BOXING

Anthony Joshua On His Way to Replicate Floyd Mayweather’s $1.2 Billion Empire as Reports of $250 Million AUD Milestone Goes Viral

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If Anthony Joshua contemplates retirement from boxing, his financial landscape appears robust with Sparta Promotions. It’s the conduit for his boxing and sponsorship revenues, revealing hefty substantial turnover figures until March 2023. Remarkably, these figures exclude earnings from his recent bouts against Otto Wallin and Robert Helenius.

The financial trajectory is poised to ascend further with Joshua’s lucrative decision to face Francis Ngannou, the former UFC champion, in a high-profile bout scheduled for March in Saudi Arabia. Moreover, after the figures were revealed by ‘NoSmokeBoxing’, it seems as if alongside the heavyweight championship titles, he’s also chasing the wealth of the boxing legend Floyd Mayweather.

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Anthony Joshua had a daily turnover of £113,000 in 2023

In the financial realm, Anthony Joshua’s Sparta Promotions displays robust figures, boasting a total equity of £129.1 million or $250 million AUD for the 2022-23 fiscal year. The balance sheet delineates assets totaling £130 million (which amounts to AUD 250 million), with £1.63 million allocated to creditors. Notably, Sparta reported a profit of £35.9 million and a turnover of £41.3 million, equating to a daily turnover of £113,000 and a profit of £98,356 per day.

This substantial financial success includes £28.3 million from boxing events and £13 million from extracurricular activities. Joshua’s financial portfolio extends beyond the ring. He encompasses lucrative sponsorship deals with prominent brands such as Hugo Boss, Jaguar, Land Rover, and Under Armour. Additionally, his exclusive contract with DAZN, estimated at £100 million, secures a steady income through two fights annually until his retirement. All of this surely points towards AJ becoming a billionaire in a few more years, a wish that he has expressed previously.

While there is a good chance that Joshua could become a billionaire in a few years, following a similar trajectory as Floyd Mayweather, he is currently on the path to building an organization akin to the Mayweather Promotions, mirroring the steps of his predecessor.

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Floyd Mayweather’s road to richness

Floyd Mayweather strategically navigated his boxing career, marked by pivotal decisions such as transitioning from Bob Arum’s Top Rank Promotions to establishing Mayweather Promotions. This shift empowered ‘Money’ to orchestrate his fights, resulting in substantial paychecks and direct profits. Noteworthy battles like Mayweather vs Pacquiao and Mayweather vs McGregor exemplified his riches further by cutting out the middlemen.

Beyond the ring, Mayweather’s net worth is a multifaceted testament to his business acumen, reflecting lucrative ventures that extend the scope of his financial success. Floyd Mayweather’s global recognition extends beyond the boxing ring, with his TMT (The Money Team) brand standing as one of the most renowned worldwide.

Complementing this success, Mayweather ventures into the nightlife industry, boasting a Las Vegas nightclub named ‘Girls Collection’ under the TMT banner. He also boasts a champagne brand of his own as well as an investment in a huge construction consortium.

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