Floyd Mayweather is known not only for his talent in the ring but also for his huge fortune. Owning luxury villas from Las Vegas to Miami, along with many cars, luxury watches, real estate…, Mayweather is still constantly expanding his financial “empire”.

Recently, he continued to attract public attention when he spent more than 400 million USD to buy a portfolio of apartments in New York. But what motivated a boxer living in a million-dollar villa to invest in thousands of apartments? According to information from The Real Deal, Mayweather agreed to buy 1,000 apartments in the Manhattan area with an estimated value of more than 402 million USD.

These apartments are mainly affordable housing, something Mayweather has always been interested in since he was a child. Growing up in poverty, living with a large family in a small room in New Jersey, Mayweather once shared: “When I was a kid, sometimes we didn’t even have electricity to use”.

The public cannot help but wonder: why did Mayweather, who lives in luxurious villas, buy a series of cheap apartments? Is he going to move here? In fact, the answer is no.

These apartments are not for Mayweather to live in, but for investment. Mayweather’s real estate empire does not stop at luxurious houses, but also extends to more sustainable areas such as social housing.

Buying an apartment in Manhattan is part of his long-term investment plan. Thanks to incentives from the Article XI program, some properties in this category will be tax-free for up to 40 years if at least two-thirds of the apartments are distributed as affordable housing. This is a smart move that helps Mayweather increase profits while minimizing financial risks.
Not only stopping at real estate, Mayweather also invested in a series of other fields such as NASCAR racing cars, boxing gyms, and there are even rumors that he is considering buying an NBA basketball team. With a diverse portfolio of assets and business acumen, Mayweather has overcome the “Money Man” label on the ring to become a big investor.

Regarding the purchase of an apartment in New York, this is not the first time Mayweather has shocked with huge real estate deals. Previously, he sold a villa in Miami for a profit of nearly 22.5 million USD and put another villa in Las Vegas on the market for 12.5 million USD. These moves show that he is constantly looking for opportunities to increase his assets.

Mayweather’s purchase of thousands of apartments is not to serve his personal needs but is a strategic step in the process of expanding the scale of real estate ownership. “Money Man” is not just a nickname but also reflects the boxing champion’s outstanding business vision.