What happens if boxer Manny Pacquiao suddenly gets injured or disabled in his next ring encounter? God forbid he does not because his fight purse won’t be enough to settle his maturing tax obligations to the U.S. and the Philippine governments.
Nobody exactly knows at this time — except his close family and perhaps his financial adviser Michael Koncz — how much is his present net worth.
But for sure he will go bankrupt if his current and fixed assets are not enough to cover up his financial obligations, which have been reported by BIR and IRS at $68 million. (BIR-$50 million, IRS-$18 million).
The bigger question is, what if Pacquiao gets injured in his next fight?
Obviously, Pacquiao will go bankrupt and that would be a sad ending of his colorful boxing career. The consequences would be enormous and wide-ranging as it would define his political career and aspirations.
I would not be surprised. Manny seems so trusting and you know people take advantage of that!