Floyd Mayweather says he won't be accepting gifts this Christmas

Floyd Mayweather will not be accepting gifts this Christmas.

The unbeaten former five-weight world champion is, however, feeling very generous this festive period. He recently gave $1,000 to five children at the Los Angeles Clippers vs. Boston Celtics game so they could spend it with their families.

After spotting the group of kids selling sweets outside the Ritz Carlton hotel, Mayweather appreciated their entrepreneurial spirit and gave them some extra cash. In fact, he even handed out tickets for a Clippers game, according to TMZ.

The 45-year-old has been known to share his wealth down the years but he won't be accepting any gifts in the coming days.

He explained his decision in an Instagram post on Saturday morning.

"I will not be accepting gifts on Christmas, my birthday, Valentine’s Day, or Father’s Day," Mayweather explained.

"I constantly give gifts all throughout the year because I feel every day is worth celebrating and not just some commercialized holiday.

"Where’s the thought behind a gift if it’s only given on a holiday? You only think of giving me a gift when society says you should give gifts?

"I understand people can’t give me what I give them, but it’s the small thoughtful things that count. It’s all about reciprocation.

"The random gift on any given day is priceless, not the gifts I receive 4 times a year. I’m better than that."

Image credit: Alamy

Earlier this month, Mayweather also claimed people don't value things they don't pay for.

In another Instagram post, he wrote: "Money, cars, and other belongings are valued and respected by those who work hard to earn them.

"People who are gifted, given, and handed those materialistic objects hold no value or sense of pride in owning them. "Money and materials earned are far more valuable than anything that you are handed. Work hard, be patient, and remember. You only deserve what you work for."

Mayweather, who retired from professional boxing in 2017, continues to make serious money from his exhibition fights.

He made a reported £25 million from his most recent fight with YouTuber Deji, and also pocketed around £52 million from an exhibition bout with Logan Paul.

Image credit: Alamy

He says his “philosophy” is based around money, and those exhibition fights are allowing him to continue bringing in the cash.

“A lot of time people say, ‘Oh, Floyd have to do exhibitions,’” Mayweather said. “My philosophy is never stop getting it [money]. Currency over legacy. Currency over legacy.

“Believe me, if I don’t ever do another exhibition in my life, I can live a great life.”