The IRS has filed a $7.3 million lien against famed boxer and entrepreneur Floyd Mayweather Jr. for unpaid taxes in 2018 and 2023.
Loading audio narration…
The lien was filed last month in Las Vegas, where Mayweather has property. The notice shows the balance was unpaid as of March 26. An attorney for Mayweather declined to comment on it.
The lien — through which the government can lay claim to Mayweather’s property until the bill is paid — is the latest in a series of debts the 49-year-old fighter has accumulated, as Business Insider has reported.
It comes amid other major developments in Mayweather’s life.
The ex-champ, who retired from pro boxing in 2017 and has been focused on business pursuits in recent years, recently embarked on a lucrative comeback. An exhibition bout against Mike Tyson is scheduled for April, and a pro fight against longtime rival Manny Pacquiao is slated for September at The Sphere in Las Vegas.
Al Bello/Getty Images
In February, he sued Showtime over $340 million in what he claims were “misappropriated funds” connected to his 2013 pay-per-view deal. Showtime has denied the allegations.
Last month, his close associate Jona Rechnitz, who has been named as a co-defendant in some lawsuits against Mayweather, was re-sentenced to five months in federal prison in connection with his 2016 guilty plea in a public-corruption case.
Allen Berezovsky/Getty Images
Mayweather, who racked up more than a billion dollars in winnings over his career, according to Sportico, has experienced tax problems in the past.
In 2023, a US Tax Court judge ordered Mayweather to pay $5.5 million in tax deficiencies, plus $1.1 million in penalties for 2017. Mayweather previously settled with the IRS for $22.2 million over his taxes from 2015, the year he last fought Pacquiao.
Mayweather, whose nickname is “Money,” flaunts a lavish lifestyle of mansions, designer clothing, private jet flights, and bags of cash.
A Business Insider investigation revealed last year that in the last 18 months, Mayweather has sold many of his trophy assets, including his private jet and mansions in Miami and Beverly Hills.
Other assets, including several residential homes and a strip club in Las Vegas, were used as collateral for debt Mayweather owes to billionaire financier Don Hankey.
John Nacion/Getty Images
Since the beginning of the year, Mayweather has paid some of the debt reported by Business Insider, including a trash bill and property taxes for his strip club.
Mayweather’s attorney previously told Business Insider that he is not “experiencing financial strain.”
“I just be minding my business!” the boxer wrote in the caption of a November Instagram post that showed him seated in a private jet, wedged between pieces of Louis Vuitton luggage, the table in front of him stacked with bricks of cash.
Note: Floyd Mayweather filed a defamation lawsuit against Business Insider in connection with a previous story about Mayweather’s real estate investments. The case is pending, and BI stands by its reporting.
