Boxing

Manny Pacquiao's Net Worth Makes Saturday's Purse a Drop in the Bucket

LAS VEGAS, NV - DECEMBER 07:  Boxer Manny Pacquiao poses on the scale during the official weigh-in for his welterweight bout against Juan Manuel Marquez at the MGM Grand Garden Arena on December 7, 2012 in Las Vegas, Nevada. Pacquiao and Marquez will fight each other for the fourth time on December 8 in Las Vegas.  (Photo by Jeff Bottari/Getty Images)
Jeff Bottari/Getty Images
Mike ChiariFeatured ColumnistNovember 22, 2013

Manny "Pac-Man" Pacquiao is set to add a considerable sum to his bank account when he takes on Brandon "Bam Bam" Rios on Saturday, but the Filipino star's massive net worth suggests that he won't even notice.

According to CelebrityNetWorth.com, Pacquiao was worth roughly $85 million as of December 2012. His most recent fight, which was a knockout loss to Juan Manuel Marquez, took place o Dec. 8, 2012, which means he hasn't added much to the piggy bank aside from endorsements since then.

As of June 2013, Pacquiao's year-long earnings totaled $34 million, per Forbes. An estimated $26 million of that came courtesy of the Marquez fight, while $8 million derived from endorsements with Nike, Monster Energy, Hennessy, Wonderful Pistachios and San Miguel Beer.

According to Kevin Iole of Yahoo! Sports, Pacquiao is guaranteed $18 million simply for stepping into the ring with Rios on Saturday, although it could become as much as $30 million depending upon the gate and pay-per-view sales.

While $18 million may seem like an insane amount of money to a normal person, it's just another day at the office for Pacquiao. Far be it from him to turn down $18 million in guaranteed money, but it isn't as if he would be hurting had he decided against accepting this fight.

At the same time, Pacquiao's upcoming purse is nothing compared to what rival Floyd Mayweather brought in from his last fight. According to Kurt Badenhausen of Forbes, the Mayweather vs. Saul "Canelo" Alvarez bout broke the record for pay-per-view revenue at $150 million, which netted Mayweather more than $80 million.

A potential payday of $30 million is nothing to sneeze at, but it does highlight the fact that Mayweather has easily surpassed Pacquiao as the No. 1 pay-per-view draw in boxing. Pacquiao is the clear No. 2, however, and he has proven that being No. 2 can still be quite lucrative.

The main thing holding Pacquiao back in terms of approaching Mayweather's number of $80 million is his opponent. Rios is a solid fighter with a lot of potential, but the name recognition doesn't compare to a guy like Alvarez. That just goes to show that Pacquiao does need some help when it comes to generating revenue.

Pacquiao has such a long track record of pay-per-view hits, though, that he has built himself a very nice war chest. Although there have been whispers about Pacquiao potentially retiring, especially since he is coming off two losses, it's tough to blame him for continuing to fight.

It's true that he doesn't necessarily need more money with $85 million already to his credit, but why not take it? Based on the way some athletes tend to blow through their money, it can be said that there's no such thing as too much. Pacquiao's purse on Saturday may not mean much to him now, but it will be nice to have in the grand scheme of things.

Ultimately, the rich will get richer on Saturday, and Pacquiao will have a big pile of money in his possession whether he wins or loses.

 

Follow @MikeChiari on Twitter

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