Mark Andrew Yulo, Carlos Yulo’s Father, Rides a Bicycle to Work
MARK ANDREW YULO – The father of Olympic gymnast Carlos Yulo caught the attention of social media users after sharing a video of himself riding a bicycle to work.
Despite his children’s significant earnings from gymnastics, Mr. Yulo remains dedicated to supporting his family and continues to work as a travel agent liaison. In the video, he shared his positive outlook with the message, “Bike to work, love and peace.”
Previously, Mark Andrew Yulo explained that if he had taken any of Carlos’ money, the family would not be relying on public transportation or bicycles to get around. He mentioned that Carlos’ earnings had grown from PHP 6 million to PHP 11 million and stressed that none of the money had been mishandled.
“PHP6 million pa lang yung pera niya, then naging PHP11 million. Hindi naubos yun. Bakit namin nanakawin yan?” Mr. Yulo said. “Kung nasa amin yung pera, sana umalis na kami sa looban. Sana may mga account na kami, may kotse na kami. Wala nga kami, nagko-commute lang kami,” he added.
Meanwhile, Carlos Yulo received significant rewards and gifts after winning two gold medals in the Olympics. He was awarded PHP 20 million from the Office of President Bongbong Marcos, PHP 20 million from the Philippine Amusement and Gaming Corporation (PAGCOR), PHP 14 million from the House of Representatives, and PHP 3 million from Megaworld.
In addition to the cash rewards, Megaworld also gifted him a three-bedroom condo unit in McKinley Hills, Taguig. Yulo received a Tiggo 7 Pro SUV from Chery Auto, which came with insurance coverage and a lifetime of free oil change services, as well as a Land Cruiser Prado from Toyota. The Bureau of Internal Revenue (BIR) confirmed that all the rewards, donations, and gifts Yulo received are exempt from tax deductions, as stated in the National Internal Revenue Code.