In a recent interview, rapper and entrepreneur 50 Cent launched a scathing attack on boxing champion Floyd Mayweather Jr., alleging that Mayweather’s financial success is built on deceit and manipulation. The comments come amid rising speculation about Mayweather’s financial stability and potential bankruptcy.
During a segment on Power 106 radio, 50 Cent shared revelations about their contentious relationship, particularly highlighting what he described as fraudulent practices within Mayweather’s promotional company, Mayweather Promotions. He claimed that the organization operates like a “Ponzi scheme,” duping both fighters and investors, including himself. 50 Cent recounted how he had invested $2 million into Mayweather Promotions while Mayweather was incarcerated, only to later discover that the business lacked legitimate structure.
50 Cent’s allegations extend beyond mere financial mismanagement. He accused Mayweather of underreporting fighters’ earnings to keep a larger share of the profits for himself. “Floyd was never truthful with the purse earned during fights,” he stated, suggesting that fighters signed to Mayweather Promotions may have been cheated out of their rightful earnings. He urged former opponents of Mayweather to consider legal action, asserting that they were entitled to significantly more than what they received.
The rapper’s comments come in the wake of reports about Mayweather’s extensive real estate investments, including the acquisition of numerous properties in New York City. While these investments initially seemed to bolster Mayweather’s financial image, 50 Cent’s remarks raise questions about the legitimacy of these ventures. He speculated that Mayweather may be unaware of the extent of his financial dealings, hinting at possible exploitation by those in his inner circle.
The feud between the two high-profile figures has a storied history, dating back to their initial friendship in the early 2000s. Their relationship soured over a proposed partnership for Mayweather Promotions, which 50 Cent claims was non-existent when he agreed to help. After Mayweather’s release from jail, tensions escalated, particularly over financial disputes regarding investments made by 50 Cent.
Despite their animosity, 50 Cent expressed a certain degree of fondness for Mayweather, referring to him as “champ” and acknowledging their shared history. However, he emphasized the need for transparency and accountability in Mayweather’s business dealings, suggesting that the boxing champion’s lavish lifestyle may be unsustainable in light of his alleged financial mismanagement.
As 50 Cent’s comments circulate, they have reignited discussions about Mayweather’s financial practices and overall legacy in the boxing world. While Mayweather has historically flaunted his wealth and success, the recent allegations cast a shadow over his financial empire, prompting questions about the future of both his career and business ventures.
As the situation unfolds, it remains to be seen how Mayweather will respond to these latest accusations and whether they will impact his standing in the boxing community. With 50 Cent’s history of public feuds and financial critiques, this latest chapter in their rivalry may just be the beginning of a more extensive examination of Mayweather’s financial practices and the legitimacy of his empire.