Boxing fans should have no problem recognizing Manny Pacquiao’s name. After all, he is considered to be one of the best boxers to ever compete on a professional basis, which in turn, makes him one of the best-known boxers as well. Based on this, it should come as no surprise to learn that Pacquiao has made most of his current net worth of $26 million to $220 million through his boxing in either a direct or an indirect sense. However, it is important to note that he is much more than “just” a boxer, as shown by his involvement in a surprising number of other fields.
How Did Manny Pacquiao Reach His Current Net Worth?
For those who are curious, Pacquiao was born in a place called Kibawe, which can be found in the Filipino province of Bukidnon. In total, his parents had six siblings, with Pacquiao being the fourth of the six. Unfortunately, his parents went their separate ways when he was still in the sixth grade, which was caused by his mother having found out that his father was living with another woman. Due to this, Pacquiao and his siblings were raised by their mother. Something that had a huge impact on their lives. For example, Pacquiao dropped out of school after he finished his elementary education because his family was too poor to support his continuing studies. Likewise, he left home when he was still 14 for much the same reason. With that said, it is interesting to note that Pacquiao completed a high school equivalency exam in 2007 so that he could study business management at Notre Dame of Dadiangas University.
Boxing is one of the most popular sports that can be found on the planet. As a result, while a lot of boxing fans are most familiar with it through professional boxing, it is important to note that there is plenty of interest in amateur boxing as well. Pacquiao became an amateur boxer when he was still at the age of 14, which was what made him realize that he had serious potential in his chosen sport. Moreover, that realization was combined with pure necessity, seeing as how Pacquiao has outright stated that he trained hard because he had to keep himself as well as his family alive. In total, Pacquiao spent a couple of years on the streets of Manila before he was able to become a professional boxer at the age of 16.
Those who are interested in Pacquiao’s career as a professional boxer should have no problems finding further information. After all, he has received a huge amount of coverage, which makes perfect sense in light of his success and status. Suffice to say that he is a true legend who can claim to be an eight-division world champion with no fewer than 12 major world titles, thus making him one of a kind for the time being. Earnings-wise, Pacquiao has been known to earn double-digit millions for single fights. This sounds like a huge sum, which it is, but it reflects Pacquiao’s capabilities as someone whose pay-per-view fights have earned an estimated $1.25 billion in revenue.
Besides professional boxing, Pacquiao has been involved in a wide range of other activities. Some of these have been very successful, whereas others have been less so. For instance, it should be mentioned that Pacquiao has been a professional basketball player in the Philippine Basketball Association, though his performance in said role from 2014 to 2018 wasn’t particularly impressive. Likewise, while Pacquiao has been both an actor and a singer, his careers in those two fields have more or less petered out in spite of some initial interest.
In contrast, Pacquiao’s political career has been much more successful. Granted, he lost his first election in 2007. However, Pacquiao proceeded to crush his competition in his second election in 2010, with the result that he winded up as the congressman for the district of Sarangani. His victory was particularly noteworthy because he crushed a candidate from a rich and well-connected local clan, though to be fair, his star power was a serious advantage that his opponent could not hope to match. Pacquiao was elected to the same position in 2013 in an uncontested election, which was followed up by him being elected to the Philippine Senate in 2016. As such, while Pacquiao is still best-known for being a professional boxer, he is actually a very active politician as well.
Regardless, Pacquiao has earned most of his current net worth through his success in boxing as well as various opportunities made available to him because of his success in boxing. Unsurprisingly, Pacquiao is well-loved by a lot of people in his native country as well as the rest of the world, which in turn, means that there are a lot of companies willing to offer him very well-paid contracts in exchange for his endorsement of their products and services. For the most part, his earnings in this regard have been smooth and uninterrupted. However, it should be mentioned that Pacquiao has been known to make controversial comments in the past. In particular, Pacquiao was dropped by Nike for making anti-gay comments. He didn’t actually say that gay men should be killed in 2012, but he did say that gay marriage made people worse than animals because animals don’t have same-sex relations because they recognized gender differences. Something that isn’t actually true because same-sex relations among animals is actually a pretty well-documented phenomenon, with species including but not limited to birds, insects, and more than a few mammals. Ultimately, Pacquiao backtracked to some extent by saying that he wasn’t condemning anyone but just stating something written in the Bible, but unsurprisingly, a lot of people were less than impressed.
Summed up, Pacquiao has a current net worth that is estimated to be in the low hundreds of millions by various parties. He is still a professional boxer. Moreover, he is still involved in various other activities, meaning that it seems safe to say that his net worth will continue to rise in the times to come.