Here’s How Tiger Woods Became A Billionaire
A report published Sunday detailed how pro golfer Tiger Woods became a billionaire.
While he doesn’t even rank in the top ten highest paid athletes, according to Forbes, the professional golfer has made more than $1.4 billion since going pro in 1996, Insider noted. More than $122 million of his wealth came from what Woods won on the course, the outlet reported
His biggest course pay days include $4.6 million at the Tour Championship, Insider noted. However, he made a majority of his money off the course, according to the report. In 2020, he brought in $60 million in endorsements, and at his peak made $100 million annually for activities off the course, Insider reported.
He almost lost everything in 2009 after his endorsement sponsors dropped him amid news that Woods had cheated on his now ex-wife, Elin Nordegren, according to Insider. Thankfully for him, Nike stuck out the scandal and signed a $200 million deal with him in 2013, the outlet reported.
When compared to other athletes, Woods is only one of two athlete billionaires to achieve the financial status while still active in his sport, Insider reported. The other is LeBron James. (RELATED: ‘Disappointed’ And ‘Frustrated’: Female Swimmer Says Trans Athlete Lia Thomas Takes Away Opportunities For Women)
Maybe that’s why he rejected a reported nine-figure offer from the LIV Golf Tournament. Woods said that he’s played with the PGA Tour for decades, and feels it offers more in terms of opportunity and legacy.
