Floyd Mayweather, Sr. Net Worth (Money & Salary)

Floyd Mayweather Sr.’s Net Worth: What Is It?

An American boxing trainer and former boxer, Floyd Mayweather Sr. boasts a net worth of $5 million. He carved a niche for himself in the boxing world as a defensive specialist. Known for his colorful attire, including suits, ties, and shoes, Mayweather Sr. earned the title “poet laureate of boxing” due to his outspoken nature and poetry recitation about rivals.

After concluding his boxing career with a solid record of 28 wins against 6 losses, he transitioned into boxing training. His son, Floyd Mayweather Jr., one of the wealthiest and most successful boxers in history, is a noteworthy product of his training. Floyd Jr. has amassed nearly $1 billion from various fights and has a current net worth of $450 million. Many of his remarkable defensive abilities and strategies were imparted by his father, making Floyd Jr. arguably Mayweather Sr.’s greatest pupil.

The Early Years

Born in Amory, Mississippi on October 19, 1952, Floyd Mayweather initially found his brothers in the limelight. Roger Mayweather became the WBC super featherweight and super lightweight champion, while Jeff, the youngest sibling, held the IBO super featherweight title at one point. A fierce rivalry persisted between Roger and Floyd, enduring into their later lives.

Despite the spotlight on his brothers, Mayweather’s boxing record was impressive in its own right. Out of 35 bouts, he scored 28 victories, 18 of which came by knockout. In 1977, he triumphed in the U.S. Championship Tournament, defeating Miguel Barreto, while also welcoming his son, Floyd Mayweather Jr., into the world that same year.

Career in Training

As a professional boxer, Mayweather began training his son early on. Floyd Jr. was being taught how to punch by his father as a young child. As junior matured, his father continued imparting various boxing techniques. When Floyd Jr. turned professional, his father took on the role of his manager. Their relationship has been tumultuous over the years, leading Floyd Jr. to seek assistance from various other managers.

Renowned for his groundbreaking defensive techniques, one key strategy is the “shoulder roll,” which entails utilizing the lead shoulder to absorb and deflect incoming punches. Alongside training his son, Floyd Sr. has trained several other notable boxers, including Chad Dawson, a leading light heavyweight fighter, and former division champion Joan Guzman.

Moreover, Floyd Sr. is experienced in training female boxers, having managed and coached Laila Ali, a champion in women’s boxing. Notably, he also trained Oscar De La Hoya from 2001 to 2006. Tensions arose when Floyd Sr. had to prepare De La Hoya to fight his own son, but he eventually consented for a fee of $2 million. However, De La Hoya ultimately opted to train with Freddie Roach instead.

After this situation concluded, Floyd Sr. and his son reunited after many years apart. Prior to this, Floyd Jr. had been training under his uncle, Roger Mayweather, who was incarcerated for a year, having caused a riot at one of Floyd Jr.’s fights in 2006. With Roger unavailable, Floyd Sr. took the opportunity to resume training his son.

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(Photo by Ethan Miller/Getty Images)

To Floyd Sr.’s disappointment, his son chose to wait until Roger’s release from prison before hiring him again as his trainer. In response, Floyd Sr. went back to De La Hoya’s corner… yet the entire fight was called off due to financial disputes between the two competitors. After this incident, in 2008, Floyd Sr. took up working with British boxer Ricky Hatton. While Floyd helped Hatton secure a win over Paulie Malignaggi, he could do nothing as his boxer was knocked out in the subsequent match against Manny Pacquiao, leading to the end of the partnership.

As the 2000s drew to a close, Floyd Sr. and his son finally reached a reconciliation. Although his brother Roger continued to train Floyd Jr., the father acknowledged, “I don’t need to train my son; I need a relationship with my son.” During the following period, Floyd Sr. transitioned to becoming a more vocal supporter of his son, alleging that Manny Pacquiao’s skills stemmed from the use of performance-enhancing drugs in the lead-up to the Filipino’s fight with Floyd Jr.

This strategy backfired when a U.S. District Judge determined that Pacquiao possessed sufficient grounds to file a lawsuit against both Floyd Sr. and his son for defamation and libel, with the Filipino boxer pursuing $10 million in damages as recently as 2011. In a surprising turn, Floyd Jr. announced in 2013 that his father would be training him once more after a 13-year hiatus.

While some analysts speculated that this choice was influenced by Floyd Jr.’s less-than-stellar defensive performance against Miguel Cotto, the younger Mayweather asserted that his decision was a result of Roger’s deteriorating health. Since then, Floyd Sr. has continued in his capacity as his son’s trainer, guiding him to a notable victory over Manny Pacquiao towards the end of his career.

Health Issues

Mayweather Sr. is afflicted with sarcoidosis, a lung disease characterized by inflammation and the formation of lumps known as granulomas. Common symptoms include coughing, wheezing, and shortness of breath.

Legal Issues

Throughout the years, Floyd Mayweather Sr. has encountered various legal problems. In some interviews, Floyd Jr. referred to his father as a “hustler” during his upbringing and recounted an incident where his father used him as a human shield against a gunman, who then shot Floyd Sr. in the leg. In 1992, Floyd Sr. was imprisoned for five years on drug trafficking charges. In 2018, reports indicated that Floyd Sr. was wanted for battery after an assault on a woman at the Las Vegas T-Mobile Arena.