Floyd Mayweather on Forbes 400 Richest People

By
Edgar Gonzalez
-
9
Player Props Betting.

I finally got the Forbes 2010 special edition magazine which reveals the 400 richest people in America. As I am reading, to my surprise Floyd Mayweather Jr. is ranked just behind Tiger Woods with earnings of $65 million.

Floyd Mayweather Jr. makes millions backing his own bouts. Can he turn it into a billion? That’s the question Michael Ozanian, author for sports money is asking.

If you think Mayweather is cocky wait until you read the interview he did with Forbes. When asked about his fights, you get this, “When Floyd Mayweather fights, it’s the Super Bowl. I move the economy.”

Ask about his business, “God has blessed me to be recession-proof.”

I can’t argue the fact he is a smart business man. The biggest reason Mayweather’s exuberance is hardly irrational, he promotes his own fights and reaps the rewards of ownership, retaining millions of dollars, more per bout than he would otherwise.

“If I knew at the beginning of my career what I know now,” Mayweather says, “I would probably already be a billionaire.”

FORBES estimates he racked up $65 million in earnings during the past 12 months, second among all athletes (Tiger Woods earned $100 million). Dallas Cowboys owner Jerry Jones has offered to guarantee $25 million if Mayweather fights Manny Pacquiao.

With PPV revenue, experts say, a Mayweather-Pacquiao fight could gross a record $250 million. Mayweather’s take? In excess of $50 million, since he need not pay a promoter the traditional 25% cut.

Despite his recent arrest amid domestic violence accusations, he’ll soon surpass onetime rival Oscar De La Hoya’s $300 million in lifetime earnings from boxing.

When Mayweather fought De La Hoya he broke records with a live gate of $19 million and a record 2.4 million household PPV buys which generated $120 million.

His recent victory over Shane Mosley this May was the second-highest-rated non heavyweight pay-per-view bout in history selling 1.4 million views with $78 million in revenue. Mayweather also got $22.5 million in prize money and netted $40 million in total from the fight.

The biggest lesson Mayweather has learned, he tells Forbes, “All money is not good money,” he says. “I get people every day where someone is offering me $100 million for a deal. If Nike were to come to me right now and offer me a five-year deal for $100 million, I’d say no thank you. Give me 1% or 2% ownership.”

Not sure how much he paid the author but he sure made Mayweather look good.

Player Props Betting.

9 COMMENTS

  3. “hate the game not the player” is one of the most stupid sayings I ever heard, just like the “have your cake and eat it too”. You know who made that up? another player with no class. When people say that, what “game” are they talking about? Thats like saying hate life not the a-whole lol. Clowns play games.

  4. people, whatever happened to “HATE THE GAME NOT THE PLAYER”. me thinks most of you are just plain haters. the guy has cash, hard earned cash.and he can do just about any thing he wishes to.so what is your problem. go out there and make your own.GO FLOYD, GO FLOYD. leave these haters to “pull out their hair if they so wish” AND GUYS, GIVE THE BROTHER A BREAK!!!!!!!!!!!!!! OKAY!!!!

  5. Na, I don’t think so. Gaywether is just a big mouth, just imagine his extravagant lifestyle and how he spend his money in gambling. Does he have any business or other source of income? Only one way where his money goes.

  7. who cares, All that means is that he will have the biggest canteen in jail. What they dont say is that most of those people that watch his fights just watch to see him lose, they’re not all fans. The problem is that everyone wants to see him lose on live T.V.. We should all just wait for rerun. FORGET THAT CLOWN. The worst thing we can do as fans is to incourage rich A-wholes like mayweather. All that money and he still cant buy a touch of class. Remember kids money isnt everything. I’d rather people remembered me for being a good man and not just another rich prick, rich pricks are a dime a dozen. mayweathers not special hes just another idiot with too much money.

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