Manny's Fortunes

JOM'S

Editorial: Manny's fortune Monday, January 17, 2005

AFTER his bout with Mexico's Erik "El Terrible" Morales on March 19, Manny Pacquiao will establish a record as the only Filipino boxer, and athlete for that matter, to have earned the biggest paycheck in a single fight or tournament in his career.

With a guaranteed purse of $1.75 million plus his share in the proceeds of his pay-per-view fight at the MGM Grand in Las Vegas, the Filipino boxing idol will come home a multi-millionaire many times over, no matter what.

And if he wins, which oddsmakers are saying he will, there is no telling that he could be a billionaire (in peso) by the time he will decide to hang up his gloves and bask on his glory and fortune.

Though that is at least three or four years from now, Manny should start mulling his future and that of his family, however.

One devastating loss will definitely depreciate his value in the boxing world.

And once he is on the downhill, should he not decide to quit while he is ahead, those sycophants and freeloaders would be gone and he would soon realize he has a few friend left.

Good thing Manny has in laws that are adept at interpreting provisions of his contract.But it would be better still if Manny starts putting his earnings in the most secure way.

He should hire for himself a trust manager to ensure that he will get enough to spare from his winnings and invest these in worthy business ventures.

As it is now, Manny had already purchased several real properties. These should be complemented with other business ventures.

Otherwise, when he runs out of cash, these would be gone in seconds.

It is also time for Manny to slow down on his profligate spending and Robin Hood image.

While doling out cash gifts even to strangers is a good publicity stunt and Manny's way of showing his kind naturedness, he should be told that for every one he pleases, there are ten others who will be more than willing to take advantage of his generosity.

The epitome of a Filipino world boxing champion whose career was manage very well was that of Gabriel "Flash" Elorde.

Though Elorde died at the young age of 54, he left behind a stable life for his family.

One might say that Elorde was fortunate to have his promoter, the late Lope Sarreal Sr., as father in law, there is no preventing Manny from fixing his finances to ensure that he will grow to cherish his prize winnings.

JOM'S

I hope Manny will follow Gabriel Flash Elorde's foot steps to greatness and manage his life and family well...

The Flash did not only give his family a stable life, he gave them riches that is hard to come by for most of us Pinoys...

AIR_KENG

i certainly hope so. many of the pinoy boxers before have made the mistake of living so extravagantly without securing a good future with their purse in every fight. anyway, i hope manny ralizes it, so that he can be great not only in the ring, but in real life as well...

Chups

He probably learned from those boxers who wasted their money. Pac should be OK.

MlLkMan

I think he will be ok.

THRILLAinmanila

He is indeed on his way to becoming the first Filipino Billionaire boxer if he plays his cards right. I hear that his wife Jinky is good at managing his finances, so she will play a vital role in keeping Pac's money safe from the pool betting table

AIR_KENG

MABUHAY ANG ASAWA NI MANNY PACQUIAO!!! hehe... LONG LIVE THE WIFE!!! mwahahaha....

JOM'S

I really hope that Manny does his homework inside and outside the ring, and destined to be the richest ever FILIPINO ATHLETE in any sport including Professional Basketball...

maybe he can build something similar to the Elorde Complex in Sucat but intended for young/old boxers to train ...

kadyo

Manny have invested enough to secure his future but money is still pouring in. He is 26. If he earns that amount 1.75 mega 3 times a year, then he will have about $20 megs in four or five years. Ilan kayang puday ang katapat non? hehehe....

kadyo

Quote:

Originally Posted by kadyo

Manny have invested enough to secure his future but money is still pouring in. He is 26. If he earns that amount 1.75 mega 3 times a year, then he will have about $20 megs in four or five years. Ilan kayang puday ang katapat non? hehehe....

Andaming puday nyan!!!

JOM'S MANILA ICE Join Date: Oct 2004 Age: 45 Posts: 19,535 Rep Power: 3789 Points: 4,564.13 Bank: 5,082,415,507,582.67 Total Points: 5,082,415,512,146.80 Donate	I hope Manny will follow Gabriel Flash Elorde's foot steps to greatness and manage his life and family well... The Flash did not only give his family a stable life, he gave them riches that is hard to come by for most of us Pinoys...

AIR_KENG His Airness Join Date: May 2004 Age: 29 Posts: 15,286 Rep Power: 21514 Points: 9,576.77 Bank: 5,364,745,124.35 Total Points: 5,364,754,701.12 Donate	i certainly hope so. many of the pinoy boxers before have made the mistake of living so extravagantly without securing a good future with their purse in every fight. anyway, i hope manny ralizes it, so that he can be great not only in the ring, but in real life as well...

Chups KKK Supremo Join Date: May 2004 Location: Baranggay California Posts: 27,186 Blog Entries: 5 Rep Power: 21538 Points: 82,090,059,726.41 Bank: 22,691,078,307,837.89 Total Points: 22,773,168,367,564.30 Donate	He probably learned from those boxers who wasted their money. Pac should be OK.

MlLkMan Pound 4 Pound Join Date: May 2004 Posts: 1,525 Rep Power: 0 Points: 9,416.02 Bank: 0.00 Total Points: 9,416.02 Donate	I think he will be ok.

THRILLAinmanila BoxingScene Tycoon Join Date: Oct 2004 Location: Manila, Philippines ..a - 7,107 island paradise... Posts: 5,810 Rep Power: 21494 Points: 257,001.55 Bank: 1,677,482.54 Total Points: 1,934,484.09 Donate	He is indeed on his way to becoming the first Filipino Billionaire boxer if he plays his cards right. I hear that his wife Jinky is good at managing his finances, so she will play a vital role in keeping Pac's money safe from the pool betting table

kadyo Some's Uncle Join Date: Nov 2004 Location: mindanao Posts: 34,205 Rep Power: 21551 Points: 278,472,452,206.58 Bank: 22,757,685,627,288.70 Total Points: 23,036,158,079,495.28 Donate	Manny have invested enough to secure his future but money is still pouring in. He is 26. If he earns that amount 1.75 mega 3 times a year, then he will have about $20 megs in four or five years. Ilan kayang puday ang katapat non? hehehe....