Floyd Mayweather Secures $402M Affordable Housing Deal in New York City

• Floyd Mayweather has reportedly invested over £300 million in an extensive property portfolio
• At 47, Mayweather has built a vast business empire spanning real estate, luxury cars, and high-end watches
• Now, he’s set to expand further with a major deal for a block of affordable Manhattan apartments

Floyd Mayweather is reportedly poised to spend $402 million on a block of New York apartments, expanding his already impressive property empire.

Mayweather is well-known for his $10 million Las Vegas mansion, which includes guesthouses and a private vineyard, along with his $18 million Miami Beach compound.

Now, he’s continuing to expand this impressive portfolio even further.

According to The Real Deal, he has entered a contract with Josh Gotlib of Black Spruce Management to acquire a 1,000-unit affordable housing portfolio spanning over 60 Manhattan buildings.

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This would mark one of the city’s biggest housing deals this year—a venture close to Mayweather’s heart.

Mayweather already has other property investments

This isn’t his first foray into New York real estate; in 2022, he acquired nine skyscrapers and invested in a planned Times Square casino.

The deal, which focuses on multifamily housing in Upper Manhattan, is set to become official with part of the portfolio closing this week.

Since retiring from professional boxing in 2017 with an undefeated 50-0 record, the 47-year-old boxing legend has continued to earn millions from exhibition bouts, bringing in over $250 million through fights with celebrities and influencers.

He left the sport of boxing in 2017 with a 50-0 record and has appeared in several exhibition bouts against mixed martial arts MMA stars and YouTubers.

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Mayweather buys second private jet

YEN.com.gh reported that Floyd Mayweather bought a second private jet years after initially owning his first, which is reportedly worth about $50 million, which is named “Air Mayweather”.

He flaunted the new jet on Instagram, showing where it is being branded “TMT”, which stands for The Money Team. It features 12 premium seats with gold-plated cup holders. He is reportedly worth about $703mil.

His first jet reportedly cost $50 million and is named, 'Air Mayweather', and has a multitude of lavish features thanks to his $703 million net worth

Source: YEN.com.gh