Manny Pacquiao’s Net Worth? Shockingly, $26 Million

by Paul Magno

According to an official document issued by the House of Representatives in the Philippines, current WBO welterweight champ, Manny Pacquiao has a net worth of approximately 1.134 billion PHP (Philippine Pesos), which comes out to just over 26 million in American Dollars. (The document takes into account all assets up to January 1st, 2011)

Net worth is calculated by taking a person’s total assets, then subtracting their liabilities. The figure quoted above takes into consideration all Pacquiao assets, including real estate and pay from TV and radio performances, public appearances, album sales, licensing, local and international endorsements as well as the money earned from his fights.

Generating approximately $384 million in revenue from his PPV events prior to last May’s Shane Mosley bout, alone, the shockingly low net worth tells the tale of a fighter either quickly going through his money or in desperate need of an independent accounting firm to deal with some pressing business issues.

Enter, VisionQwest Resource Group, Inc., an agency specializing in contract issues and tax concerns.

As reported in a press release yesterday, Manny Pacquiao has retained the services of VisionQwest to handle all business dealing as well as review “all contracts from 2005 and going forward.”

Team Pacquiao is currently being reviewed and the management team streamlined in order to create a more effective business unit. In the press release, the Los Angeles-based firm also announced that they had “retained the services of a strong boxing business professional who has a solid background in fighter management and negotiations” who will be involved in all future contract reviews.

Tales of fighters and money woes are, sadly, as much a part of boxing’s history as devastating knockouts and shocking upsets, but these things are never nice to hear.

Pacquiao is still a very wealthy man and will likely remain one for the rest of his life, but it’s worth noting that some people, somewhere are enjoying the money that, rightfully, belongs to him.

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About the Author: Paul has been in and around the sport of boxing for more than thirty years. You can read his work on Fox Sports, Yahoo Sports, or on his own website, The Boxing Tribune. In the past, he has done work for Inside Fights, The Queensberry Rules and Eastside Boxing. Paul currently resides in Michoacan, Mexico, where he has worked as a licensed boxing official as well as co-trainer at Ruben Olivares' gym.

  • bugoyparin

    hehehe another insane mind… this 26million dollars is came from 2010 (SAL) assest and liabilities therefore income from pac-mosley fight (may 2011) and new endorsement (2011) was not included…

    this shocking news is not shocking at all!!!!

    langya!

  • Paul Magno

    @bugoyparin…All of the figures used in this article take into account that the report was issued for December, 2010…The $75 million Manny generated for the Mosley PPV was not figured into the calculations used in this article…

  • bugoyparin

    @paul magno: so what’s shocking here? i dont get it? manny earned ~$70million since what? barrera fight… but you need to pay taxes (US and phils) … coach, cutman and others therefore he may end up ~50% of his total purse and dont forget he ran politics twice (2007 & 2010)… so all in all having those 26million dollars still OK… and come to think of it… manny started at ZERO!!!!

    langya!

  • Paul Magno

    @bugoyparin…but what we’re talking about is the TOTAL worth of all of his liability-free assets, including: Homes, cars, real estate, music sales, TV/Movie fees, Licensing, the money made from investments and from managing his stable of fighters, endorsements (estimated at $50 million), PLUS the money he makes from fighting… It would be like having a job that pays $50,000 a year, holding that job for 4 years and only having a net worth of $25,000 after those 4 years…The numbers don’t add up…And, obviously, it’s a big deal for Manny because he has hired an outside firm to review his business dealings…by the way, Thanks for reading and commenting!

  • bugoyparin

    @paul magno: do you not pay bills? cars, real estate and others for upkeep? he had many relatives and children who studied in international schools… you don’t need just to earn money but you need also to spend it otherwise what’s the purpose of this money if you will not spend it… what i said again.. he still wound up 26million dollars eventhough spend a lot on politics not including the 2011 earning!!! he just recently bought 3 hectares of land that have been give away to poor and homeless in his province…

  • mike

    @bugoyparin:

    Bobo ka ba bugoyparin?

  • bugoyparin

    @mike: sige nga! mr. mike matalino… explain mo ng maigi at bobo ako e…

  • christian

    it’s not his real net worth, it’s just part of it. It’s the Philippine’ Government system, you know!@

  • http://www.martialartstraining.tv/boxing-for-the-street-boxing Lee | Street Boxing

    This is hard to believe after such a hard long career he doesn’t want to end up broke – is he giving it away to charities in his home land?