Celebrity Floyd Mayweather Jr. recently shared a YouTube video on his social media account. An independent YouTuber has created the video. The social media person mentioned Mayweather’s commercial property investments and deals involving vast chunks of real estate.
Floyd Mayweather recently sold three properties worth millions of dollars, leading to some people speculating about bankruptcy. However, the YouTube video shows his massive investments in commercial real estate, and he also reportedly bought a building in the diamond district in New York City, debunking these rumors.
Former boxer Floyd Mayweather recently faced a strike from employees at a Los Angeles gym backed by him. They said that they had not been paid wages for weeks. Employees at the gym at Highland Avenue in Los Angeles protested in the street with signs and shouted using a microphone. They alleged that the gym is to be closed down and that they have not been paid.
Gym employees carried several signs. One of them claimed that the company was conducting “modern slavery,” while another read, “The $ team has no $.”
Allegations of non-payment of wages against @FloydMayweather are false, this Mayweather Gym in LA is a franchise that Floyd gets a franchise fee for, Floyd himself has nothing to do with thee assets or liabilities of this. These reports are misleading, & defamatory. #Boxing https://t.co/QeXVI7WTFG
— Rick Glaser (@RealRickGlaser1) January 3, 2025
Workers said that they were facing financial strain due to unpaid bills. They have also alleged that the Mayweather Boxing + Fitness Group has violated the California Labor Code. This could lead to legal ramifications.
One worker reportedly said they do not know if the billionaire boxing icon knew they had not been paid their wages as they were not allowed to talk to him when he visited the gym earlier.
One of Floyd Mayweather’s Elk Grove, Sacramento gyms was recently shuttered. The landlord said that they had missed over $30,000 in rent payments. The landlord has sued the gym for breach of contract.
Floyd Mayweather is an American boxer who competed between 1996 and 2017. He retired with an undefeated professional record. He topped Forbes’s list of highest-paid athletes more than once and reportedly has over $1 billion net worth. The American boxer founded the Money Team, a company that sells his merchandise and more.
His team has not yet responded to the protests and alleged closure of his gym in Los Angeles, California.
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