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Floyd Mayweather Jr. earned the nickname "Money" for the record winnings he took home during his undefeated boxing career. Now, Mayweather is living up to his moniker in the commercial real estate market.

Mayweather is under contract to spend $402M acquiring a 1,000-unit New York City affordable housing portfolio, The Real Deal first reported. Mayweather, who has a net worth of more than $1.2B, confirmed the deal in a post on X.

The 47-year-old boxing great, who has also been the subject of numerous domestic violence allegations, is purchasing the 60-building portfolio, the bulk of which are in Upper Manhattan, from Black Spruce Management.