- 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
Do you know that Chavit Singson spent millions of dollars to bring Miss Universe to the Philippines?
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.
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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.
Here are Filipina beauties who are worth to become Miss U.