Floyd Mayweather, who earned over $1.2 billion throughout his boxing career, is now facing serious financial accusations. American journalist Stephen A. Smith claimed that the boxer went bankrupt after investing $402 million in what he described as a fraudulent real estate scheme in New York, reports the Baltimore Chronicle, citing Sport.ua.
Mayweather firmly denied the allegations, emphasizing his financial stability and ongoing investments in the real estate sector.
In December 2024, Mayweather purchased more than 60 properties in Upper Manhattan, totaling $402 million. He also partnered with the real estate firm 601W Companies to invest in a $10 billion portfolio. Additionally, he acquired property in Midtown Manhattan worth $20 million.
However, in early 2025, employees at one of his gyms in Los Angeles accused Mayweather of not paying their wages. The scandal led to protests and claims that he violated California labor laws. This isn’t the first time his business empire has faced financial trouble—another gym in Elk Grove was previously shut down for failure to pay rent.
Despite the controversies, Mayweather continues to assert his financial strength, stating that he earns $300 million per month and owns two private jets and more than 100 properties. He remains active in exhibition matches and invests in various ventures, including an attempt to purchase a 10% stake in the New York Giants for $700 million.
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