Floyd Mayweather, How This Boxer Became One Of The Highest Paid
Athlete In The World

Let’s talk about Floyd Mayweather Jr aka Money. Now, here is one man you do not want to mess with. Seriously, he currently holds 3 World Boxing Council titles, and all for using his fists. And that’s not all; Pretty Boy (as he is popularly known) holds another, a very lucrative title: 

"He is currently the highest paid athlete in the world."

Picture this: the man got into the ring twice and walked away with $85 million having bagged $40 million for one fight and $45 million for the other. Very impressive! Suffice (it) to say, Mayweather is now valued at more than $200 million.

By DEWALT POWER TOOLS FIGHT NIGHT CLUB 2010 (DSC_0357)

[CC-BY-SA-2.0], via Wikimedia Commons

Where It All Started

Mayweather must have been destined to be a world-class boxer. You see, he’s the son of Floyd Mayweather Sr. who was a welterweight boxer. What’s more, Floyd also has two uncles who are former boxers. In fact, one of them, Roger Mayweather, is his current trainer. As such, it’s not surprising that Mayweather Jr. hit the gym with his dad as soon as he could walk. By the time he was seven he had his own tiny gloves and was putting them to very good use. And thus began an illustrious career initially as an amateur boxer and currently as a professional.

Family Drama

Although the Mayweathers gave young Floyd a clear career direction, life with them was not easy. To begin with, the family was barely making ends meet and as if that was not enough, several of Floyd’s close family members struggled with drug addictions. What’s even worse is the fact that Mayweather Sr. wasn’t much of a father to Floyd. The boxer has been quoted as saying that the old man didn’t do much with him save for taking him to the ring. Quite sad, but on the bright side at least he turned him into a champion.

A True Businessman

Because Mayweather is one of the greatest boxers of his time having had 45 major fights and won all of them, it’s only natural that money follows him everywhere he goes. But that’s not even the best part, no, Floyd is not just an astute boxer but he is also a witty businessman. As such, instead of splitting his winnings with his promoters, Floyd outsmarted them and became his own promoter working under the Mayweather Promotions brand. So, you can now understand why he’s making so much per fight: he isn’t sharing his money with anyone.

Debts

Now, this is just ironic, even with all his money Mayweather still has financial woes. Apparently, he has had issues with the IRS over unpaid taxes. Furthermore, he’s been accused of failing to make payments on his car and on a house that he was to purchase.

Bad, Bad Boy

They say everyone has their issues; Pretty Boy is no exception to this rule. The boxer has found himself on the wrong side of the law facing battery charges. In fact, he actually served 2 months in county jail for battering his ex-girlfriend.

Lessons From Floyd Mayweather 

Having said so much about Floyd Mayweather, it’s clear that he is no saint. That notwithstanding, his life has taught us the following:

  • No matter what your background is, you can still make something grand of yourself.
  • Once you know what you are good at, do it to perfection.
  • And finally, if you come across an opportunity to legitimately save a buck, hurry up and take it.

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)