Legendary boxer Floyd Mayweather Jr. is reportedly making a massive investment in apartment buildings located primarily in the upper Manhattan area of New York City.
According to TMZ Sports, Mayweather purchased more than 60 buildings featuring over 1,000 units at an overall price of $402 million.
It is reportedly Mayweather’s goal to provide affordable housing for families that are struggling financially, and he offered the following statement to TMZ: “Growing up I used to dream about owning just one home by myself, when you work hard you can achieve anything.”
The 47-year-old Mayweather is one of the greatest and most financially successful boxers of all time, as he went a perfect 50-0 in his career, beating big names such as Manny Pacquiao, Canelo Álvarez, Oscar De La Hoya, Juan Manuel Márquez, Shane Mosley and Arturo Gatti.
Per ESPN’s Nick Parkinson, Mayweather vs. Pacquiao generated $600 million in 2015, and Mayweather earned an estimated $250 million.
Forbes’ Kurt Badenhausen reported that Mayweather then earned $275 million for fighting UFC star Conor McGregor in 2017, bringing Mayweather’s career earnings over $1 billion.
While Mayweather has not competed in an official fight since 2017, he has taken part in several exhibitions, including bouts with current WWE Superstar Logan Paul and John Gotti III.
Mayweather is also the founder of Mayweather Promotions, which has signed and promoted several notable boxers since its inception in 2007.
Mayweather has found ways to keep the money rolling in even in retirement from professional boxing, giving him the ability to make a massive real estate purchase.
