Manny Pacquiao debuts in the 6th spot in the latest list of Forbes Magazine's "The World's Highest-Paid Athletes."
He has earned around $40 million for the past 12 months and has tied along with 2009 NBA Most Valuable Player LeBron James and golfer Phil Mickelson in the 6th spot.
His debut on Forbes' list is due to his two recent victories over Oscar de la Hoya and Ricky Hatton in December 2008 and May 2009, respectively. The fights had "generated more than $100 million in pay-per-view revenue in the US" alone. Added to his income are his endorsement deals in the Philippines which include top brands like San Miguel Corporation and Nike.
According to abs-cbnnews
, Pacquiao's fight with Hatton has generated gross earnings that was just $4 million shy of the $16 million foreign investments that the entire Philippines attracted in February of 2008.
Tiger Woods ranks # 1 with $110 million earnings in the past 12 months, followed by Finnish Formula One driver Kimi Raikkonen and basketball stars Michael Jordan and Kobe Bryant who tied at the second spot with earnings at around $45 million over the past year. On fifth spot is David Beckham with $42 million earnings.
Also in Forbes, Pacquaio also debuted in the recent "Forbes Celebrity 100" in rank 57.
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Pacquiao was also Time Magazine's rank 22 on "100 Most Influential People" and he was recently declared as the 2008 "Fighter of the Year" by the Boxing Writers Association of America.