Floyd Mayweather Jr. recently made headlines when he bet $750,000 on himself in a fight against Manny Pacquiao. The price? If Mayweather won, he would receive the $750,000. If he lost, Mayweather would have to pay $750,000 into the charity of Pacquiao’s choice. Although the fight was called a draw, Mayweather’s winnings are now worth more than $750 million.
Floyd Mayweather Jr. has been called the greatest boxer of all time, and many are in agreement. But one time, at Bellagio, he challenged a gambler to a wager of $750,000. In the end, he walked away with more than $750 million. The story is how Floyd made the amazing bet, and the short version is that he was able to do it due to his boxing prowess and his ability to use social media.Floyd Mayweather Jr. was at the beginning of his professional career when the moment of clarity came. The multiple world champion had the chance to take full control of his career and become the face of boxing. He just had to take a bold step to make it happen. So Mayweather did what any reasonable person would do. He wrote a $750,000 check to get out from under a bad deal, then paid it back thousands of times. He converted his newfound freedom into over $750 million.
Floyd Mayweather Jr. worked for Bob Arum
Floyd Mayweather Jr. has earned $915 million from fights and promotions over the past decade, confirming that his decision to buy out his contract with Bob Arum was the right one. | Kevork Djansezian/Getty Images Mayweather’s eight-round fight with Logan Paul at the 6th. June 2021 did not yield any points. No one would approve of a fight with a huge difference in weight and skill, so it became a demonstration match. The fight did not add to his 50-0-0 record, but it did earn Mayweather $65 million in sponsorships, guaranteed revenue and audience share. According to Forbes, pay-per-view fights have been the biggest part of Mayweather’s massive fortune, largely built on $915 million in revenue over the past decade. And it was the PPV that led Mayweather to break with Top Rank Boxing and promoter Bob Arum. Mayweather signed with Arum after a bitter end to his amateur career at the 1996 Olympics, and the deal pleased both parties. Arum carefully selected opponents for the fighters, and Mayweather became WBC super featherweight champion two years into his professional career. Mayweather won the lightweight title in 2002 and the super featherweight title in 2005. The checks kept growing and Mayweather earned a whopping $3 million every time he stepped in the ring, according to Forbes. But when he switched to the lucrative welterweight division in 2006, Mayweather saw unlimited financial opportunities.
Mayweather founded his own production company
. Mayweather made it to the PPV with victories over Arturo Gatti in 2005 and Zab Judah in 2006. None of the fights drew 400,000 buyers, but Mayweather did the math and realized that $3 million per fight didn’t make sense. Then he ventured out on his own. The champion set up his own production and management company and then used an old clause in his contract that allowed him to leave Top Rank Boxing. A $750,000 transfer fee may have seemed like a lot of money when Mayweather’s partnership with Rum began a decade ago, but today the boxer can safely write that check. Mayweather’s confidence in himself proved to be well-founded from the start of the fight. His first standalone fight against Carlos Baldomir only garnered 80% of the PPV audience from his previous fights, but Mayweather still walked away with $8 million after a unanimous decision victory. Six months later, Mayweather hit the jackpot. When his career took a step back and he was looking for another big payday, Oscar De La Hoya took the fight against Mayweather and the two made magic money. According to Forbes, nearly 2.5 million viewers bought the fight on PPV, which brought in $137 million. Mayweather won by split decision, took a 38-0 lead and earned $25 million.
Since then he has been very successful financially
. Every fight Mayweather has fought since he bought De La Hoy has earned him at least $25 million. He strengthened his financial security in 2013 by signing a six-fight contract with Showtime worth $32 million and PPV money. It seemed like a losing proposition for the cable movie channel, but executives saw Mayweather as a reliable draw. People either love him or hate him, but they watch him, Stephen Espinoza, the head of Showtime Sports, told Forbes. The coup de grace for Mayweather came in 2017 against Conor McGregor, a major UFC star with a credible boxing background. Mayweather, who has made over half a billion dollars in ten years, won by technical knockout in the 10th round. Around. Estimates of what fighters earn vary widely. Mayweather has easily passed the $200 million mark and might even have earned $300 million. He left no doubt that paying $750,000 to go with Bob Arum was the best bet in sports history. Like Sportscasting on Facebook. Follow us on Twitter @sportscasting19 . COMPARED TO: Floyd Mayweather’s insane fight that led to uproar, revocation of fighting licenses and heavy fines
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