Floyd Mayweather Denies Bankruptcy Rumors, Explains $100 Million Lawsuit

Floyd Mayweather Jr. has opened up about his $100 million lawsuit against Business Insider and whether he’s broke or not.

Mayweather appeared on a panel for TheRealDeal’s NYC Forum 2025 to speak about real estate when he responded to a question about why he’s suing Business Insider and journalist David Geiger.

“I’ve never sued a media outlet,” said Mayweather. “The media outlets throughout my life has bashed me, talked bad about me, talked bad about my family. I’ve always been judged because of how I present myself when promoting a fight. Judge me for the person that you know. You can’t judge me if you don’t know me.”

“Someone is going out there putting lies on my name, putting lies on me and my team, hurting my business,” Mayweather continued. “We’re not talking about millions. We’re talking about billions of dollars. We can’t do that.”

“So this is my first time ever filing a lawsuit ever against a media company for speaking bad about my company,” Mayweather added. “I’m not a liar. I’m a lot of things, but I’m not a liar. I work hard to build my name, to build my reputation, and I’m not going to let anyone go out there and speak my name or talk bad about me, my family, or my companies.”

Mayweather also addressed the rumor that he was going bankrupt since he filed the lawsuit. “Everybody is entitled to their own opinion,” Mayweahter explained. “If we call having two private jets, owning a hundred buildings, and being able to do what you want bankrupt, then I’m pretty sure everybody wants to live like that.”

Earlier this month, Mayweather sued Business Insider and Geiger over the reporting that the journalist did about real estate deals the former boxer discussed publicly, including an agreement to purchase a 62-building Manhattan apartment portfolio. In March, Geiger reported that there was “no evidence there has been a sale.”

In Mayweather’s lawsuit, he alleged the Geiger "embarked on a campaign of harassment and defamation, characterized by aggressive and misleading journalism that not only distorts the truth, but deems driven by a deep-seated bias against Mr. Mayweather’s success.”

Mayweather is seeking $100 million, a public retraction, and a ruling that prohibits Geiger from further public harassment.