Floyd Mayweather is thought to be one of the greatest boxers of his era. He is a former professional American boxer who competed from 1996 to 2007 and 2009 to 2015 and made, the much-hyped, one fight comeback in 2017. His undefeated record and flamboyant showmanship have turned him into one of the biggest names in boxing since Mike Tyson. Currently, he is a professional boxing promoter.
Mayweather is considered one of the richest athletes in the world and has been listed as the ‘highest paid athlete in the world’ four times by the American business magazine, Forbes.
Mayweather’s net worth is about $400 million this year.
How much money has Mayweather made in his career earnings?
The boxer has earned approximately $700 million in prize money from fights throughout his career. In May 2015, Pacquiao-Mayweather fights that is one of the biggest fights of his careers and was billed the “Fight of the Century,” Mayweather’s final payday after all the PPV (Pay per View) receipts were counted to be near $250 million. But the McGregor-Mayweather fight in 2017 pushed his career earnings close to $1 billion.
How does Mayweather make so much money?
Floyd Mayweather is not just a great boxer but is also a great entrepreneur, a shrewd businessman. Mayweather after breaking away from Top Rank, a boxing promotion company, by buying himself out of their contract, because he believed that he could make more money promoting his own fights and therefore, started his own promotion company called Mayweather Promotions. It turned out to be the highest-earning promotional company in boxing.
Soon, he changed his nickname from “Pretty Boy” to “Money,” and consequently, Mayweather Promotions soon came to be known as “The Money Team.” Not only did Mayweather focus on his boxing skills, but he was also very good with marketing, financial diversity as well as the promotion of other boxers. TMT (The Money Team) negotiates all deals for its fighters which includes fees from the casino or arena hosting the fight as well as the broadcasting rights with television networks. Not to forget, TMT merchandise also nets him around 10+ million per year in sales.
Meanwhile, he did promotions of himself too by appearing on reality shows, and dancing shows such WrestleMania and Dancing with the Stars, music videos and various other media that brought in new fans, apart from those who watched boxing. He got paid for the press tours, magazine shoots, and newspaper ads. The pay-per-view distributors too produced and aired commercials for the fight at their expense. Moreover, he built a social media following that numbers 37 million followers today on Facebook, Instagram, and Twitter.
Apart from that, Mayweather also produces the Biggest Boxing Fights. From the positioning of the cameras to the choreography of the ring walk, Mayweather has a hand in it all. Once paying for some part of the huge event, he collects money off everything. Tickets, sodas, beers, hot dogs and even the signs on the ring posts, Mayweather reaps huge financial rewards from all aspects of fight night.