Floyd Mayweather has assured that generational wealth stays in his family for years to come. ‘TBE’ hung up his gloves in 2017 after pocketing a mammoth $1.2billion (£800m) in career earnings, making him the highest-paid boxer of all time. Over the years, Mayweather has splashed his cash on various lavish items such as a £40,000 diamond-encrusted iPod, a £10,000 one-of-a-kind golf buggy and a fleet of supercars worth over £20m. But more recently he has focused his outgoings on building up a large property portfolio for long-term investment. His vast property empire includes a Las Vegas mansion he bought for $10m (£7.6m), a $18m (£13.8m) Miami Beach compound in the Palm Island conclave and a $402m (£309m) block of New York apartments. However, his most recent $20m (£15.9m) purchase has been gifted to his three-year-old grandson, Kentrall Gaulden Jr. Mayweather has entered into an agreement to purchase a prominent building in New York City for ten figures. The property is located on 6th Avenue and 47th Street in Manhattan and comes complete with offices, a diamond exchange, and a large, income-generating billboard. Mayweather regularly frequented the diamond district, which is now owned by his grandson. “I used to shop in the diamond exchange as a young adult,” he said in a statement. “I never thought I would end up owning this important property at the entrance of 47th street… “Through hard work and dedication anything is possible.” “I got you a gift,” he said. “Guess what I bought you? “You are the first kid that owns a building in the diamond district in New York City.” Kentrall smiled and wrapped his arms around his grandad. ‘Money Mayweather’ may be flashing his cash now but it wasn’t always this way. The five-weight world champion grew up in a one-bedroom apartment with six relatives in New Brunswick, New Jersey. “When people see what I have now, they have no idea of where I came from and how I didn’t have anything growing up,” he told Mercury News in 2007.
