Full article: Credit Forbes, Yahoo
There’s a reason they call boxer Floyd Mayweather Jr. “Money.” He fought twice during the past 12 months, knocking out Victor Ortiz in September and winning a unanimous decision in May against Miguel Cotto. He spent less than one hour in the ring to dispatch his two foes.
His combined payday for the bouts: $85 million.
That helped make Mayweather the world’s highest-paid athlete over the past year, unseating Tiger Woods, who has been the top-earner since 2001. Woods ranks third this year with earnings of $59.4 million.
Mayweather maximizes his earnings by also acting as his own fight promoter through his company Mayweather Promotions. He collects all of the revenue from tickets, pay-per-view and sponsorships and covers the costs, including the purse for his opponent. His take home per fight is typically at least 50% higher than what his rival Manny Pacquiao earns.
There’s a reason they call boxer Floyd Mayweather Jr. “Money.” He fought twice during the past 12 months, knocking out Victor Ortiz in September and winning a unanimous decision in May against Miguel Cotto. He spent less than one hour in the ring to dispatch his two foes.
His combined payday for the bouts: $85 million.
That helped make Mayweather the world’s highest-paid athlete over the past year, unseating Tiger Woods, who has been the top-earner since 2001. Woods ranks third this year with earnings of $59.4 million.
Mayweather maximizes his earnings by also acting as his own fight promoter through his company Mayweather Promotions. He collects all of the revenue from tickets, pay-per-view and sponsorships and covers the costs, including the purse for his opponent. His take home per fight is typically at least 50% higher than what his rival Manny Pacquiao earns.
