Floyd Mayweather Faces Potential Passport Revocation Over Tax Debt
Floyd Mayweather, the legendary boxer with a career earnings of over $1 billion, is facing a serious legal challenge that could result in the loss of his passport. According to recent reports, the Internal Revenue Service (IRS) has informed Mayweather that it intends to revoke his passport due to an unpaid tax bill exceeding $7.25 million.
This development comes as a shock to many, given Mayweather’s financial success throughout his boxing career. However, the IRS has issued a notice of its intention to notify the Department of State about this unresolved debt. The 49-year-old boxer now has several options to avoid losing his passport:
- Pay the full amount of the debt.
- Reach an installment agreement or settlement with the Department of Justice.
- Prove that the tax debt is not collectible due to financial hardship or identity theft.
- File for bankruptcy.
The IRS reportedly sent this notice to Mayweather in late March, just a month before he announced his scheduled exhibition fight against Greek kickboxer Mike Zambidis in Athens. This bout, set for June 27, is now under threat due to the ongoing tax dispute.
Mayweather’s legal troubles have been increasing in 2026. Despite his considerable earnings, the Michigan native and Nevada resident has faced multiple lawsuits. In February, he was sued by the owner of his luxury New York City condo for $330,000. According to a lawsuit filed in February, Mayweather signed a lease in December 2024 but stopped paying rent in July 2025.
During this time, Mayweather was allegedly seen posting pictures on social media of himself surrounded by stacks of cash, with one caption reading: “I just be minding my business!” These posts have raised questions about his financial situation.
In addition to the condo lawsuit, Mayweather is also being sued again for allegedly failing to pay a six-figure bill for a private jet to the Caribbean. A lawsuit filed in Los Angeles County accuses Mayweather, his ‘jewelry consultant’ friend Jona Rechnitz, and others of stiffing Jet Set Aircraft for a $105,690 charter flight to Turks and Caicos back in September.
Despite these challenges, Mayweather has found ways to generate income. In December, Business Insider reported that he sold Air Mayweather, his Gulfstream jet, along with his mansions in Beverly Hills and Miami. Earlier this year, he also filed a lawsuit against Showtime, claiming the network owed him at least $340 million over allegations of fraud. Paramount, which owns Showtime, has dismissed the lawsuit as “baseless.”
Upcoming Fights and Future Plans
Mayweather is also preparing for some high-profile fights. He is set to face 59-year-old Mike Tyson in an exhibition match before potentially having an official bout against his 47-year-old former rival, Manny Pacquiao.
Mayweather won their 2015 bout by unanimous decision, although Pacquiao was clearly affected by a torn rotator cuff and later underwent shoulder surgery following the match. Despite fan disappointment, the bout generated a reported $600 million.
Reports suggest that Mayweather and Pacquiao are still in negotiations to finalize their upcoming bout later this year. The event is expected to take place at either the MGM Grand Garden Arena or T-Mobile Arena in Las Vegas on September 19. However, a date and location for Mayweather’s exhibition against Tyson have yet to be announced.
