Let’s break this down from the top. Floyd Mayweather recently took to Instagram and made a *huge* announcement: he had allegedly bought **62 multifamily apartment buildings in Manhattan** worth **\$400 million**—all by himself, with no partners, using his own money. He posed in front of some high-rise buildings, told people to slide through the photos, and made it clear this was about motivation and inspiration. He even launched a website, **VadarProperties.com**, to show off his supposed empire.

> “This is all me. No partners. Just straight-up Mayweather money,” he bragged.

He claimed over 1,000 apartment units now belonged to him and positioned himself as the new real estate mogul in town. But here’s the twist—**Business Insider** decided to look into it, and what they found was *devastating*.

Their investigation revealed that **none** of the properties Mayweather posted had changed hands. Public real estate records in NYC showed no such \$400 million deal, and experts confirmed there was no sign that a transaction of this magnitude had occurred—or was even in the works.

Once Mayweather’s camp got wind of the investigation, the story subtly changed. Suddenly, someone from his team began walking back the claims: instead of fully owning all 62 buildings with no partners, it turns out **Floyd only has a tiny minority stake**. A source—who wanted to remain anonymous—admitted that Floyd’s involvement came with **”options”** to one day increase his stake or possibly buy out the portfolio… if he comes up with the funds.

The NYC Housing Partnership, a nonprofit often involved in these types of real estate deals, confirmed they had **not** been notified of any pending sale or ownership change involving Mayweather—something that would normally be required for deals involving affordable housing.

Then, the real owners of the buildings—**Black Spruce Management**—spoke out. They referred to Floyd Mayweather as a **”reliable partner and ambassador”**, not the owner. That’s when it became clear: **Mayweather is essentially a brand ambassador**, likely given a symbolic share (if any) in exchange for promoting the properties and boosting the company’s image.

Business Insider didn’t stop there. They investigated Floyd’s VadarProperties.com site and found even more questionable listings. One example was a property at **1196 Avenue of the Americas**—a jewelry retail building in Manhattan. Mayweather listed it as part of his portfolio, but public records showed it hadn’t even been sold.

When pressed, Mayweather’s spokesperson said the purchase **“hasn’t closed yet.”** So why was it listed as owned? You already know: **clout-chasing**.

Floyd responded to the allegations in typical Mayweather fashion—he lashed out. He claimed the entire investigation was racially motivated, saying:

> “They expect athletes to go broke, not build portfolios. They expect flash, not financial literacy. Racism, envy, and stereotypes fuel the doubt.”

He insisted it was all his money and that he was rewriting the narrative. But people familiar with Mayweather’s public speaking skills were quick to say: *“Floyd didn’t write that statement.”* And more importantly—it **still didn’t address the actual receipts**.

In fact, the article Floyd tried to use to “prove” his point ended up **confirming** Business Insider’s claims—that he only had a *minority stake*, not full ownership.

In a surprising twist, instead of suing **Business Insider**, Mayweather filed a **personal lawsuit against the journalist** who wrote the article—**Dan Geiger**. People quickly labeled it bullying, since the writer likely doesn’t have the deep pockets to fight a legal war like Business Insider does. It looked more like intimidation than a real effort to clear his name.

Even more bizarre, during a press conference with people supposedly defending him, they *repeated the exact same facts* Business Insider had published—once again confirming he didn’t own the buildings outright.