Talented comedian Michael V (a.k.a. Beethoven Bunagan or simply Bitoy among showbiz colleagues and friends) credits his wife Carol for putting his earnings into good use by investing in several restaurants.
“Yeah, ako yung show, siya yung business,” said Michael V, who admitted that venturing into business is not his forte.
It will be recalled that he once tried putting up a restaurant together with then Bubble Gang co-stars Ogie Alcasid, Rufa Mae Quinto, Ara Mina, Wendell Ramos, Antonio Aquitania and Boy 2 Quizon back in 2005.
Two years later, the restaurant suffered losses and eventually closed.
“Oo, kasi nung ako ang sumubok dati, Bubble Gang Toppings sa Katipunan, parang walang nangyari. Hindi na kami kumita, may utang pa ako. Nagsara na kami.
“Ang dami namin. Halos lahat ng cast sumali, nag-invest, nag-pitch ng pera,” Michael V told PEP.ph (Philippine Entertainment Portal) and other media reporters after his press conference for Killer Karaoke Pinoy Naman last October 25.
But thanks to his wife, who happens to be his talent manager as well, Michael V’s finances are being handled wisely.
Michael V and his wife Carol Bunagan have been married for 22 years now. They have four children: Milo, 19; Yani, 15; Migo, 10, and Maypaul, 5.
The 43-year-old actor/host further related, “Asawa ko ang merong investments. Si misis mahilig sa food business, e. At this point meron kaming tatlong pinasukan na mga franchise. Bukod pa sa Mr. Donut na ginagawa ko.
“There’s this whole day breakfast na Milky and Sunny, medyo healthy na resto na Yellow Halo sa Ortigas. Tapos meron pang isa sa U.P. town center. Meron isang cake place. Basta dessert place, pangalan ng babae, parang Mrs. Fields or something.”
Michael V’s best pal and former Bubble Gang co-star Ogie Alcasid also owns Ryu Ramen and Curry, a Japanese restaurant in Tomas Morato, Quezon City.
Asked if he would enter into business partnerships again, Michael V reiterated that he’d rather focus on his creative endeavors.
“Ay, hindi ako naki-business na dun. Kagaya ng sinabi ko, personally ayoko. Nagugulo ang aking creative mind.”
REAL ESTATE PROPERTY IN U.S. Apart from their food businesses, Michael and Carol also own a vacation house in Eastvale, California.
The family have been spending their Christmas holiday break in the United States since acquiring the property three years ago.
And they've already booked their plane tickets for their trip in December.
“We're leaving for California on December 16 until January something. Yun ang tradition namin. Although baka for this year na lang muna ‘yan kasi nami-miss na namin ang ingay at gulo ng Pasko sa Pilipinas.”
Michael V further shared that it’s quite expensive maintaining a property in the U.S.
“Medyo. Mataas yung amilyar, e. Akala nga namin naka-jackpot na kami kasi mura namin nabili ang property—house and lot—at hindi gano’n kataas ang presyo, ha? At napakaganda ng community.
"Papatayin ka pala sa amilyar. Kaya eventually ipapa-rent out na namin.
“Right now, walang nakatira, pero pinapatingnan namin sa cousin ng asawa ko.”
At this point, Michael V just feels grateful to see that his hard-earned money is being spent wisely.
As for his other endeavors, the comedian hopes he can finally make time next year to start his directorial project, Mr. Assimo. It is a spin-off from his popular segment of the same title in Bubble Gang.
To date, Michael V is busy hosting Eat Bulaga and as one of the lead stars/creative director of Bubble Gang.
He is also slated to host TV5’s upcoming game show Killer Karaoke Pinoy Naman, starting November 16.