Retired boxer Floyd Mayweather Jr has listed his six-bedroom estate in Beverly Hills, California, for $48 million, according to wealth tracking platform Celebrity Net Worth.
Mayweather bought the home for $25.5 million in 2017. The mansion on a half-acre lot is a two-minute drive from the Beverly Hills Hotel, and was built “on spec” almost a decade ago by developer Nile Niami.
The mansion boasts more than 15,300 square feet of living space, with six bedrooms and ten bathrooms, along with a number of amenities.
The estate’s open floor plan and expansive spaces are “perfect for entertaining on a grand scale”, the official listing says.
The main residence boasts a formal living room framed by 10 sets of French doors, a panelled library, dining room, and a gourmet kitchen.
The estate also includes a sweets shop, and a 300-bottle wine room. The guesthouse includes a 12-seat movie theatre, gym, staff quarters and a sizeable garage.
Mayweather, 47, is estimated to have a personal fortune worth $400 million, making him the richest boxer of all time, according to Celebrity Net Worth.
He retired undefeated from his career with 15 major world championships. Considered one of the top five best boxers of all time, Mayweather now works as a promoter of the sport.
Having boxed his way to more than $1.2 billion in career earnings, Mayweather has invested a significant portion of the money in property.
He is one of just six athletes whose career earnings have topped $1 billion. The other five are Michael Schumacher ($1 billion), Jack Nicklaus ($1.15 billion), Arnold Palmer ($1.35 billion), Tiger Woods ($1.65 billion), and Michael Jordan ($1.9 billion), according to Celebrity Net Worth.
Mayweather is the fifth highest-paid athlete of all time. “What's perhaps most impressive about Floyd's earning stats is that he managed to become the fifth highest-paid athlete ever with relatively scant endorsement earnings. By comparison, most of the highest-paid athletes in history earned the vast majority of their income through endorsement deals,” Celebrity Net Worth estimates.
Mayweather earned more than half a billion dollars from just two fights. He earned $250 million in 2015 after fighting Manny Pacquiao and earned $300 million fighting Conor McGregor in 2017.
Outside of the ring, he typically earns $10 million from endorsements and other investments per year.
Mayweather still reportedly owns homes in Las Vegas and Miami Beach – paid $10 million for his Vegas mansion and $18 million for the compound in Miami Beach.
He owns an apartment in New York City, the Mayweather Boxing Club in Vegas, and another club in Vegas.
He also reportedly owns a $60 million Gulfstream G650 private jet, which he dubbed “Air Mayweather”.
Mayweather owns two private jets. The second is a $30 million Gulfstream III. When he travels, Floyd reportedly flies in the G650 with his closest associates while "Air Mayweather II" follows with his entourage, according to Celebrity Net Worth.
He owns more than 40 high-end watches. He has claimed that when he goes on holiday, he brings 30 watches and is wearing at least $3 million worth of jewellery at all times. In 2015, Floyd paid $18 million for a single watch made by Jacob the Jeweler.
He also owns dozens of high-end cars and reportedly owns 16 Rolls-Royces. At one point, all the cars he owned and kept at one mansion were white, and all the cars he kept at his other mansion were black, according to Celebrity Net Worth.
Samantha Ruth Prabhu
Indian actress Samantha Ruth Prabhu has invested in direct-to-consumer wellness start-up Secret Alchemist, media platform Inc42 reported.
The brand has also onboarded The Family Man actress as its co-founder on the back of this investment, the report said.
While the start-up did not disclose the financial terms of the deal, it said that the funds will be used to boost its marketing efforts, brand presence and expand customer reach.
Founded in 2021, Secret Alchemist is an aromatherapy-based wellness brand that claims to offer a range of products centred around essential oils and holistic well-being.
“When I was on my healing journey and went for treatment abroad, aromatherapy became an unexpected source of comfort and healing for me. I realised just how much the healers in the West were using the power of essential oils to enhance well-being,” Prabhu said in a statement.
“It made such a difference to my health that when I returned to India, I searched for a brand I could trust. That’s when I found Secret Alchemist. I joined hands with the brand because I believe in putting my money where my heart is.”
The start-up also claimed to have raised $500,000 in a seed round led by Inflection Point Ventures.
The actress had previously invested in at least three start-ups, including e-commerce marketplace SustainKart, vegan food product start-up Nourish You and casual wear brand The Souled Store, according to Inc42.
The 37-year-old actress is estimated to have a net worth of $10 million, according to Celebrity Net Worth.
She is best known for her roles in south Indian films such as Eega, Neethaane En Ponvasantham and Mahanati, among others.
Prabhu has secured endorsement deals with local and international brands, including Lux, Neutrogena and Coca Cola.
She works with charitable organisations and helped found NGO Pratyusha Support, which helps women and children with financial issues.
In March 2022, Prabhu became the second highest-paid south Indian actress after Nayanthara, according to a report by Indian daily The Times of India.
George Clooney
Actor-director George Clooney sold his Studio City home in California for $14.5 million last month, according to real estate portal The Real Deal.
The three-acre property was sold to National Football League star Christian McCaffrey and his model wife Olivia Culpo, Celebrity Net Worth reported.
In 1992, Clooney paid $2.2 million to buy the property from musician Stevie Nicks.
The Oscar winner reminisced about his purchase of the 7,354-square-foot house in a 2012 segment of the CBS programme Person to Person.
“I was in the second season of ER [hit medica drama] living in a little house and I thought, well maybe it’s time to get a little bit larger house off the street so I wouldn’t fall prey to every photographer,” Clooney said.
“To me, it was a sign of making it, to be able to buy your own home.”
Since then, the actor invested millions into renovating the six-bedroom, six-bathroom mansion.
The house boasts a theatre equipped with a popcorn machine, a basketball court, and an open-air dining room with a temperature-controlled wine wall, among its amenities.
Clooney and his wife Amal Alamuddin, a civil rights lawyer, maintain an international real estate portfolio worth at least $100 million, with homes in the UK, Italy, France, and New York City.
The Ocean’s Eleven actor, 63, is reported to have a personal fortune of $500 million, according to Celebrity Net Worth.
He regularly earns at least $20 million for a single film role without even including back-end royalties and residuals, the website reported.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Section 375
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The biog
Birthday: February 22, 1956
Born: Madahha near Chittagong, Bangladesh
Arrived in UAE: 1978
Exercise: At least one hour a day on the Corniche, from 5.30-6am and 7pm to 8pm.
Favourite place in Abu Dhabi? “Everywhere. Wherever you go, you can relax.”
MATCH INFO
Watford 1 (Deulofeu 80' p)
Chelsea 2 (Abraham 5', Pulisic 55')
Try out the test yourself
Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer
Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer
Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer
The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania.
Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
