Quijano: Manny’s millions-A A +A
Saturday, August 24, 2013
ONE of my favorite movies back in the 80s was “Brewster’s Millions” starring Richard Pryor.
It was hilarious with Richard Pryor‘s thespian prowess, but what really fascinated me was the plot.
The main character Brewster had to spend $30 million in 30 days with certain conditions on its disbursement so that he could inherit his uncle’s fortune of $300 million.
It may not seem like a huge amount of money nowadays but back then thought of someone spending $30 Million in 30 days fascinated me.
WAKEE. Oops. Rex “Wakee” Salud has clarified that he never said Manny Pacquiao was bankrupt, only that his earnings have probably dwindled down.
Let’s put things in perspective. People often wonder if it’s possible for Manny to lose all his money.
The answer is in the affirmative if you are talking about possibilities. In Manny’s case, he is a very charitable person and is prone to giving financial dole-outs.
But it’s all about financial management and in Manny’s case I hope he doesn’t follow in the footsteps of the Mike Tyson and Evander Holyfield.
TYSON. “Iron” Mike was estimated to have earned around $400 million in his boxing career. Both he and Lennox Lewis figured in the richest fight in boxing history with a cool $50 million dollars apiece.
How did he lose it all?
He was only 20 years old when he became a world champion and was not ready for the heady mix of fame and wealth.
Profligate spending and aberrant behavior? You name it he did it. Jewelry, fast cars, cocaine, court settlements, federal rape charge, nasty divorce.
One of his more infamous purchases was a bathtub made of gold worth $2 million which he gave to his ex-wife Robin Givens for her birthday. That same day he also threw a party which cost $410,000.
In 2003 Mike also purchased three Bengal tigers for $140,000 with a monthly cost of $4,000 for their care.
Over the years, he also had problems with his managers and tax payments issues.
In his last fight back in 2005, he publicly stated that he was fighting Kevin McBride simply for the payday and that he had lost his passion for the sport.
He is currently clawing himself out of that financial quagmire. He did cameo appearances in the movie Hangover, where he was paid $200,000 and has entered the promotional aspect of boxing.
EVANDER. “The Real Deal” is estimated to have amassed around $250 million in his career but he probably doesn’t know how to recognize one when it comes to his finances.
One of his ill-advised deals was purchasing a 235-acre estate with a 54,000 square foot, 109-room mega mansion.
When his career began to ebb, he was promptly sued for $500,000 in unpaid landscaping fees. The property was later on sold for a paltry $7.5 million when it was auctioned.
Evander is also saddled with child support payments and sadly at 50 years old, is still ambivalent about his retirement.
FLOYD AND BRONER. Some of today’s top boxers aren’t too shabby in the extravagance department either. Floyd Mayweather Jr. spent $16 million on an engagement ring and has been videotaped burning money at an Atlanta nightclub.
Not to be outdone, his wannabe Adrien “The Problem” Broner has also engaged in some lecherous conduct. Check out his video on the internet where he is flushing money down the toilet.
At least “Money” Mayweather is a confirmed multi-millionaire. But for Broner who still has to get some serious career purses and make his mark in the sport, he should bear in mind the adage, “A fool and his money are soon parted.”
LAST ROUND. It’s on my niece, Bianca Nicole Quijano Hubahib who celebrates her birthday today. Cheers Bam!
(Follow Jingo Quijano on Twitter at www.twitter.com/thelastround)
Published in the Sun.Star Cebu newspaper on August 25, 2013.