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Real Estate
Floyd Mayweather Jr., the undefeated boxing legend, has found himself at the center of controversy after claiming to have closed a monumental real estate deal worth $402 million. The supposed acquisition of over 60 apartment buildings in New York City was touted as a major investment milestone for Mayweather's real estate firm, Vada Properties. However, a closer look into the transaction reveals a series of discrepancies and uncertainties, leaving many questioning the authenticity of the deal.
In February 2025, Mayweather announced on social media that he had acquired a portfolio of 62 apartment buildings in Upper Manhattan, valued at $402 million. This move was seen as a significant expansion of his real estate portfolio and was celebrated as a bold business move. The boxer mentioned that he had no partners in the deal, which further fueled the narrative of his growing influence in the real estate sector.
Despite Mayweather's confident claims, New York City property records show no evidence of the sale or change in ownership. The New York City Housing Partnership, a non-profit organization involved in preserving affordable housing and tax incentives for such properties, also reported that they had not been informed of any sale or pending transaction. This lack of documentation has raised suspicions about the legitimacy of the deal.
Miscommunication About Ownership: Mayweather's team attributed the confusion to miscommunication about his role in the deal. Sources close to the negotiations indicate that Mayweather may have acquired a minority stake in the properties instead of full ownership, which could explain the absence of the transaction in public records.
Involvement with Jona Rechnitz: Mayweather has been linked to business ventures with Jona Rechnitz, a figure involved in previous corruption cases. This association adds another layer of complexity to Mayweather's business dealings, fueling skepticism about his real estate claims.
Mayweather's reputation as a savvy businessman is under scrutiny due to these discrepancies. His history of flaunting wealth and high-profile investments makes it difficult to distinguish between genuine business moves and publicity stunts. The boxer's past claims of owning properties, like the Versace Mansion (which he actually rents), have also raised questions about his credibility.
If the deal is indeed fabricated, Mayweather could face serious consequences:
Fellow celebrity 50 Cent has mocked Mayweather on social media, questioning the authenticity of the boxer's real estate claims. This public ridicule highlights the skepticism surrounding Mayweather's business ventures and adds pressure for him to clarify the situation.
Given the uncertainty surrounding the $400 million deal, it remains to be seen if Mayweather will continue to expand his real estate portfolio or if this controversy will mark a downturn in his investment endeavors. If the claims are found to be untrue, it could lead to a loss of trust among potential business partners and investors.
Floyd Mayweather Jr.'s ambitious claims about a $400 million real estate deal have sparked intense scrutiny. As the tale of his business venture unfolds, it serves as a reminder of the importance of transparency and credibility in high-profile transactions. Whether this episode is a case of miscommunication or a strategic misstep, it continues to captivate both the business and entertainment worlds.
