By Allan Fox: Floyd Mayweather Jr. (44-0, 26 KO’s) reportedly has a huge chunk of his assets in one bank account. According to ESPN, Mayweather Jr. has $123 million in one bank account. This is obviously unusual in this day and age with wealthy people spreading their money around in stocks and hidden Swiss bank accounts.
Mayweather Jr. is set to add an additional $41.5 million to his $123 million pot of gold with his fight against WBA/WBC junior middleweight champion Saul “Canelo” Alvarez (42-0-1, 30 KO’s) on September 14th. That raises Mayweather Jr’s bank account to $164.5 million if he chooses to deposit it into that account.
Tim Keown said to ESPN “I had heard that Floyd does his banking the old fashioned way: going inside, talking to a real-life teller. He is also known to be a big proponent if maximum liquidity. Still, the amount of digits spread across the bottom right corner doesn’t seem possible.”
Mayweather Jr. showed Keown one of his bank account slips with the $123 million figure on it, telling him “One account, baby.”
With Mayweather still having 4 more fights on his Showtime/CBS contract after the Canelo bout, he could very well end up with another $140 million + to go along with the $164 million. That would put him at over $300 million in his bank if he continues to make over $30 million per fight after his Canelo fight.
Mayweather Jr. might still have something left in the tank when he finishes his contract with Showtime, so there’s a possibility that he could add to his huge bank account. How much more will depend on how well he ages and how quickly he chooses to fight.
If Mayweather Jr. can fight 3 to 4 times a year, he could squeeze in another $100 million or more after his Showtime contract runs out, as long as he keeps winning like he’s been doing.
Mayweather Jr. probably has a good reason for keeping a chunk of his money in one account, but it’s hard to understand what that reason is right off hand.
There’s a possibility that Mayweather will make even more than $41.5 million for the Canelo fight if the fight draws 2 million pay-per-view buys or more.
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