Mayweather in Million-Dollar Mansions: Why Did He Buy 1,000 Apartments?

Floyd Mayweather, the boxing legend, is not only renowned for his victories in the ring but also for his exceptional financial acumen. Recently, he spent $402 million to acquire 1,000 apartments in Manhattan, New York. This move raises the question: why would Mayweather, who resides in luxurious mansions, invest in this type of real estate?

Million-Dollar Mansions and Mayweather’s Real Estate Empire

Currently, Mayweather owns opulent properties in Las Vegas and Miami, along with a vast array of valuable assets such as luxury cars and expensive watches. Yet, he continues to expand his real estate portfolio.

Mayweather purchased 1,000 apartments in Manhattan, primarily affordable housing units. This investment aligns with his personal interest in sustainable real estate, possibly influenced by his challenging childhood. He once revealed:

“When I was young, we didn’t even have electricity at times.”

Despite living in million-dollar mansions, Mayweather has no intention of moving into these apartments. Instead, they are a key part of his long-term investment strategy.

Why Mayweather Invests in Affordable Housing

Mayweather’s decision to invest in 1,000 affordable housing units reflects a smart and calculated move:

• Article XI Incentive Program: Some properties in this portfolio qualify for up to 40 years of tax exemption, provided that at least two-thirds of the units are designated as affordable housing.
• Sustainable Investments: Rather than focusing solely on high-end mansions, Mayweather is diversifying into social housing projects, minimizing financial risks while ensuring stable returns.

This is not the first time Mayweather has made headlines with massive real estate deals. Previously, he sold a Miami mansion for a $22.5 million profit and listed another in Las Vegas for $12.5 million.

Mayweather: The Boxer-Turned-Savvy Investor

Beyond real estate, Mayweather has investments in other industries, including a NASCAR racing team, boxing gyms, and even a rumored NBA team. With a diverse asset portfolio, he has transcended his “Money Man” nickname to become a global investment powerhouse.

Mayweather is not just a resident of million-dollar mansions; he also possesses exceptional business foresight. His acquisition of 1,000 apartments in Manhattan demonstrates his financial savvy and strategic vision. Once again, Mayweather proves that he is not only a legend in boxing but also a formidable player in the world of business and investment.