The boxing legend has decided to hang up his gloves and continue his venture into the world of politics. He made a fortune during his career, becoming one of the best-paid athletes in the world. So what is Manny ‘Pacman’ Pacquiao’s net worth in 2021 after announcing his retirement?
Manny Pacquiao announces retirement from boxing
Boxing legend Manny Pacquiao has officially announced he’s retiring from the ring at the end of an illustrious career.
The eight-division world champion announced the news via a 14-minute video posted to his official Facebook page.
He said: “As I hang up my boxing gloves, I would like to thank the whole world, especially the Filipino people for supporting Manny Pacquiao. Goodbye boxing.
“It is difficult for me to accept that my time as a boxer is over. Today I am announcing my retirement.”
The 42-year-old, who is a senator in his native Philippines, has been dividing his time between politics and fighting in recent years.
He is leaving the sport to focus on his political career, and plans to run for president of the Philippines in the 2022 elections.
The Pacman’s incredible career detailed
Pacquiao’s boxing journey is a true rags-to-riches story, having grown up in poverty in the southern Philippines.
As a teenager he moved to the capital, Manila, by boat and made his professional boxing debut as a junior flyweight in 1995 at the age of 16.
In 1998, aged 19, he won the WBC flyweight title, putting him well on his way to boxing immortality.
Regarded as one of the greatest boxers of all time, Pacquiao was known for his blistering speed and footwork.
Manny won 12 titles across eight weight divisions. Pacman is the only boxer to hold world championships across four decades.
He also became the oldest welterweight champion in history by beating Keith Thurman for the WBA (Super) welterweight title in 2019.
He finishes his career with 62 wins (39 by knockout), eight losses and two draws.
What is Manny ‘Pacman’ Pacquiao’s net worth?
Pacquiao brought unparalleled success to his home nation, where he is known as Pacman, People’s Champ and National Fist.
Pacquiao entered politics in 2010, and even by then he was one of the world’s best-paid athletes.
In 2015, he faced Floyd Mayweather in one of the biggest fights of the decade.
Manny reportedly earned $120 million despite the defeat. Since then, the Filipino senator’s wealth has only gone up.
Manny Pacman Pacquiao’s net worth is reportedly $220 million. However, Pacquiao has reportedly donated a lot of his wealth to charities.