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They call him 'Money,' but for Floyd Mayweather, the nickname is clashing with a growing chorus of claims that the boxing legend is actually broke. For his entire career, Mayweather carried the image of the richest boxer of all time. However, with new lawsuits mounting and the IRS seeking $7.3 million in unpaid taxes, cracks are now beginning to show in the image he has so carefully cultivated over the years with his lavish spending.
"Floyd has never flown commercial, and people don't understand how much that costs," said Vladislav Lyubovny, better known as DJ Vlad, told actor-comedian TK Kirkland during a recent interview. "I heard not only does he have a private plane, but he has another one just for his entourage because he doesn't want to deal with them. He has a guy whose full-time job is to clean all those cars.
"I heard he was spending something like $20,000 a night at a steakhouse for months. I heard he would go there every night and spend $20K to $30K every time. The amount of money he was spending was crazy. I'm hearing stories that he's having to sell off homes and even a plane. At the end of the day, Floyd's broke is our wealthy. But you and I together will never touch Floyd's wealth. His security said he used to see Floyd spend $1 million a day."
To be fair, Floyd Mayweather fought his entire life to build his fortune. However, reports of impulsive spending have circulated alongside his success. It is widely known that 'Money' owns two private jets, including a Gulfstream G650 worth around $60 million, along with another jet reportedly valued at around $30 million.
However, a report from Business Insider not too long ago indicated that FAA records showed he had sold one of the planes in December. Beyond that, he has also reportedly sold mansions in Beverly Hills and Miami to real estate partners. As for the steakhouse claims, a 2018 article from The Richest reported that Mayweather spent around $12,000 per week at Musashi Japanese Steakhouse, not $20K to $30K per night.
In that case, there's likely a mix of truth and exaggeration when it comes to Mayweather's spending habits. What is confirmed, however, is that the undefeated legend has faced multiple money-related lawsuits. Recently, reports surfaced that Mayweather owed hundreds of dollars for luxury purchases like watches and gold ornaments. Adding to that, a couple had also filed a lawsuit against him, seeking over $330K in unpaid rent for their Manhattan apartment.
Still, despite the growing list of legal issues, Floyd Mayweather has never officially confirmed the reports. Amid the mounting financial pressure, a former opponent has now claimed that the boxing icon still owes him money.