James Reid says Issa Pressman helped him get through losing P150M
MANILA, Philippines — James Reid revealed that he lost P150 million during one of the darkest periods of his career, crediting girlfriend Issa Pressman for helping him recognize what was happening and supporting him through the ordeal.
Speaking on Gary Valenciano's podcast "Unshaken," the actor-singer said the amount represented almost everything he had earned over the past decade.
"That was like the last 10 years of work that I've done, probably more. It was almost all of what I've saved," James said.
James said the financial loss stemmed from problems involving a former business partner at Careless Music, whom he considered both a colleague and a close friend.
Because of their relationship, James admitted he initially failed to see the warning signs.
"It was Issa that woke me up to all of it," he said. "She's the one that really had to shake me and be like, 'Hey, you really need to wake up. This is, I think, really what's going on.'"
The difficult period also coincided with the controversial Wavy Baby Music Festival in Mandaue, Cebu, in 2023. Produced by Careless Music, the event drew criticism over delays and logistical issues.
"It was a nightmare... just problem after problem after problem, and police showing up because it was just not planned properly," James recalled, adding that the project was handled by his former business partner.
Despite the setbacks, James said he found comfort in his growing relationship with Issa.
"As horrific as everything that was going on right then, there was also something even more beautiful happening at the same time," he said.
James eventually ended both his business and personal relationship with his former partner.
Looking back, he said the experience changed his outlook on life and strengthened his relationship with Issa.
"That love became my compass," he said. "I believe that God sent specifically the brightest light in my darkest moments." — Video from Unshaken with Gary V YouTube channel
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