July 15, Sunday, marks the return of professional boxer and Philippine senator Emmanuel “Manny” Pacquiao to the boxing ring, as he faces off Argentine professional boxer Lucas Matthysse in Kuala Lumpur, Malaysia. It is Pacquiao’s first match since his controversial loss to Australian boxer Jeff Horn last July 2017, and it marks his 69th professional match overall.
While no earnings estimates have been released for the fight, it is almost guaranteed to add millions of dollars to Pacquiao’s already large fortune, if his recent fights are any indication. The boxing champion declared a net worth of Php2.9 billion as of end-2017 in his latest asset disclosure statements released in May 2018, making him the second richest senator.
Based on various news articles and reports by several media outlets, Pacquiao has made more than $400 million (Php21.4 billion) from his past 25 fights. This begins with an estimated $1.75-million paycheck in his first match against Mexican boxer Erik Morales back in 2005, and lasts until the $10-million purse he earned from his match with Horn last year.
More than a fourth of his total earnings in the last 13 years can be credited to a single fight: Pacquiao’s much-anticipated bout with American boxer Floyd Mayweather Jr. in May 2015. Reports vary as to how much Pacquiao actually earned from that fight, but the estimates converge to $120 million.
It should be noted that most if not all of these earnings are rough estimates. A professional boxer of Pacquiao’s status earns from each fight through several means, which includes his guaranteed payout from his promoter, his cuts from pay-per-view and ticket sales, and his sponsorships and endorsement deals. The figures in the infographic above are rough estimates encompassing one, two or all of these factors, which means that the $419-million total may not capture the whole picture.
In fact, US business magazine Forbes had already pegged Pacquiao’s total career earnings at $500 million back in 2016, which includes both his fight purses and endorsement deals. This was published before his last two fights with Horn and American boxer Jessie Vargas, which would add around $14 million to his total earnings.
How much his fight with Matthysse on Sunday will add to this total remains to be seen. But the July 15 bout is notably the first international event that will be primarily handled by Pacquiao’s own promotion company, MP Promotions. A quick search at the Securities and Exchange Commission website shows an MP Promotions Inc. that was established in 2006 but whose registration was revoked. A newly established firm called MP Promotions and Events Organizer Inc., also owned by Pacquiao, was incorporated in 2017.
Most of his previous fights were handled by American boxing promotion firm Top Rank, which had often decided how much Pacquiao earned from each fight as his official promoter. However, reports in March 2018 revealed that Pacquiao’s contract with Top Rank had expired, and that he has chosen not to renew it.
Lorenzo Kyle Subido is a staff writer of Entrepreneur PH