Tokyo Olympics silver medalist Carlo Paalam invests in two-story commercial building

by Nikko Tuazon
Jan 13, 2022
Carlo Paalam
On January 11, 2022, Olympics silver medalist Carlo Paalam proudly showed on Facebook the fruits of his hard work—a two-story commercial building with a mini grocery aptly called Paalam Store.
PHOTO/S: Carlo Paalam on Facebook

Tokyo Olympics silver medalist Carlo Paalam is now a proud owner of a two-story commercial building.

The commercial space includes a mini grocery aptly called Paalam Store, and is located in Carlo's hometown in Cagayan de Oro City.

The Olympic athlete proudly showed the fruits of his hard work in a Facebook post uploaded on January 11, 2022.

"Another hard work earned [emoji]," Carlo wrote in the caption of his post.

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According to an article by Business Mirror, the building sits on a 200-square-meter lot in Zone 10 Upper Carmen, Cagayan de Oro City.

Aside from the mini grocery, other commercial spaces on the first floor and the apartment on the second floor are also available for lease.

CARLO'S INVESTMENTS

In the same article, Carlo mentioned that he bought the lot after winning the men’s flyweight bronze medal at the 2018 Asian Games in Jakarta, Indonesia, which earned him PHP950,000.

The construction started when he earned another PHP850,000 for winning a gold medal at the 2019 SEA Games.

In his interview with Charo Santos-Concio for his Maalaala Mo Kaya episode early this month, Carlo revealed that he has also invested in a farm after winning a silver medal at the 2020 Tokyo Olympics in August 2021.

Charo asked Carlo about his father in Cagayan de Oro. The athlete answered, "Sa ngayon, okay naman po siya ngayon. Nandun po siya sa probinsiya po, busy din po sa hanapbuhay rin po.

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"Kasi siya yung nag-ano ng... bumili po kasi ako ng lupa po, parang farm po."

Carlo received a total of PHP24.5 million cash from multiple sources as part of his incentives for winning a silver medal at the Tokyo Olympics.

He also received a fully-furnished house and lot, which is located at Blue Farm Villa in Davao City, amounting to PHP1,568,314.08 million from the National Housing Authority.

Carlo has another house and lot in Tagaytay City, courtesy of Philippine Olympic Committee President Representative Abraham “Bambol” Tolentino and Senator Francis “Tol” Tolentino.

Indeed, the fomrer scavenger has come a long way, thanks to his love for boxing.

The Olympic athlete is currently in Baguio for his training.

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On January 11, 2022, Olympics silver medalist Carlo Paalam proudly showed on Facebook the fruits of his hard work—a two-story commercial building with a mini grocery aptly called Paalam Store.
PHOTO/S: Carlo Paalam on Facebook
  • This article was created by . Edits have been made by the PEP.ph editors.
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