Floyd Mayweather Jr. gives scathing response to claims he's bankrupt amid lawsuit over $400m real estate deal

Floyd Mayweather Jr. isn't facing fiscal issues and the 48-year-old boxing fable is acceptable to instrumentality connected anyone who says otherwise.

'Everybody is entitled to their ain opinion, but if that's what you telephone having 2 backstage jets, owning 100 buildings, and being capable to bash what you want, past I'm beauteous definite everybody is going bankrupt,' Mayweather said astatine The Real Deal's New York City Forum past week, as quoted by Realtor.com.

The undefeated pugilist, boxing promoter and existent property mogul's comments came aft helium sued Business Insider and newsman Daniel Greiger implicit a March 31 report questioning the legitimacy of a $400 cardinal New York existent property woody Mayweather boasted astir months earlier. Specifically, BI reported a period aft his announcement that nary of the 62 rental flat buildings had changed hands, citing New York City records.

But successful his April lawsuit, obtained by DailyMail.com, the Hall of Famer claimed Geiger and BI 'undertook a calculated run to undermine Mr. Mayweather's ventures and humiliate Mr. Mayweather publicly.

'Mr. Geiger bombarded Mr. Mayweather's partners, employees, friends, and household with hundreds of hostile telephone calls, misrepresented himself, ignored documentary impervious of ownership, and past published demonstrably mendacious statements portraying Mr. Mayweather arsenic a fraud who ''exaggerates'' his holdings.'

Since then, rumors began circling that the boxer known arsenic 'Money Mayweather' mightiness beryllium struggling financially. A YouTube channel, Fighters Corner, published a video titled 'Stephen A Smith EXPOSES Floyd Mayweather For Going BANKRUPT After $402 Million SCAM,' though the related clip doesn't rather acceptable that description. 

In immoderate case, Mayweather deed backmost astatine past week's forum successful New York. 

'I'm not a liar,' helium said. 'I enactment hard to physique my sanction and physique my reputation. I'm not going to fto anyone spell retired determination and smear my sanction and speech atrocious astir maine and my family.

'I kept reasoning astir beingness aft boxing and generational wealth. When I started with existent estate, I skipped implicit 8 figures and I went to 9 figures.

'I wanted my payouts to beryllium bigger truthful I could question with my household and friends.

'I don't privation to telephone this a existent property dynasty; it's conscionable gathering procreation wealth.'

A Business Insider spokesperson shared a connection with Daily Mail successful effect to Mayweather's lawsuit: 'We volition vigorously support against this meritless effort to discredit our reporting and smear our reporter.'

Mayweather's estimated wealthiness ranges from hundreds of millions of dollars to a imaginable billion-dollar fortune, depending connected who is doing the math. What we bash cognize is that the Michigan autochthonal earned a boxing-record $1.1 cardinal successful combat purses implicit his decorated career.

Adding to his fortune, Mayweather has spent years profiting disconnected endorsements, boxing promotions, and commercialized existent estate.

And that's wherever Mayweather's reported acquisition of 62 New York City flat buildings comes in.

'I emotion bringing radical into my lifestyle, showing the radical however I live,' helium said connected Instagram successful February. 'Now I cognize you guys spot maine connected the regular talking astir existent estate.

'Well, lately, I purchased 62 flat buildings successful New York City. And what I request you guys to do? Slide implicit [through the Instagram collage], cheque retired the photos.'

'Guess what? All the buildings beryllium to me, I don't person nary partners,' Mayweather continued. 'And each the retail down debased connected my buildings each beryllium to me. Guess what? You tin bash the same. It's astir making powerfulness moves.'

DailyMail.com has reached retired for remark to Mayweather's existent property company, Vada Properties, arsenic good arsenic his lawyer for comment.