|Undefeated boxer Floyd Mayweather Jr. of the U.S. attends a news conference at the MGM Grand Hotel and Casino in Las Vegas, Nevada, in this file picture taken May 2, 2012. (Steve Marcus/REUTERS)
Incarcerated boxer Floyd Mayweather, Jr. has unseated golfer Tiger Woods as the world's highest-paid athlete.
Mayweather, Jr., who has earned the nickname 'Money' for his high-earning, lavish lifestyle, has ended Woods' decade-long reign on Forbes magazine's rich list thanks to two lucrative fights with Victor Ortiz and Miguel Cotto in the past year, which have earned him an estimated $85 million.
Woods ranks third on the new countdown with estimated 2011/2012 earnings of $59.4 million.
Mayweather, Jr.'s chief rival, Manny Pacquiao, comes in second on the Forbes list with earnings of $62 million.
Only two women make the top 100: Maria Sharapova ranks number 26 and fellow tennis ace Li Na comes in at 81.
Mayweather, Jr. checked into prison in May for a three-month stint for a domestic violence charge.