Mike Tyson Gives Advice On Floyd Mayweather’s Spending: 'Have A Ball!'

Mike Tyson has only one advice to Floyd Mayweather when it comes to the undefeated boxer's huge spending habits. Tyson didn't say that Mayweather should cut back on his frivolous spending. For Tyson, Mayweather can spend all his money like there is no tomorrow.

"Have a ball," Tyson told TMZ Sports when asked what he thinks about Mayweather's exccessive spending on luxury things. According to TMZ Sports, some critics predict that Mayweather will end up bankrupt if the unbeaten WBC and WBA welterweight champion doesn't exercise self-control when it comes to his expenses such as jets, cars, and diamonds.

Tyson was once hailed as one of the highest-paid athletes during his prime. He is not exactly known for being a penny-pinching sports personality. He has burned money and bought exotic pets, costly bath tubs, and cars. Tyson filed for bankruptcy in 2003.

As for Mayweather, who topped Forbes' 100 List of Highest-Earning Athletes of 2014, he has outrageous ways of burning his millions. Some of the things that he spends his money on include Hermes Birkin bags, luxury watches, private jet, jewellery, and diamond-encrusted iPod and silverware.

Mayweather's luxury cars include a Bentley and a Bugatti. His watches aren't simply the usual watches because he has a collection of watches that cost more than an average house. He has Audemars Piguet, Rolex, Frank Mullers, Aximums, Rainbow Tourbillion, Hublot Big Bang King, and Piaget Galaxy.

In a 2013 ESPN The Magazine profile of Mayweather, it was said that the five-division world champion only uses shoes once. Instead of throwing them out, Mayweather leaves them in the hotel room. In the same issue of the magazine, it has also been said that Mayweather only uses his boxer shorts once and spends $6,500 on underwear every year.

Mayweather also loves to drop huge amounts of money on sports betting. He is reportedly known for making crazy, seven-figure bets on sporting events. He also brags about his winnings and shares pictures of betting receipts on social media. Mayweather recently pocketed more than $4.7 million win at sports betting in October.

Mayweather may not have endorsement deals with Nike, Adidas, and other sports apparel companies, but he has his own clothing line and his own boxing promotions company. He can be profitable even if he doesn't fight on the ring. Do you think Mayweather can go bankrupt with his extravagant spending?