Floyd Mayweather Invests in Another $3 Billion Project to Diversify Real Estate Portfolio With ‘Ultra-Luxury Component That He Was Missing’

Former five-division champion Floyd Mayweather is on a spending spree, as 2024 comes to a close. The richest boxer in the history of the sport started his investment frenzy by acquiring the $402 million affordable housing portfolio in October. Then, betting on a post-pandemic return to office culture, he invested in office landlord 601W Companies’ largest portfolio.
Now, continuing his shower of dollar bills towards investments, ‘Money’ Mayweather has formed another partnership while launching a real estate firm. The undefeated champion of investments seems to have put up $100 million in equity to team up with Go Partners on a luxury rental portfolio valued at an eye-watering $3 billion, per The Real Deal.
You see, the thing is, the partnership is between Go and Mayweather’s newly formed Vada Properties, which is reportedly setting up shop in Trump Tower on Fifth Avenue in New York City. Meanwhile, Go Partners, in and of itself, is also a joint venture between Orbach Affordable Housing Solutions’ Meyer Orbach and Black Spruce Management’s Josh Gotlib.
ADVERTISEMENT Article continues below this ad
Regardless, Floyd Mayweather seems to be all in on the deal, as he has already sent the company $20 million for the first closing, and it’s expected that he will wire the balance amount in the first quarter of 2025. Mayweather’s Vada seems to have big ambitions, as it bought stakes through the joint venture in several heavy properties.
Notable examples include The Copper, twin residential towers in Murray Hill reportedly acquired by Go Partners for $850 million in 2021, and a sprawling portfolio developed by the late Sheldon Solow. “Meyer and Josh are two of the smartest investors I have ever met,” Mayweather said about his latest investment.
View this post on Instagram A post shared by Floyd Mayweather (@floydmayweather)
“I am thrilled to be their partner on their trophy assets,” he added. Meanwhile, Orbach claimed the investment would let Go Partners flourish with a great partner, especially highlighting their interest in acquiring affordable and luxury rentals. “Whatever the opportunities are, we’re going to do them together,” Orbach added.
Meanwhile, Gotlib claimed, “Floyd shares our view that NYC offers a one-of-a-kind investment opportunity in both affordable and luxury housing.” Mayweather’s Vada CEO, Ayal Frist, added that the joint venture diversifies Myweather’s monopoly board with the “ultra-luxury component that he was missing.”
Now looking back at Mayweather’s spending spree in 2024, it appears that the former world champion has taken a major step towards becoming a champion in the real estate scene.
Floyd Mayweather: 2024 major investment report
After making close to $1.5 billion from his career in boxing, the retired world champion made 2024 the year for major real estate dealings. The undefeated champion made his largest-ever property investment, partnering with 601W Companies to acquire a stake in their $10 billion portfolio of 18 prime office buildings across the U.S., spanning 10 million square feet.
ADVERTISEMENT Article continues below this ad
It included marquee properties like 410 10th Avenue in New York’s Hudson Yards, the Aon Center and Old Post Office Building in Chicago, and the Harborside complex in Jersey City. His recent $402 million deal for a 60-building affordable housing portfolio in New York showcases his diverse investments, ensuring a steady income stream while contributing to community development.
View this post on Instagram A post shared by The Real Deal (@therealdeal)
ADVERTISEMENT Article continues below this ad
Despite post-pandemic challenges in the office market, Mayweather remains bullish, citing opportunities to reposition assets and acquire distressed properties. By leveraging 601W’s proven track record and business acumen, Mayweather is building a legacy beyond the ring, reaffirming his belief that smart real estate investments can guarantee long-term financial success.
That said, Floyd Mayweather seems to be all in on the real estate game, with the series of major investments in 2024. He may soon become a well-known name in the real estate world as he is in boxing. What do you think of Mayweather’s latest splurge?