Tiger Woods is an American professional golfer who has an estimated net worth of $740 million making him one of the richest sports personalities of all time.
Although his sports performance has dwindled in recent years, Tiger still holds a commanding position. He has his name well carved in the history books as one the world’s greatest golf players. Besides earnings from golf tournaments, Woods also earns top dollar from sponsorship, endorsements as well as golf course design.
Tiger Woods Net Worth: Brief History
Tiger Woods was born Eldrick Tont Woods on December 30, 1975 in Cypress, California. His love for golf started from a very tender age where he used to occasionally accompany his father to the golf course. Woods attended the prestigious Stanford University but unfortunately dropped out. He was raised in a Buddhist family and practiced the religion till late into his life. Woods once said that he did most but not all of Buddhism. The golfer currently resides in Jupiter Island in Florida.
Tiger Woods Net Worth: Professional Career And Achievements
Woods moved from amateur to pro in 1996; however, it didn’t take long for the Rookie golfer to take the golf fraternity by storm. During the 1997 PGA Masters championship, Tiger Woods produced a stunning performance by winning by 12 strokes and earning $486,000. He is the youngest to achieve this feat. In addition to changing his net worth, he also rose to the number 1 position by end of June 1997, making him the fastest to rise to top spot in the sport’s history.
This was just the beginning of his record-breaking career as he went on to win many tournaments. Tiger held the top position until September 2004 (264 weeks), and also June 2005 to 2010 October(281 weeks). This makes Woods the most consecutive #1 in the history of golf.
His winnings include 14 professional major golf championships, 79 PGA Tour events, 40 European Tour, 2 Japan Golf tour and over a dozen others.
Among his plethora of achievements include; Sports Illustrated Best Sportsman twice (the only athlete in the world to achieve this feat). On 20th August, 2007, California, Governor, Arnold Schwarzenegger inducted the golfer into the Hall of Fame.
See Also: Michael Jordan Net Worth
Tiger Woods Net Worth: Earnings And Endorsements
According to Forbes, he had made more than $61 million between 2013 and 2014. Woods’ total earnings from PGA tournaments is approximated to be around $6.2 million. As of 2015 Woods’ total career earnings including endorsements was about $1.4 billion.
Woods is known to pull large crowds and earns as much as $3 million just to appear in a tournament.
He gets endorsed by large companies that include; General Mills, Titleist, EA Sports, American Express, General Motors, Accenture, Rolex, AT&T, Nike and many others. However, Nike’s endorsement stands out as among the most lucrative. In 1996 he earned $105 million from the deal which covered a period of five years.
Woods banks $10 million for each golf course he designs.
He earned a whopping $1.6 million after suing a yacht building company for using his name to promote their yachts without seeking his consent.
How Tiger Woods spends his fortune
Tiger Woods has a reputation for being a big spender. His Mansion is among the most expensive in the entire world. In 2014, he bought a Mercedes-Benz S65 that is valued at $210,000. His other cars include super-class Porsche Carrera GT, Lexus LS 460 Sedan, Cadillac Escalade and more.
Woods owns two yachts; his Solitude yacht cost him $2 million to build while his mega yacht christened “Privacy” is valued at over $20 million.
Woods also owns a Gulfstream G550 jet aircraft which can travel 12,000 kilometers nonstop. The craft has the capacity to carry as many as 16 passengers.
Tiger Woods life has not been without controversy. His career was hugely affected during the infidelity scandal that led to his divorce from model wife Elin Nordegren in 2010. Woods struggled with his career going for the longest time in his career without a major win. However, he won the Chevron World Challenge in December 2011 and two years later he once again regained his spot as golf’s #1. In recent times, injuries have truncated his winning streak.