For decades, Tiger Woods has had golf fans on the edge of their seats, both on and off the course.
And now finally, Woods’ net worth is estimated to be at least $1 billion, according to Forbes. He has won more money than any other professional golfer in history, with $121 million in prize money, and he topped Forbes’ highest-paid athletes’ list for ten years in a row until 2012. Woods also achieved the financial milestone without accepting a lucrative deal to compete in the Saudi-backed LIV Golf Tour, which would have paid him in the “mid-nine figures,” according to reports.
Joining the athlete billionaires club with Michael Jordan and LeBron James
This comes only days after Greg Norman revealed that Woods turned down a “high nine figures” offer to play in the Saudi Arabian-funded LIV Golf league in order to stay on the PGA Tour. For the time being, the tour has barred current and former LIV Golf circuit players from competing in PGA-sponsored events.
Breakdown of net worth
According to Celebrity Net Worth, Tiger’s endorsements accounted for 92.4 percent of his total revenues throughout his career. $1.6 billion is a huge sum.
Tiger Woods made his first $100 million in just eight months after turning pro. He signed a $40 million deal with Nike and a $20 million deal with Titleist for over 5 years after winning The Masters in 1997.
Soon later, he secured another five-year $30 million deal with American Express. That means Tiger earned his first $100 million just 264 days after turning professional. Tiger got a new Nike deal worth $100 million over five years in 2000.
Golf accounted for about 7.6% of his total earnings during his career. Tiger Woods has amassed a net worth of $118 million as a result of his participation in the PGA Tour and other tournaments such as the Masters. Tiger also made his first $100 million in less than eight months after turning pro.
Despite a sequence of incidents in 2009, including a Thanksgiving automobile accident, which caused many sponsors, including Buick, to abandon him, Woods’ net worth has continued to rise. Woods has made $68 million in off-course income in the last 12 months, according to Forbes, despite recovering from another vehicle accident.
Despite the fact that he has only participated in The Masters and the PGA Championship in recent months and did not compete in any tournaments during the calendar year 2021, that sum alone would place him as the world’s 14th highest-paid athlete.
A look back at Achievements:
His achievements are incredible in his professional career, only second to Jack Nicklaus’ 18 major titles.
It’s simple to see why he’s so valuable when you look at his professional win records! 11 PGA Player of the Year awards, 15 Major triumphs (tied for second all-time), 82 PGA Tour victories, 41 European Tour victories, and 5 Masters victories. He held the record for the longest period of time on the top spot at 683 weeks! The golfer in second place was only 331 weeks old! Isn’t this record insane?
Bigger than most.
A look inside Tiger Woods' Hall of Fame display: https://t.co/XEmnXHG7mL pic.twitter.com/BoWYvEBB1p
— Golf Central (@GolfCentral) March 9, 2022
Business ventures and Brand Collaborations:
The majority of his wealth comes from multimillion-dollar endorsement deals with more than a dozen companies, including Gatorade, Monster Energy, TaylorMade, Rolex, and Nike, with whom he joined in 1996 and remains his most ardent supporter.
Woods has utilized his celebrity status and wealth to launch a golf design company (TGR Design), a live events production company (TGR Live), and a restaurant (The Woods). Woods has invested in Full Swing, a golf technology training tool; Heard, a hospitality software firm; and PopStroke, a luxury mini-golf experience with four sites in Florida and plans to launch a half-dozen more throughout the country in 2022, all through TGR Ventures. Woods is also a partner in a SPAC announced in January, and he is an investor in NEXUS Luxury Collection, a series of clubs and resorts, alongside British billionaire Joe Lewis’ Tavistock Group, golfing adversary Ernie Els, and Justin Timberlake.
Joe Favorito, a veteran sports business consultant, and Columbia speaker says. “As an athlete with a diverse background who was affable, he came at the right time in the right sport.”
“Brands love knowing they’re getting someone who is loved by both conventional and casual fans”.
Early life
On December 30th, 1975 in Cypress, California, Earl and Tida Woods had a son called Eldrick Tont Woods. Later introduced as Tiger Woods to the world. Eldrick was reportedly given the nickname “Tiger” in honor of his father’s friend. Vuong Dang Phong, also known as Tiger, was a Colonel.
Tiger Woods was introduced to golf by his father, an amateur and keen golfer when he was just two years old. When Woods was 11 years old, his father, Earl, said that his son had beaten him in practically every game since then. Woods won his first major national junior tournament at the age of 13 in the 1989 Big I. He went on to become the youngest U.S. Junior Amateur champion at the age of 15, practically securing his destiny as a prodigy (which he would in fact later on become).
Midlife crisis and The bounce back…
It all started with a report in November 2009 that Woods was in his car when it drove out of his Florida driveway, smashed into a fire hydrant, and slammed into a tree belonging to a neighbor. The public soon learned that he had been cheating on his wife and was a serial philanderer in the days and weeks that followed. The self-assured champion who appeared to have it all was actually a severely flawed individual.
He took a vacation from golf and entered rehab for what was largely assumed to be sex addiction treatment. He apologized for his “irresponsible and selfish behavior” in a 14-minute televised apology in February 2010. Tiger and Elin subsequently separated, and the golfer went on to romance US skier Lindsey Vonn before settling down with Erica Herman, the general manager of his Jupiter, Florida restaurant.
After undergoing his fifth back procedure in January, Woods stated earlier this week that he planned to compete in this year’s Masters. On Sunday, Woods told CBS Television, “I’m feeling OK – I’m a little stiff.” “I have another MRI scheduled, so we’ll see if I can resume additional activities then.”
It’s unclear whether the man who has overcome numerous obstacles in the past will be able to overcome the challenges he faces following this current vehicle accident.
