Floyd Mayweather Jr. has made his largest investment to date, partnering with 601W Companies in their growing $10 billion office portfolio. The collection comprises 18 buildings, spanning 10 million square feet.
According to sources, Mayweather’s investment surpasses his previous $100 million+ deal with SL Green. According to TheRealDeal, the boxing legend’s net worth exceeds $1.1 billion, including a record-breaking $300 million payout from a 2015 fight.
Details of the deal remain confidential, but insiders confirm its significance in Mayweather’s diverse investment portfolio.
Floyd Mayweather Jr. continues his journey into real estate, investing in 601W Companies’ prestigious portfolio. Following his $402 million apartment deal with Black Spruce Management, Mayweather joins forces with 601W as an owner-partner.
Mayweather’s investment spans iconic properties, including the Amazon-anchored 410 10th Avenue in Hudson Yards, the Aon Center and Old Post Office Building in Chicago and Jersey City’s Harborside office complex – reportedly his favorite. The boxing legend bets on the post-pandemic office comeback, citing “tremendous upside” in 601W’s portfolio due to their impressive track record.
Mayweather’s recent deals demonstrate his strategic approach to real estate. His $402 million apartment portfolio acquisition from Black Spruce Management is for over 60 rental buildings, potentially marking the city’s largest deal this year. Additionally, Mayweather has invested over $100 million with SL Green.
With this partnership, Mayweather expands his diverse portfolio, showcasing his business activities. His real estate ventures complement his legendary boxing career, which has earned him over $1.1 billion.
Mayweather remains confident in New York City’s potential, reaffirming his commitment to the Big Apple. His optimism aligns with 601W’s strategic expansion plans, targeting undervalued office spaces ripe for revitalization.
“New York City is the center of the world,” Mayweather said in a statement. “A wise person once told me if you buy real estate in New York and you hold on to it over the years you will always make money and win.”
