Hidilyn Diaz

Hidilyn Diaz gets P14-million condo from Andrew Tan’s Megaworld

Ralf Rivas
Hidilyn Diaz gets P14-million condo from Andrew Tan’s Megaworld

Tokyo 2020 Olympics - Weightlifting - Women's 55kg - Medal Ceremony - Tokyo International Forum, Tokyo, Japan - July 26, 2021. Gold medalist Hidilyn Diaz of the Philippines reacts. REUTERS/Edgard Garrido

Edgard Garrido/Reuters

'This epic moment is about 97 years in the making, and this is our way of saying thanks to Hidilyn for making us all proud,' says Kevin Tan, Megaworld's chief strategy officer

After bringing home the Philippines’ first Olympic gold medal, Hidilyn Diaz is getting rewarded by tycoon Andrew Tan with a P14-million condominium unit.

Tan’s Megaworld Corporation on Tuesday, July 27, said it will be giving Diaz a residential condominium unit in Eastwood City.

“This epic moment is about 97 years in the making, and this is our way of saying thanks to Hidilyn for making us all proud,” said Kevin Tan, Megaworld’s chief strategy officer.

“We believe that it’s just right to give our first-ever Olympic gold medalist a home in our first-ever township, Eastwood City, where she can enjoy the township lifestyle with her family and loved ones.”

Diaz, 30, set an Olympic weightlifting record in the women’s 55-kilogram event by lifting a total of 224 kilos in the 2020 Tokyo Olympics.

She previously won a silver medal in the 2016 Rio Olympics.

On top of the condominium unit, Diaz is also set to receive cash from the government and other tycoons.

According to the Philippine Sports Commission’s incentive system mandated by law, an Olympic gold is worth P10 million. Diaz would be the first Filipino athlete to pocket that amount from the country’s sports agency.

The pot was pushed to P33 million thanks to the commitments of business magnates Manny Pangilinan and Ramon Ang, who are giving P10 million each, and House Deputy Speaker Mikee Romero‘s P3 million. – Rappler.com

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.