Floyd Mayweather Lists Crazy LA Mansion
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- Опубликовано: 30 сен 2024
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Floyd Mayweather just listed his mansion in Beverly Hills for sale, and he will double his money on this deal if he gets his asking price. Originally developed by celebrity real estate developer Nile Niami, this mansion checks all of the boxes for what a luxury buyer would be looking for in this area. In today's episode we look at Floyd Mayweather's Beverly Hills mansion, then we also take a look at his Vegas mansion and his Miami mansion.
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I remember in the early 2000s Mayweather was speaking about living off of his $500,000 per month annuity income and investing all of his prize money. That was a couple of years before he hit the big-time in the De La Hoya fight. Good for him.
He's not getting anywhere near $48 million. In LA homes over $20 million have become a super hard sell now, location is excellent and in Beverly Hills which avoids the LA City mansion tax which really helps. But no way he gets over $35 million at best. Don't buy in LA City only looks at Beverly Hills, Malibu, or Beach Cities (Plus OC) to avoid 5% mansion tax.
LA real estate is dead, mansion tax killed it. I can't even get an offer on my home in prime LA for under $2 million, not even one in 6 months and several price reductions.
@@WaveSlayer-Jaxy sorry to hear that..
@@WaveSlayer-Jaxy The "mansion tax" is for properties over $5 million. So, you should actually have an easier time selling. The market is not "dead," it is cyclical. You can sell any house anytime when you price it to sell. Trying to make a certain profit is the harder part. The longer you take to set it at market price, the longer it will take to sell. Of course, that's easier said than done, because the market is constantly moving. But the fluctuations are gradual enough to get ahead of it... if you want to.
@@mvpfocus he’s kind of right thou, prices are starting to fall pretty fast in some areas. LA has lost the hype and overseas money. Maybe lower rates will help in 2025z?
The company is SL Green which initially he acquired around 5% stake in the company (or that was the rumour at the time) which would put his stake at a valuation of over $200 million. That doesn't include, on average they pay around $3 per share annually in dividends, based on his stake, that's 3.24 million shares meaning just under 10 million a year and at least 100 million since he invested in dividends alone and that's assuming it was just a 5% stake and he hasn't acquired anymore since. He also invested with CGI.
Floyd was also a trailblazer in regards to taking the reins of his career at the height of his athletic power through establishing his own promotions company. Cutting out the "middle man" really allowed him to keep what he earned, learning from financial pitfalls of guys like Tyson and Holyfield.
Very cool that he identified the opportunity to do this. Goes to show he is a sharp businessman.
Yep that was a genius move. Also, playing the bad guy role so Middle America would watch in hopes of seeing him get knocked out, driving his gate through the roof. He played the game like a fiddle.
@@cnorris7962 One hundred percent.
How’s the saying go? This is your brain on drugs…for boxers home next to the Beverly Hills Hotel on N Cresent. 1006 N Roxbury sold for $38M after a drop from $45 M, 1210 Benedict Canyon last listed for $65M and 27,000 sq ft..
Cresent is ok street and not sure it’s worth much more than $33M
Time will tell..😱😱🤡🤡
🥊 With the boxing revenue no more, I just don't see him adjusting his spending habits and I doubt he is going to listen to good advise.... WHERE IS NILE ❓
If his money is invested properly which it seems like it is, he probably doesn’t need to adjust his spending much …
The money he made this year alone from his SL Green investment is ridiculous lol Keep in mind he invested a small 8 figures and it's worth over 200 million in just a few years not to mention it's up over 50% in the last year alone and over 100 million in dividends since investing. He's doing just fine lol
yea.. no
zillow doesn't seem to work right now but I doubt it will sell for 48. quite similar 15k BH house sold for 30 recently on bigger lot. Some of hte ceilings looked below 10 feet or 3meters. 48 pretty much buys you the wildest locations in bel air with views over the golf course. It takes quite a bit to command that price point. It might sell for 25. Maybe less.
Good for him. All professional athletes and celebrities should learn from him about how to manage sudden influx of huge money.
I agree!
I like Floyd Mayweather Los Angeles, and Miami mansions.I like the French doors and balconies of those mansions. I do not like the Las Vegas mansion Roman design. Billionaires like Donald Trump, and Mike Bloomberg own New York skyscrapers, not sports superstars.
He will not sell it for USD 48 million. Maybe between USD 30-35m. Luxury mansions dropped tremendous in price in LA last few years.
the cost of houses in LA is so insane. i understand it's all about market dynamics, but hard to understand spending that much money on a house.
@@SpencerCornelia I agree. All relative I guess. To afford a $50M house you should probably have a net worth of $250M, minimum. Still crazy
@@Real.Estate.ReportHmm, I wonder how all these TikTokers are affording to live in the same houses if that is the case…guess either the parents have money or they’re renting and lying about it cuz those type of famous people are definitely not worth 250m maximum, not to mention minimum.
At most he’s “1-10% owner” of 9 sky scrapers owned by a multibillion real estate conglomerate. Closer to 1% than 10% would be my guess. 1% of 10B is 100m so this makes sense on paper. Just a guess. He’s the GOAT for sure (for his weight class. Def not best all time).
His stock in the company is worth over 250 million actually
Floyd’s assets are massively over exaggerated. Yes he’s earned insane amounts of money but he’s also spent insane amounts of money. He got $300mill for the Conner McGregor fight but only took the fight in the first place because he was down to his last $50mill and was being chased by the IRS for a $70mill debt. He even had to apply for a court order to stop the IRS repossessing his assets while the $300mill cheque cleared.
He’s had some huge paydays since but he’s also not eased up on his addictive spending. If he’s selling the mansion, it’s mostly because he needs to sell assets to raise money.
make a video on Diddy LA crib he just listed it for sale
So it turns out that I own Tesla, lucid, BP and Exxon Mobil cause I have stock 😂😂😂
😂
What do you think? Worth $48 million?
No way, I'd say it's worth about $31 million.
keep uploading these types of vids, love the content
cool for him ..... I sold a house and made a $225,000 tax free no capital gains profit , I can do it every 2 yrs up to $250k my 2 cents
@@youtubecarspottersguide1 that’s awesome man, nice work
I guess he meant part owner
It was 7 years ago so the prices may go up wdym
Why he selling
Floyd attended the diddy freak offs
Yikes… I’m surprised that didn’t come up in any of my searches
You wish, Floyd doesn't even like hanging around people where all the attention won't be on him😂😂 He's entire thing is standing out and not following the crowd, if everyone goes right he'll go left. Ego actually saved him😂
The Beverly Hills house is his best house. $3k a foot is not completely out of the realm of possibilities
Title says LA but you say Miami several times wtf one is it and he’s not getting anywhere near that price in this market he’ll be lucky to make 30
How much Newsom going to tax that?
@@kyleanuar9090 5.5%
That last house you show in Vegas was custom built.
gotta get cash ready for the diddy parties
Thank you
put some respect on floyd name
@@MontagueFlips 🙌🏻