F
loyd Mayweather is expanding his real estate portfolio in a major way with a deal to acquire over 60 buildings in New York City for $402 million.

    The acquisition, which includes more than 1,000 affordable housing units, marks a significant milestone for the boxing legend and business mogul. According to The Real Deal, this multifamily purchase is one of the largest deals in NYC this year, with properties located in Upper Manhattan.

    Mayweather's journey from humble beginnings to real estate success story is a testament to his hard work and determination. Growing up in Grand Rapids, Michigan, he once lived "seven deep" in a one-bedroom apartment in New Jersey as a child. Now, he's on track to become one of the largest property owners in NYC.

    "This purchase holds deep emotional significance for me and my family," Mayweather told The Real Deal. He plans to pay off the remaining balance by the end of 2024 or early 2025. This deal is not his first foray into New York real estate; he's also invested in nine skyscrapers with SL Green.

    Mayweather's net worth is estimated at $1.2 billion, making him one of the world's wealthiest athletes and richest boxers ever. His career earnings from boxing and exhibition fights have reached billions, including a reported $275 million from his fight against Conor McGregor in 2017 and another $100 million from his bout with Logan Paul in 2021.