Floyd Mayweather on how to make -- and spend -- a buck
Boxing nicknames can be funny, sometimes to the point of parody. There are "Dominators" with losing records, "Destroyers" with little punching power, plodding "Ghosts." But Floyd Mayweather's nom de guerre, "Money," fits perfectly. The man makes more coin than any athlete in the world and tops the 2013 incarnation of SI's annual Fortunate 50 list. By our estimates, even if he fights only twice a year, Mayweather will earn in the neighborhood -- a decidedly upscale neighborhood -- of $100 million. This is mostly on account of an unprecedented Showtime deal that guarantees him $32 million per fight before the first pay-per-view buy is tabulated.
But Mayweather also spends money as heroically as he earns it. There are the fleets of luxury cars on both coasts. (The white ones are in Vegas; the black ones in Miami.) There's the private plane. There are the gambling sprees, small fortunes lost and gained on the halftime scores of Horizon League games. It was 50 Cent, Mayweather's frenemy, who recently summed up Money's financial planning this way: "It's fight, get the money, spend the money, fight. Fight, get the money, spend the money, fight."
Not so, says Mayweather. On the eve of his May 4 bout against Robert Guerrero -- an easy decision that pushed his record to 44-0 -- Mayweather sparred with SI on the topic of his finances.
It was so crazy that the head guys from CBS came to me and said, Floyd, after 30 months we want to do another deal with you. I was like, Hold on. Just slow down. First let's get past this. If I do another deal, by that time, I'd probably made a billion dollars with you guys. So like I said before, when my career is over in 30 months, my main focus is just the up and coming young fighters under my banner, taking them to the next level. Like I said, I like my name to be involved with things that are successful. It's all about involving your name with things that are successful, because that's long term.