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Mayweather targets $1 billion from real estate

 

Floyd Mayweather made approximately $1 billion through prize money in boxing.

He now wants to make another billion dollars in a post-fighting career through real estate investments.
“That’s his goal,” Leonard Ellerbe, the CEO of Mayweather Promotions, told Insider.

Mayweather has since been linked with a return to the ring for one more fight, but these rumors have been slapped down by Ellerbe.

“It’s an outright lie!” he tweeted this week.
Nicknamed “Money” through the latter part of his fighting career, Mayweather became boxing’s first $1 billion athlete after he received $200 million for stopping the UFC striker Conor McGregor on his feet in the 10th round of a landmark bout in 2017, Forbes reported at the time.

Though Mayweather won his first world title as a super featherweight in 1998, in the 2010s alone he made $915 million. A Compubox operator calculated that Mayweather earned $500,000 for every punch he landed in the 10 fights he had that decade — and he landed a lot of punches.

Mayweather now wants to be a billionaire two times over as Leonard Ellerbe, who is the CEO of Mayweather Promotions, told Insider that the 43-year-old is focused on raising the valuation of his real estate portfolio.

Insider met Ellerbe in Las Vegas in late February, and asked which of these three scenarios Mayweather would most be interested in:

“You never know with Floyd,” he told us. “You’ve got to stay tuned.”

Elaborating on property purchases, Ellerbe said: “He’s consistently making investments.”

Mayweather has a mansion in Las Vegas, at least one $25 million property in Los Angeles, as well as interests in New York City.

read also; Mayweather squandered $1bn fortune – Amir Khan

Asked whether there would come a time when Mayweather’s earned more through property than he did when he was a prizefighter, Ellerbe replied simply: “That’s his goal.”

 

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