It seems almost impossible to believe that Floyd Mayweather—the man who built an empire around the name ‘Money’—could ever go broke. But even the mightiest empires can fall. So, the question is, are these rumors about the retired boxer going broke real? Though nothing concrete has emerged, his recent social media behavior suggests that all might not be well behind the scenes.
Everything began when Mayweather’s former friend, 50 Cent, trolled Mayweather on social media by sharing a clip from Fighters Corner News titled “Stephen A. Smith EXPOSES Floyd Mayweather For Going BANKRUPT After $402 Million SCAM.” This was in response to Mayweather’s claims that he had bought 62 apartment buildings in Manhattan for $402 million. Soon, boxing insider Rick Glaser too stepped in sharing, “Rumors of Floyd Mayweather Jr being in financial trouble is hard to shallow, but is deeply rooted I’m told. Lets hope it’s not true. It would be a real fall from grace for the former fighter known as ‘Money’.”
This assertion was later bolstered by an exclusive report from Business Insider, which revealed that none of the properties Mayweather was talking about had changed ownership per New York City property records. The NYC Housing Partnership also claimed, through a spokesperson, that they were not alerted about a pending property sale.
Following all this, Mayweather recently flaunted his multimillion-dollar watch collection on Instagram as a way of showing his pockets are still full. However, now he is promoting a cryptocurrency on the same social media platform, which previously attracted comments from netizens suggesting it was a way of making money because he was bankrupt.
He captioned the Instagram story, “Join the movement,” while sharing a pamphlet of the cryptocurrency, ACET, which is hosting a private Zoom meeting featuring its founder and Floyd Mayweather. In a previous post about the same, Mayweather promised participants to give away one of his championship belts alongside other exclusive goodies like signed gloves.
The post from Mayweather also promised 100 USDT tokens for people who swapped $20,000 worth of ACET. Regardless, this isn’t the only sign that Mayweather might be facing financial troubles.
Employees protested outside the LA Gym owned by Floyd Mayweather
Back in December 2024, employees at Floyd Mayweather’s Los Angeles gym staged a protest over unpaid salaries, claiming they hadn’t received payment for weeks. The disgruntled staff gathered outside the Highland Avenue facility, holding signs like “The $ Team has no $” and accusing Mayweather’s company of “modern-day slavery.”
“We’re out here just letting everybody know that they have not been treating us right,” said one employee. Workers say they’re unable to pay rent or bills and are being silenced. “I was told that we can’t tell him [Mayweather]. I can’t tell him that our studio’s closing, and he was here two weeks ago. We’ve been silenced.”
MIAMI GARDENS, FLORIDA – JUNE 06: Floyd Mayweatherenters the ring for his contracted exhibition boxing match against Logan Paul at Hard Rock Stadium on June 06, 2021 in Miami Gardens, Florida. (Photo by Cliff Hawkins/Getty Images)
The staff also accused Mayweather Boxing + Fitness of violating California Labor Code 210, which penalizes late wage payments. This protest follows the closure of another Mayweather gym in Elk Grove after missed rent payments. However, an insider later revealed that the gym was a franchise, and Mayweather wasn’t directly responsible for the payment delays.
That said, every move Floyd Mayweather makes only seems to deepen the speculation surrounding his financial issues. Yet, the truth remains uncertain. Only time will reveal whether there’s any weight to the whispers. Could ‘Money’ Mayweather really be broke?
The post Floyd Mayweather Turns to Fans Amid Growing Bankruptcy Rumors appeared first on EssentiallySports.
