TMZ: Floyd Mayweather Agrees 'to Buy a Prominent New York City Building for' $20M+

Boxing legend Floyd Mayweather Jr. has reached an agreement to purchase a New York City building for more than $20 million, per TMZ Sports.

TMZ Sports reported that the building currently has offices, a diamond exchange and a large billboard.

"I used to shop in the diamond exchange as a young adult," Mayweather said in a statement, per TMZ Sports. "I never thought I would end up owning this important property at the entrance of 47th Street. Through hard work and dedication anything is possible."

Per Suzannah Cavanaugh of The Real Deal, Mayweather reached a $402 million deal to buy more than 60 buildings (totaling over 1,000 units) in New York City. The buildings are mostly in Upper Manhattan. TMZ Sports reported that Mayweather wants to provide affordable housing to families.

Mayweather has done quite well for himself financially, especially after his career ended. Corinne Dorsey of Yahoo! Finance had this to report last February.

"Based on recent evaluations up until 2023, Mayweather's estimated net worth currently stands at $1.2 billion. Predicting his financial standing for 2024 is difficult due to the inherent volatility of investments and the multifaceted nature of his business ventures. Nevertheless, considering his track record, it's foreseeable that Mayweather's net worth could reach a whopping $1.5 billion by 2024."

Now Mayweather has added another huge asset to his portfolio as the calendar year winds down.