Do You Need to Be a Good Businessman to Succeed in Boxing? Floyd Mayweather Tells the Truth

Published 03/19/2021, 3:00 PM EDT
LOS ANGELES, CA – AUGUST 06: Floyd Mayweather listens at a press conference ahead of his upcoming fight with Andre Berto at JW Marriott Los Angeles at L.A. LIVE on August 6, 2015 in Los Angeles, California. (Photo by Stephen Dunn/Getty Images)


Floyd Mayweather is one of the greatest boxers to ever grace the ring. With his vast in-ring skills, Mayweather cemented his reign for countless years. Not just for his boxing prowess, but ‘TBE’ is equally famous for his business mindset and the investments he’s made over so many years.

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Whether it was boxing or cracking up prospective business deals, Mayweather managed both efficiently. This is principally why he ranked himself among the highest-paid athletes of the world and became the richest boxer worldwide.

Recently, ‘Money’ was in a chat with Rob Moore, wherein he talked about whether one needs to be a good business executive to attain success in boxing.

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Well, that’s a little bit, I can’t really understand that question because every fighter, that’s a world champion in boxing doesn’t mean he’s a smart businessman. So I mean, winning a championship belt, has nothing to do with it. Becoming a CEO or entrepreneur or someone that has accomplished business on a certain scale,” said Mayweather.

BALTIMORE, MD – JULY 27: Fight promoter and retired professional boxer Floyd Mayweather Jr. in the ring before the WBA super featherweight championship fight between Gervonta Davis and Ricardo Nunez at Royal Farms Arena on July 27, 2019 in Baltimore, Maryland. (Photo by Scott Taetsch/Getty Images)

‘Pretty Boy’ rubbed off the claims that one needs to be a successful businessman to succeed in boxing, as he feels boxing differs completely from the business world and there’s no correlation between the two.

Mayweather has seen the world from both the business vertical and the boxing end. He achieved momentous success in both, and that’s how he arrived at the above conclusion.

Read – Vergil Ortiz Jr. Answers Questions About His Chin: ‘I’ve Been Hit Before’

Has Floyd Mayweather molded the modern boxing era?

No one in the boxing universe achieved success like the 50-0 boxer. What made his record even more impressive was the fact that he maintained his dominance for over two decades and achieved enough superstardom to promote fights under his own banner.

 

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Also, he opened various streams of income for boxers in form of sponsorships and collaborations. The mighty conglomerates saw an opportunity to partner with boxers like him to get visibility towards their brands. In return, boxers bagged handsome paychecks for the same.

This revolutionized the sport to a great extent, and it still goes on today.

Mayweather has unquestionably molded the sport in favor of boxers who give their blood and sweat to the sport.

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Prathamesh Singh Chauhan

895 articles

Prathamesh Singh Chauhan is a Boxing Author at EssentiallySports. He is a graduate from the International Institute of Sports Management who combines his love for sports, particularly combat sports, and his flair for writing and analysis to help him in his day-to-day work. He has prior professional experience with sporting organizations such as Star Sports, Khelo India, and NBA.

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