http://thekingmaker.me/floyd-mayweather-broke/

Mayweather’s Financial Future Projected

Floyd Mayweather: Heading for a crash?
Let’s assume Floyd Mayweather lives to be 70. How long can he sustain his current lifestyle? Below is an analysis based on his entire career – from start to assumed finish.

Career earnings hit $350 million with the Canelo fight. He has a maximum of 4 fights left on his current Showtime deal. There are no guarantees he will fight 4 more times. Assuming he fights all 4 fights he’s looking at a guaranteed $133,000,000.00 with an estimated further $50,000,000.00 tied to PPV performance. That’s a maximum total take of $533,000,000.00 from a career that should not go beyond his current contract.
Less: Ellerbe/Al Haymon‘s management fees – assumed to be the traditional 25% – $133,250,000.00

Trainer’s (& all form training) fees at traditional 10%: $53,300,000.00

“I make good money with my nephew anyways,” said Roger Mayweather. “I train my nephew and I still make more money than most motherfuckers in the sport of boxing, period. I make more money than them and I’m talking about world champs.”

Roger Mayweather already has an estimated net worth of $20 Million.

Sum of Management & Training Costs: $186,550,000.00

Pre-tax earnings: $346,450,000.00

Expenses & Outlays Assumed Claimed As Business Expenses/Purchases

He owns a G5 private jet – $35,000,000.00.

Annual running costs: $1,750,000.00.

Assuming Floyd doesn’t upgrade & get a newer model – as he’s already got an aged version of the jet – that’s lifetime running costs of $1,750,000.00 * (70-36) = $59,500,000.00.

Mayweather & Bodyguards
His 7 full-time bodyguards each make $150,000 per year. $1,050,000.00 per annum. Let’s assume he has & will maintain this level of personal security between 2008 & 2016 or 9 years so… 9 * $1,050,000.00 = $9,450,000.00. Let’s say Floyd maintains a security detail of 2 men after this period. That’s another $150,000.00*2*(70-39)=$18,600,000.00.

His bodyguards travel on a separate jet because Floyd is afraid of having too much weight in the cabin. A chartered (rented) flight for 7 from New York to Los Angeles costs $42 520.00 – so ten such flights per year run to $420 520.00 per annum. Let’s assume he has & will maintain this level of personal security between 2008 & 2016 or 9 years so… 9 * $420,520.00 = $3,784,680.00. Lifetime cost of the contracted security detail of 2 post-career adds a further 2 * $420,520.00 = $841,040 * (70-39) = $26,072,240.00. This is based on 10 NYC to LA length trips per year.

Floyd Mayweather: Spending beyond his means & with reckless disregard for financial common sense.
Floyd Mayweather Jr. bought US$605,000 worth of tickets for his friends to the Canelo Alvarez fight. With tickets prices listed at $2,000, $1,500, $1,000, $600 and $350, he must have bought well over 300 tickets for family, friends, and (presumably) friends of friends. Let’s assume Floyd does the same (ignoring any inflation) for his next four bouts; so five bouts – that this is known about – 5 * $605,000.00 = $3,025,000.00.

Payment to Juan Manuel Marquez for not making the contractually stipulated weight for their bout = $600,000.

On July 3, 2009, the Associated Press reported that the IRS had filed tax liens against Mayweather of US$6,170,000.00. He also owed another $193,000 pursuant to a New Jersey Superior Court case. Tentatively assumed as payable from pre-tax earnings.

Gross Taxable Income after deductibles

$346,450,000.00-$35,000,000.00-$59,500,000.00-$18,600,000.00-$9,450,000.00-$3,784,680.00-$26,072,240.00-$3,025,000.00 – $600,000.00 – $6,170,000.00 – $193,000.00 =$184,055,080.00

Taxable income = $184,055,080.00

Taxation = Variable owing to fluctuations in earnings during career. In Nevada earnings of $1,000,000.00 per annum are effectively taxed at 38.4%; earnings of $5,000,000.00 are effectively taxed at 41.5%; earnings of $90,000,000.00 are effectively taxed at 41.9%. Let’s take 41.6% as a convenient steady state taxation rate on career taxable income… that’s a cumulative tax bill of 41.6% * $184,055,080.00 = $76,566,913.28

After tax earnings: $184,055,080.00 – $76,566,913.28 = $107,488,166.72

Mayweather spends $6,500 per year on boxers. He throws them out after wearing them once. That’s $17.80 per day. There are 12,108 days between now & Floyd’s 70th birthday. Total cost $17.80*12,108=$215,522.40

Mayweather has four children. Child support per child is estimated at a mandated (by the State) $2,000.00 per month per child should they reside with their mother(s). That’s 12*4*$2,000.00 = $96,000.00 per annum. That’s a life-cycle (age 0 to 18) of 18*$96,000.00=$1,728,000.00.

Mayweather’s custom made iPod classic is diamond-encrusted and solid platinum – $50,000.00.

Bugatti Veyron $1,600,000 (allegedly bought for him by the MGM Grand)

Some of Floyd Mayweather’s Cars.
Mercedes SLS 201,500 USD

Lamborghini Aventador 397,500 USD

Mercedes-Benz S600 92,900 USD

Rolls Royce Phantom 470,295 USD

Ferrari 458 233,509 USD

Ferrari 599 $320,580

Rolls Royce Drophead 469,900 USD

Bentley Mulsanne 298,900 USD

Pre-All Black/White Collection

Ferrari F430 $279,000

Black Ferrari 599 $320,580

Lamborghini Murcielago $330,000

Mercedes SLR $500,750

Sub-Total (excluding Bugatti): $3,915,414.00

Insurance runs at 2.21% of the purchase cost per vehicle per year: 2.21%*$3,915,414.00*(70-36)=$2,942,042.08 based on initial quote from Hagerty Insurance. Let’s assume he maintains a similar size fleet throughout.

Mean cost per vehicle: $326,284.50

New vehicles purchased per annum: 2

Projected cost in 2014 USD of vehicles between 1/1/2014 & Floyd’s 70th birthday: $22,187,346.00

Add: Cost of cars already bought

Total lifetime spend on cars: $26,102,760.00

Recouped value from trade-ins assuming 2 cars in & 2 cars out of fleet per annum – assuming a trade-in value of 40% of purchase price = 2*$326,284.50*40%*(70-36)= (inflow of) $8,874,938.40

Floyd Mayweather only wears shoes once. Let’s assume he wears 1.75 pairs of shoes per day. Let’s assume (conservatively) the mean pair of shows retails at $195.00 – that’s a lifetime spend of 1.75*365.25*$195.00*(70-30) = $4,985,662.50 on shoes alone – assuming this practice started at age 30.

His 22,000- square foot Las Vegas home – $9-million – has five-bedrooms & seven-baths & is custom-built on a gated community golf course. $3,000 in monthly gardening maintenance – $36,000.00 per annum or (70-30)*$36,000.00 in lifetime costs assuming this practice started at age 30 = $1,440,000.00.

He bought his fiancée Shantel Jackson a $2.5 million engagement ring. It went nicely with her other jewellery collection… Mayweather also paid $16 million to buy his fiancée a 27.64-carat diamond necklace called The Heart of Eternity. Assuming she is now the legal owner of both of these items that’s an additional $18,500,000.00. Ferrari 458 Spyder for Jackson $257,412.00.

Floyd gambles compulsively & obsessively – this is perhaps the easiest financial loss to quantify as anyone who gambles as often and consistently as he does regresses decidedly toward the bookie edge of 4.54%. Betting a mean $50,000.00 per day from age 30 to age 70 would likely lead to a nett loss of $50,000.00*365.25*(70-30)*4.54%=$33,164,700.00.

Custom watch collection: $6,400,000.00 (in one box). Let’s assume the resale value at a pawn shop for these items is $2,000,000.00. Net expense of $4,400,000.00.

Four court-side tickets to Game 7 of the Heat-Spurs = $80,000.00.

Earrings and a necklace for his 13-year-old daughter = $250,000.00.

Personal Barber – on call – estimated at $40,000.00 per annum. $40,000.00 * (let’s assume this service commenced when he was 32 so 70-32) = $1,520,000.00.

Cadillac golf cart – $20,000.00.

Diamonds of Atlanta Strip Club visit with Ray J. – assumed half of $50,000.00 total spend for $25,000.00.

Leather Jacket – $100,000.00.

Burnt $100.00 bill in Atlanta night club.

Personal Expenses: $215,522.40 + $1,728,000.00 + $50,000.00 + $26,102,760.00 + $2,942,042.08 – $8,874,938.40 + $4,985,662.50 + $1,440,000.00 + $18,500,000.00 + $33,164,700.00 + $80,000.00 + $250,000.00 + $1,520,000.00 + $20,000.00 + $25,000.00 + $100,000.00 + $257,412.00 + $100.00 + $4,400,000.00 = $86,906,260.58.

Starting to see how Floyd could renege on a Florida property deal? With $107,488,166.72 in actual after tax income & publicly discernible expenses of $86,906,260.58 – assuming I have accounted for anything less than 80.85% of his actual expenses (& I have to assume that its unlikely I’d be able to have found anything more than 65% of his actual expenses without intimate knowledge & access to his accounts) Mayweather’s journey to financial oblivion seems pre-ordained.

“He’s following the regimen of other successful fighters that had no income away from boxing. And he’s 36 years old. He’s got to actually think about his future…..When you’re at that point when you find yourself hitting rock bottom… well hopefully he comes to his senses before it gets to that point.“ 50 Cent

Floyd doesn’t have a single endorsement deal. He has an apparel company called The Money Team, but no deals with Nike, Adidas or Reebok. Mayweather’s company did well at a trade fair selling some $200,000.00 of merchandise (assumed margin of 35% meaning $70,000.00 in gross profit) which the other so-called Money Team celebrated with $100,000.00 worth of champagne & other frivolity – hardly the sort of business acumen one deems likely to result in long run upside for the enterprise.

‘We don’t know what we’re doing until we do it,’Mayweather assistant.

I regard Mayweather as an era-defining talent; a generally good soul who is generous & kind but who is charting a course to financial oblivion that will render him a laughing stock on or before:

13 June, 2017

SI: Tell us about your best investment.

Mayweather: I don’t want to put that out there. I don’t want anybody taking the blueprint of what I do. I keep that to myself. Just know that I’m in a good position.

“When I was growing up, seven of us lived in one bedroom. I got a closet now that’s bigger than that bedroom was.” Floyd Mayweather

“When you take a broke person out of the slums and give them a chance at bettering themselves, in due time, their true colors will eventually reveals itself. That’s why they say, leave trash in the garbage for bums to dig through because you will find yourself hanging around garbage so much, you’ll forget how rotten it is,” Floyd Mayweather.

Historical Precedents

Evicted: Holyfield was forced to move out of his palatial 109-room mansion south of Atlanta in July after failing to come up with $14million in back mortgage payments.
Evander Holyfield was forced to move out of his 109-room Atlanta mansion after failing to come up with $14 million in overdue mortgage payments. Manny Pacquiao owes the governments of the United States & the Philippines a combined $68,000,000.00.

Official documents show the IRS claims he owes the government federal income taxes from 2006 to 2010 … totalling $18,313,668.79 in debt.

Yearly breakdown:

2006 — $1,160,324.30

2007 — $2,035,992.50

2008 — $2,862,437.11

2009 — $8,022,915.87

2010 — $4,231,999.01

Manny’s U.S. tax issues come on the heels of a nasty tax war in his home country, The Philippines government claim he evaded paying $50 million in taxes in 2008 and 2009 alone. Philippines officials have frozen the bank accounts Manny has in the country … and even placed a lien on one of his most expensive properties.

But the most inescapable signal of Mayweather’s downfall is that its happened before & is why he came out of retirement:

“He wasn’t broke,” Floyd Sr says. “But he had a money problem.”

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
<---- 5....
http://www.youtube.com/watch?v=Dlgiritpmfo

=======================================

Ditch the paper, save the trees, and go mobile! Text bizcard to 32462!

Like, someone actually sat down and wrote this shit

They need to be checked on bullshit.

Not once did dude account for Floyd investing money

does it even matter?

.

After all that effort - the only thing that this
confirms is just how mad Mayweather can
make certain people.

He'd be a great OKP.

-->

Breathe through the nose
keep the mouth closed.
Through the blood
Chi goes where the dow flows.

Damn he's hating up a storm

I'm not a Mayweather fan....But COT DAMN....These fuckers have no shame...This shit is ridiculous....Why is dude all up in Mayweather's pockets?

They really are mad....

what would y'all's reaction be? dude is reaching hard by assuming Mayweather is going to keep spending at his current rate, but he did kind of blow through his fortune once already.

>what would y'all's reaction be? dude is reaching hard by
>assuming Mayweather is going to keep spending at his current
>rate, but he did kind of blow through his fortune once
>already.

I actually think there is some merit in keeping tabs on
Floyd's spending/expenses - but it's not this guy's job
to do so - particularly when he really has no real knowledge
of Mayweather's financial situation other than hearsay and
him being mad at the extravagant lifestyle Floyd is afforded
from his monstrous earnings.

Could Floyd mis-manage his money? to quote him, 'Absolutely.'

But does this irrationally angry know anything about that? Absolutely not.


-->

Breathe through the nose
keep the mouth closed.
Through the blood
Chi goes where the dow flows.

Promoted by a notorious bloodsucker, and had nobody
around him to watch him.

Floyd has nothing but exploited boxers in his family,
is 36 years old, and built his fame by himself.

.

____________________

Behold my works,ye mighty

I doubt it...

white or not. a fool and his money....

"If you wanna help us, fine. Sit down with your kids and make 'em study at night...otherwise, shoot THIS mothaf*cka!" (c) Morgan Freeman,

How many times have we seen that?

"If you wanna help us, fine. Sit down with your kids and make 'em study at night...otherwise, shoot THIS mothaf*cka!" (c) Morgan Freeman,

This kind of stuff is clearly born out of the spite ppl have towards Floyd. They can't stand that he's flamboyant & winning. And since Pacquiao went to sleep then only thing they got left is to wait for his downfall financially. This is some real hater shit..


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
<---- 5....
http://www.youtube.com/watch?v=Dlgiritpmfo

=======================================

Ditch the paper, save the trees, and go mobile! Text bizcard to 32462!

http://www.youtube.com/watch?v=_57vFnFYr1Y

around the 25 minute mark

f'n hilarious

he knocks dude out, and then knocks him out again before he hits the ground

interesting to see how raw he was back then

compared to how polished he is now

still had the forearm going though

oh, and I didn't read all that bullshit

Not saying this will happen to Floyd but it happens.

http://soundcloud.com/djshinobishaw
http://www.rareformnyc.com
http://twitter.com/DJShinobiShaw
https://twitter.com/RareFormNYC
PSN: ShinobiShaw

"Arm Leg Leg Arm How you doin?" (c)T510

Floyd is no more immune to making poor financial decisions than anyone else.


The issue is why is that the topic instead what Floyd is doing? We're watching one of the all-time greats in his prime mowing down competition like amateurs. Shouldn't there a few more stories about that?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
<---- 5....
http://www.youtube.com/watch?v=Dlgiritpmfo

=======================================

Ditch the paper, save the trees, and go mobile! Text bizcard to 32462!

"If you wanna help us, fine. Sit down with your kids and make 'em study at night...otherwise, shoot THIS mothaf*cka!" (c) Morgan Freeman,

"That’s why they say, leave trash in the garbage for bums to dig through because you will find yourself hanging around garbage so much, you’ll forget how rotten it is,” Floyd Mayweather

huge entourage - check
gambling addiction - check
extravagant spending - check
income subject to the highest level of taxation - check
keeps large amounts of cash on hand - check
no passive streams of income - check
dude has $100 million in a checking account for christ sake
and i believe 50 when he said floyd was living $40 million dollar check to $40 million check a couple years ago


that being said "predicting" the obvious while dude is still fighting is hating
and it certainly doesn't take this level of a break down to state what most ppl will eyes already know
let dude enjoy his life and what ever happens 5 10 yrs after his retirement we can revisit it then

___________________________________________________________________________________________________________________________________
I'm lofty. Feel free to stay lost in your feelings.