In a surprising turn of events, rapper and entrepreneur 50 Cent has publicly criticized boxing champion Floyd Mayweather following a controversial lawsuit filed by Mayweather against Business Insider. The lawsuit stems from a report that questioned the legitimacy of Mayweather’s claims regarding a significant real estate deal in New York City.
Mayweather recently touted an extravagant purchase of 62 multifamily units in Manhattan, claiming the deal was worth $400 million and that he had financed it entirely on his own without any partners. He shared his announcement on Instagram, presenting it as a motivational milestone and an example of his financial prowess. However, the assertion raised eyebrows among experts and media outlets alike.
Business Insider conducted an investigation into Mayweather’s claims, uncovering inconsistencies in his statements. The report indicated that no record of the property transfer had been found in New York City property records, contradicting Mayweather’s assertion that he had acquired the buildings. Further inquiries revealed that Mayweather may only have a minority stake in the properties, contrary to his claims of outright ownership.
50 Cent seized the opportunity to mock Mayweather on social media, suggesting that the boxing mogul was caught in a web of deceit. He questioned the integrity of Mayweather’s claims and hinted that the situation reflected poorly on the athlete’s credibility. “Damn champ, they caught you capping,” 50 Cent wrote in an Instagram post, implying that the boxer was not being truthful about the nature of his real estate investments.
In response to the fallout from the Business Insider article, Mayweather decided to sue the publication, but notably chose to target the journalist who wrote the piece rather than Business Insider as a whole. This decision has drawn criticism from observers who believe that Mayweather’s approach could be seen as an attempt to intimidate a single individual rather than address the broader claims made by the publication.
During a recent press conference, Mayweather defended his actions, stating that he felt the reporting was racially biased and unfair. He expressed frustration over the skepticism surrounding his business dealings, arguing that people often expect athletes to fail financially rather than succeed. Mayweather’s comments suggest that he views the lawsuit as a means to protect his reputation and counter the narrative that he may not be as financially secure as he claims.
Despite his wealth and successes in the boxing ring, Mayweather’s history of exaggerating his financial situation has come under scrutiny. Critics have pointed out past instances where he has misrepresented his earnings and business ventures, leading to questions about his current financial status. Some speculate that his extravagant lifestyle, which includes luxury cars and private jets, does not necessarily equate to financial stability.
As the legal battle unfolds, 50 Cent continues to voice his skepticism regarding Mayweather’s claims. The rapper’s ongoing rivalry with the boxing champion has been marked by public jabs and social media exchanges, and this latest incident has only intensified the feud.
The outcome of Mayweather’s lawsuit and the truth behind his real estate claims remain to be seen. As the story develops, both fans and critics alike will be watching closely to see how this high-profile dispute plays out in the public eye.