Europe’s investment arm lends Sateliot a hand

Former world champion Floyd Mayweather has been on a splurging spree in the past few weeks. Now, the retired undefeated boxer and real estate investor is flaunting ‘The Copper’ in New York, which seems to be part of his massive NYC portfolio. His investment spree started in mid-October when he spent $402 million on an Upper Manhattan apartment portfolio.
He then invested an unspecified amount in 601W Companies, a $10 billion collection comprising 18 buildings and 10 million square feet of space. The Real Deal reported that this was Mayweather’s most significant investment to date. Mayweather also seems to have sold his home in Miami’s Biscayne Bay for $22 million.
Continuing his spending spree, Mayweather also acquired a stake in the former Versace Mansion, which has since been transformed into a Miami Beach luxury hotel. ‘Money’ also entered into a $3 billion joint venture, putting up $100 million with Go Partners. The joint venture has a sprawling portfolio in New York, featuring both luxury and market-rate housing.
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The joint venture with Go Partners is reportedly the city’s biggest such deal in recent years, which Mayweather also used as a soft launch for his real estate firm Vada Properties. Interestingly, it was his deal with Go Partners that got him a stake in ‘The Copper,’ a pair of residential towers in Murray Hill, New York City. So, ‘Money’ turned to Instagram to share a few words about the property.
View this post on Instagram A post shared by Floyd Mayweather (@floydmayweather)
“Check out The Copper – A tone of the most luxurious residential properties in my NYC portfolio. A real Trophy,” Mayweather wrote while sharing a promotional video of the residential towers. Go Partners, a joint venture in and of itself between Orbach Affordable Housing Solutions’ Meyer Orbach and Black Spruce Management’s Josh Gotlib, purchased the building originally for $850 million.
Fueling his investment rampage is a story, where Mayweather had nothing.
Floyd Mayweather reveals dream of just owning one home as a kid
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Floyd Mayweather recently revealed his childhood dream of owning just one home, a far cry from his current multibillion-dollar real estate venture. The boxing legend, who retired with an undefeated 50-0 record, has expanded his business empire by purchasing over 60 buildings in New York City for a staggering $402 million. These properties, located primarily in Upper Manhattan, include more than 1,000 units, and Mayweather plans to offer affordable housing for struggling families.
View this post on Instagram A post shared by Source of Boxing (@sourceofboxing)
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Reflecting on his humble beginnings, Mayweather told TMZ Sports, “Growing up, I used to dream about owning just one home by myself. When you work hard, you can achieve anything.” This sentiment highlights how far he has come from his modest roots to becoming one of the wealthiest athletes in the world. With this real estate deal, Mayweather not only secures his financial legacy but also aims to make a positive impact on the communities he now serves.
That said, It appears former world champion Floyd Mayweather has officially transitioned into a real estate mogul. As things look now, Mayweather’s investment journey is most like to continue in the coming years. What did you think about ‘The Copper’?