No longer golf's world No 1, Tiger Woods has also now been deposed as sport's highest earner after an 11-year reign.
Woods has slipped to third in the world's 100 highest-paid athletes list conducted by Forbes behind two boxers, Floyd Mayweather and Manny Pacquiao.
Mayweather collected a total of 85million US dollars (£54.2m) for his two fights with Victor Ortiz in September and Miguel Cotto last month.
Forbes senior editor Kurt Badenhausen said: 'There's a reason they call boxer Floyd Mayweather 'Money'.
'He fought twice during the past 12 months, spent less than one hour in the ring to dispatch his two foes - his combined payday for the bouts: 85 million dollars.
'Mayweather maximises his earnings by also acting as his own fight promoter through his company Mayweather Promotions.
'He collects all of the revenue from tickets, pay-per-view and sponsorships and covers the costs, including the purse for his opponent.'
Mayweather is unable to spend his millions at the moment as he is serving a three-month jail sentence in Las Vegas for domestic battery.
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