Floyd Mayweather can’t catch a break in court these days. The retired boxer has just been hit with another massive lawsuit that suggests his finances are collapsing faster than his opponents have in the past.
AJ’s Jewelry filed a lawsuit in Miami-Dade County Court claiming that Mayweather owes them $1.375 million for luxury goods that he took but never paid for in full.
The jewelery seized included some fine jewellery.
According to the Miami New Times, the Palmetto Bay store said Floyd walked into the store twice in August 2025 and left with 26 high-end watches and 15 Cuban gold chains, totaling $1.675 million.
Court documents show Floyd also picked up luxury watches worth nearly $500,000.
Store owner Anthony Machado, known as the “King of Jewelry,” trusted Floyd based on a 17-year business relationship. Since 1993, AJ’s Jewelry has been the go-to destination for professional athletes and celebrities.
Machado even designed the Miami Hurricanes’ famous “flip chain,” but that product is now retired. But Floyd’s payment plan soon fell apart. He promised to pay later, but sent $300,000 in just two wire transfers, in August and October, the lawsuit says.
He then tried writing five different checks between August and November, all of which bounced.
“AJ’s Jewelry contacted Mayweather in writing multiple times requesting payment of the remaining balance of the jewelry,” court documents state. “Each time, Mayweather acknowledged the debt, promised to pay for the jewelry, and then never sent the money owed.”
The jewelry drama is just the latest chapter in Floyd’s money debacle. He is also being sued by his Manhattan landlord for $330,000 in rent on his luxury penthouse at the Baccarat Hotel and Residences.
Floyd signed the lease in December 2024 but stopped paying the $100,000 monthly rent in July 2025.
The rental situation became even more confusing as Floyd kept posting photos on Instagram of himself surrounded by piles of cash while still owing hundreds of thousands of dollars to his landlord.
Miami entrepreneurs Leila and David Centner wanted to use their own money to buy a five-bedroom duplex spanning the 18th and 19th floors.
Floyd’s legal troubles didn’t stop there. Another Miami jeweler, Leonard Sulaymanov, sued him in federal court last month. Suleymanov claims Floyd failed to live up to a January 2025 settlement that resolved a 2024 lawsuit over an unpaid jewelry bill of more than $4 million.
The federal complaint details Floyd’s attitude toward his debt. It mentioned how on June 30, 2025, Floyd and his colleague Jona Rechnitz “enjoyed a vacation in the South of France and bragged about how much money they spent” but missed a second settlement payment.
Then in November 2025, Floyd posted an infamous photo on Instagram with millions in cash behind him and the caption “I was just minding my business,” while still not honoring the settlement.
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But Floyd wasn’t just playing defense in the courtroom.
Earlier this month, he filed a $340 million lawsuit against Showtime Networks. The boxer claims the company helped his former manager, Al Haymon, steal hundreds of millions of dollars from his boxing earnings through a complex scheme involving hidden accounts and unauthorized transactions.
Floyd made more than $1.2 billion during his boxing career, including $100 million in guaranteed bonuses from his fights with Conor McGregor and Manny Pacquiao.
But bank records allegedly show numerous transfers to companies controlled by Haymon that were incorrectly labeled as “repayments” or “loan repayments.”
Financial problems had been building for months. In 2024, Floyd had a multimillion-dollar mortgage on his home and faced multiple lawsuits over everything from a Mercedes-Maybach G-Wagon to plane fuel bills to garbage collection at his Las Vegas mansion.
He even had to sell his Gulfstream jet “Mayweather Air” in December and unload his mansions in Beverly Hills and Miami. Back in 2017, he paid $22 million in back taxes to the IRS.
Two commercial properties owned by Floyd have entered foreclosure proceedings. A Las Vegas strip club site faces potential damage due to delinquent property taxes and $52,000 in fines.
