Mayweather’s shockingly large checking account was revealed in a recently published ESPN interview titled “The Last Great American Prizefighter”. The author of the article, Tim Keown, spent a few days fully immersed in Floyd’s world. And it truly is a crazy world. On its surface, the purpose of Floyd’s world is to keep him occupied and distracted 24/7 as he leads up to his fight against Saul “Canelo” Alvarez on September 14. Floyd is guaranteed to earn an estimated $41.5 million off this fight alone. That equates to the largest purse in boxing history, a full $9.5 million more than the guaranteed $32 million he got to fight Robert Guerrero. The article provides some fascinating insights into the insane world of Floyd Mayweather. For example, Floyd wearsa minimum $3 million worth of jewelry whenever he goes out. He never wears the same pair of $18 boxers more than once. He never wears a pair of shoes more than once and leaves behind all of his discards for fans, housekeepers and hotel staff. At all times, he travels with a 20 person entourage that is made up of friends, family members, bodyguards, a barber (even though his head is shaved) and a massage therapist who coincidentally happens to be a gorgeous female with a smokin body and very large breasts. Here, I looked her up for you: Whenever Floyd needs to drive somewhere, he travels with a fleet of a dozen Escalades which are usually transporting him to and from private airports. Whenever he flies, he reserves two private jets. Floyd always flies with a smaller group of associates in a G5 and the rest of the entourage follows closely in a G4. And then there’s Floyd’s checking account. At one point during a visit to a Foot Locker in Grand Rapids, Michigan, Floyd pulls the interviewer aside to show him a bank slip. At the bottom of said bank slip, there is a section that displays Floyd’s current account balance. As you’ve probably ascertained by now, that balance was a little more than $123 million dollars. 9 figures. In one account. And that’s just the account we know about! I just did a little math. Assuming Floyd’s checking account pays 0.50% interest, $123 million would earn around $615,000 in interest per year. That’s a little more than $50,000 per month. And while that may sound kind of cool, if Floyd was able to earn a modest 5% return by investing in anything other than his checking account, he’d be making $6 million per year. Then again, maybe Floyd has the right idea. As long as his bank never fails, he’ll always have access to a massive amount of liquid cash ready to be spent on a moment’s notice. He would have completely avoided the huge market downturns of 2008/2009 and he’ll never lose money to a crook like Bernie Madoff. This is actually the second time I’ve heard of someone who keeps an extraordinarily large balance in their checking account. About two years ago, a billionaire hedge fund manager named David Tepper accidentally left his ATM receipt behind after making a $400 cash withdrawal at a bank in The Hamptons. The next person who used the ATM found the receipt and noticed that the account had an available balance of $99,864,731.94. Here is a copy of that receipt:
