Culture

What Should Manny Pacquiao Do With His Money?

Some of the country's most prominent businessmen weigh in.
ILLUSTRATOR Jasrelle Serrano
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Manny Pacquiao is still a billionaire. According to an Entrepreneur feature, he owns 103 properties in the Philippines, real estate in Los Angeles, among other things. Despite his loss to Jeff Horn on July 3, he still received a cool $10-million paycheck, enough to reinstate him to Forbes' Highest-Earning Athletes list. 

We ask some of the country's most prominent businessmen to weigh in on how the pound-for-pound champion can invest his money—and finally, finally retire. 

“If I were Manny and considering the relatively short time span I have to earn, I would buy houses for all of my kids and then set aside a large amount in safe government securities, enough to live off the interest for the rest of my life.”

–LANCE GOKONGWEI, CEO, CEBU PACIFIC; COO, JG SUMMIT HOLDINGS INC.

“I would invest in equities and real estate if I were Manny Pacquiao.”

–TERESITA SY COSON, CHAIR, SM INVESTMENTS CORP.

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“If I were Manny Pacquiao, I would definitely put my money in prime real estate.”

–JOSE EB ANTONIO, CHAIRMAN, CENTURY PROPERTIES

“I would invest in a balanced portfolio of prime Philippine assets—in blue chip stocks, bonds, and real estate. The Philippines is on the verge of a takeoff!”

–JORGE L. ARANETA, CEO, ARANETA PROPERTIES INC.

“If I were Manny Pacquiao, with his wealth, I will put my pound-for-pound money in the following investments: real estate 20 percent—solid assets that appreciate. In any country, the first to survive after a tremendous crisis are real estate owners as property can be used as collateral for extensive borrowings; fixed income/capital markets 60 percent—lower yield/lower risk; equity markets/mutual funds 20 percent—higher yield/higher risk. Of course I will have a good fund manager to handle my portfolio.”

–ROLANDO HORTALEZA, PRESIDENT, SPLASH HOLDINGS

“If I were Manny, I would donate a part of my money in a charitable institution and then I will ask John Gokongwei, Henry Sy, and Ramon Ang where to put or invest my money.”

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–ROBERT COYIUTO JR., CEO, PGA CARS INC.

“I would invest in real estate, stocks, bonds, and mining in the Philippines.”

FRANCIS CHUA, PRESIDENT, PHILIPPINE CHAMBER OF COMMERCE AND INDUSTRY

“If I were Manny Pacquiao, I will put all of my money here in the Philippines, specifically real estate and the stock market. There is still so much potential here.”

–FELIX ANG, CEO, CATS MOTORS

“I would advise Manny to put his money with Citi, of course! With our global footprint, we can serve his financial needs wherever he competes. Judging from media reports on his income from competitions and endorsements, he can pursue a number of investment opportunities—short, medium, and long-term as well as conservative, moderate and aggressive and ride out any market volatility. Personally, I would encourage him to invest as well in meaningful community projects in  support of philippine sports so we will have more champions like him.”

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–SANJIV VOHRA, CITIBANK COUNTRY OFFICER FOR THE PHILIPPINES

This article originally appeared in the October 2011 issue of Esquire Philippines. Minor edits have been made by the Esquiremag.ph editors.

 

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