Floyd Mayweather and $402 million investment: All about the boxer’s affordable housing portfolio
To further expand his extraordinary wealth, Floyd Mayweather makes an investment of $402 million in his housing portfolio.
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Floyd Mayweather buys affordable housing (Image via X)
Over the years, Floyd Mayweather has established a remarkable reputation through his exceptional boxing career. Even after retiring from professional boxing, Mayweather continues to make headlines. Now, Floyd Mayweather is focusing on expanding his wealth. As such, he recently made a million-dollar investment in an affordable housing portfolio.
The boxing legend is well known for his luxurious lifestyle. Over the years, Floyd Mayweather has showcased his wealth and extravagant possessions. Mayweather indulges in luxury in every aspect of his life, from high-end cars and private jets to multi-million dollar investments. Recently, he has seized another opportunity for a significant investment worth millions.
Floyd Mayweather’s $402 million affordable housing portfolio
The legendary retired boxer has finalized a groundbreaking agreement to acquire a stunning portfolio of over 1,000 affordable housing units totaling $402 million. Moreover, it also covers more than 60 buildings. According to several sources familiar with the deal, this strategic move represents a notable milestone in his investment journey,
This multifamily transaction targets properties in Upper Manhattan. Moreover, it is projected to be one of the largest transactions in New York City for this year. Currently, a slice of the portfolio closed this Wednesday, representing a crucial moment in the acquisition process.
The remaining portion of the deal is expected to be completed in the fourth quarter of this year or in early 2025. This move would reinforce Mayweather’s significant entry into the real estate market. As such, it will even establish a benchmark for a substantial impact on affordable housing in the region.
However, this isn’t Mayweather’s first time diving into the real estate market in New York City. A year ago, the boxing legend seemingly bought nine skyscrapers in New York City. Although he does not personally own nine of them, he holds an ownership stake in them through his smart investments.
Floyd Mayweather’s $402 million investment holds great value for him
Despite his current lavish lifestyle, Floyd Mayweather once faced a life of poverty. The boxing legend grew up in a challenging environment in Grand Rapids, Michigan, with a complicated family background. Throughout his childhood, he lived in poorly functioning homes and difficult neighborhoods. As a result, he now aims to give back to the community by providing affordable housing for those in need.
According to Floyd Mayweather, this investment in affordable housing resonates deeply on a personal level. It reflects his commitment to making a meaningful difference in the lives of others by showing his dedication to providing accessible living options for communities in need.
This purchase holds deep emotional significance for me and my family.
Floyd Mayweather in a statement
Despite his numerous accomplishments, the undefeated boxer is also involved in various other ventures. He owns a diverse portfolio of properties, which includes luxurious mansions and high-end strip clubs. It’s evident that the boxing legend has no plans to slow down his pursuit of wealth. It will be interesting to see how he expands his already impressive empire and what exciting new acquisitions he will make next.
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Nilaav Gogoi
(526 Articles Published)