Boxing champion and businessman Floyd Mayweather Jr. has forcefully dismissed recent reports questioning his financial stability, asserting his enduring wealth in a fiery statement delivered during a press conference in Las Vegas on Wednesday.
The 48-year-old, known as “Money” Mayweather, addressed swirling rumors of bankruptcy and mismanagement, fueled by unpaid wages at his Los Angeles gym and unverified real estate claims.
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Speaking to a packed room at the MGM Grand, Mayweather declared, “Everybody’s entitled to their opinion, but if that’s what you call having two private jets, owning 100 buildings, and doing what I want, then I’m pretty sure everybody’s going bankrupt.”
His comments echo a recent rebuttal made at The Real Deal’s New York City Forum, where he also sued Business Insider over a March report casting doubt on a $402 million Manhattan property deal.
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The outlet claimed no ownership transfers were recorded, a claim Mayweather’s legal team disputes, asserting the transactions are confidential.
The controversy escalated in January when employees at his LA gym protested unpaid wages, with some alleging nonpayment for weeks.
Mayweather has remained silent on those accusations until now, suggesting, “Sometimes things get handled at the local level, but my empire’s rock solid.”
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He also highlighted recent lavish gestures, including a $186,200 Mercedes-Benz gift to his sister and a $1.8 million custom watch for his 48th birthday, as proof of his financial health.
Rumors of financial trouble trace back years, including a 2017 IRS dispute over $5.5 million in back taxes and past gym closures due to unpaid rent. Critics, including rival 50 Cent, have seized on these incidents, with 50 recently mocking Mayweather’s real estate boasts on Instagram. Yet, Mayweather countered, “I’ve built a billion-dollar empire—real estate, exhibitions, my brand. I’m not here to prove anything to anybody.”
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The boxer’s latest ventures, including a $10 billion partnership with 601W Companies and travels on his $50 million Gulfstream jet, further complicate the narrative. While some industry insiders, like boxing reporter Rick Glaser, have hinted at “deeply rooted” financial concerns, no concrete evidence of bankruptcy has emerged. Mayweather’s lawsuit against Business Insider, filed in April, seeks to protect his reputation, with his attorney vowing a “vigorous defense” against the allegations.
As the debate rages, Mayweather remains defiant, leveraging his social media presence—where he boasts 33 million followers—to reinforce his image. Whether his financial empire is as robust as he claims or strained by past excesses remains a point of contention, but for now, the champ is fighting back with words and wealth displays.
