SAN DIEGO, September 11, 2013 – Pound-for-pound boxing king Floyd “Money” Mayweather got his nickname for a very good reason. The man really does seem to be made of money.
Mayweather holds many of the big money records in boxing for his 2007 fight with Oscar De La Hoya. It’s a twist that De La Hoya will still have his name on any current records set by Saturday’s bout as the promoter of the fight through his Golden Boy Promotions.
So far, the pay-per-view fight on Showtime is already scoring big numbers. Tickets for the live audience at the MGM Grand Arena sold out in less than a day. The gate will produce just shy of $20 million, breaking the 2007 Mayweather/De La Hoya record by about $1.5 million.
Pay-per-view sales should break the financial record, if not the total number of buys, because prices have gone up since the Mayweather vs. De La Hoya fight. But Mayweather isn’t beloved by all boxing fans, and Alvarez is still building up a significant fan base. Still, Alvarez drew a crowd of 40,000 fans at the Alamodome in San Antonio for his last fight with Austin Trout. So he could exceed expectations as a draw, good news for the future of boxing as Mayweather won’t be around forever.
Mayweather is personally guaranteed a record $41.5 million for the fight. This is $10 million more than his last fight in May against Robert Guerrero. Alvarez’s payday is far below this, but still nothing to sneeze at for the average 23 year old: $12.5 million. That’s the second highest payday for any boxer fighting in the U.S. this year, with only Mayweather ahead of this number.
Mayweather breaks the previous personal payout record held by Evander Holyfield, $33 milliion for his 1997 rematch with Mike Tyson.
If you add up Mayweather’s income just from the purses from his two fights this year, he’ll report $73.5 million in income to the IRS. This doesn’t take into account his percentage as a promoter of the fight through his Mayweather Promotions (TMT, The Money Team), his contract with Showtime, his take of the gate and PPV and any other promotional contracts for things like product endorsements, apparel, and so on. There’s hardly a doubt Mayweather will be number one for the third straight year on the list of top earning athletes.
Assuming Saturday’s fight lasts all 12 rounds, Mayweather will earn $3.46 million per round, over one million dollars per minute.
Mayweather seems to spend it nearly as fast as it makes it. Money is notorious for flaunting his wealth, with his bodyguards carrying stacks of hundred-dollar bills around in designer bags.
His car collections are impressive, color coded by city. In Las Vegas his cars are white. In Miami, they are black. He has two private jets, a G5 for himself and a G4 for his entourage because he doesn’t like too much weight on a single airplane. His entourage often numbers two dozen people. He has a personal chef on duty 24 hours a day at his Vegas home.
Mayweather places huge bets at the Vegas sports books and tweets photos of the bet tickets which are often $100,000 on a single football game. A year ago, he bet $446,000 on the Baltimore Ravens to cover the spread against the Philadelphia Eagles, and won the bet. He posted the the winning ticket on Instagram.
Mayweather buys designer clothing, shoes, bags and jewelry for family and female friends (ahem). It is also said that he never wears a pair of boxer shorts or athletic shoes more than once.
So with Mayweather, $100 million apparently isn’t what it used to be.
Among the other records Mayweather and Alvarez will shoot for, set in the 2007 fight with De La Hoya:
- Biggest payday in boxing history for two fighters in one bout. Mayweather made $25 million and De La Hoya made $52 million. This will likely stand, since Alvarez is “only” making $12.5 million.
- The 2007 fight broke all pay-per-view records, with 2.45 million buys and $136,853,700 in U.S. revenue.
- The fight made a total of $165 million gross revenue, the richest fight ever.
- De La Hoya became the all-time leader in pay-per-view sales with this fight, 12.8 million buys over his career.
De La Hoya says he wouldn’t mind a bit if his records were broken by Mayweather and Alvarez, and why should he? As the promoter he gets a big bite of this rich pie.
Our Communities Live Chat for Mayweather vs. Alvarez this Saturday will not cost you even one thin dime. Join us here for a lively discussion with fellow fight fans starting at 9 p.m. Eastern Time. All our seats are in the VIP Section!
Watch Floyd Mayweather counting out a million dollars in cash on his private jet, his “walk around” money.
Gayle Lynn Falkenthal, APR, is President/Owner of the Falcon Valley Group in San Diego, California. She is also a serious boxing fan covering the Sweet Science for Communities. Read more Ringside Seat in the Communities at The Washington Times. Follow Gayle on Facebook and on Twitter @PRProSanDiego. Gayle can be reached via Google +
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Copyright © 2013 by Falcon Valley Group
Video of Money on his jet, December 2012, counting cash
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