Boxing legend Manny Pacquiao has also announced his retirement from the game to focus on his political career.
The multi-division world champion, a senator from his native Philippines, has already expressed his desire to run for president in the country’s 2022 election.
The 42-year-old lost in the final to Cuban Jordanis Ugas in Las Vegas last month.
“I just heard the final bell. Boxing is over,” Pacquiao said.
Posted in a video Social media, Pacquiao described retirement as a “difficult decision” in his life, adding that boxing gave him “the opportunity to fight poverty and the courage to change his life for the better”.
He thanked his fans, friends and all those who supported him throughout his career, especially longtime trainer Freddie Roach, whom he described as “my family, a brother and a friend.”
“I will never forget what I did and what I did in my life,” he said.
After growing up in poverty in the southern Philippines, Pacquiao moved to the capital Manila as a teenager to begin a boxing career that would make him one of the highest paid athletes in the world.
He won his first major title in 1998 at the age of 19, defeating his Thai uncle Sasakul for the WBC Flyweight title.
Within three years he was fighting in Las Vegas, defeating South Africa’s Lehlohonolo Ledwaba for the IBF Super Bantamweight title at the MGM Grand, the venue for most of his fights over the next two decades.
He is now regarded as the greatest professional boxer of all time, winning 12 different titles in eight weight categories and the only boxer to hold the World Championship for four decades.
In July 2019, Pacquiao became the oldest welterweight world champion in history at the age of 40. Keith defeats Thurman To win the WBA (Super) Welterweight title, although he was stripped of the title in January 2021 due to inactivity.
Speaking after his defeat to Agass Ugas, Pacquiao also said that he was “60-40” for To leave.
He retired with a record of 622 wins, eight defeats and two draws.
Pacquiao also entered politics in 2010 when he won a seat in the lower house of the Philippine Congress, before being elected to the upper house in 2011 for a six-year term.
He confirmed his intentions earlier this month Race for president After being nominated as a candidate by the ruling party PDP-Laban.