Floyd Mayweather has purchased more than 60 buildings in New York City for $402 million, adding over 1,000 affordable housing units to his growing real estate empire.
The deal marks one of the biggest property moves by the retired boxing star and reflects his shift toward community-focused investment.
The purchase involves properties once managed by Black Spruce Management, and the buildings are part of New York City’s affordable housing program. These homes fall under Article XI tax incentives, which promote housing affordability by offering reduced taxes in exchange for maintaining low-cost rents. Mayweather’s decision to focus on affordable housing shows a different side of the man known for luxury and lavishness.
Mayweather, who grew up in poverty in New Jersey, has often spoken about how his upbringing shaped his drive. Owning one home once felt like a dream. Now, he’s providing homes to thousands. His personal experience of hardship is driving this mission to make housing more accessible to working-class families in one of the world’s most expensive cities.
This isn’t Mayweather’s first time investing in New York. He’s previously backed major development projects, including a proposed Times Square casino. But this housing deal stands out because it aims to meet a basic need: stable, affordable shelter for people who often get priced out of the city.
The investment also fits into Mayweather’s broader financial strategy. He continues to grow his wealth through real estate, public appearances, and exhibition boxing matches. His portfolio includes luxury estates across the U.S., such as a $25.5 million mansion in Beverly Hills and a $10 million home in Las Vegas. But his latest move sends a message—he’s not only buying for himself, he’s building for others.
Mayweather has frequently commented on the scrutiny he faces as a wealthy Black entrepreneur. While billionaires in tech and finance are often praised for bold investments, he says he is still questioned for his decisions. With this deal, he’s showing that success can be used to make a positive difference for those still fighting for basic necessities.
This housing deal also has the potential to influence other high-profile investors to support affordable living. Rising rents and housing shortages have become urgent problems in major cities. By using his influence and money to address the issue, Mayweather is showing leadership outside the boxing ring.
Floyd Mayweather’s journey from a struggling child in a cramped apartment to one of the most successful athletes and businessmen in the world is still unfolding. This $402 million deal is not just about real estate—it’s about creating lasting impact. By giving others the chance to live in safe and affordable homes, he is shaping neighborhoods, changing lives, and writing a new chapter in his legacy.