After weeks of speculation that Filipino boxing champ Manny Pacquiao is set to buy a mansion in Beverly Hills previously owned by singer Jennifer Lopez, reports have confirmed that the down payment has already been paid.
The mansion is gated and set in a secured community. It is estimated to be worth more or less $12 million (around Php500 million), according to ABS-CBN News. The source revealed that Pacquiao has already made a partial payment, but did not disclose the actual amount.
Fight purse more than enough for mansion
Although the exact figures of the fight purse have not been revealed, reports estimate that Floyd Mayweather, Jr. would be receiving at least $120 million (Php5,323,860,000) while Pacquiao will get at least $80 million (Php3,549,240,000) in a 60/40 sharing.
With this fight purse, the money Pacquaio will be receiving is more than enough to cover the cost of JLo’s former mansion plus five others of the same price. The boxer is also planning on building a sports complex in the US but has not yet found the best spot to buy. (Kicker Daily News)