Floyd Mayweather's NYC Real Estate Acquisition: A $20M+ Deal
<img alt="US boxer Floyd Mayweather Jr. smiles during the weighing ceremony for his upcoming exhibition fight against John Gutti III in Mexico City on August 23, 2024. Mayweather Jr. and Gotti III will face each other in an exhibition fight in Mexico on August 24, 2024. (Photo by ALFREDO ESTRELLA / AFP) (Photo by ALFREDO ESTRELLA/AFP via Getty Images)" src="https://media.bleacherreport.com/image/upload/w_40,h_27,c_fill/v1735075644/kt0srikqajcgeckry5xw.jpg">Boxing legend Floyd Mayweather Jr. has reportedly purchased a New York City building for over $20 million, according to TMZ Sports. The building, located at the entrance of 47th Street, houses offices, a diamond exchange, and a large billboard.
Mayweather himself stated: "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. Through hard work and dedication anything is possible."
This purchase comes after Mayweather's reported $402 million deal to acquire more than 60 buildings in Upper Manhattan, totaling over 1,000 units. TMZ Sports reported that Mayweather intends to provide affordable housing to families with this larger acquisition.
Mayweather's net worth is estimated at $1.2 billion, with projections reaching $1.5 billion by 2024, showcasing his remarkable financial success beyond his boxing career. This latest real estate venture adds another significant asset to his impressive portfolio.
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