Floyd Mayweather Invests in $10 Billion Project a Month After $402M Real Estate Splurge

Floyd Mayweather has landed yet another knockout—not the kind inside a boxing ring though. This time, outside the ring and in the world of high-stakes investments. The richest boxer in history has reportedly taken a major leap into the office real estate sector, further solidifying his prowess as a savvy investor.

This move follows Mayweather's recent headline-grabbing acquisition, a $402 million deal for a 1,000-unit affordable housing portfolio spanning over 60 buildings. But where has the five-division champion set his sights now?

According to his spokesperson and Mark Karasick, managing member of 601W Companies, the boxing legend has invested in one of 601W's flagship portfolios. Known as a heavyweight in the real estate world, 601W Companies boasts a $10 billion portfolio comprising 18 office buildings spread across 10 million square feet.

That brings us to the big question, how much did the richest boxer spend this time? According to The Real Deal Real Estate News, neither Floyd Mayweather , his spokesperson, nor the 601W Companies representative have disclosed the exact figure. However, the real estate news outlet reported that a source hinted this might be Mayweather's largest investment ever.

With this investment under his financial belt, the former world champion will become an owner-partner of several properties, which happen to include the Amazon-anchored 410 10th Avenue in Hudson Yards, the Aon Center, the Old Post Office Building in Chicago, and as icing on top, Jersey City's Harborside office complex.

The retired boxer seems to be betting on the post-pandemic move back to the office. Mayweather's spokesperson told the real estate news outlet that he sees good profitability in the 601W portfolio, especially because of the landlord's work thus far. 601W itself made bold moves during COVID-19 by expanding its business.

For instance, the company paid $952 million for 410 10th Avenue to SL Green in 2020, which the seller had scheduled for redevelopment. Regardless, Mayweather continues to be bullish on his investment with his latest splurge, which he shared on his Instagram story today. Now, coming to Mayweather's investment in October.

Floyd Mayweather lets go of $402 million in real estate investment Just last month, Mr. 'Money' parted ways with a whopping $402 million, as he stepped into the Manhattan multifamily real estate sector. He reportedly purchased a 1,000-unit affordable housing portfolio, spanning over 60 buildings located in Upper Manhattan, which was one of New York City's largest real estate transactions this year.

While a part of the deal has been finalized, the rest is expected to be finalized in 2025. In the past, Mayweather has invested in skyscrapers alongside SL Green and is also part of the Times Square casino bid. But, with his investment in the 1,000-unit affordable housing portfolio, he seems to have an emotional connection.

You see, Mayweather wasn't always this wealthy—he grew up in a one-bedroom apartment shared with six other family members in New Jersey. So, his connection to the affordable housing mission was significant to him and his roots, as it emphasized his commitment to giving back.

That said, Floyd Mayweather seems to be in the mood to end 2024 with massive investments. With one month still left in the year, the retired boxer may make the headlines one more time. What did you think about his latest investment?