Jake Paul Claims Floyd Mayweather Is “Broke”… After Earning $1.2 Billion, Could That Actually Be Possible?

One year ago, on June 6, 2021, YouTuber Logan Paul stepped into a boxing ring to face five-division, 50-and-0 world champion Floyd Mayweather. To the amazement of all who tuned in, the fight lasted a full eight rounds, with Floyd declared the winner on points and scores. In particular, Floyd did NOT knock out Logan, as almost every Pay Per Viewer expected and predicted.

Speaking of Pay Per Viewers, approximately 1 million Fools people chipped in $49.99 to buy the match. And I confess, I was one of those Fools people.

[Don’t worry, all this set up is building towards what is implied in the article headline…]

For the fight, Floyd was guaranteed $10 million just for showing up. In practice, that meant that Floyd, as the main promoter, he paid himself $10 million about a week before the fight. He was then also guaranteed 50% of the PPV revenue that ended up being generated.

At $49.99 a pop, the match generated about $50 million in PPV revenue. Therefore, Floyd’s payday for the fight was $10 million + $25 million = $35 million.

logan paul he was guaranteed a relatively paltry $250k just for showing up. In practice, that meant Floyd paid Logan $250,000 about a week before the fight. He then he was entitled to 10% of the PPV income (the remaining 40% went to distributors and other promoters). Therefore, Logan’s total payday should have been $250k + $5 million = $5.25 million.

Keywords: “it should have been

As we said before, a year has passed and Logan Paul claims he still hasn’t been paid the $5 million PPV he’s owed. In an Instagram post marking the one-year anniversary of the fight, Logan described Floyd as “hard to hit, but even harder to collect money.

What’s going on here? Why hasn’t Floyd paid Logan?

Jake Paul actually has a pretty simple explanation. Jake thinks Logan hasn’t been paid because Floyd is “broke.”

(Photo by EVA MARIE UZCATEGUI/AFP via Getty Images)

A billion dollar athlete

We here at Celebrity Net Worth have been tracking Floyd’s career paydays for over a decade. According to our count, Total career earnings for Floyd Mayweather As of this writing they are…

$1.2 billion

That puts him in an extremely small club of athletes who have earned more than a billion dollars during their career. Other billion dollar athletes include:

  • tiger forest
  • Michael Jordan
  • Michael Schumacher
  • Jack Nicklaus
  • arnold palmer
  • Cristiano Ronaldo
  • Roger Federer

However, according to Jake Paul in a recent interview, all the money from Floyd’s $1.2 billion earnings is gone. When asked by Instagram personality Rob Moore if Logan had been paid, Jake replied the following:

Nah… Floyd is a broken man. I’ve been saying it all along… I think he passed [the money] paying all those girls to be around him.

Could Floyd Mayweather really be broke?

Honestly, in the world of boxing anything is possible. Mike Tyson earned around $450 million during his career, the inflation-adjusted equivalent of $750 million. At its historical peak, Mike’s net worth was $300 million.. In 2003, Mike filed for bankruptcy and was $23 million in debt.

Evander Holyfield at one point had a net worth of $200 million. Unfortunately, all of that money was gone by 2008.

Floyd himself has experienced surprising periods of financial instability and uncertainty, even after making huge amounts of money. In March 2017, the IRS hit Floyd with a demand for $22.2 million in back taxes dating back to income earned in 2015, the year he made $250 million fighting Manny Pacquiao. Including that $250 million payday, at this point Floyd had already made around $600 million during his career. Therefore, he may be surprised to learn that Floyd’s attorneys responded to the IRS with the claim that Floyd was unable to obtain the money on short notice because his assets were “restricted and primarily illiquid.” So when Floyd got into a fight with Conor McGregor 60 days after receiving that lawsuit, the IRS was first in line when the Pay Per View money was ready to be distributed. The IRS received the full payment of $22 million plus interest and penalties.

And then just a couple of years later Floyd’s old friend 50 Cent claimed that the boxer was broke and that is why he continues to give games.

Crazy lifestyle spending

Floyd Mayweather’s lifestyle is anything but frugal, so the idea that he may have lost a large chunk of his net worth isn’t exactly outside the realm of hypothetical possibility. Here is just a short list of hits from Floyd’s lifestyle:

On the personal real estate front, Floyd owns two mansions in Las Vegas, a $25 million mansion in Beverly Hills, an apartment in New York City, and an $18 million waterfront mansion on Palm Island in Miami.

He TWO private jets. One is a $60 million Gulfstream G650 private jet. The other is a $30 million Gulfstream III. When Floyd travels, he supposedly flies in the G650 with his closest friends, while his entourage follows him in the second plane.

by floyd known jewelry collection is worth at least $25 million, including a watch alone that cost $18 million.

Floyd owns dozens and dozens of vehicles. He once told an ESPN interviewer that he owns $15 million worth of cars that he HASN’T DRIVEN YET.

And we haven’t even talked about his gambling habit. Floyd is known to regularly place six-figure bets before major sporting events. We know because he regularly shows receipts on Instagram. It is impossible to know how much Floyd has won or lost in the game.

In conclusion

Could Floyd be broke? I wouldn’t describe that as an unimaginably impossible scenario, but I also think it’s mostly hype and talk from the Logan brothers. And speaking of the Logan brothers, just a couple of days ago, Logan was on a podcast and CLAIMED JAKE WAS BROKEN after investing all his money in cryptocurrencies.

So, until there is a bankruptcy filing, an IRS lien, or some other verifiable proof. I’m going to give Floyd the benefit of the doubt. In the meantime, wait for Floyd to start getting rid of some assets like his private planes and several of his mansions. Keep an eye on used car lots and jewelry stores in Las Vegas. Or maybe the biggest red flag of all? Wait for Floyd to announce some ridiculous boxing display like Floyd Mayweather vs. Mike Tyson going eight rounds in the metaverse… and you have to have a stupid $1,000 NFT to attend or something…