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re: How sad will it be when Floyd Mayweather is retired and broke

Posted on 8/10/15 at 9:17 am to
Posted by lsupride87
Member since Dec 2007
94889 posts
Posted on 8/10/15 at 9:17 am to
Not sure why you are lauging. It almost is impossible with 700 million to go broke. Sure he may file bankruptcy but going broke is pretty much impossible
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 8/10/15 at 9:29 am to
It's funny how each time you post his net worth goes up. His net worth is estimated around $400 million. No one could publicly know for sure though. Only a measly $300 million difference than what you claim.
Posted by DirklasDaDirk
St. Martin Parish
Member since Dec 2010
1498 posts
Posted on 8/10/15 at 9:30 am to
quote:

First off no. 50 cents deal gave him close to 410 million. Floyd is already worth 650 million.


Where are you getting this 650 million from? Not saying you're wrong, but please supply a link and not just something your barber told you last week.
Posted by lsupride87
Member since Dec 2007
94889 posts
Posted on 8/10/15 at 9:31 am to
quote:

His net worth is estimated around $400 million
Umm no it isnt. After his most recent fight it is now at 650+

LINK
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 8/10/15 at 9:41 am to
And according to the first link on Google it is $400 million.

LINK

Either of those is significantly less than the $700 million that you claim. They are both not much more than wild guesses though.
Posted by lsupride87
Member since Dec 2007
94889 posts
Posted on 8/10/15 at 9:42 am to
Regardless, with that net worth the chances of him going broke are almost nothing. He may file bankruptcy, be he isnt broke. Both of the "broke" examples in this thread still have net worths over a million
Posted by ShaneTheLegLechler
Member since Dec 2011
60119 posts
Posted on 8/10/15 at 9:47 am to
quote:

While I agree with people in this thread that it seems almost impossible for him to go broke, he is almost like a case study. The dude comes across as an idiot, gambles milions, and is at risk of mental illness due to his profession.


This. It will be fascinating to watch honestly. if he does manage to go broke it will be quite the feat
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 8/10/15 at 9:51 am to
It would be pretty much impossible for him to go completely broke in the living on the street sort of way, sure. At the worst he would be able to make money off of his name. He could become relatively broke though and end up having to live on a close to average type of budget, which would be pathetic because the money he has should keep him wealthy his entire life and set up a legacy that lasts generations.
Posted by DirklasDaDirk
St. Martin Parish
Member since Dec 2010
1498 posts
Posted on 8/10/15 at 9:54 am to
Floyd has about the same reading level as Forrest Gump, and by the end of the movie he was living in his momma's house.
Posted by lsupride87
Member since Dec 2007
94889 posts
Posted on 8/10/15 at 9:56 am to
quote:

Floyd has about the same reading level as Forrest Gump, and by the end of the movie he was living in his momma's house.
Forrest was close to a billionaire at that point between his Apple shares and Bubba Gump
This post was edited on 8/10/15 at 9:57 am
Posted by ShaneTheLegLechler
Member since Dec 2011
60119 posts
Posted on 8/10/15 at 9:57 am to
They really should have academics following him around. Give an illiterate moron a seemingly unblowable amount of cash and see what happens
Posted by lsufball19
Franklin, TN
Member since Sep 2008
64475 posts
Posted on 8/10/15 at 10:04 am to
quote:

It's damn near impossible to go broke with the amount of money he has.

signed Mike Tyson and Evander Holyfield
Posted by lsupride87
Member since Dec 2007
94889 posts
Posted on 8/10/15 at 10:06 am to
quote:

signed Mike Tyson and Evander Holyfield
Signed both arent close to being broke
Posted by Brightside Bengal
Old Metairie
Member since Sep 2007
3882 posts
Posted on 8/10/15 at 10:08 am to
While Floyd does live an outrageously expensive lifestyle, people that know him well will tell you he actually is pretty financially sound minded.

Alot of his spending gets the media attention, but he understands how to generate revenue better than anyone in boxing. And as said earlier, his business interests will continue to generate revenue after he retires.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
64475 posts
Posted on 8/10/15 at 10:13 am to
quote:

Signed both arent close to being broke

both had fortunes of 200+ million dollars and both filed for bankruptcy. regardless if mayweather handles his own promotions, as others have mentioned, he has an enormous entourage, a well documented gambling obsession, millions upon millions wrapped up in houses and cars, a huge staff to maintain his houses, etc. he does not have enough money to continue the lifestyle he does without the massive amount of money he makes off of his fights. it will be interesting to see how he handles himself once he's out of the ring. too many people to count have a problem getting away from that life once their careers are over. all i'm saying is, regardless of what he's worth now, it's not impossible for him to blow through all of the fortune he's accumulated.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
64475 posts
Posted on 8/10/15 at 10:14 am to
quote:

his business interests will continue to generate revenue after he retires.

they may continue to generate money, but they won't be able to support his current lifestyle. he's going to have to restructure his spending the day he decides to hang it up. whether he will or not is to be determined
Posted by StrongBackWeakMind
Member since May 2014
22650 posts
Posted on 8/10/15 at 10:17 am to
(no message)
This post was edited on 8/13/15 at 1:20 pm
Posted by lsupride87
Member since Dec 2007
94889 posts
Posted on 8/10/15 at 10:20 am to
quote:

Tyson admitted to being broke.
Well I think the definition of broke is different for him and me then. Having a huge house and a million dollars isnt broke to me
Posted by stevengtiger
Member since Jul 2013
2778 posts
Posted on 8/10/15 at 11:09 am to
quote:

Well I think the definition of broke is different for him and me then


It is all relative. I know someone who has squandered a few hundred mill over a lifetime. Planes, cars, property, bad investment, dozens of employees. This man is not broke to me because he still has LOTS of money. But if I was having to sell real estate, investments and my personsal property to buy grocerys and keep myself going, I would feel broke as shite.
Posted by DirklasDaDirk
St. Martin Parish
Member since Dec 2010
1498 posts
Posted on 8/10/15 at 11:29 am to
quote:

It is all relative. I know someone who has squandered a few hundred mill over a lifetime. Planes, cars, property, bad investment, dozens of employees. This man is not broke to me because he still has LOTS of money. But if I was having to sell real estate, investments and my personsal property to buy grocerys and keep myself going, I would feel broke as shite.


This someone.. did you know him by Jay or Mr. Gatsby?
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