Floyd Mayweather Pulls No Punches Adding To His Pricey Portfolio Of Manhattan Real Estate

Retired boxing champ Floyd Mayweather’s heavy-hitting foray into real estate investing continues unabated. He revealed via Instagram the latest prized titles in his burgeoning portfolio of valuable New York properties —  62 multifamily buildings in Morningside Heights, Upper Manhattan, totaling $402 million and comprising over 1,000 units. 

“Guess what? All the buildings belong to me," the champ declared on Instagram to his nearly 29.7 million followers. ‘I don’t have no partners. And all the retails down below on my buildings, all of them belong to me too. Guess what? You can do the same. It’s all about making power moves.”

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10th Richest Athlete Of All Time

According to The Real Deal, which first reported Mayweather’s acquisition in October, many of the buildings are rent-stabilized. When approached by the New York Post, the real estate companies associated with the deal—Black Spruce Management brokers Arrow Real Estate and Mayweather’s Vadfa Properties real estate investment firm—did not provide further details.

According to Sportico, as of March 2024, Mayweather was the 10th richest athlete of all time, having earned $1.14 billion in his career. Mayweather once claimed he made $300 million a month from his real estate investments, which has not been verified. He has bought and sold multiple luxury properties within the last few years. In November, according to The Real Deal, he invested $100 million into equity to team up with Go Partners on a luxury rental portfolio valued at $3 billion.

Black Spruce Management, headed by Josh Gotlib, and Meyer Orbach, chairman of the Orbach Group, were also involved in that deal. As part of the agreement, Mayweather wired Go $20 million for the first closing, with the balance to be paid in the first quarter of 2025.

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A Diverse Portfolio

According to The Real Deal, upscale properties involved in the luxury property deal in Manhattan include  The Copper, twin residential towers in Murray Hill, One and Two Sutton Place North, One East River Place and 265 East 66th Street in Lenox Hill, and 685 First Avenue in Murray Hill. 

“I’m excited to announce my partnership with Go Partners,” Mayweather posted on Instagram, promoting his feature in The Real Deal. “Go Partners is a premier real estate company focusing on affordable housing and luxury assets throughout NYC. I am truly Blessed and thankful.”

Mayweather’s spending spree has continued at a feverish pace in recent weeks, crossing multiple real estate types. It has included a $10 billion office portfolio of 18 assets owned by New York-based 601W Companies and a significant stake in the former Versace Mansion turned luxury boutique hotel Villa Casa Casuarina in Miami Beach.

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From Beverages To Boxing To Buildings: Mayweather’s Business Empire

Mayweather owns multiple businesses aside from real estate. These include:

A boxing promotions company: Mayweather Promotions

Drinks brands: Good Money Whiskey and Bon Argent Champagne

A Fitness Franchise: Mayweather Boxing + Fitness. 

A Vegas Strip Club: Girl Collection

A Vegas Roller Disco: Skate Rock City

According to Sports Illustrated, Mayweather is interested in purchasing another prized New York asset, a stake in the New York Giants. The publication reports he is in talks to buy a 10% stake in the NFL team for an estimated $700 million with partner Meyer Orbach, who has a nearly 20% stake in the NBA's Minnesota Timberwolves.

“My partners and I are always looking at different opportunities, including ownership of sports teams. I can’t comment further than that,” Orbach told TMZ.

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