Chavit paid millions of dollars to bring Miss U to PH

Chavit paid millions of dollars to bring Miss U to PH

- Chavit Singson spent millions so that the Philippines can host the Miss Universe pageant

- The total amount spent runs at approximately $25 million

- This amount includes the $12 million luxury yacht, accommodation, meals of officials and candidates

Chavit paid millions of dollars to bring Miss U to PH

Chavit paid millions of dollars to bring Miss U to PH (Photo credit: abs-cbn)

Do you know that Chavit Singson spent millions of dollars to bring Miss Universe to the Philippines?

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Here's the breakdown (according to TNP):

$1 million - paid upfront to the Miss Universe Organization

$6 million - paid for the right to hold pageant

$6 million - paid for the production cost (accommodation, transportation, meals for candidates, officials and staff)

$12 million - cost of M/Y Happy Life, the 16-room luxury yacht (with Jacuzzi and KTV rooms) that Chavit paid for, that brought candidates from Batangas to Manila.

That's a total of $25 million, which is P1.2 billion at the ongoing exchange rate of P48 per $1.

Chavit paid millions of dollars to bring Miss U to PH

M/Y Happy Life luxury yacht (Photo credit: gmanetwork)

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According to the 75-year-old governor, he said that he can afford it since he runs a business even before he entered the political arena.

READ ALSO: Erich Gonzales deletes photos of Daniel Matsunaga from IG

Chavit paid millions of dollars to bring Miss U to PH

Here are Filipina beauties who are worth to become Miss U.

Source: Kami.com.ph

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