Editor’s Note: Forget job creation or economic struggles. There is a way to make money in America, and here it is – narcissism. What a tragedy. I’m glad that in a country where millions struggle to even make eight bucks an hour, we allow this type of craziness.
BY GREG BISHOP
LAS VEGAS — On Saturday night, Floyd Mayweather Jr. will make tens of millions of dollars for an hour’s worth of work, if that. He will be paid for what happens inside the ring and outside it, paid far more than any other boxer fighting today, for far more than just his performance in a welterweight title fight against Victor Ortiz.
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In his previous four fights, Floyd Mayweather Jr. earned $115 million.
On fight nights, if it were not for the din of the crowd and the sounds of fists striking chins, Mayweather could hear the ringing of cash registers. He earns a percentage of every ticket purchased, every pretzel consumed, every poster sold. He will earn from the foreign countries that paid for broadcasting rights and the movie theaters where the fight is shown.
All told, he is expected to make about $40 million, and the checks will come for years, determined by the results of many things beyond the fight itself, like gate and pay-per-view TV numbers. This makes Mayweather, regarded as one of the best boxers in history, a regular among athletes on Forbes magazine’s list of most powerful celebrities, even though the bulk of his annual income is usually generated in one night.
All the usual Mayweather descriptions — divisive, arrogant, sensitive, outspoken, controversial — tend to overshadow his business savvy, or the business savvy of those around him. In fact, READ MORE