Floyd ‘Money’ Mayweather Drops $50 Million on a High-Rise Hotel in New York City

Nov 9, 2021 | 6:55 AM EST

Floyd ‘Money’ Mayweather Drops $50 Million on a High-Rise Hotel in New York City

Nov 9, 2021 | 6:55 AM EST

Floyd ‘Money’ Mayweather is the richest boxer to ever live. One doesn’t earn the moniker ‘Money’ in one of the highest paying sports for no reason. Mayweather’s lavish lifestyle and crazy purchases have landed him this moniker. However, Mayweather is also a very smart investor.

Back in 2018, Mayweather revealed his part in the One Vanderbilt hotel in New York City. “I’ve been working with my real estate buddies, my real estate guys. The project I’m working on now is called One Vanderbilt. It’s going to be the tallest building in New York City.”

Watch What’s Trending Now!

“It’s going to be taller than the Empire State building. We are also putting an observation deck on the building,” said Mayweather to YouTube channel Fight Hype.

The 1,301-foot long skyscraper is one of the tallest buildings in New York City, just shy of 432 Park Avenue and One World Trade Center.

#DOYOUKNOW Boxer Floyd Mayweather the money man earned over $275 million for his 2017 fight against Conor McGregor which works out as over $9 million a minute. @Gidi_Traffic pic.twitter.com/oETbczjbp1
— GIDI9JA (@gidi_9ja) November 8, 2021

Expand Tweet

Mayweather was the highest-paid athlete during his prime, sometimes earning hundreds of millions of dollars from one fight alone. During his career, however, Floyd was not careful with his money. He would fight, earn millions, then blow it up till he fought again. In order to have a sustainable flow of cash, ‘Money’ May had to start investing well.

Also read: ‘He Was Just Very Mean’ – Muhammad Ali’s Grandson Reveals How Mike Tyson Was Different From Ali

Floyd Mayweather reveals his best investments

Earlier this year, before he came out of retirement to fight Logan Paul, Floyd Mayweather revealed his best investments. “One of the best investments that I did was New York real estate. When you see me using the cars, you see the flashy. There’s a lot that comes with that, a lot of smart moves that come behind the scenes.”

FLOYD's INCOME-PRODUCING ASSETS:
– $150M+ real estate portfolio, paying him $1M+ EVERY MONTH to blow on F ish.
– Promotional company
– Strip club
– Social media assets
– Clothing line
He's also a part-owner on One Vanderbilt, the tallest office tower to-be in NYC.
— Philip Michael (@Philip_Michael) April 26, 2020

Expand Tweet

“I invested, you guys can Google Vanderbilt and Google Mayweather. I am part of that project. It’s the tallest building in New York City. You know I own so many different buildings, my exact numbers in New York City, I own nine skyscrapers in New York City,” said Floyd.

Watch this story: David Benavidez vs. Kyrone Davis: Date, Time, Venue, Tickets, and Live Stream

‘Money’ Mayweather also earned a huge fight purse against Logan Paul earlier this year.

What do you think Mayweather’s next big purchase will be?

Written by

Allan Binoy

578 Articles

Allan Binoy is a Boxing writer at EssentiallySports. Currently pursuing a Bachelor's degree in English Literature from Loyola College, Allan fuses his love for literature and the sport of boxing to deliver quality copies about 'The Sweet Science.' Allan is a semi-professional soccer player for Diego Juniors FC. He loves watching Vasyl Lomachenko dance and weave around his opponents and strongly believes 'Loma' is one of the greatest boxers to ever step foot in the ring. If not Vasyl Lomachenko, Allan is busy watching Floyd Mayweather's defense highlight reels. Whenever he isn't watching boxing, Allan, as an aspiring soccer professional, finds himself immersed in all the live games during the weekends.

Know more