Floyd Mayweather Going Broke Because of his new WHITE Buddy?

"Money Mayweather," as he calls himself, ended his pro career in 2017 with a 50-0 record. He scored more than a billion bucks in boxing paydays, making him the 10th highest-paid athlete of all time, according to the sports business outlet Sportico. Since his retirement, he's fashioned himself as a business mogul whose successes keep him in Bugatti sports cars, Richard Mille watches, Gucci clothing, and opulent mansions.
"I'm financially set, and I want to let everybody know this," he said in 2021. "Every property that I have is paid for. My jet is paid for. All my cars is paid for. I own billion-dollar buildings."
Everything is no longer paid for: Mayweather took out millions in mortgages on his homes last year, a Business Insider review shows. He has also faced a string of lawsuits and liens that say he owes money for a Mercedes Maybach G-Wagon, jet fuel, and garbage collection at his Las Vegas mansion.
At the same time, he has trumpeted a major entry into big league commercial real estate. Starting in the fall of 2024, Mayweather talked up a spending blitz on commercial property in New York through his newly formed real estate firm — splashy moves that earned him a featured spot at a prominent real estate conference with a session titled "Real Estate Knockout: The Floyd Mayweather strategy."
That big talk doesn't always end in big deals, Business Insider found.
Mayweather's social media last year promoted an article that reported he had made a deal to invest $100 million in a portfolio of Manhattan luxury high-rise apartment towers owned by Go Partners. People with knowledge of the investment said that Mayweather put in a "nominal" sum late last year but did not invest further and his initial equity in the deal was later absorbed by Go Partners, leaving him with no stake. The portfolio of buildings was eventually spun off into a publicly traded entity.
In Frefs`d ebruary, Mayweather also said he bought a portfolio of rent-regulated apartment buildings in Upper Manhattan for $402 million, declaring that "all the buildings belong to me, I don't have no partners." Business Insider previously reported there were no property records showing an outright or majority sale.
Meanwhile, in the last 18 months, two of Mayweather's commercial properties have been foreclosed, and he is at risk of losing a Las Vegas building that houses his strip club Girl Collection over $52,000 in back property taxes and penalties. Mayweather has been accused in lawsuits of failing to pay for millions of dollars of luxury items, including watches and high-end jewelry, allegations he has disputed.
Mayweather has been pursued by creditors over Air Mayweather, the Gulfstream jet that's been one of the symbols of his megawealth. In December, FAA records showed he had sold the plane — and he's sold his mansions in Beverly Hills and Miami to two of his real-estate partners.
Business Insider reviewed hundreds of pages of public records and interviewed dozens of current and former friends and business associates about Mayweather's finances and his team, which includes a convicted felon who has been named in several lawsuits against the boxer.