Boxing champion Floyd Mayweather made headlines this Christmas with the gift of a $20 million property to his grandson, Kentrall Gaulden Jr., located in New York City’s most prestigious area, known as the Diamond District. A very thoughtful gesture from Mayweather shows how wealthy he is and his determination to create a lasting legacy for his family.
This property, situated on the corner of 6th Avenue and 47th Street, is located in one of the city’s most active intersections and consists of a diamond exchange, multiple offices, and even a revenue-generating billboard. Mayweather even took to Instagram to share the moment with fans, saying,
“We bought you a building. You’re the first kid that owns a building in the Diamond District in New York City.”
The announcement spoke volumes about the importance of the gift and Mayweather’s strategic foresight as an investor.
The gifted property is a corner unit in one of the most upmarket locations for luxury retail and diamond exchanges. The building is a cash cow, with several offices and a revenue-generating billboard to boot. Mayweather would often frequent the area for high-end shopping, showing his personal connection to it.
Since last October, Mayweather has spent over 402 million dollars buying upwards of over 60 buildings in New York. So far, much of his investments have gone into the low-income multifamily units, aligning with his commitment to giving back to society.
The relationship between Mayweather and Kentrall Jr. is not your typical grandparent-grandchild relationship. Mayweather has taken up major paternal duties in Kentrall’s life, showering him with love, attention, and gifts that are just too expensive. From designer items such as diamond-studded watches to a $500,000 Mini-Range Rover, Mayweather spares no chance to make sure Kentrall knows he is loved. The bond between the two is captured in videos of the toddler shadowboxing, showcasing the influence of his legendary grandfather.
Mayweather made this presentation with much emphasis that he wants to inculcate into the young boy the values of hard work and success. “You’re the first kid that owned a building in the Diamond District,” he said, reinforcing the importance of this achievement.
Kentrell Gaulden Jr., born in September 2020 to rapper NBA YoungBoy and Yaya Mayweather, has already impressed many with his burgeoning boxing skills on social media. Floyd’s involvement in Kentrell’s life shows the commitment he makes toward developing the next generation while still keeping family ties strong.ining strong family connections.
