Going for the green! Tiger Woods ‘is now a BILLIONAIRE’
The list of active billionaire athletes has now doubled with the highly anticipated addition of golf legend Tiger Woods.
Just days after Forbes estimated LeBron James’ net worth at more than $1 billion, the financial news outlet now estimates Woods’ fortune at more than $1.7 billion, including profits, endorsements, and other investments.
Remarkably, Woods reached the multi-billion dollar plateau without taking money from the Saudi-backed LIV Golf Invitational Series, which took rival Phil Mickelson away from the PGA Tour with a reported $200 million contract. That tour was primed to give Woods a ‘stunningly huge’ [deal]LIV Golf CEO Greg Normal told the Washington Post, “We’re talking high nine numbers.”
Woods and James joined another Nike-approved athlete, Michael Jordan, as the only athletes — active or retired — with billions of dollars of fortune.
The list of active billionaire athletes has now doubled with the addition of Tiger Woods
Woods (right) joins Nike spokesman Michael Jordan (left) at billionaire athletic club
Much of Woods’ wealth comes from brands he endorses, such as Buick. However, the automaker cut ties with Woods after his extramarital affairs came to light in 2009
As is the case with Jordan and James, Woods’ wealth is largely the result of endorsement deals and other entrepreneurial efforts, rather than income directly tied to sports.
Forbes estimates that 10 percent of Woods’ net worth comes from his golf winnings, while his deals with Nike, TaylorMade, Gatorade and Monster Energy make up the bulk of his fortune.
Woods has struggled with leg problems since he nearly died in a single-car accident in Southern California last year, but that hasn’t stopped his flow of money.
The 15-time major winner, who recently withdrew from next week’s US Open to further rehabilitate his 46-year-old body, has made $121.1 million in the past 12 months, including $68 million in off-course revenue, according to the report. Forbes. In fact, Woods has only made $200,000 on the track in the past year.
Tiger Woods has his own yacht, which reportedly cost the PGA legend $20 million
Golf superstar Tiger Woods, left, pilots a boat from his yacht ‘Privacy’, anchored off the luxury resort of Sandy Lane in Barbados in 2004
Woods reportedly spent $54 million on his luxury mansion on Florida’s Jupiter Island
Likewise, Woods continued to earn millions after his arrest for drink-driving in Florida in 2017 and his public divorce from his wife Elin Nordegren, who, along with the rest of the country, learned about her husband’s laundry list of extramarital affairs in 2009.
Woods reportedly paid $110 million in his 2010 divorce settlement with Nordegren, which appears to have slowed his ascension into the billionaire ranks.
Gold Digest had estimated Woods made about $770 million from 1996, when he turned pro, to 2007, and predicted he would break the $1 billion mark soon after.
Like James, Woods also runs his own businesses, such as course design firm TGR Design and an event company, TGR Live.
And he’s not too rich for miniature golf, as he recently invested in a luxury brand called PopStroke that is located in several Florida locations.
Doctors said Woods was lucky enough to survive his 2021 one-sided crash in Southern California
Woods has also enjoyed other sources of income, including the PGA Tour’s Player Impact program, which earned him $8 million last year based purely on his online popularity.
Most famously, Woods was paid handsomely by Nike, first signing a $40 million deal when he turned pro in 1996, and adding a $100 million deal with the clothing brand five years later.
Woods, who previously was Forbes’ highest-paid athlete for a decade, is also well positioned for retirement, thanks to his reported $20 million PGA Tour retirement.
His wealth can hardly be described as unremarkable.
Woods bought a yacht for reportedly $20 million in 2004 and has a $54.5 million mansion on a 12-acre property on Jupiter Island, Florida, not to mention a private jet and fleet of luxury cars.