From $20 to $20 million, Pacquiao’s journey to final payday

Twenty-one years after clambering through the ropes for his first professional fight, Manny Pacquiao will make the long walk to the ring for what could well be the final time on Saturday in Las Vegas.

It will complete one of the most vivid rags-to-riches journeys in a sport that is famous for them, an odyssey which has taken him from a USD 20 purse to a reported USD 20 million payday for this weekend’s finale against Tim Bradley.

A lot has changed for Pacquiao since January 25 1995, when as a skinny 16-year-old he outpointed Edmund Enting Ignacio in a four-round bout before a few hundred spectators on the wild and rugged Philippines island of Mindoro.

Pacquiao traveled to that fight by ferry, buying his own ticket for the three-hour boat ride from Manila for a contest which earned him 1,000 pesos, approximately USD 21 dollars at today’s rate of exchange.

“It was very small,” Pacquiao recalled here Wednesday as he prepared for his third and final meeting with Bradley.

“But it was my desire to box. At that time I boxed because I wanted to help my mother, and my family.”

‘We had no money’ - Boxing provided Pacquiao with an escape from crushing poverty.

“We had no money. I was the breadwinner. I helped send my brother to school, I worked at boxing,” he said.

“I loved doing it because I was helping my family. When you have nothing you don’t care how hard the work is.”

Since that meager first purse, Pacquiao’s fights have generated an estimated $500 million, swollen by his cut from last year’s money-spinning “Fight of the Century” against Floyd Mayweather which ended in defeat.

Pacquiao will bank another bumper paycheck this weekend.

Even allowing for the fact that Saturday’s bout has struggled to generate the crackle of anticipation that surrounded his iconic battles with the likes of Mayweather, Oscar de la Hoya and Ricky Hatton, Pacquiao remains big box office.

Bob Arum, the legendary 84-year-old promoter, pinpoints Pacquiao’s narrative arc as the source of the Filipino’s enduring appeal.

“He’s just a great story,” Arum said. “A rags to riches story. A kid from the streets of the Philippines, lived in a cardboard shack. Worked his way up, comes to the United States ... becomes one of the biggest fighters of our time.

“I was in boxing for a long time before Manny arrived. I remember all the Filipinos. Some of them were good. Some were OK. None of them were great. Manny is great.”