The fact that Floyd Mayweather is the richest athlete in the world, and that boxing is one of the most lucrative sports in the world, is no coincidence. The reason for this dates back to 1999, when the Muhammad Ali Act was brought about. According to this act, no promoter can contract a fighter to him. So boxers can enter into any sponsorship and endorsement deals they want. And Mayweather was the epitome of this.

And it is no surprise that he goes by the nickname Floyd ‘Money’ Mayweather. He is recognized worldwide for his wealth and riches. And the undefeated fighter has not shied away from flaunting his money and wealth. Furthermore, he has always made his decisions based on earning capacity.

So just how rich is Floyd Mayweather? Is he a billionaire?

According to reports, Floyd Mayweather’s wealth totals to $560 million. Mayweather has disputed this and claimed he is a billionaire. He revealed he is currently worth a reported $1.2 billion. Forbes reported that Mayweather did reach the one billion mark only in his boxing earnings, with his fight against Conor McGregor in 2017.

READ: Floyd Mayweather Reveals How Much Money He Makes From Exhibition Fights

Where does all of Floyd Mayweather’s money come from?

His primary source of income is his boxing. Ever since he parted ways with Bob Arum, he set up his own PPV events and made a lot of his wealth towards the latter part of his career. For the McGregor fight alone, he made $275 million. For the famous fight against Manny Pacquiao, he made $180 million. This is more money than some fighters make in their whole career.

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He also runs his promotional company ‘Mayweather Promotions’. The company represents stars like Gervonta Davis and others and promotes their fights. This increases and adds to the sources of his revenue. Mayweather also has a lot of endorsements and sponsorship deals, which provides him with a constant source of income.

His investments also play a big part in his earnings. The super-star has been smart with investing in numerous ventures and reaps the rewards long term. Mayweather also offers this advice to the younger generation of fighters. As Edgar Berlanga recently said that the legendary boxer had given him advice on investing in stocks and real-estate.

Furthermore, Mayweather is always open to fighting exhibitions; albeit for an insane amount of money. Just like with his latest announcement of fighting YouTuber Logan Paul. So it is no secret as to how Floyd ‘Money’ Mayweather makes his money.

READ:Floyd Mayweather Is Looking to Do Crazy, Bizarre Things for Money – Claims UFC Legend