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Tag: millionaires

  • Floyd Mayweather Jr. Earned $105 Million For 72 Minutes Of Work In 2014

    Professional boxer Floyd Mayweather Jr. has been receiving multi-million dollar checks for over 10 years. On Wednesday, Forbes reported that he made $105 million for 72 minutes in the boxing ring, which makes him the highest paying athlete of 2014. It is the second time Mayweather had the top spot in three years. This goes to show that his nickname, “Money,” suits him well.

    Mayweather shares the list with soccer superstar Cristiano Ronaldo on the second spot, and LeBron James on the third. Others on the list include Lionel Messi, Kobe Bryant, Rodger Federer, Tiger Woods, Rafael Nadal, and Matt Ryan.

    Forbes also reported that Mayweather earned at least $25 million for each of his fights since 2007. Mayweather has been a professional boxer since 1996, and has accumulated nearly $400 million since then.

    My Name Is Floyd “Money” Mayweather

    Mayweather’s top spot can be accredited to his most lucrative fights, which were with Marcos Maidana and Saul “Canelo” Alvarez. According to Darren Rovell of ESPN, boxing stars today earn much more than boxing stars then. “Forbes says Floyd Mayweather is the top earning athlete, making $105M over last year. That’s up 150% from Tyson’s #1 pay in 1989,” he tweeted.

    Reports also indicate that Mayweather is the first athlete to go beyond the $100 million mark, besides Tiger Woods.

    Mayweather has a good chance of maintaining the top spot as the highest paid athlete next year. That is, if he fights two times next year as expected. However, his next fights will not be under Golden Boy Promotions. Instead, they will be under Mayweather Promotions. “Mayweather Promotions will continue to promote Floyd’s fights and Floyd will continue to put on the biggest fights in boxing,” said Leonard Ellerbe, Mayweather Promotions’ Chief Executive.

    Since Mayweather is in control of his fights, this could mean more money for the athlete.

    Image via YouTube

  • Bill Gates Charity Criticized as “Worthless”

    Bill Gates is incredibly wealthy; in fact, he’s the most wealthy person in the world. The co-founder of Microsoft and a noted investor, Gates is also well-known for his philanthropy work, mainly through the Bill and Melinda Gates Foundation, which has a hand in charitable donations to causes ranging from reducing HIV infections abroad to college-ready education and post secondary success here in the U.S. Overall, Gates is the recipient of much praise for his charitable work, but he is in the limelight recently because of one wealthy man’s criticism that Gates’ pledge is “practically worthless.”

    When Gates asked Robert W. Wilson to sign The Giving Pledge back in 2010, Wilson had a few choice, unsavory words to say on the matter. The charity, which is founded by Gates, asks pledgers to give the majority of their wealth to charity, whether it be during their lifetime or through the use of a will. When Wilson was approached, he declined the offer, saying that the pledge was “practically worthless” and critiquing a loophole in the pledge that allowed pledgers to donate to family-owned charities and foundations.

    “And these foundations become, more often than not, bureaucracy-ridden sluggards,” Wilson went on to say in an email sent out in June of 2010, which was addressed to Gates. A copy of the email found its way to the internet, showing up on websites such as BuzzFeed. Wilson also said that he was “going to stay away from [Gates’] effort” in the same email. In a reply email, Gates wrote that pledge signers would “benefit greatly from [Wilson] joining in,” and that he might inspire younger generations to also give to charitable causes. In response to this, Wilson wrote, “You, being a liberal, think you can change people more than I think… When I talk to young people who seem destined for great success, I tell them to forget about charities and giving. Concentrate on your families and getting rich — which I found very hard work. When people reach 50 and are beginning to slow down is the time to begin engaging them in philanthropy.”

    Sadly, Wilson took his own life just a week ago, jumping from luxury high rise after suffering from a severe stroke. He donated millions to charity before jumping from the building and ending his life. The Gates Foundation has not released any further word on the situation as it comes to light under such solemn circumstances.

    Image courtesy of this Tweet from the official Bill Gates Twitter page.