Pacquiao denies he is losing money

Posted at Aug 26 2013 05:59 PM | Updated as of Aug 27 2013 01:59 AM

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MANILA, Philippines – Is Manny Pacquiao going bankrupt? There have been rumors that the Pacman has mismanaged his wealth, after reports surfaced that he is selling his mansion in Los Angeles.

But in an interview with Dyan Castillejo of ABS-CBN News, Pacquiao set the record straight.

Forbes Magazine listed Pacquiao as the 14th highest paid athlete this year, with estimated earnings of $34 million from boxing purses and endorsement deals.

He is set to fight Brandon Rios in Macau this November. -- On the Scene, ANC, August 26, 2013