Floyd Mayweather responds to Jake Paul jibe with admission over his finances

Floyd Mayweather has responded to Jake Paul's allegation that the boxing legend is "broke."

The former five-weight world champion claims he is far from struggling and earns a staggering £245m ($300m) each month thanks to his work with a "smart business team." Mayweather has taken part in some of the most lucrative fights in the history of the sport and is the highest-paid athlete of the last decade according to Forbes who estimate his earnings to be £748m ($915m) from his ten bouts between 2010 and 2019.

Mayweather retired from professional boxing in 2017 but has continued to compete in exhibition bouts for equally eye-watering paydays. The American reportedly earned £82m ($100m) for his most recent contest against Don Moore and £53m ($65m) against Jake's brother Logan Paul. But Logan claims Mayweather still owes him £4m ($5m) for their fight that took place in June of last year.

Speaking in regard to this matter, Jake told FightHub TV: "Floyd Mayweather is broke. That's what a lot of people don't realise. He gets these big cheques and doesn't pay taxes on them. Then the IRS comes hunting him down later. He owes a lot of people I know money. Logan is deep down on that list. So, I don't know if Logan will ever get paid. It's kind of f***** up!"

Despite the claims made against him, Mayweather assured attendants at his recent induction into the International Boxing Hall of Fame that money is not a problem. "I will continue to give back to the sport of boxing in my time, and I will also give back financially because I got it.

"To my team, my guys in New York, and my other real estate team that's here today, we can't be stopped. In 32 months, I put myself in a position with a smart business team to make $300m a month. It all