Have you ever carried a million dollars in a duffle bag? Chances are you haven’t. How about dumping fifty thousand dollars into a swimming pool just to watch your guests dive in after it? Probably not. And have you spent a year—or more—without wearing the same pair of underwear twice? It’s a deeply personal choice, but we’d bet the answer is no as well.
These are the kinds of things that set you apart from Floyd Mayweather. Beyond being one of the greatest boxers of all time, Mayweather is also among the highest-paid athletes in history, famous for a lifestyle that looks almost implausibly extravagant. Yet there’s a surprising counterpoint: you might currently have a better credit score than he does. Lately, “Money” Mayweather has made headlines for reasons beyond the ring: lawsuits alleging he defaulted on debts, a tax lien filed by the IRS over back taxes, and, perhaps most seriously, felony fraud allegations connected to the purchase of a $200,000 watch that could land him in prison for more than two decades.
The brand is all around him: complex stories about his financial status, and commentary about what his next moves might be. In the past year, Mayweather announced exhibition bouts with Mike Tyson and Manny Pacquiao—matches with names that guarantee buzz and interest. Yet both exhibitions have been postponed—Tyson’s delay due to an injury to the legendary fighter, and Pacquiao’s delay tied to ongoing contract issues on Mayweather’s side—fanning questions and fueling online speculation about Mayweather’s finances.
So, is Floyd Mayweather really going broke? The prevailing view, of course, is no. He has earned an extraordinary amount of money—enough that spending 1,100 bags full of $100 bills would still not come close to exhausting his lifetime earnings. To put numbers on it, estimates put Mayweather’s career earnings at around $1.1 billion, including roughly $280 million from his 2017 bout with Conor McGregor and about $250 million for his 2015 fight with Manny Pacquiao. It’s a staggering amount, and for many, the math feels almost impossible to reconcile with the practicalities of daily life.
Yet even with astronomical earnings, one lingering obligation remains: the taxman. The IRS has loomed large in Mayweather’s financial story, much like it has in the stories of other infamous figures. Reports have floated that he owed tens of millions in back taxes in a single year, and in recent times the IRS has pursued liens against him, underscoring that even the wealthiest among us are not beyond the reach of tax authorities.
In short, Mayweather’s wealth is immense, his publicity sensational, and his financial affairs complicated by lawsuits, liens, and the ongoing scrutiny that accompanies fame. Whether he remains financially untouchable or faces legal and financial pressures in the years ahead, the narrative around his money continues to captivate the public imagination.
Content Source: Yahoo News
Image Credit: Getty Images
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