MANILA, Philippines – He just opened the doors to his new mansion in Hollywood, a multi-million dollar property that’s just a short drive away from the Beverly Hills homes of Paris Hilton and Sharon Stone.
It’s just the latest addition to his growing number of abodes in the US and at home, from California to General Santos, Davao, Sarangani, BF Homes in Paranaque and Laguna, near his kid's school Brent International.
He has at his disposal loads of hot wheels, topped off by a Navigator and a Mercedes-Benz which he drives in the US and a Porsche Cayenne, among his favorites at home.
So will anyone still question the place of boxing superstar Manny Pacquiao among the richest?
In the latest roster of the world’s highest-paid athletes by Forbes.com, Pacquiao’s earning was pegged at $40 million for the period June 2008 to June 2009. That’s over P1 billion in Philippine currency!
Forbes.com credited this to the Pacman’s megabuck fights with Oscar De La Hoya and Ricky Hatton, which garnered more than 2 million pay-per-view buys and netted Pacquiao $30-million combined.
His multi-million endorsement deals with Nike and San Miguel also contributed to his lofty standing –a tie for sixth place - in the Forbes list, which looks at athletes’ earnings derived from salaries, bonuses, prize money, endorsements and licensing income.
Of course, Pacquiao did not get this staggering $40 million in full.
There’s still taxes and cuts for his training team as well as his famous gesture of giving balatos to his pals and others in need.
And not merely focusing on lavish things, the Pacman is investing his well-earned bucks on a number of businesses, among them a farm in Sarangani, a mango plantation and a commercial building in GenSan.
For his latest venture, Pacquiao will invest some P1.217 billion to develop a 400-hectare property in GenSan and transform it into a special economic zone, which would have an international Medical Convention Center, an outdoor sports and recreation park, and retail and commercial strips.
And yes, Pacquiao has also spent precious money for his failed congressional bid in GenSan in 2007, which according to financemanila.net, reached P140-million. The 30-year-old fighter is again expected to shell out funds for his next foray in politics, this time in Sarangani province.
Considered as the best fighter in the pound-for-pound, Pacquiao also ranks high when stacked up against top moneymakers in sports, dollar-for-dollar.
A first timer in the Forbes list, Pacquiao ties NBA MVP LeBron James and golf star Phil Mickelson for sixth spot among the high-earners.
Ahead of them are Tiger Woods, who netted $110 million for the No. 1 spot; Lakers star Kobe Bryant and retired cage legend Michael Jordan and Finnish Formula One driver Kimi Raikkonen, who made $45 million for joint second; and football hero David Beckham, who had $42 million for solo fifth.
The Pacman outranked the likes of tennis great Roger Federer and NBA star Shaquille O'Neal, who netted $33 million apiece for joint 11th; as well as De La Hoya and baseball star Alex Rodriguez, who earned $32 million each for a share of 13th.
Source: gmanews.tv
Sunday, June 21, 2009
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