Floyd Mayweather silences 'broke' claims with $402M investment
10/18/2024 11:06 AM
Floyd Mayweather has made a significant $402M investment, silencing those who believe he is having money issues since retiring from professional boxing.
The undefeated boxer has built an entire career around silencing doubters both inside and outside of the ring. Despite retiring with a perfect 50-0 record and beating some of the very best of his era, the 47-year-old rarely receives his flowers from fans of the sport.
Once again, Floyd Mayweather deserves to be praised for his recent actions.
Simultaneously silencing the doubters and helping those in need, Mayweather has splashed an enormous $402M on an affordable housing deal in Manhattan.
The boxing legend is continuing his delve into the real estate world primarily in upper Manhattan, striking a $402M deal to acquire a 1,000 affordable housing unit.
As confirmed by The Real Deal, a section of the deal has already been wrapped up, with the remainder set to be completed in the following months.
More than 60 buildings of 1,000 affordable houses was purchased by Mayweather, making it one of the most significant multifamily deals of the year in New York.
Related: Ronda Rousey looking to offload $1.8 million Los Angeles home
Floyd Mayweather's large investment seemingly puts an end to rumors that he is 'broke'. While he's one of the biggest names of his generation in the sport of boxing, reports claimed that he has had ongoing money problems — which was considered a major factor in why he entertained a fight with Conor McGregor I'm 2017.
Since then, those rumors of his issues have escalated and have arguably been aided by his interest in exhibition bouts — with his most recent outing coming less than two months ago on August 24.
While his financial situation is unclear, it does seem like the earlier rumors are not legit following his huge investment into his recent Manhattan housing portfolio.
