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When you talk about the money man, no other name comes to mind other than Floyd Mayweather.

The boxing champion, recently bought his daughter Iyanna a ring worth $5million as a present to mark her 18th birthday on Sunday.

Miss Iyanna Mayweather is the daughter of Melissa Brim.

According to BET, the 30-carat diamond is worth $5m.

The designer behind Iyanna’s colossal bling wrote, “Happy birthday@moneyyaya … That 18ct Canary PRISTINE looking great."

Some people lauded the boxer for the expensive gift whereas a whole lot of others condemned him for 'wasting' so much money on a ring for an 18year-old.

Iyanna shared the photos on her Instagram story with a caption “First birthday gift I’m so in love. Thank you so much dad.”

While previous presents include a Mercedes 550 S-Class as well as a G-Class she was given for her 14th birthday.

The 41-year-old is reportedly set to undergo MMA training imminently ahead of a possible bout inside the Octagon with a view to fighting Conor McGregor.

UFC welterweight champion Tyron Woodley revealed he is poised to train the 1996 Olympic bronze medallist during a live Q&A with fans on social media.

He said, “Yeah, I’m training Floyd. I just talked to Floyd. He was in Singapore (and) somewhere else.

“I just talked to him a couple of days ago. So when he gets back in town next week, me and him are going to start training.”

Mayweather’s head of security Greg La Rosa has also tipped the undefeated boxer to switch to MMA.