According to Forbes, Tiger Woods has reached yet another incredible milestone: $1 billion in net wealth.
With the arrival of LIV Golf on the professional competition circuit, there has never been more debate about cold, hard cash in the sport. Signed contract numbers that were previously solely linked with the NFL, NBA, and Major League Baseball are now available. Before they had teed up their first shot, Phil Mickleson, Dustin Johnson, and Bryson DeChambeu are allegedly collecting more than $100 million from the new Saudi-backed golf venture.
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According to Forbes, Tiger Woods has a net worth of at least $1 billion based on his career earnings, putting him in the company of LeBron James and Michael Jordan as the only three sportsmen to hit the 10-figure milestone. Woods’ salary, sponsorships, and other revenue totaled more over $1.7 billion throughout his 27-year career, according to Forbes, but his net worth is on another level.
Here are a few mind-blowing bullet points from Forbes’ evaluation of Woods’ influence and value:
- • Golf accounts for less than 10% of Woods’ career earnings and net wealth. (His total PGA Tour earnings are $120,895,206.) The majority of his money is derived from massive endorsement agreements with over a dozen businesses.
- • During his peak marketability (between 2003 and 2012), Woods earned more than $100 million per year off the course, and he was Forbes’ No. 1 sports earner for ten years in a row.
- • In the past year, while Woods has only officially participated twice while recuperating from his automobile accident in February 2021, he has earned $68 million. According to Forbes, Woods is an astute businessman who has invested in a golf design company, a live events production company, restaurants and resorts, a golf technology training tool, a hospitality software startup, and a luxury mini-golf experience with four locations in Florida and more on the way.
Related : Tiger Woods House and backyard practise area
All of this, and according to LIV leader Greg Norman in an interview with the Washington Post, Woods rejected down a “high nine figure” deal to join the fledgling tour.
Woods has not responded to Norman’s claim, but he stated his position on the PGA Tour vs. LIV before competing in the PGA Championship at Southern Hills in May.
“I’ve been playing out here for a few of years over decades, and I believe [the PGA Tour] has a heritage,” Woods remarked. “I continue to believe that the tour has so much to offer, so many opportunities.” I appreciate differing points of view, but I believe in legacies, great titles, significant events, and similarities to historical personalities. There’s a lot of money here. The tour is expanding. But it’s the same as any other sport. It’s similar to tennis. You must go out there and work for it. You have to go out there and compete for it. We have the option to go ahead and execute it. It’s simply not assured right away.”
Not for many people. According to Forbes, Woods was never going to have to worry about his next salary.
But there is one player in the game who is the GOAT on the course and at the bank, and as Forbes pointed out in a Friday headline, he didn’t need Saudi money to get there.
Overview of earnings:
-Forbes May 2021: $60M ($200,000 on the field, $60,000,000 off the field)
– ESPN for January 2021: $2,083,038.00 (PGA Tour Money Leaders – 2020)
– Forbes May 2020: $62.3 million (salary/wins: $2.3 million; endorsements: $60 million)
-Forbes 2019: $63.9 million – Forbes 2018: $43.3 million – Forbes June 2017: $37.1 million – Forbes July 2016: $45.5 million – Forbes June 2016: $45.3 million – Forbes June 2015: $50.6 million – Forbes June 2014: $61.2 million
– Forbes September 2012: $58 million – Forbes June 2012: $59.4 million – Forbes May 2011: $75 million – GolfDigest, December 30, 2010: Woods made $121.9 million in 2009 through sponsorships, appearance fees, and on-course earnings.
Woods’ income dropped to $74.2 million in 2010 after a turbulent and scandal-plagued year.
The VipCheck is calculated using a 5-day workweek and two weeks of vacation each year.
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