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Author Topic: Manny Pacquiao: Rags-to-Riches-to-Rags?  (Read 24318 times)

MiKeDaCuTe

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Manny Pacquiao: Rags-to-Riches-to-Rags?
« on: August 22, 2013, 11:39:39 am »
Manny Pacquiao: Rags-to-Riches-to-Rags?

It's just so hard to believe Sun Star Cebu's Erwin Lirazan's report about Manny Pacquiao allegedly going bankrupt? Seriously... how do you lose all that money? One of the top-paid athletes in the world (Forbes listed him the 14th highest paid athlete of 2013), Filipino celebrity with countless endorsements and doesn't he own businesses too? How can this even be a serious report? Since the original report is in Cebuano, we are basing this article on ABS-CBN's online report. I personally don't believe it could be true so I'm more on the "What if?" side here... Pacman fans, don't hate!
 
Aside from endorsements left and right, he has won millions of dollars in many fights (win or lose) with the world's top boxers. His long-time confidante, Rex "Wakee" Salud reveals to Sun Star Cebu that Pacman doesn't know how to manage his money and is known to be very generous especially to the poor. He has helped countless people and just didn't know how to say no. He is said to have lost all his money. ("Di lang kay nahurothurot, hurot gyud! (He did not just lose his money, he lost all of it)," said Salud, who has known Pacquiao since he started boxing in the mid-'90s.)
 
Filipinos are aware of Pacman's luxurious lifestyle, his casino trips, multiple houses and expensive cars. It was also reported that he spenta huge chunk of his money--hundreds of  millions on his campaign for the elections. This is really upsetting because why else would a politician spend so much money just to get in a position that isn't supposed to give them as much money as they spent? I don't want to jump into conclusions here, but really, why?
 
It was also said that Salud hinted that Pacman is now motivated to fight because of money... Knowing this, could we still say Filipino pride? I know that he may have wanted to fight in the past also because of money but money being the ONLY motivation is a different thing.
 
Though we don't want to play the blaming game here, I just want to get this out: I hate all them greedy people who convinced our Manny Pacquiao to get into politics. He probably didn't know! His experience is in the gym and the ring. So what if he was poor once and has become an inspiration to others? Does that make him an able leader? Not really.
 
I hope this news is not true. I hope he gets back on his feet, wins a fight, finishes a term in congress, retire and forget about politics. You can help your countrymen in so many more ways, Manny. We understand you want to help the poor, but you have kids and a family and probably hundreds of staff relying on you. Do not let them down. Take care of your money, you worked hard for that and you deserve to enjoy it too for as long as you live. There's nothing wrong with being prosperous. You shed your own blood and risked your own life with each fight for the Filipino pride. You were not required to do that but you did and we are thankful for that. Also please, next time, just listen to Mommy Dionisia. Mothers know best!




Source:
Code: [Select]

http://www.urbanpinas.com/manny-pacquiao-rags-to-riches-to-rags/

Master Dave

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #1 on: August 22, 2013, 11:45:19 am »
Could be true.. Napanood ko sa TV sometime this week na binebenta na nya yung mansion nya sa US..

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #2 on: August 22, 2013, 11:52:37 am »
Nabasa ko lang din bro sa ABS-CBN

MANILA, Philippines – Is Manny Pacquiao, whose rags-to-riches story has captured the imagination of fight fans around the globe, going bankrupt?

Rex “Wakee” Salud, a long-time confidante of the Filipino boxing superstar, revealed Pacquiao’s financial status in an interview with Sun Star Cebu’s Erwin Lirazan.

"Di lang kay nahurothurot, hurot gyud! (He did not just lose his money, he lost all of it)," said Salud, who has known Pacquiao since he started boxing in the mid-'90s.

Pacquiao rose to superstardom by beating some of the biggest names in boxing including Oscar de la Hoya, Miguel Cotto, Ricky Hatton, Marco Antonio Barrera and Erik Morales.

He earned millions of dollars through those victories and became one of the top paid boxers in the industry.

Forbes Magazine even listed Pacquiao as the 14th highest paid athlete this year with estimated earnings $34 million from boxing purses and endorsement deals.

However, the boxer doesn’t seem to know how to manage his riches, as he is known to be very generous especially to the poor, according to Salud.

“Daghan man sab gud na siyang gitaba­ngan, dili man na siya kahibalo mobalibad (He helped a lot of people, and he didn’t know how to refuse),” said Salud.

The Filipino boxer is also known for his flamboyant lifestyle as he reportedly owned several mansions in Laguna, General Santos City and Forbes Park, Makati City.

He also owns an extensive collection of expensive cars, including a Ferrari 458 Italia, which he reportedly bought for $309,000 (P13.367 million).

However, some of his biggest expense went to politics.

According to ESPN’s Nigel Collins, Pacquiao spent approximately $8.6 million (around P379 million) in campaign funds for the 2010 and the 2013 elections.

“He spent an estimated $6.6 million on his successful 2010 campaign to become the congressional representative of the district of Sarangani,” Collins said in his ESPN column.

“[His] wife Jinkee and brother Rogelio also ran for office [in 2013], and it cost Pacquiao approximately $2 million to finance the campaigns,” the analyst said.

Salud hinted that Pacquiao is now motivated to fight because of money.

“Unya dugay sab siyang wala makaaway. Hurot man gani ang iyang kuwarta katong sige siya’g away, karon pa kaha nga hapit usa ka tuig una siya moaway og balik (He always ran out of money when he was still actively fighting, even more so when he stopped fighting for almost a year now),” said Salud.

The last time Pacquiao fought was in December 2012 when he lost to Juan Manuel Marquez via a shocking sixth-round knockout.

He had to take a long furlough from boxing because of the way he got knocked out.

Just recently, ABS-CBN North America News Bureau’s Steve Angeles reported that Pacquiao is selling off his Los Angeles mansion for $2.7 million.

The boxer bought the five-bedroom Mediterranean style home for $2.17 million in 2009.

Salud said the Brandon Rios fight this November will be Pacquiao’s last chance. If he fails again, then it’s over for the Filipino boxer, said the veteran boxing promoter.

“Last card na kini ni Manny, kon mapilde siya angay na siyang mo-retire (This is Pacquiao’s last card. If he loses, then I think it’s time to retire),” he said.

gardov

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #3 on: August 22, 2013, 12:09:37 pm »
sino ba yung nagsabing genius si pacman?  ::lmao

budotukmol

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #4 on: August 22, 2013, 12:14:08 pm »
ang burak balutin man ng ginto burak pa rin.

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #5 on: August 22, 2013, 05:35:35 pm »
palagay ko sa mga taxes ng property nya?pag mahal ng properties pag taas din ng pag bayad sa mga taxes nito kaya sakit din ng ulo ang maraming properties

bodieph

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #6 on: August 22, 2013, 06:11:13 pm »
tama yung sabi na sa pamimigay yan, nasobrahan. eto example lang, sa banko ha, palabas si pacquiao ng banko, biniro ng mga guard ng banko na baka pwede ba raw makahingi ng balato. bumalik sa banko si pacquiao para magwithdraw at pinamigay sa mga guard. sinabihan na sya ng bank manager na pag lagi niya gawin yang ganyan mauubos pera niya. ang sagot ni pacquiao, ok lang daw, kasi galing naman siya sa mahirap so ok lang bumalik maging mahirap sanay na raw siya (loosely translated kasi bisaya yung pagkasabi)

and now, diba nag convert siya to born again christian, duda ko malaki rin ang naibigay niya sa bagong religion niya. kung ano yung mga bisyo at mga hobby ni pacquiao malaki talaga binubuhos niyang pera so it could be true na he's losing money. pero i think hindi naman bankrupt kundi nahihirapan na to keep up with his current lifestyle

gardov

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #7 on: August 22, 2013, 07:22:46 pm »
palagay ko sa mga taxes ng property nya?pag mahal ng properties pag taas din ng pag bayad sa mga taxes nito kaya sakit din ng ulo ang maraming properties

Totoo din to. Lalo na at yung source of income nya ay once a year lang. Kahit na milyon milyon kung yung expenses naman ay milyon din, zero balance o negative pa talaga kalalabasan.

May mga business ventures din sya na hindi pumapatok di ba?

Ilonggo-by-blood

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #8 on: August 22, 2013, 08:01:16 pm »
highly exaggerated si Salud...Pacquiao got number of Pacauiao stores which sells Nike products in LA and Manila and GenSan also he got several Gasoline stations  Number of Gyms he got investment on commercial real estate in front of SM Gen San and Davao, daming investment yun selling his house in LA i think because common sense No one is living there and he will be fight permanently in Asian region.

sino ba yung nagsabing genius si pacman?  ::lmao

so you are saying?

I hate to see people downing other people just because they can't have what they want! Eka nga eh they are not happy to see other Filipino make it well, Talangka ang isip for sure hindi aasenso ang tao kung mas iniisip na malaglag ang kapwa Pinoy

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #9 on: August 22, 2013, 08:20:50 pm »
sobrang pangarap dun din sya babagsak kung sana naging boxer lang ang profession nya at wala na kung anu anu pa malamang hanggang ngaun siya parin best pound for pound ngayon. anyway impossible maging bankrupt yan kasi nasa pulitika naman sila. :applause

gardov

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #10 on: August 22, 2013, 08:47:08 pm »


so you are saying?

I hate to see people downing other people just because they can't have what they want! Eka nga eh they are not happy to see other Filipino make it well, Talangka ang isip for sure hindi aasenso ang tao kung mas iniisip na malaglag ang kapwa Pinoy

no actually tinatanong ko talaga kung sino yung nagsabing genius sya  laffman::. yung politikong sobrang sipsip sa kanya kulang na lang ay sipsipin pati hotdog ni pacquiao. 

no crab mentality here. sensya na kung iba ang iyong pagkakaanalisa sa aking sinabi. mahirap kasi makuha ang tono ng mga salita sa internet.

ang ayaw ko lang na mentality ni pacquiao, ay yung pagiisip nyang galing sya sa hirap kaya oks lang na bumalik sa hirap. pinaghirapan nya yung pera sa pakikipagsuntukan tapos sasayangin lang sa mga sipsip sa paligid nya.

oks lang maging mabait, wag lang maging uto uto.

beaverjohn2006

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #11 on: August 22, 2013, 09:36:50 pm »
Drama ni manny lang iyan, punta kayo bahay niya gensan, minsan andun siya sa wildcard gym niya gensan beside SM gensan, sa tabi ng wildcard gym is new investment, hotel, patapos na,  dalawa hotel niya sa gensan,  tatlo ang bldg puno palagi, dami nagrerent.

mga botique ng misis niya sa kcc, at veranza gensan, andun, dami bumubili, investment niya sa real estate. income niya sa gasoline station.

sinabi lang ni manny yan para wala nang humihngi pa ng tulong sa kaniya, dahil andaming tinulungan niyan.
lalo na yung pasaway na kaptid na babae niya.

may mga ALAS pa iyan sa mga lupa, sa lakesebu may resort yan siya tilapia ponds. andami.

ibang business niya di nakapangalan sa kaniya, may dummy yan. 

Ilonggo-by-blood

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #12 on: August 22, 2013, 10:56:47 pm »
Drama ni manny lang iyan, punta kayo bahay niya gensan, minsan andun siya sa wildcard gym niya gensan beside SM gensan, sa tabi ng wildcard gym is new investment, hotel, patapos na,  dalawa hotel niya sa gensan,  tatlo ang bldg puno palagi, dami nagrerent.

mga botique ng misis niya sa kcc, at veranza gensan, andun, dami bumubili, investment niya sa real estate. income niya sa gasoline station.

sinabi lang ni manny yan para wala nang humihngi pa ng tulong sa kaniya, dahil andaming tinulungan niyan.
lalo na yung pasaway na kaptid na babae niya.

may mga ALAS pa iyan sa mga lupa, sa lakesebu may resort yan siya tilapia ponds. andami.

ibang business niya di nakapangalan sa kaniya, may dummy yan.

Parekoy paano na naging drama niya eh that info did come from him fron Rene Salud... Feeling ko lang mga story na hindi validated gone wrong gaya ng story ni Alex Santos ng ABS CBN, Pinush thru yung storya niya kahit hindi or walang final validation so ayun sibak!!

wala siyang gain sa storya na yan ang may mataas na interest yung nagpalabas ng story which is a good revenue for them. hay naks bahala sila sa buhay nila si Pacquiao matatawa na lang diyan.

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #13 on: August 22, 2013, 11:22:08 pm »
Wala lang siguro tumitira masyado sa bahay niya tapos gumagastos siya dun sa bahay. Madami padin yan pera ang daming lupain ni Manny sa bandang North kasosyo si Chavit. We really don't know guys the reason chillax lang wag na mag away. Ika nga ni Manny "You Know"

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #14 on: August 23, 2013, 12:42:23 am »
walang paki si manny sa pinagsasabi niya, umiiwas na iyan dahil andaming lumalapit sa kaniya. if you want to see his new investment in gensan, punta ka dun, wildcard gym, and yung hotel niya na bago beside wildcard gym. another investment resort. andami. papaanggap na wala nang pera para di na mautangan o mahingian. gets?  magbebenta pa iyan ng property para mabawasan gastusin niya sa maintenance. dahil magfofocus siya sa business niya. paano ko nalaman? sinabi ng kakilala ko na taga lto gensan na laging kasama ni manny.

budotukmol

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #15 on: August 23, 2013, 01:12:45 am »
Parekoy paano na naging drama niya eh that info did come from him fron Rene Salud... Feeling ko lang mga story na hindi validated gone wrong gaya ng story ni Alex Santos ng ABS CBN, Pinush thru yung storya niya kahit hindi or walang final validation so ayun sibak!!

wala siyang gain sa storya na yan ang may mataas na interest yung nagpalabas ng story which is a good revenue for them. hay naks bahala sila sa buhay nila si Pacquiao matatawa na lang diyan.
paano nasali si rene salud? si mama rene ba yan? si pacman talaga hindi maubusan ng talent. pati mundo ng mga beki pinasok na.

raberdaki

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #16 on: August 23, 2013, 01:17:27 am »
maniwala kayu dyan kay wakee salud yan ang nagpapatakbo ng illegal na masioa at jai-alai dito sa cebu yung mga manok panabong ni manny sa kanya lahat napunta

Ilonggo-by-blood

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #17 on: August 23, 2013, 01:19:32 am »
paano nasali si rene salud? si mama rene ba yan? si pacman talaga hindi maubusan ng talent. pati mundo ng mga beki pinasok na.
LOL si Rex "wakee" Salud pala sorry!! 

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #18 on: August 23, 2013, 03:48:36 am »
Di dapat ma bahala ang mga supporters ni Congressman Manny...

Nakipag meeting na siya kay Janet Napoles...

 ::laffman

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #19 on: August 23, 2013, 03:55:32 am »
Parekoy paano na naging drama niya eh that info did come from him fron Rene Salud... Feeling ko lang mga story na hindi validated gone wrong gaya ng story ni Alex Santos ng ABS CBN, Pinush thru yung storya niya kahit hindi or walang final validation so ayun sibak!!

wala siyang gain sa storya na yan ang may mataas na interest yung nagpalabas ng story which is a good revenue for them. hay naks bahala sila sa buhay nila si Pacquiao matatawa na lang diyan.

paano nasali si rene salud? si mama rene ba yan? si pacman talaga hindi maubusan ng talent. pati mundo ng mga beki pinasok na.



Lol.... makikisali sana ako sa palitan ng kuru-kuro pero wag nalang nabago ang mood ko kase dami kong tawa dito...  ::lmao
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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #20 on: August 23, 2013, 04:04:20 am »
para sa akin , he needs to kasi [1] tumaas ang economy dito sa US so tumataas din ang presyo ng bahay and  [2] he didn't earn any money this year kung may bahay sya dito sa US kelangan nya mag bayad ng income tax

or matutulad sya kay Money Mayweather

diba most rich people who didn't earn any money file for bankruptcy? just to keep there income tax low i think?


Idiot

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #21 on: August 23, 2013, 04:07:52 am »
hahahahhaha

natural na ibenta yung sa states recession ngayon dun at malaki mortgages  kung loans yun or terms or kung full payment malaki taxes sa real state sa US  kase you are paying in dollars not in peso

maraming terms sa bankrupt

1. layman na bankrupt as in bankrupt walang asset or whatever
2. technical bankrupt maraming asset at investment kaso lang konti ang reserves or pera para sustain kung ano man ang ginagawa nya

manny is experiencing technical bankrupt dahil sa mga taxes at spending but it doesn't mean he is bankrupt na walang pera

and for business filing bankruptcy is one thing to escape taxes kung tama ako (paging accountant)

and losing money normal lang yan sa tao

even sa mga highly skilled battle hardened 20-30 years CEO e nababankrupt nila company nila si manny pa kaya





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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #22 on: August 23, 2013, 04:11:56 am »

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #23 on: August 23, 2013, 04:27:18 am »
actually di pa nainterview si manny alam ko na ang balita, dahil sa post ko kanina na ibebenta niya ibang bahay nya dahil mahal sa maintenance walang tao. daming bahay eh.  at magfofocus yan sa negosyo. yan sinabi sa akin ng kakilala ko na taga Lto na close friend ni manny sa gensan. tingnan nyo repost sa abs cbn, manny deny bankruptcy.  di yan haka haka sa bunganga mismo ni manny galing yan kahapon.

Idiot

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Re: Manny Pacquiao: Rags-to-Riches-to-Rags?
« Reply #24 on: August 23, 2013, 04:52:40 am »
Quote
actually di pa nainterview si manny alam ko na ang balita, dahil sa post ko kanina na ibebenta niya ibang bahay nya dahil mahal sa maintenance walang tao. daming bahay eh.  at magfofocus yan sa negosyo. yan sinabi sa akin ng kakilala ko na taga Lto na close friend ni manny sa gensan. tingnan nyo repost sa abs cbn, manny deny bankruptcy.  di yan haka haka sa bunganga mismo ni manny galing yan kahapon.

yup yup kaya namili sya ng bahay dahil booming ang real state hindi dahil mayabang or tanga na kala ng iba

utak negosyante lang

kaso hindi na predict ang bust sa real state kaya imbes na dumoble value bumagsak price ngayon may slight boom sa US kaya parang stock exchange sell sell sell ka bago mag bust mode ulit kase temporary lang ang boom dyan dahil mababa ang savings rate sa states