50 Cent invests in Pacquiao's 'retirement plan'

By Steve Angeles, ABS-CBN North America Bureau

Posted at Dec 03 2012 02:56 PM | Updated as of Dec 03 2012 10:57 PM

LOS ANGELES - Hip hop star, actor, entrepreneur, and now fight promoter Curtis Jackson, best known as ‘50 Cent’, has been regarded as one of the most successful business-minded musicians.

The artist who debuted with the album ‘Get Rich or Die Tryin’ now looks to get richer with his new business partner Manny Pacquiao.

“I was actually forming this company to leave it as an actual asset that Pacquiao and Mayweather can both have equity in for the future,” Jackson explained.

“It can be like a retirement plan for both him and Floyd that would allow them to continuously be in boxing like you see Oscar Dela Joya around with Golden Boy Promotions,” he added.

The Pacman and Jackson’s first joint project will be under Top Rank, promoting a World Boxing Association interim super bantamweight title fight between Cuba’s Yurorkis Gamboa and Filipino Michael Fareras, as an undercard for Pacquiao’s December 8th match against Juan Manuel Marquez.

“We’re working on boxing, we plan to do some shows together then we’re going to get into some other business ventures like real estate development,” said Michael Koncz, Pacquia’s financial advisor.

Jackson said he initially got involved with Pacquiao as he was trying to help negotiate the Pacquiao Mayweather mega fight.

Despite a Twitter spat with Floyd Mayweather Jr., Jackson explained that he and Mayweather remain friends and he is still working on making the Pacman-Mayweather match happen.