Why do boxers blow so much money?

[JT Rock]

Besides Mayweather oweing taxes, what are these alleged money trouble rumors?

[albsur2006]

Besides Mayweather oweing taxes, what are these alleged money trouble rumors?

Well, he apparently had 7 million dollars in jewels stolen from his house, plus he owes a Florida land developer a couple million dollars. Also, his financial advisor likely invested a lot of his money in the stock market and since the end of 2007, the stock market has crashed. I make around 80000 a year and my 401(k) earnings for 2008 were -50%. NEGATIVE 50%!!! So rich people who have their money in stocks and mutual funds lost even more than that. Plus, he gambles, spends money on luxury items, among other things. I do think most of that stuff is planned out and an investment in his public persona (Money Mayweather) but if hedgefund managers and CEOs of corporations are hurting right now, then you could imagine what it's like for your regular rich guy. Mayweather definitely can be considered rich but once those checks stop coming in...If I were him, I'd come back for two or three more big paychecks and then scale everything back and retire responsibly.