Floyd Mayweather keeps $123 MILLION in ONE Account?!

[crcballer55]

 

It's not stealing his money, it's the financial system having a breakdown ala the Great Depression. When the banks went under, the money people had in the bank was not insured so they lost everything. Not saying it would happen again but I wouldn't put anything past this country anymore. If he has his money in overseas accounts, he'd be playing w/ fire w/ the taxes on it since the tax percentage is a lot higher here in the US.

And you don't think Floyd would have knowledge about bank collapses before the general public?

And then you say he's playing with fire by keeping it overseas?

What is he supposed to ?!

Spend it. He'll go broke.
Save it. Too much in one bank (like he's supposed to spread 120M over 5000 banks.

Overseas. He's playing with fire.

I'm pretty sure he has money markets, certain insurances, investments, portfolio combinations of different investment vehicles.... That we just don't know about...

@crcballer: I know your not hating. You're a smart guy...

But you should understand that if his advisors have gotten him this far, then they have a good idea of what's going on.

For his sake, I really hope so. That's just reckless to have that much money without any sort of insurance on it. Especially money that he doesn't directly control (i.e. the bank goes under). I'm really hoping the writer that was following him was financially naive and that his money is really distributed among multiple accounts at several different banks, but is listed under a single account for his sake to keep things clean.

We had multiple clients who didn't know what accounts they had with us, so we had to keep a list of what they were really talking about when they told us to transfer money for them.

 

[Coromanti]

I just hope his bank doesn't go bust.  He's only insured for $250,000 of it.

 

[andycrazn]

his wealth will evaporate if hyperinflation hits.

Ifhisdoes, everyone else's will too

except the ones investing in real money

 

[mr jordan04]

read the first 2 paragraphs and noticed i wasnt anywhere near the bottom let alone half way

**** that

 

[crcballer55]

 

 

his wealth will evaporate if hyperinflation hits.

Ifhisdoes, everyone else's will too

except the ones investing in real money

There is no "real" money. The only value a currency has is what someone else is willing to give you for it. Everything we do is on a bartering basis. The only difference now is that instead of bartering goods for goods, we barter an agreed upon currency for goods. Au & Ag haven't been used as actual currency since the Roman Empire.

Let's also not forget that during the depression, the government confiscated people's gold to stabilize the economy, so it's not exactly like it's a foolproof investment.

 

[stay lurkin]

He's enjoying his hard work and I respect that, but there's absolutely no reason to be financially stupid.

my thoughts exactly.

 

[soleobjective]

 

[andycrazn]

 

 

his wealth will evaporate if hyperinflation hits.

Ifhisdoes, everyone else's will too

except the ones investing in real money

There is no "real" money. The only value a currency has is what someone else is willing to give you for it. Everything we do is on a bartering basis. The only difference now is that instead of bartering goods for goods, we barter an agreed upon currency for goods. Au & Ag haven't been used as actual currency since the Roman Empire.

Let's also not forget that during the depression, the government confiscated people's gold to stabilize the economy, so it's not exactly like it's a foolproof investment.

so our gold standard was a fake then huh?

they let you keep up to 5 ounces and jewelry. but who would know unless its in a bank?

 

[430AM]

I just really want to know from anybody in Vegas or anybody that ever crossed paths with him, if he really cares duffle bags with a Milli in them at all times or is he just stunting for cameras??

Everything you see in videos and pictures is the real deal... I only see him in the sportsbooks tho so he's either betting or cashing tickets out... Homie and his entourage are insane, everytime there's back to back to back phantoms illegally parked by the casino entrance you already know what it is. :x

 

[paulprince3730]

read the first 2 paragraphs and noticed i wasnt anywhere near the bottom let alone half way

**** that

This

 

[jaysrcrak]

Unlike alot of these so called rich people Floyd actually made his fortune off of his talent, and hard work.
I dont care how the dude wishes to spend his money or flaunt his influence.

He is more of a role model than a dude like Jay-Z will ever be, because he did it the right way.

 

[crcballer55]

 

 

 

 

his wealth will evaporate if hyperinflation hits.

Ifhisdoes, everyone else's will too

except the ones investing in real money

There is no "real" money. The only value a currency has is what someone else is willing to give you for it. Everything we do is on a bartering basis. The only difference now is that instead of bartering goods for goods, we barter an agreed upon currency for goods. Au & Ag haven't been used as actual currency since the Roman Empire.

Let's also not forget that during the depression, the government confiscated people's gold to stabilize the economy, so it's not exactly like it's a foolproof investment.

so our gold standard was a fake then huh?

they let you keep up to 5 ounces and jewelry. but who would know unless its in a bank?

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

 

[triple homicide]

I wish I could have at least 1% of that.

 

[paulprince3730]

The

 

 

 

 

his wealth will evaporate if hyperinflation hits.

Ifhisdoes, everyone else's will too

except the ones investing in real money

There is no "real" money. The only value a currency has is what someone else is willing to give you for it. Everything we do is on a bartering basis. The only difference now is that instead of bartering goods for goods, we barter an agreed upon currency for goods. Au

so our gold standard was a fake then huh?


they let you keep up to 5 ounces and jewelry. but who would know unless its in a bank?

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

properties of gold actual make it better than the other metals except for platinum bro

The only downside of gold is that it's so dam heavy

 

[xbiker47]

Him and 50 still beefing?

 

[crcballer55]

The

 

 

 

 

 

his wealth will evaporate if hyperinflation hits.

Ifhisdoes, everyone else's will too

except the ones investing in real money

There is no "real" money. The only value a currency has is what someone else is willing to give you for it. Everything we do is on a bartering basis. The only difference now is that instead of bartering goods for goods, we barter an agreed upon currency for goods. Au

so our gold standard was a fake then huh?


they let you keep up to 5 ounces and jewelry. but who would know unless its in a bank?

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

properties of gold actual make it better than the other metals except for platinum bro

The only downside of gold is that it's so dam heavy

It may be better than other medals, but that still doesn't diminish the fact that we haven't used it as an actual mass currency of exchange in over 2000 years. My point wasn't that it's not the best medal. Those were just exampled I came up with off the top of my head. it's that any currency of exchange has to be acceptable for both sides. If Bitcoin becomes a widely accepted currency, why do we need physical materials to trade at all? We're already halfway there with virtual banking right?

 

[bkzkurse]

fantastic article

He really does seem to be understanding that although his confidence need not break, nor his ego - he's experienced enough to not get into childish verbal spats anymore and to simply box and cement his legacy without further tarnishing it with out-of-the-ring-nonsense.

 

[paulprince3730]

 

The

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

properties of gold actual make it better than the other metals except for platinum bro

The only downside of gold is that it's so dam heavy

It may be better than other medals, but that still doesn't diminish the fact that we haven't used it as an actual mass currency of exchange in over 2000 years. My point wasn't that it's not the best medal. Those were just exampled I came up with off the top of my head. it's that any currency of exchange has to be acceptable for both sides. If Bitcoin becomes a widely accepted currency, why do we need physical materials to trade at all? We're already halfway there with virtual banking right?

i was addressing the question "What makes gold any more valuable than another material or currency?" its properties make it more valuable than iron and copper, but platinum is a superior metal (i believe only because its lighter)

we have gold in our computers, the reason why Pagani Zonda's and the Mclaren F1 are so expensive is because the entire engine bay has a small layer of gold lining (im not talking about foil neither), its an extremely good conductor and heat shield among other attributes that make it a precious metal

its not all glitz, its very useful

 

[an dee 51o]

So basically he is giving BoA or whatever bank he uses a massive loan.

 

[crcballer55]

 

 

The

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

properties of gold actual make it better than the other metals except for platinum bro

The only downside of gold is that it's so dam heavy

It may be better than other medals, but that still doesn't diminish the fact that we haven't used it as an actual mass currency of exchange in over 2000 years. My point wasn't that it's not the best medal. Those were just exampled I came up with off the top of my head. it's that any currency of exchange has to be acceptable for both sides. If Bitcoin becomes a widely accepted currency, why do we need physical materials to trade at all? We're already halfway there with virtual banking right?

i was addressing the question "What makes gold any more valuable than another material or currency?" its properties make it more valuable than iron and copper, but platinum is a superior metal (i believe only because its lighter)

we have gold in our computers, the reason why Pagani Zonda's and the Mclaren F1 are so expensive is because the entire engine bay has a small layer of gold lining (im not talking about foil neither), its an extremely good conductor and heat shield among other attributes that make it a precious metal

its not all glitz, its very useful

Yes, I agree with the physical properties of gold. Planet Money even did podcast several years ago about the elemental values of gold. But I go back to my previous point. If it's so great, how come nobody has used it on a large scale for the previous 2000 years? Even when economies have collapsed, they have gone back to fiat currency instead.

 

[createdestroy]

we have gold in our computers, the reason why Pagani Zonda's and the Mclaren F1 are so expensive is because the entire engine bay has a small layer of gold lining (im not talking about foil neither), its an extremely good conductor and heat shield among other attributes that make it a precious metal

View media item 437381

 

[tokes99]

 

The

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

properties of gold actual make it better than the other metals except for platinum bro


The only downside of gold is that it's so dam heavy

It may be better than other medals, but that still doesn't diminish the fact that we haven't used it as an actual mass currency of exchange in over 2000 years. My point wasn't that it's not the best medal. Those were just exampled I came up with off the top of my head. it's that any currency of exchange has to be acceptable for both sides. If Bitcoin becomes a widely accepted currency, why do we need physical materials to trade at all? We're already halfway there with virtual banking right?

i was addressing the question "What makes gold any more valuable than another material or currency?" its properties make it more valuable than iron and copper, but platinum is a superior metal (i believe only because its lighter)

we have gold in our computers, the reason why Pagani Zonda's and the Mclaren F1 are so expensive is because the entire engine bay has a small layer of gold lining (im not talking about foil neither), its an extremely good conductor and heat shield among other attributes that make it a precious metal

its not all glitz, its very useful

umm...while gold is very useful, its value & basis as a currency backer is COMPLETELY ARBITRARY...it had more to do that it was thought rare than having any intrinsic value...

it's crazy so many are clowning mayweather on the bank account thing and immediately jump to the conclusion he is will go broke (he very well may, if you believe the 30for30 doc most athletes do, but it definitely seems like floyd has his business together, is 333 mil before or after taxes?) i didn't know that having so much money in one account was such a bad thing, i can't imagine he would do so without additional insurance

 

[Brownstone]

All ya'll lames counting another man's pockets as if that is the point of the article. Mayweather is the last of a dying breed, a self made man, who did it on his own - a black man no less 

. Rose to the top, and stayed there to look down on his peers for a decade+ . All the hate about his fighting style, his supposed "cowardice", and look at him now laughing all they way to the bank. Mayweather is a brilliant boxer, and an interesting personality. One who has single handedly carried boxing on his back since Lewis and Tyson retired. I'll miss him when he's gone. 

        What puts a smile on my face is his wealth will matriculate for generations, dude literally will support generations of mayweathers to come. Dynasty steeze. 

 

[andycrazn]

 

 

The

Any currency standard is based on the willingness of another party to accept it. What makes gold any more valuable than another material or currency? Why not iron, Copper, or platinum? Those are all naturally occurring minerals too.

properties of gold actual make it better than the other metals except for platinum bro


The only downside of gold is that it's so dam heavy

It may be better than other medals, but that still doesn't diminish the fact that we haven't used it as an actual mass currency of exchange in over 2000 years. My point wasn't that it's not the best medal. Those were just exampled I came up with off the top of my head. it's that any currency of exchange has to be acceptable for both sides. If Bitcoin becomes a widely accepted currency, why do we need physical materials to trade at all? We're already halfway there with virtual banking right?

i was addressing the question "What makes gold any more valuable than another material or currency?" its properties make it more valuable than iron and copper, but platinum is a superior metal (i believe only because its lighter)

we have gold in our computers, the reason why Pagani Zonda's and the Mclaren F1 are so expensive is because the entire engine bay has a small layer of gold lining (im not talking about foil neither), its an extremely good conductor and heat shield among other attributes that make it a precious metal

its not all glitz, its very useful

Yes, I agree with the physical properties of gold. Planet Money even did podcast several years ago about the elemental values of gold. But I go back to my previous point. If it's so great, how come nobody has used it on a large scale for the previous 2000 years? Even when economies have collapsed, they have gone back to fiat currency instead.

economies collapsed due to lack of gold and silver. fiat currency stay hyperinflating. never heard of a story with gold doing that. what the romans did by cutting gold and silver out of their coins dont count because it eventually became filler.

and early american history people used gold and silver as money, ALL currency have at one point used it and thats where the names come from. (dollar, pound, yen, etc) all came from an EXACT unit of weight based on their measurements.