Floyd Mayweather responds to reports that he's going broke and wrote a bad check on Instagram: "I appreciate it all. Keep the press coming!"

Floyd Mayweather/Shutterstock

Floyd Mayweather responded to reports that he is going broke and wrote a bad check via Instagram, stating, "Good press, bad press, facts or fiction... pick your poison. Every headline keeps my name in circulation and everything in motion. I appreciate it all. Keep the press coming!”

This statement follows reports from CNN and other news outlets that stated Mayweather is facing two felony charges for allegedly writing a bad check for $200,000 while purchasing a luxury watch in Las Vegas in 2024.

CNN reported that the boxer was charged with theft in April and is set to have a hearing regarding the matter in September.

Rumors have also circulated that Mayweather, who once had a net worth of $1 billion, has depleted his wealth due to excessive spending on a private jet, luxury items, a fleet of high-end cars, extravagant vacations, a large entourage, and a lavish lifestyle.

In May, it was reported that Mayweather became involved in a paternity suit. The court ruled that he owes approximately $1 million in back child support and is required to pay $32,000 per month for his youngest child, a 4-year-old girl he fathered with Paige Moorehead, a former dancer at his strip club, Girl Collection.

According to Sports Illustrated, the legal battle between Mayweather and Paige began in 2023 after she petitioned the courts regarding Mayweather's paternity. She alleged that they had an eight-year relationship, which he ended once she became pregnant. Paige claimed that he tried to pressure her into having an abortion and subsequently fired her from Girl Collection.

The report also mentioned that Mayweather refused to comply with court-ordered DNA testing, leading Paige to be granted a default judgment. Court records show that the boxing legend has paid approximately $151,000 toward the judgment, allowing Paige to place a lien of up to $2 million on one of Mayweather's properties in California.

Mayweather has been ranked number one on Forbes' list of the highest-paid athletes several times. In 2018, he reportedly earned $285 million from his MMA fight against Conor McGregor.

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