Floyd Mayweather Invests $402 Million in Acquiring More Than 60 Affordable Housing Properties in New York City.ThanhSinh

Floyd Mayweather
Floyd Mayweather, renowned as one of the greatest boxers in history, is making waves in the real estate world by finalizing a $402 million deal to acquire over 60 buildings in New York City, totaling more than 1,000 units. This acquisition marks a significant milestone in Mayweather’s ongoing venture into real estate investment. Reflecting on this achievement, Mayweather told TMZ, “Growing up I used to dream about owning just one home by myself, when you work hard you can achieve anything.” His words highlight the personal significance of this accomplishment for a man who has built a vast fortune after overcoming severe hardships.

The properties, sold by Black Spruce Management, benefit from Article XI tax exemptions, which are offered to developments that support affordable housing initiatives. According to Hollywood Unlocked, this deal was not Mayweather’s first experience with real estate in New York City. He has previously invested in skyscrapers and was notably involved in SL Green’s proposal to bring a casino to Times Square, as reported by The Real Deal.

This latest deal, however, carries added emotional weight for Mayweather, who has frequently shared stories of growing up in poverty. He spent his childhood in a small, overcrowded apartment in New Jersey, an experience that shaped his desire to provide affordable housing for others. “People see my success today but have no idea of the hardships I faced growing up with almost nothing,” Mayweather told Mercury News in a 2007 interview, emphasizing his deep connection to the mission of affordable housing.Mayweather’s real estate journey is part of a broader strategy to diversify his post-retirement portfolio, which includes other ventures such as exhibition boxing matches. In a recent Instagram post, he remarked, “Retirement isn’t about slowing down; it’s about living on your own terms.” He remains focused on creating new financial opportunities, noting that while figures like Jeff Bezos and Warren Buffett are celebrated for their ongoing success, he often faces criticism for continuing to build wealth as a Black man. “Too many are busy watching my pockets while I’m still building my legacy,” he added.

Mayweather’s real estate investments span beyond New York City. He is also known for purchasing multi-million-dollar properties across the U.S., including luxury homes in Miami, Los Angeles, and Las Vegas. His $25.5 million Beverly Hills mansion and a $10 million Vegas property showcase his penchant for high-value investments, but his recent focus on affordable housing reflects a deeper, more personal mission. His journey from poverty to success underscores his philosophy that wealth-building should include giving back to communities that mirror his own upbringing.

This new acquisition represents both a business success and a deeply personal victory for Mayweather, who continues to prove that his vision extends far beyond the boxing ring.

Related Posts

Shaq Kicks Tim Walz Out Of His Restaurant: “Don’t Come Back You’re A Disappointment”.Bi

Shaq Kicks Tim Walz Out Of His Restaurant: “Don’t Come Back You’re A Disappointment” In a bizarre twist of events that seems straight out of a reality show, NBA legend…

Read more

Elon Musk Says, “I’d Pick Sewer Water Over Seeing Taylor Swift Perform at the Super Bowl”.Bi

Elon Musk Says, “I’d Pick Sewer Water Over Seeing Taylor Swift Perform at the Super Bowl” Elon Musk, the billionaire entrepreneur known for his unfiltered remarks, has once again stirred…

Read more

Jack Black Suffers Almost $15 Million Loss in Concert Tours After Backlash.Bi

Jack Black Suffers Almost $15 Million Loss in Concert Tours After Backlash Jack Black has found himself in hot water recently, facing nearly $15 million in losses from his concert…

Read more

Witnessing him scale the balcony, I immediately dialed the authorities, yet tragically, I was already too late. Just before taking the leap, Liam Payne bellowed out in anguish.ThanhSinh

  Passerby: I called the police when I saw him climbing onto the balcony but it was too late. Before jumping, Liam Payne shouted loudly that… Upon witnessing a chilling…

Read more

$1 Billion Investment From Elon Musk In Mel Gibson And Mark Wahlberg’s Traditional Values Production Studio.Bi

Elon Musk Invests $1 Billion In Gibson And Wahlberg’s New Studio Focused On Traditional Values Elon Musk has made headlines once again, this time by investing $1 billion in a…

Read more

Ángela Aguilar Speaks Out on Marriage to Christian Nodal Months After His Split: ‘No One’s Heart Got Broken’.Yen

The Mexican singers tied the knot on July 24 Ángela Aguilar and Christian Nodal in October 2024. Photo: Alberto E. Rodriguez/Getty Ángela Aguilar is opening up about her marriage to Christian Nodal. The Mexican…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *