Those who say Floyd has too much money to go broke

[IKSRTFO]

http://www.huffingtonpost.com/2015/06/2 ... 61638.html

Minus the drugs, this sounds like Floyd's spending habits.

[punchoutsb]

No one has "too much money" to go broke.

Boxers are notorious for their poor spending habits.

I hope Mayweather can keep onto his money for his kids sake, but it's not looking good with his current publicized habits.

And before anyone comes on with the "best businessman in boxing" bit, Floyd is the best at selling himself. He needs to be smart with the money he makes from his own matches, because that's what people pay to see. After Floyd retires no one (except maybe Brut) will follow his promotional ventures unless he lands some big fighters, which is very hard to do. There are MAJOR businessmen who have a strangle hold on the promotional companies. Floyd is the best ever at getting people to part with their cash in hopes to see him personally get beat. It remains to be seen if he's any good at getting those same people to spend money to watch others fight.

[jamesmcdonnell]

There are countless ridiculously expensive items for sale, designed specifically for the super rich.

Perfect example are the ridiculously expensive supercars, that usually just lie gathering dust in a garage, because people are too scared to drive them, and many of which are plummeting in value from day 1.

I mean, 1.5 million for a car - Christ almighty.

People who aspire to riches, also usually often aspire to conspicuous consumption of wealth, no surprise then that they end up broke.

[jujigatame]

Also keep in mind that most big items that athletes buy (cars, houses, boats, etc.) are financed. They are paying huge interest on these items.

Not to mention Floyd is notoriously distrustful of financial institutions and supposedly keeps a huge amount of money in cash. I'd wager he is not well invested and is losing serious money to inflation.

[uptconnect]

I'd wager that there's a 50/50 shot that Floyd goes broke once he retires. Which might sound like it's not a knock, but when one banks the total he has banked, one's grandchildren's grandchildren's grandchildren should still be rich. Multi-generational dynasties have been started on far less.
Aside from his actual fight earnings and Al Haymon partnership, he hasn't really done anything in business that would lead anyone to expect great success in other realms, in my opinion.
In fact, everything he's done that's not boxing related has just been a money-hole that he tosses $ into.
Record label? A joke. It only costs. There's no way it makes money.
His forays into fashion, and bankrolling his baby's momma and Ex Gfs? That was only money spent so people could 'play' business owner.
And he claims to have many other successful business ventures, but if any were truly successful, we would know specifics and he would never shut up about it.
My point is, at some point his spending, if he continues on the current level- will far exceed what's coming in. Its basic math.
There's a good probability that we'll see him fight again some years after he retires.

[cfang]

I agree. He gambles which is one big issue but the main one is, he's only really brilliant at boxing but he thinks hes more than that. That is what will take him down financially, his conceit.

[Butterbean]

That idiot well end up below his starting point...

[palooka]

No one has "too much money" to go broke.

Boxers are notorious for their poor spending habits.

I hope Mayweather can keep onto his money for his kids sake, but it's not looking good with his current publicized habits.

And before anyone comes on with the "best businessman in boxing" bit, Floyd is the best at selling himself. He needs to be smart with the money he makes from his own matches, because that's what people pay to see. After Floyd retires no one (except maybe Brut) will follow his promotional ventures unless he lands some big fighters, which is very hard to do. There are MAJOR businessmen who have a strangle hold on the promotional companies. Floyd is the best ever at getting people to part with their cash in hopes to see him personally get beat. It remains to be seen if he's any good at getting those same people to spend money to watch others fight.

I agree 100%, if Holyfield and Tyson can go under anyone can. 15 years after retiring for good Floyd will have 10% of his money left, he'll still live a lovely life but won't be gambling a million on a bet.

[Rexob]

There are countless ridiculously expensive items for sale, designed specifically for the super rich.

Perfect example are the ridiculously expensive supercars, that usually just lie gathering dust in a garage, because people are too scared to drive them, and many of which are plummeting in value from day 1.

I mean, 1.5 million for a car - Christ almighty.

People who aspire to riches, also usually often aspire to conspicuous consumption of wealth, no surprise then that they end up broke.

A nice investment It's probably worth more now he has owned it.

[IKSRTFO]

There are countless ridiculously expensive items for sale, designed specifically for the super rich.

Perfect example are the ridiculously expensive supercars, that usually just lie gathering dust in a garage, because people are too scared to drive them, and many of which are plummeting in value from day 1.

I mean, 1.5 million for a car - Christ almighty.

People who aspire to riches, also usually often aspire to conspicuous consumption of wealth, no surprise then that they end up broke.

A nice investment It's probably worth more now he has owned it.

It depreciates as soon as he buys it regardless who it is.

[palooka]

I think it depends what kind of car it is. That Mr Bean bought a McLaren for a million and sold it for a profit as there are so few of them around.

[tiny_acres]

I could care less if he goes broke or becomes the next Bill Gates.It has no affect on the
fact that he was a brilliant boxer but a human piece of crap.

[handsofstone]

I think it depends what kind of car it is. That Mr Bean bought a McLaren for a million and sold it for a profit as there are so few of them around.

I take it he just uses the green Mini now

[palooka]

I think it depends what kind of car it is. That Mr Bean bought a McLaren for a million and sold it for a profit as there are so few of them around.

I take it he just uses the green Mini now

I was amazed to how much he was worth.

[handsofstone]

I think it depends what kind of car it is. That Mr Bean bought a McLaren for a million and sold it for a profit as there are so few of them around.

I take it he just uses the green Mini now

I was amazed to how much he was worth.

Yeah I knew he was minted,he a petrol head too and apparently has a daughter who's quite fit

[Rexob]

Mr Beans daughter's is a right tasty piece.

[Rexob]

There are countless ridiculously expensive items for sale, designed specifically for the super rich.

Perfect example are the ridiculously expensive supercars, that usually just lie gathering dust in a garage, because people are too scared to drive them, and many of which are plummeting in value from day 1.

I mean, 1.5 million for a car - Christ almighty.

People who aspire to riches, also usually often aspire to conspicuous consumption of wealth, no surprise then that they end up broke.

A nice investment It's probably worth more now he has owned it.

It depreciates as soon as he buys it regardless who it is.

I remember Holyfield moaning about having his car taken off him for some reason? and saying that it should be worth more now since he owned it Brilliant!

[Badhusker]

Its funny to see so many Floyd haters hoping he goes broke.

No way we could have a great boxer also be a great businessman.

Dream on. Your envy has turned into jealousy. Keep thinking the glass is half empty, all athletes are idiots, and all the rich will end up in a cardboard box.

[punchoutsb]

Its funny to see so many Floyd haters hoping he goes broke.

No way we could have a great boxer also be a great businessman.

Dream on. Your envy has turned into jealousy. Keep thinking the glass is half empty, all athletes are idiots, and all the rich will end up in a cardboard box.

I'm sure these haters hoping Floyd goes broke exist, but I don't think I've seen any in this thread...

[BAD INTENTIONS]

Those who care about this ... get a fornicating life.

[Chepppaaa]

mike tyson made like 400.000.000 $. something around that figure and ended with the help of don king, women and mike simply being stupid with basicly 0

so anything can happen fast, even when you close to half a billion. i mean you can buy private jets or private yacht for 100 million each, so its easy to lose everything, if you wanna play the billionere lifestyle.

[KBB]

http://www.huffingtonpost.com/2015/06/2 ... 61638.html

Minus the drugs, this sounds like Floyd's spending habits.

Ellerbe said he has no fear that Mayweather will blow the fortune after his fighting career, the way that former heavyweight champions Mike Tyson and Evander Holyfield, among many others, did.

"Never," Ellerbe said. "Floyd has a tremendous advantage, because he's seen the pitfalls and the things that have happened to other fighters, going back a long, long time before him. He's educated himself and surrounded himself with top-flight financial advisors. Floyd has a number of billionaire friends who have helped him and given him sound advice.

"In this world, it's all about who you know. There are things that are not available to this segment of people that are available to this other segment of people. And Floyd's taken advantage of all of that."

[caldo2025]

Everything is relative. I don't care how much money we are talking about, it can come and go easily. Now trickle in the fact that Floyd has a love of gambling ridiculous sums of money. We only know about the bets he wins, imagine what he loses? It's easy to gamble like a fool when you make over 100m a year but when his fighting days are over, that money is not coming in any more. TMT is a garbage organization and only 1 or 2 boxers that are worth a damn.

I wouldn't be the least bit surprised to see Floyd blow his stack. It can happen to anyone.

[IKSRTFO]

http://www.huffingtonpost.com/2015/06/2 ... 61638.html

Minus the drugs, this sounds like Floyd's spending habits.

Ellerbe said he has no fear that Mayweather will blow the fortune after his fighting career, the way that former heavyweight champions Mike Tyson and Evander Holyfield, among many others, did.

"Never," Ellerbe said. "Floyd has a tremendous advantage, because he's seen the pitfalls and the things that have happened to other fighters, going back a long, long time before him. He's educated himself and surrounded himself with top-flight financial advisors. Floyd has a number of billionaire friends who have helped him and given him sound advice.

"In this world, it's all about who you know. There are things that are not available to this segment of people that are available to this other segment of people. And Floyd's taken advantage of all of that."

"billionaire" friends and "top-flight financial advisors" is more a reason he would go broke. A while ago, he stated he lost a lot of money giving it away to a financial advisor to took it, left, and Floyd never got it back.

[KBB]

"billionaire" friends and "top-flight financial advisors" is more a reason he would go broke. A while ago, he stated he lost a lot of money giving it away to a financial advisor to took it, left, and Floyd never got it back.

He makes a ton of money on sports gambling, so he wins more than he loses. It seems y'all just hoping and praying he goes broke but I just don't see that happening.


http://www.huffingtonpost.com/2015/05/1 ... 06908.html

There are tons of others out there that records his winnings, get over it-he won't be going broke anytime soon.