Manny Pacquiao Net Worth: Analyzing Pac-Man's Status Heading into Algieri Fight

Manny Pacquiao is fighting for his boxing livelihood in Saturday's showdown with Chris Algieri at Cotai Arena in the Venetian Resort in Macau, China.

Pac-Man's net worth is listed at $100 million on CelebrityNetWorth.com, but he also has outstanding tax issues in his native Philippines that total $75 million.

Robert W. Woods of Forbes.com provided more details on Pacquiao's situation in October:

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Pacquiao claims he paid his income taxes for 2008 and 2009 in the United States, and that a two-country treaty protects the cash from being taxed twice. But the Philippine government has been steadily moving to collect. The current flap is over the bond serving as alternative security.

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Although that issue may still be resolved and result in a far lesser financial penalty, Pacquiao may not see another big payday should Algieri pull off an upset victory.

Here's the great news: Pacquiao is guaranteed $20 million at minimum for the Algieri fight regardless of the outcome. Pacquiao's promoter, Bob Arum, explained the incentive to fight in Macau as opposed to U.S. soil to USA Today's Martin Rogers.

"By fighting in Macau, Manny is not subject to United States income tax," said Arum. "Most of that would be at 39.6 per cent. We are talking millions of dollars he can save."

Pacquiao is still going to be taxed 20 percent in the Philippines, but avoiding the stateside Internal Revenue Service will allow him to pocket far more cash.

A potential epic matchup with Floyd Mayweather Jr. still looms for Pacquiao. To have any hope of pulling off that highly anticipated bout, though, it's critical that Pacquiao takes care of business versus Algieri and in any other fights that stand between him and Mayweather.

Trading punches with Mayweather would give modern fans what they want and would likely become the biggest moneymaker in boxing history. That would alleviate just about any possible concerns Pacquiao would have for his future finances.

However, ESPN expert Dan Rafael, along with many others, is still skeptical as to whether that duel will ever transpire:

Critics have suggested that Pacquiao has been declining in the ring in recent years, and facing an opponent like Algieri is dangerous. The underdog has a superior reach, exceptional stamina and a strong enough chin to take the Pacquiao punches that aren't quite as devastating as they once were.

Since being knocked out by archrival Juan Manuel Marquez, though, it appears Pacquiao has returned more to his previous elite form. A resounding unanimous-decision triumph in his rematch with Timothy Bradley showed Pacquiao in excellent form, and he beat Brandon Rios with ease in the bout before.

So while there's reason to be optimistic about Paquiao's future based on his past two performances, one slip-up against Algieri could prove catastrophic and extremely costly for the remainder of his career.

One silver lining for Pacquiao if he loses is that he has many other interests outside of boxing that can help him. Between politics and alternative public-eye opportunities for exposure in the entertainment industry, there are avenues he can explore that don't involve red gloves and physical punishment.

As long as he manages his money better than he has in the past—which has resulted in a considerable loss from his $300 million in career boxing earnings—Pacquiao's monetary situation should be secure.