Here’s why Floyd Mayweather makes more than other sports stars
Floyd Mayweather is worth $280m (£185m). He's amassed a fortune $400m (£264) through his career to-date. And yet his endorsements earn him a big fat zero. So how has he managed to become the world's best paid sports star?
We live in a world where most sport stars make the bulk of their money through sponsorship deals with companies. But despite his lack of endorsements, Mayweather can still brag that he's the world's best paid sports personalities, topping Forbes' list of the world's top earners in sport last year.
Since his split from Top Rank and its CEO Bob Arum nine years ago the boxer has enjoyed a series of big pay days.
Harvard economics graduate and businessman Al Haymon helped Mayweather negotiate his way out of his contract with Top Rank for $750,000 in 2006 with Mayweather later saying "If I would have had Al Haymon from the beginning, I probably would be a billionaire right now".
Mayweather won't just be the star of the show tonight. He's also the show from behind
Mayweather won't just be the star of the show tonight, he's also the man behind, and will collecting money from tickets, as well drinks, hot dogs and other condiments. His unique business model means Mayweather reaps huge financial benefits from all aspects of his fights – from the sale of tickets, drinks and other condiments. … lighting, production, marketing.
Mayweather effecitvely acts as his own promoter, negotiating the financial arrangements for the mega-fights which make him millions.