Floyd Mayweather—the real estate mogul. You might not associate the American boxer with strategic investment and a well-thought-out investment amid his popular cash-splashing image. But that’s not the case. The American boxer is becoming one of the biggest names in Manhattan’s real estate world, and he took another step towards it when he made a $20 million investment on Christmas Eve.
The TMZ reported that Mayweather, 47, bought a $20 million-worth corner unit on 6th Avenue (and 47th Street) in Manhattan. Why did he buy it? Two reasons. One, the former world champion, used to visit it during his young adulthood days for lavish shopping and has some fond memories attached to it. Second, the unit comes as a whole package, which includes offices, a diamond exchange, and a large billboard. You can expect him to put it to good use and add more balance to his already heavy bank balance.
‘Money’ declared in a statement, “I used to shop in the diamond exchange as a young adult. I never thought I would end up owning this important property at the entrance of 47th Street.”
You might recall this comes after he invested $402 million in a deal in November that helped him secure over 60 buildings in New York, through which he would provide affordable housing to struggling families. “Growing up, I used to dream about owning just one home by myself. When you work hard, you can achieve anything,” he said while securing the deal.
You might recall this comes after he invested $402 million in a deal in November that helped him secure over 60 buildings in New York, through which he would provide affordable housing to struggling families. “Growing up, I used to dream about owning just one home by myself. When you work hard, you can achieve anything,” he said while securing the deal.
Mayweather even recently became a partner with Go Partners and invested $100 million in equity in partnership with them. The reason? To invest in a $3B portfolio. For that, he founded Vada Properties, his new firm focusing on this high-end deal. It seems he is ready to take the real estate world with his acumen and tactics, just like he did in the squared circle before that.
What do you make of this latest investment by Floyd Mayweather on Christmas Eve? Do you think it’s a worthwhile investment? Let us know in the comments below.
