.
They don't took all Mayweather money.
That Mayweather supposed to be fighting Mike Tyson in a exhibition. We don't want to see that. We don't We don't we don't even really want to see that. They keep that. I ain't going to lie to you.
We thought we [music] wanted to see uh Jake Paul and Mike Tyson and and that was horrible, too.
But he also supposed to be fighting Pacquiao. But they saying it ain't going to be a real fight. It's just going to be a exhibition fight. I don't know. But I think now a lot of people looking at it like they not even trying to do business with Mayweather cuz he broke and they feel like he just doing anything for a cash grab.
So what we going to talk about today is is how Mayweather went from a billionaire to being broke. Let's get right into it.
>> Floyd Mayweather's broke.
>> Not many people could spend 1 billion.
If anyone could, it's this guy. Floyd generated that throughout his career and now it is legal battle after legal battle and people are claiming that he's broke.
>> My guy is in financial straits. You know, he >> [laughter] >> was very flamboyant and flashy with a lot of his money and it almost seemed like impossible even if he lost a lot of it. How can he actually go broke? Well, I know he lost 8 million on a house in Vegas, 54 million in loans. Another house of his just got foreclosed on. He sold his plane. Logan Paul says he owes him like 1.2 million. He also owes Dubai royalty money. Um he's underwater with the IRS.
>> Many people claim that Floyd is lied a >> If you owe Dubai and THE IRS >> FIGHT!
>> YOU DONE, BRO. The hell you mean you owe the IRS and Dubai, [ __ ] No, you supposed to pick one. You You can't owe both of them. If you owe both of them, man, you broke, man. It is what it is, man. [ __ ] broke just ain't got it.
>> Hey, Lord, and even at times scammed his own audience for this flashy lifestyle.
>> We got options, options, options.
>> It's just the lifestyle that Floyd live.
>> Yes.
>> I think he can't fathom to just live a modest lifestyle. It's like he got to be lavish.
>> Right. He's got to have those videos where he shows you all the watches, where he opens the case up, you know.
>> the money he got to >> Yeah.
>> show that he got a million dollars in his backpack and >> Yeah.
>> You know, he got the latest watch and the latest car.
>> And looking back at their friendship now, one thing we can say again is 50 Cent was right. And you will find out why he was correct about Floyd at the end of this video, but he had said this.
>> You think he should step back in the ring?
>> I think he got to right now because the money gone.
>> So, the money's really gone?
>> Yeah. That's What you think? Is fight, get the money, spend the money, fight.
>> All that money?
>> Yeah, that It took It's been two >> Fight, get the money, spend the money, fight, do it all over again. That's why they saying right now a lot of people is not even trying to do business with him cuz they know he broke. He just cash grabbing at this point.
>> He is.
So, is it just his overhead is so high on a day-to-day, month-to-month like >> I don't even I don't even want to talk about Like like with that lifestyle, that money's gone, trust me. Now it's like >> [screaming] >> you call him, he'll be at your you know, your local host.
And in a nightclub cuz he he needs that action right now.
>> Floyd Mayweather come from absolutely nothing. Seven deep in a one-bedroom is something he says a lot about his family growing up.
>> I come from seven of us lived in a one bedroom, no water, no heat, and I beat all the odds. You know, when I was a little kid, my dad was holding me, he got shot. You know, my mother was on My dad went to prison. And one day I was at my mother home. And you know, my mother was barely able to make ends meet. And I seen her struggling. I can remember I was in the 12th grade.
I came home from from school and I said, "You know what I'm going to do? I'm going to take a chance." And I took a chance and um and it paid off.
>> But something you cannot buy is the heritage of a boxing family. That Mayweather name. His father, Floyd Mayweather Sr., boxed, his uncle, Roger Mayweather, boxed, and of course, Jeff Mayweather as well. Floyd Mayweather started boxing at the age of just five and he was running apparently 6 miles as a kid. He began his proper training by age seven, being fitted with his proper pair of gloves and regularly training >> That's why he don't never lose. He been boxing since he was 5 years old. That's why he undefeated now.
>> Fight!
>> at his neighborhood gym.
>> First I want to thank the good men of Shields for giving me this opportunity to win the national championship. And second second of all, I want to thank my father.
>> He's the best in the Midwest, I must confess. For all the rest, there's no contest.
>> You see now the next in line is Floyd Mayweather's grandson, who he trains with regularly. Difference is that Floyd Mayweather didn't >> He going to be fighting real soon if Mayweather can't get back in that ring.
HE AIN'T GOT NO MONEY. YOU GOT to put him in there now.
HE AIN'T GOT TIME to grow, go to the go go to the Olympics. He ain't got time for no amateur fights, none. He need to hit the pro stage right now. We need to bring the money back in.
>> have a choice. It's what the family say cuz he grew up with absolutely nothing.
>> Why do you think Floyd was so good at fighting?
>> [music] >> When somebody is taught something very, very young, >> Mhm.
>> that's the one thing that they hold on to. No matter what they do in life, that one thing that they were brought up on doing, >> [music] >> it's basically going to always be there for him.
>> Do you want it to fight or it [music] was just natural choice?
>> Well, he had no choice. He had no choice because he was too young at the time to choose anything.
>> Right.
>> It was him dad making that choice for him. It was dad trying to make him what he did.
>> Yeah.
>> One of the best fighters ever lived.
>> So, if you discouraged right now, you don't think it's possible, look at this house.
Could you imagine his grandmother raised at least 10 grandkids in this house plus her own children.
In this house.
Back there is the kitchen. She cooked a lot of meals.
And she raised a champ.
>> Hell no, folks. Who burnt up that house?
What happened to the house?
>> That's why he was so crazy about his grandmother.
Out of all her grandkids, she wouldn't let him work.
She told him it was something special about him.
>> It's safe to say that Floyd Mayweather's grandmother was absolutely right cuz he excelled as an amateur. Multiple Golden Glove titles, the US national champion, bronze medal at the 1996 Atlanta Olympics. Obviously, the controversial semi-final loss. Many people thought he had won, but he had built his defensive shoulder roll style and pretty boy nickname for his slick, unmarked fighting. And he was destined for greatness.
>> You know, I got to live with it, you know. I'm going to go take my bronze medal, you know, and go home, you know.
And you know, it's time for me to turn professional, [music] you know. I can't deal with this amateur boxing anymore.
>> Floyd Mayweather turns pro and gets a KO on his debut. He quickly rose with knockouts and won a WBC super featherweight title in 1998 in his 18th fight via a TKO of Hernandez. And this was his first major title. His early purse for this title fight was over 100K, which he said then was life-changing.
>> The best feeling I ever had was when I got a hundred thousand dollars. When you come from nothing, from poverty, from [music] nothing, and you get a hundred thousand dollar check, cuz a hundred thousand dollars at that particular time feel like a hundred million.
>> Absolutely.
>> But once you didn't receive a hundred million dollar check and fifty million dollar check check on a regular then it's just No, but what I'm saying >> So if the worst of the Mayweathers was boxing, did they blow their money, too?
Y'all just BEEN BLOWING MONEY FAST AROUND THIS [ __ ] THEY HAD MILLIONS WHEN YOU WAS YOUNG, [ __ ] THE ROGER MAYWEATHER, THE the Papa Mayweather, that What's their box I got to go see what their boxing records like. CUZ IF THEY ALREADY HAD THE MILLION, you should have already had a million.
>> And when you receive that first one >> The hundred thousand dollars felt better than a hundred million.
>> [music] >> Because that was my first check.
>> Floyd Mayweather defended his super featherweight title multiple times and moved up to lightweight and won the WBC and Ring titles in 2002. He won the light welterweight titles and the welterweight title when key fight like Diego Corrales in 2001, and Arturo Gatti in 2005 with his first major pay-per-view. And this was now life changing money. The big fights with Zab Judah. And the huge paycheck that changed him forever was the Oscar De La Hoya fight in 2007, where Mayweather earned around 25 million.
>> But you throw a lot of money around, don't you?
>> Why not?
You can't take it with you.
>> [laughter] >> I mean, there's no brick >> Why not, [ __ ] >> pulling pulling up at the funeral home, so I mean enjoy you got to be able to enjoy your money, but and make your money work for you.
>> Call PMCs the day, live every day.
>> Absolutely.
>> That's Floyd Mayweather's strategy.
>> My strategy is to I'm a hustler.
I'm a hustler, no matter what how you look at it. Just because every Just because I may wear diamond Just because I may wear diamond necklace or a big diamond ring because another guy may He wear a ring on his ring finger and he's no he's he's no better than than I am. He's doing the same thing I'm doing, but he's just sweeping his dirt under the rug. And mine is out in the open.
>> Money doesn't make people happy, but you've got to have a lot of it. And are you happy?
>> [laughter] >> Am I happy?
>> I ain't going to lie to you. All that money don't make you happy. That's probably one of the biggest lies I ever heard. Listen, let me tell you something.
Money probably won't fix everything.
But if you've been broke before, you know goddamn well you need both, [ __ ] You You got to have that money, man. You got to have SOME MONEY OUTSIDE.
IT'S IT'S IT'LL PUT A LITTLE BIT MORE SMILE ON YOUR FACE.
Cuz if you broke, ALL YOU CAN THINK ABOUT is getting some money. But if you got SOME MONEY, THEN YOU CAN BE able to smile a little bit around the spot.
>> Absolutely. I'm happy because my children are happy. I'm happy because my mom is happy.
I'm not happy because of the money, cuz I was happier when I didn't have the money.
>> As he was becoming a pay-per-view attraction, the purses grew to millions per fight. By 2007, his net worth was estimated >> Hey, yeah. He sucker punched buddy.
>> [laughter] >> Knocked him out. STRAIGHT SUCKER PUNCHED HIM.
>> [screaming] >> AND at $38 million already, he then starts doing his own self-promotion via Mayweather Promotions founded in 2006, which allowed him to keep even more revenue. But he was apparently spending around $1 million a day.
>> And he I guess he did some bodyguard work for for Mayweather. And he said he's seen Mayweather spend like half a million a million a day sometimes.
>> On what though?
>> Flying private everywhere, going on massive shopping sprees, having girls all over the place that he's supporting, like having multiple mansions.
>> Goddamn.
>> Yo, Mayweather Have you ever seen Mayweather fight?
>> May May know sitting there like I don't know nothing ABOUT THAT.
>> [laughter] >> I DON'T KNOW NOTHING ABOUT THAT, VLAD.
WHAT you mean?
Hell, [ __ ] What the hell you mean?
Multiple mansions, private jets. I don't know nothing about that, Vlad.
>> Like commercial ever in life? Have you ever seen Mayweather at an airport? I have not. I've seen his security at an airport on a plane with me in first class.
>> Mayweather was spending a lot of money, but he was making a lot of money. The pay-per-views just kept growing. His net worth surged. By 2015, he was worth an estimated $350 million plus with the massive record-breaking pay-per-view fight with Manny Pacquiao. The fight in 2015 between Floyd and Pacquiao recorded 4.6 million pay-per-view buys, 410 million generated, and over 70 million from ticket sales. This guy was flossing $100 million checks that he hadn't cashed yet.
>> Y'all don't know what A $100 MILLION CHECK LOOK LIKE. I CAN SHOW YOU.
>> TO TAKE HIM TO THAT 50 AND 0, August 26, 2017, he beat Conor McGregor and apparently earned around $275 million, one of his biggest paydays. And this was meant to be his last fight and pushed his career earnings to over one >> Now, if you got that off of one fight and you already had 100 Ms off the other fight, [ __ ] how you really blew through a billion? That's crazy, bro.
>> billion.
>> I bought myself out of my contract from Top Rank for $750,000.
When I left them, the McGregor, the Pacquiao, and the Canelo fight, I made 750 million just with those three fights.
>> How much money has he made from boxing?
There's a staggering number that he's earned an estimated $1.1 billion in his career from boxing.
Like the idea that Floyd could ever be broke just sounds absolutely ludicrous.
Because no matter what habits you have, like you know, some people there's >> Look, I ain't going to lie to y'all.
Don't ever forget this cuz I got to get I got to say this right now.
I don't know what it is, bro, but for some strange reason when you got a thousand dollars it it could disappear like that.
But when you GOT FORTY DOLLARS, >> [laughter] >> THAT FORTY DOLLARS LAST A LITTLE BIT LONGER. We got to work on We got to work on making them thousands last a little bit longer around this [ __ ] that Floyd Mayweather, bro. You know the economy bad. Mayweather, bro, it's rough out here.
>> There's people that says, "Yo, if you give them five ten million dollars, they could never spend that money throughout their life their life their lifetime."
>> Well, Floyd Mayweather didn't retire and go off into the sunset with these massive billion dollars in his bank account. He just continued fighting. He fought in Japan in an exhibition and got a good paycheck for that. He fought Logan Paul and end up taking all the money and not even paying Logan Paul for that event. He fought Dan Moore in Dubai. That was another exhibition he done before doing another one the same year in Japan. He then went on to fight Deji, a YouTuber. He TKO'd him in Dubai.
He comes to England at the O2 Arena and fights Aaron Chalmers. That went the distance against a reality TV star. The next year he fights John Gotti the third, which ended up having a >> While he had all these no-name fights >> [music] >> the money SHOULD STILL BE UP THERE, [ __ ] HE SHOULDN'T be broke. HE FOUGHT ALL THESE no-name people for He got way more money fighting these no-name people than he did climbing the ranks in boxing. SO, THE MONEY SHOULDN'T BE GONE. THE MONEY MAN, where the money at, man?
>> He rematched him as well. So, Floyd Mayweather done numerous exhibitions after he retired just to maintain his lifestyle.
>> It was crazy that everybody keep asking me "Why you not coming back to fight? Why you not coming back to fight?" So, I look at the fight game. I said, "Okay."
I said, you know, fighters fight, and they make 3 million, 4 million, 6 million, 7 million.
Some may make 10 or 20 million, but I'm I'm doing exhibitions and I'm making 20 25 million, 100 million for exhibitions. So, why would I come back and fight and get a guaranteed 35 million when I'm doing exhibitions and getting 100 million?
>> But for him, the exhibitions made sense because he would fight these people and even if the worst thing happened and he lost, they wouldn't even go on these records. So, to him, he's not even damaging his legacy. Even though a lot of these events, there's no way they recoup the money after paying Floyd big chunks. It was the people [laughter] throwing it that would put it up.
>> It wasn't nobody there.
He don't got all them other people.
They went and got the bag and ran off on them people cuz that's the people he fighting. These [ __ ] are no-names and he coming, he's supposed to have a name, but the people in the mother place, they don't know who the hell he is. So, then they show up and they like, "Okay, well, this guy's just beating up the other guy. It's one guy we don't know beating up another guy we don't know."
Crazy, bro.
>> And these promoters were shooting off to keep giving Floyd Mayweather money hoping they would recoup. I'm pretty sure none of these exhibitions even did cuz there's so little interest in the people that he's fighting. So, it's not him putting the risk up for these events. But now, as we get into the next segment of this video, we're going to talk about how Floyd Mayweather now is going to be risking his 50 and 0 record and making a comeback for the money.
>> Floyd Mayweather is what, damn near 50 years old? He has three fights this year. Why? Why is a retired man that's been retired for quite some time has to go back to fighting?
>> Well, you you can speak on this because you're the real estate mogul. I heard of some [ __ ] in New York. Said he put a lot of money into that, bro.
>> The lifestyle that he lives is not sustainable. It's hard to maintain. 500K in a day?
>> Every single day.
>> I don't care if I'm a billionaire I'm not doing >> if you're a billionaire, fam.
>> I'm not doing that.
>> Clearly, you need some bread, bro.
>> So, it's like portraying this lifestyle, I got this, I got that.
>> Which is cool. Everybody wants to have good >> I can't see myself spending 500,000 to a million a day.
I'd be ready to go crazy if I got to spend over 500. So, I know I could I just couldn't even do it. I could not do it.
I couldn't do it, bro.
>> Good [ __ ] >> and live good, but that comes with a price tag. And they're selling this false narrative to sustain that lifestyle. It's not that easy, bro.
>> And you know how they say like you can't fly private forever.
>> I'm not doing it. I'm not going to spending [ __ ] 40, 50k to go to Miami.
While I can buy a [ __ ] first class ticket that cost me 1,500 or 1,000. Big difference.
>> I'mma humble myself. I'mma wait in the [ __ ] line.
>> Don't matter if you have hundreds of thousands, millions, or billionaires, it's the same principle. If you're not disciplined in managing $100,000, you're not going to be disciplined handling $100 billion. So, can we speak on it?
You damn right we can [ __ ] speak on it. Yeah, I'm not a billionaire, but I know how to manage millions because I've done it. So, if I know how to manage millions, what do you think what happens if I get a billion? I can manage a billion, too, because I know how to manage a million. So, at the end of the day, it's about discipline on how to manage your money.
>> Let's just say right now no one spends like Floyd. The average billionaire you might see in some nice suits and with the best things in life, but Floyd took things to a whole 'nother level. Let's just start with the fact that he doesn't wear the same thing twice. Often throughout his career, he leave bags of designer clothes and shoes around in hotel rooms for other people cuz he just refuses to wear the same thing. Added to that clothes was the jewelry that come with it. Floyd Mayweather has >> Oh my god.
Bro.
And I ain't going to lie.
I don't know what be with y'all. I ain't wearing the same thing twice. Bro, if I'm getting a fit, it's lit. I got to wear a lit fit at least 100 TIMES. Y'ALL WILDING.
>> IT'S ridiculous amounts of jewelry that he spent money on It's probably depreciating in value. Even spending around 17 to 18 million on one watch.
>> I take 30 watches with me. If we add 10 more days, I take 10 more watches. But then I say, "Get." If I want to bring out the one and only, then I bring out the watch that cost 18 million.
>> I can produce a watch today and put a retail price of a 20 million pounds.
Does it mean that watch is worth 20 million pounds? No. There's only one person in the world that is stupid enough to buy it. His name is Floyd Mayweather Jr. I could sell you a bottle of wine that I bought at local supermarket for a fiver and I say it's a 40 quid bottle and you'll still buy it.
>> Floyd Mayweather bought multiple properties all over the world. He said he invested in some real estate but he had these mansions of his own that he had to maintain. Each of these, of course, come with ridiculous amounts of cars that he would buy outright. Nothing on finance or lease that could make more sense as these would appreciate over the years. Floyd Mayweather just bought numerous cars for each mansion and filled up the garage looking like some real life GTA. And he's been doing this throughout his career and even after he retired.
>> All right, we can parade you.
>> Gentlemen, follow me. Follow me. Follow me.
>> How many cars you total?
>> Total? Probably 100. I got three garages. I park 40 cars in the inside.
There's [music] a place for black cars, a place for white cars, and then we got [music] trucks. In LA, LA a little wild.
The roads are really not good in LA. So, we normally just drive [music] trucks.
>> Do you walk into CarMax?
>> You got to get them somewhere. When you get to that elite level when you want cars, you already know what I want.
[music] I've already drove everything.
My guy called me and was like, "I got different cars. What you want?" Like, "Bring me four of them. Bring me Bring me that. Bring me that. Bring me that."
He bring them to me. And if I don't want them, I'm like, "Yo, send them back."
>> No. Ain't no bring it, bring it, bring it to me. No, I don't want them cars.
I don't want them cars. I do not want them cars, bro.
I do Bro, if I got If you see me with over 100 cars, I got properties doing millions. I'M >> [laughter] >> I'M NOT GETTING NO 100 CARS UNLESS I GOT properties that's doing millions daily, not yearly, daily. I need millions on the daily.
Oh man. Bring me four of them. I can buy whatever I want.
>> When the cash was flowing in, Floyd Mayweather was buying all the cars under the sun, but he continued doing it even once he retired.
>> You know this one right here cost me 4.8 million.
And you know I'm loving the retired life, okay, you know.
Still making seven figures a month for the rest of my life. Smart investments.
So I really want to thank Al Haymon.
>> That's a beautiful car.
So with all this, are you making money like that? You got no reason to come out of retirement then.
>> What is that? I got the you know that was 4.8, the watch was about 2 million.
>> Okay.
>> 1.8 on the car.
The watch 2 mil.
Ooh, they don't know nothing about that, bro. I don't I'm not Look, I'm not going past a thousand on a watch.
I'm not going past I do a hundred K on a car. That ain't That ain't I mean, a lot of the cars these days they starting right at 80 and 70. So I hundred K a car.
That's it though. Thousand dollars on a watch. That's it though. I'm not on 1.8 million on a car, 2 million on a watch.
No.
>> You know that's about 1.1.250.
I don't I don't know what to do. I don't know what to do. I do a little bit.
>> Yes, sir. I think they definitely earned the right to call that money Mayweather.
Definitely.
>> Oh, money Mayweather all day, you know.
>> Okay, and the money gone. Yes, sir.
>> Not just drivers, Floyd Mayweather has ridiculous amounts of security on his payroll. There's that iconic photos of him and like 10 security guards everywhere he goes. These are bills and stuff that you got to maintain month by month.
>> Boy, it look like all they do is eat Thanksgiving meals. They big as hell, boy.
Them [ __ ] in there feasting. [ __ ] in there feasting on Thanksgiving food.
They big as hell. He bought all them Thanksgiving food for they place and it ain't even Thanksgiving yet. He buying that food everyday.
What I have is paid for. My jet, paid for. All my cars is paid for. I own a billion dollar busi- buildings.
Everything is no longer paid for.
They're exposing him, if you don't know.
>> Often times people that are bad with money have bad habits, and Floyd Mayweather had two. He had a designer obsession. Sometimes people probably say he spent multi-millions in single shopping sprees. Not only that, Floyd Mayweather loved a gamble, often posting his winning bets to Instagram to make it look like he knew what he was doing.
But, we all know what gamblers do. They hide their losses in secret.
Everything's a facade on social media with most celebrities, but even Floyd has been pretty much proven now that he will promote anything. These crypto pump and dumps, he got in trouble. He had no idea about a project in crypto, and still just took money and made numerous posts about it that ended up in him getting actually sued for pumping crypto coins. And the founder later exposed how Floyd just took the cash and said whatever he was told.
>> At one point, you were getting celebrity endorsements. Uh one was DJ Khaled, hilarious, and Floyd Mayweather.
>> Yeah.
>> And he posted on his on his Instagram him taking this a cent- What do you call the Centra card?
>> Centra cards, yes.
>> cards.
And and going and buying purchasing something with his Bitcoin at a store.
>> Yeah.
>> He know- He did that knowing that it didn't work.
>> Floyd Mayweather doesn't know anything what is going on, really. So, like what was he >> We all know that.
>> Yeah, yeah, yeah.
>> The guy can't read, and you know.
>> Yeah.
>> How much did you guys pay him?
>> Like a million dollars.
>> He took that knowing or or not caring if it worked.
>> I don't It was just knowing not knowing, right? Like they didn't care. He does a million promotions like that. You speak to his manager, he's like, "This is Floyd's price."
And you send the money over, the manager makes his little cut from it, and he just says, "What do you want me to say and what do you want me to do.
>> Okay.
>> Right? And you just basically give him a script and he just does it.
>> Floyd Mayweather always spoke about investing throughout his career, but many of them investments that he done hasn't worked out. You've got the Mayweather Promotions. That didn't go to plan once Gervonta Davis left. They're not really a major player in boxing now.
And other things that he invested in like his strip club have debts that they owe out. And his real estate portfolio has come into question numerous times about what he actually owns.
>> No partners.
>> All by myself.
>> Over 1,000 apartments.
>> I'm just getting started.
>> For some odd reason, at the beginning of the year, Floyd Mayweather decided to tell us all that he bought a bunch of apartment buildings in >> [clears throat] >> Upper Manhattan. Everybody has found out that that wasn't true. Apparently, it's not that hard to figure out who owns property.
This is not an indictment on Floyd Mayweather as a boxer. He is one of the best boxers we've ever seen.
Anybody who is privy to Floyd Mayweather's antics outside of the ring knows Floyd ain't bought no god damn apartment buildings in no Upper Manhattan, bro.
>> Let me tell y'all something. New York expensive as hell. I'm not buying no real estate in New York, neither. [ __ ] it's >> [laughter] >> It costs way too much money. That stuff in New York costs way too much money.
Y'all see what them people be living in?
They be paying like 2,000 a month in New York living in a closet. Like, come on, bro. I ain't buying none in New York.
>> [clears throat] >> We knew that when he told us.
>> Mayweather went on this bizarre PR run saying that he bought 402 millions worth of New York properties as an investment to give back to his community and people looked into the public records and it turned out he may have been a small minority stakeholder in this overall investment, but he didn't do it by himself which he repeatedly said he did.
>> But guess what? All the millions belong to me. I don't have no partners. And all the retail down low on my buildings all belong to me.
>> There's other side quests he's done like Better Fight, launching his own brands, but none of these are actually stand out players. Floyd Mayweather comes across on Instagram like the best businessman ever, but when you look into some of these companies there's a lot of money that goes in but nothing really gets built that's sustainable. Like the gym franchise project he got involved in there was going to build gyms and use his name. It ended up that the staff wasn't even getting paid and was calling out Mayweather to support them. He completely disassociated himself from that project and there's numerous things >> Bro, when you out here doing big business like this, people that know you not handling your business for real, they going take advantage of you.
You got to move slow. You got to be real strategic.
You got to hire people around you that really know what they doing. If not, you going to be end up in a whole bunch of bogus business that's just going to cost you way more money when people get to suing you and all that type of stuff.
>> things like this has happened.
>> My name is William Basham. I I was a member at the Floyd you know, Mayweather boxing and fitness since late 2018. Uh always loved the gym, always loved the studio, big fan of Floyd. Um they offered me an opportunity to coach cuz I have boxing experience and I was like, "Man, this is going to be amazing."
And since I've been here it's just been a lot of false promises, a lot of stuff going on. I got promised a head position. I used to work a corporate job, quit my job to come here to for a better opportunity for myself and then I have to deal with unpaid wages on a consistent basis.
>> Floyd's all that and you couldn't get a better haircut?
>> [ __ ] >> [screaming] >> It's crazy. Go get your haircut first.
>> There's There's been times where I've gone over a month without getting paid.
I've literally I had to plan a wedding this year not knowing if my funds were going to come in today able to finance stuff.
>> Don't go to that wedding with your hair cut like that.
>> It's It's freaking ridiculous. Like everybody here we just sit here and we have to smile and we have to put up this front for all these people to for for what? For for our for for our sanity? For for us to be good? Like I mean like I I I just don't understand how a company that has a brand that has money can't just pay us on time. That's literally all we're asking for. I had to deal with depression. I had to deal with unsurety.
I had to deal with conflict with my now wife because of me not figuring out what 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.
>> Mayweather, if you watching this video, bro, uh send this man some money so he can get his hair cut the right way, man.
Yeah, he begged for He ain't got no money, man. Please send this Send him some money. I know they say you ain't got none, but I you got to have some somewhere.
Don't Don't tell me they gave it to you like that, Mayweather. You got to have some somewhere, bro. Find some money.
Send this man some money, man.
>> Like we've had like members come here and try to offer us like, you know, we can help you out here. We can give you money or people gave us Chick-fil-A cards that we could try to eat food.
>> Yeah, go eat, [ __ ] >> I just Fairness is fair, man. You got to You got to pay what's due.
This is not my more than just like pay at this point. It's like come on.
>> You're good.
>> That's why they say it's so hard nowadays to achieve financial freedom because making money, making millions, and even going on to make a billion is one thing, but keeping it is a whole 'nother level. And obviously Mayweather has admitted that he's already had >> I ain't going to lie to y'all.
>> [laughter] >> They always say like soon as you touch them thousands, your problem You think you just go get the thousands of [ __ ] bro. When you get thousands of dollars, you it end up coming with thousands of dollars of problems. What I mean by that? Whether be taxes, your your your car breakdown, your water heater go out, your your need a new roof, your whole house ain't that. You you you sitting on all this money next thing you know you look up it's a whole hole in the roof of your house. So I'm telling you, the more money that you get, and this is what a lot of people won't tell you, the more problems you going to get coming with that money. I I promise you. I guarantee you.
>> or guidance through Showtime and even Al Haymon.
>> I mean look at Floyd. Like Floyd spends money like it's a tap. Like he's got a tap just let's just like unlimited amount of money.
Let's money's just flowing.
>> That [ __ ] was spending.
>> And even as much money as he's made in his career, which he's probably made as much if not more money than any boxer ever, like there's all these lawsuits. Like he hasn't been paying things and he owes money on this and he owes money on that and it's like >> [snorts] >> and then he's got to come out of retirement.
>> Yeah. That's That's tough.
>> Yeah.
>> That's tough. I think it's just the lifestyle that Floyd live.
>> Yes.
>> I think he can't fathom to just live a modest lifestyle. It's like he got to be lavish.
>> Right. He's got to have those videos where shows you all the watches, where opens the case up, you >> All the money you got to show that you got a million dollars in his backpack and >> Yeah.
>> You know, he got the latest watch and the latest car and look what I just bought.
>> And when you get into the latest watches and latest cars, you get into that [ __ ] like boy, that money goes quick.
>> Yeah.
>> Bugattis are like 3 million. There's watches that are 3, 5 million. That's crazy. So you buy a watch and a car, you're down 10.
>> Mhm.
>> That's nuts.
>> When you reach the billionaire status, is when really you can afford a plane.
People like Kylie Jenner done it themself and Floyd Mayweather actually bought himself two planes, Air Mayweather and Air Mayweather two, and ended up actually selling his $60 million customized Gulfstream the Air Mayweather in late 2015. The aircraft was disposed as part of an asset liquidation to address his mounting debts. At one point it seems Floyd Mayweather had access to three jets in total, but people like Conor >> And they saying they don't know where that plane at.
>> [laughter] >> [ __ ] He tell me I don't know who he sold the plane to. The plane going to try Now the plane got a whole new wrap on it. It don't say the money team no more. It's going across the sky somewhere.
Mayweather don't even know where the plane at.
>> McGregor and Dana White could sense things were coming for him.
>> You look [ __ ] great.
>> I feel good. Training hard.
>> Feeling great.
>> Does Floyd not take out his own jet?
>> [laughter] >> Floyd got three.
>> Oh yeah. Yeah.
>> So Floyd So Floyd got three and he got tax UH >> TAX PROBLEMS.
>> [laughter] >> SEE WHAT HE SAID? AND AND WHAT ELSE HE GOT? HE GOT tax problems. Yeah, them taxes going to come FOR YOU, BABY.
>> OH, SNAP.
>> All right, Floyd.
>> That's heavy [ __ ] That's heavy [ __ ] >> It's hard to get out from underneath that.
>> [ __ ] right it is. Especially when I'm on TOP OF YOU.
>> IRONICALLY, FLOYD MAYWEATHER WARNED CONOR McGregor about going on spending spree saying he would end up on welfare and blowing his money.
>> Four years ago Conor was collecting welfare checks.
>> Oh, were you ever in that position?
>> And if he keep it on that spending If he If he be on a a crazy spending spending spree, he going to be back on welfare.
>> You think so? You think he's overspending?
>> I don't know. I mean, but you know, um Like today when I went to the boxing gym, I went [singing and music] there and in my Aventador that I own.
And if you go look at um all assets, those are cars that I actually own.
When you see my son driving, that's his Rolls-Royce.
>> Ironically, Conor McGregor has actually made smarter investments since that fight. Floyd has a lot of companies, but Conor's have actually sold for hundreds of millions. He's got big investments for his other companies even at the old Donald Trump. So he didn't actually need the advice. Floyd Mayweather should have taken his own advice back then. Now, when you just start purchasing at random, there's many fees that come with everything. Example, you buy a mansion, you got to maintain the grass, you've got the electricity bills, you've got cleanings, you've got staff.
>> And that's exactly why I don't want no mansion. Cuz you got to you got to pay for two 30,000, keep the grass up. What, man? I ain't doing all that, bro. It ain't worth it, bro. Your money going to go so quick.
>> You've got all sorts of things there.
And you've got cars in the garage that need their regular checkups. When you own multiple vehicles, there's expenses that come with it. But imagine having a literally collection of 50 cars or 60 cars and all different things you got to pay out for. You might slip one payment, it doubles or triples. And Floyd Mayweather has a lot of people around him, but are they maintaining everything to precise details? It gets hard when you own multiple things. There's so many different problems. Then before you know it, a bunch of people just start complaining. There were stuff that Mayweather wasn't showing up for, like he'd been paid for the event, he didn't turn up. They take him to court, win the battle, then he doesn't pay the legal fees, and things just start to mount.
Even Logan Paul, he done an exhibition with him and didn't pay him.
>> No, they don't make as much money as you think fighting for >> Did you get paid from that?
>> He still owes me a million and a half.
Maybe more.
>> How does he owe you the money? Why don't you just like >> Here's what happened.
He pre-sold the fight using my likeness to some company in I think Dubai or like the Middle East. This is my understanding of it. For $10 million cash.
We ended up doing the fight in the states with a different company.
That is the company that put on the fight. That is the company that paid But he sold our fight with my name and likeness to someone else in Dubai for $10 million cash.
It's our fight, bro.
Our deal was 15%. He got smoked me. So, I got 15% of it. 15% of $10 million is $1.5 million.
>> Mhm.
>> That company uh that uh paid him that money is suing him. I actually don't know the status on status on that lawsuit. I should check in because he still owes me money, but he has a bunch of legal trouble at the moment.
>> You and your brother be fighting. You should have knew better. He hit you with the okey-doke, see? Y'all just be so thirsty to do something. I'd have told Mayweather, "If my money got to come from you, I don't want it. If money got to come from you, then I don't want it, [ __ ] No, you cannot pay me, [ __ ] No, [ __ ] Cuz they say you ain't got it, nigger."
>> I don't I don't I'm I don't think I'm ever getting it.
>> And there were many different situations like jewelers calling him out.
>> One of the major New York jewelry dealers, I was hanging out with him at this guy's house. Cuz this guy spends millions on jewelry. So, this guy was there. Me and him got into a conversation. He said, "Floyd Mayweather is broke."
>> His spending has outpaced how much money he's making.
>> So, I talked about this on camera. I was like, "Oh, you're a hater. You're You're jealous of his money. You're broke compared to Floyd. Blah, blah, blah."
Well, recently IRS filed a $7.3 million tax lien.
>> That's when >> taxes from 2018 to 2023. For 5 years unpaid taxes.
>> When I saw that yesterday, I Now, I'm I was I'm the same. I thought it was all Yeah. BS for years until I saw the lien yesterday, too. The $7.3 million. Yeah.
I said, "Oh, this [ __ ] real."
>> This [ __ ] real.
>> He started to realize he could use his name to get things under a pay later scheme. And things just started to catch up with him.
>> Now, earlier we said that he made a billion. And that's the narrative that many people have said. But also a lot of people do not believe that. And it actually comes into question with the next thing that happened.
>> There's reports online that Floyd's a billionaire.
>> You think it's [ __ ] >> I know it is.
>> They're claiming he was doing 100 million a fight. And I'm claiming he in his whole career has made about 100 million.
>> No.
>> Mike Tyson to put in perspective when he fought Michael Spinks, that was the biggest fight of all time. When that fight happened, one got 30 million and one got 29. No boxer's ever made 130 million in one night.
>> A Google [music] search was saying 250 million against Manny Pacquiao.
>> It's a comical number. A quarter billion dollars to go and box? From where would he possibly have gotten that money?
>> It's pay-per-view buys, right? If you do 3 million pay-per-view buys at $60 >> Sometimes when you start running out with money, sometimes you're in denial.
You start looking around at how much you made and where it's all gone. And Floyd Mayweather did and decided to sue Showtime for 340 million over financial fraud and fight earning. Many people that are in difficult times financially will often sue to get some sort of compensation or a settlement. It says the 48-year-old retired athlete alleges a complaint with Showtime for a complex web of hidden accounts and unauthorized transactions and deliberate concealment of financial records wrongly paid some of his earnings.
>> Floyd Mayweather is suing Showtime and Stephen Espinosa for 340 million dollars. The basic gist of it is as follows. Haymon allegedly set up a series of bank accounts under his name and those of people working with him without disclosing the details to Mayweather. Mayweather alleges Haymon then began working with Espinosa to serve as a sort of financial middleman on the boxer's behalf. Instead of going to Mayweather directly, his earnings were deposited into Haymon's network of bank accounts, which he maintained with an associate named Jeff Morris. Those accounts would then transfer the money to Mayweather after deducting Haymon's cut. Those transfers were often short tens of millions of dollars by the time they reached Mayweather, according to the suit.
>> Dude, he made without endorsements over a billion dollars in fight purses. For him to be in this predicament where Business Insider is talking about how he's in debt to jewelers, plus the guy who is his current advisor has been charged and previously in various courts in New York and other places for forms of fraud. Maybe Al Haymon did steal from him. I do not know, but my spidey senses are tingling. It's just happening at a weird time in Floyd's life. He's doing it at a time where he appears to be uniquely financially vulnerable.
>> Yeah, I mean, why now? Why today? This is an event that happened 8 years ago, something along those lines.
>> More than that, really from 2013 to what, 2019 or so?
>> Yeah, it does seem like Floyd does not make very good decisions outside of the ring. Makes great ones in the ring.
>> This wasn't the only lawsuit he was engaging in. Interestingly enough, Floyd Mayweather was about to sue a media outlet for actually saying that he's broke and he's blown a lot of his money.
He was going to take him to court and sue him for a hundred million for ruining his reputation. The Business Insider spoke to multiple people close to Mayweather about his financial situation. Someone said he liked the tangible element of having cash in his hand and watching it come and go, said David [snorts] Levy, who worked closely with Mayweather from 2010 until his last professional fight. David Hall, Mayweather's accountant in the early 2000s, said Mayweather spent heavily without setting aside enough to pay taxes. Having a good accountant will literally save you from all this mess, but Floyd Mayweather changed to different people over the years.
>> Let's talk about the Business Insider article that ran.
Um >> Yes.
>> We debunked this reporting, but the gist of it was that Dan Geiger, the BI reporter, said that you didn't do the $400 million Black Spruce deal.
Um and you you sued BI and Geiger for defamation recently.
Um You said that Geiger harassed you and your family through hundreds of phone calls, and you also said his reporting was racially biased.
What do you hope to get out of suing Geiger? Why did you Why did you do that?
>> Okay. So, out of 48 years, I'm 48 years old, and I've never sued a media outlet.
The media outlet throughout my life has bashed bashed me, talked bad about me, spoke bad about my family.
Now, I've always been judged because how I have presented myself when I'm promoting a fight. You cannot judge me for entertaining the people when I'm promoting a fight. Judge me for the person that you know.
You can't judge me if you don't know me.
So, there's no different from people in this room may want to do a deal with me.
But, if someone going out there putting lies on my name, put lies on me and my team, and my family, and hurting my business, we're not talking about millions, we're talking about billions of dollars.
We can't do that. So, this is my first time ever filing a lawsuit against a media a media company for for speaking bad about my company.
So, I'm not a liar. I'm a lot of things, but I'm not a liar.
I work hard to build my name, to build my reputation, and I'm not going to I'm not going to let anyone go out there and smear my name, and talk bad about me, talk bad about my family, or talk bad about my companies.
>> So, that article sparked rumors that you are bankrupt. How do you respond to that? I don't think you you have responded to that.
>> everybody's entitled to their own opinion.
I mean, if if we call having two private jets, owning 100 buildings, being able to do what you want to do, if if that's bankrupt, then I'm pretty sure everybody want to live like that.
>> Was it long before Floyd Mayweather realized this is journalism, reporting on things that are in the public that are most likely true? So, he ended up dropping that lawsuit not long after. Is Floyd Mayweather now broke and suing everyone to get some >> Uh, why he got his finger in his nose like that, though?
>> [screaming] >> Go broke, start digging for boogers, it's crazy.
>> Money, Floyd Mayweather is definitely not broke. Luckily, this guy is such a legend and has an iconic status, he can do many different things to generate income. But, Floyd Mayweather has blown a lot of his money and wasted so much of it. To the point now that he is making a comeback and doing free fights 2026 as he's approaching 50 and even now willing to risk his 50 and 0 undefeated record in a match that's more even now with Manny Pacquiao who's been active of more recent.
>> particular time, I truly believe that, you know, I I knew, you know, I know everybody is going to want to ask questions, you know, about the Pacquiao fight.
Um Like I said, the sport of boxing has truly changed. We have a lot of uh a lot of new companies, a lot of new faces, and uh uh Netflix, um I truly believe that uh we'll get this done. I think we're we're almost at the finish line uh to finish the Pacquiao fight, but um a lot of things has changed in the sport of boxing.
And um eventually, I think um within the next 48 hours, either the Pacquiao fight uh should should should be done.
>> When you come from absolutely nothing, many people would have done the same thing as Floyd Mayweather and go on these spending sprees and enjoy your life. You can't take it with you is what Floyd said many years ago. But this is always a guy that was very smart and said he wanted to protect his health and coming back and doing actual professional boxing again when you're nearly 50 is not the mindset he once had.
>> And and guess what? And guess what? This is how this world is, man. Mother You got writers just like this. Like, "Oh, no no Floyd is scared. No, Floyd care about his family. Floyd is smart."
At the end of the Floyd is smart.
You know what I'm saying? My health is important. My health is more important than money. They can take all the money.
My health is more important. If they say, "Floyd, you know what? You can live a healthy life like you is right now or you got to walk with a limp or you got to walk bent over for the rest of your life but you have a lot of money." I'd say, "Take it all back."
And y'all know And y'all know this.
Y'all know this is Y'all know it.
And y'all know it. Y'all just Mother People just SAY, "YOU DON'T WE DON'T GIVE A [ __ ] IF HE taking it or not. We don't give a [ __ ] We just want to see the fight. We don't care. We don't give a [ __ ] about your health. WE DON'T GIVE A [ __ ] ABOUT your family. All we care about is our own family.
Well, [ __ ] no. Uh-uh. Mm-mm.
I care about my family. I love my family cuz they're going to be there when nobody else is there. Cuz when my career is over, y'all moving on to the next and y'all writing a story about the next That's exactly what's going to happen.
>> And luckily this guy has built, like I said, such an iconic and great state as he could do meet and greets. He can do club appearances. He can do things until he's literally a old man in a wheelchair going around. There's always going to be ways for Mayweather to generate money.
But the lifestyle thing, many people think it is tired now as you start to approach 50. And he's counting stacks of cash and still withdrawing so much money everywhere. He has wasted a lot of money. Houses are being taken off him left, right, and center. He did not have a good financial >> Counting money in front of Jay-Z while you broke is crazy.
That's crazy. Left that You left that in the bag. You could have did that before you left the house or something, [ __ ] Left that at home or something, [ __ ] You count Counting money in front of the Jay-Z and you broke? That's embarrassing, [ __ ] >> true team around him. You can look into public documents, but 100% he's not gone broke, but he's lost a lot of his money.
People speculate on how much he has now, which is his own business. He's wasted a lot of it.
>> I say Floyd broke maybe 1.5 billion to 300.
Now he had 300 million going broke. But I say you [ __ ] $3 broke.
>> No.
>> So you can't compare Floyd broke going broke to y'all broke.
>> I don't even know how you can say 300 million is broke.
>> No. To him, him going broke >> No, no, no, no.
>> You know?
>> I'm just saying in general.
>> I ain't even trying to hear AB and Deen the Great anyway, man. They say Floyd done blew the bag, man. Y'all think Floyd done blew the bag? Do y'all think Floyd going to run the bag back up? Let me know in the comments section, man.
And make sure y'all check out the playlist, too, man. It's your boy Boota.
I'm out.
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