Floyd Mayweather may not be a multibillionaire. But he's got plenty of money in the bank right now. So this Christmas, he's going all out when it comes to giving gifts.

Much like Kanye West, who reportedly spent about $100,000 on jewelry for his daughter North West for Christmas, Floyd Mayweather reportedly just dropped $250,000 on jewelry to give as Christmas gifts this year. According to TMZ Sports, who spoke with several jewelers in New York City this week, Money Mayweather  bought a diamond-encrusted watch, a 70-cart diamond tennis necklace, and a bunch of other jewelry-related items to give as Christmas gifts during a trip to the Big Apple. The pieces cost him between $5,000 and $10,000 and are going to be given to Mayweather's friends and family.

Must be nice, eh?

[via TMZ Sports]