- Tiger Woods is officially a billionaire according to Forbes.
- He joins just two other known athlete billionaires.
- Be sure to check out more sports stories at BroBible here.
Tiger Woods officially has a net worth of at least $1 billion, according to Forbes.
The news of Woods earning the billionaire tag comes just a week after LeBron James became the first active NBA player to join the billionaire club.
Woods and James join only Michael Jordan as the three known athlete billionaires, as recognized by Forbes.
The 15-time major being recognized as a billionaire this week is especially noteworthy given the reports that he turned down a “high nine-figure” offer from the Saudis to join the LIV Golf Invitational Series.
What’s remarkable about Woods reaching the billionaire status is that less than 10% of his career earnings come from golf winnings. That’s saying a lot for someone who has 82 PGA Tour wins and another 41 on the European Tour.
Woods has made just shy of $121 million in his 370 starts on the PGA Tour, with his first professional start coming in 1996.
Where Woods has really made his fortune is off the golf course having signed massive endorsement deals with the most notable being Monster Energy, Rolex, TaylorMade, Gatorade, and Nike, who he signed with in ’96. Woods’ first deal with Nike was a reported $40 million over five years, but that number has grown exponentially over the years.
Woods has gained and lost a number of other major sponsors over the years following his divorce from Elin Nordegren in 2010 and infidelity scandal over a decade ago. Reports suggest Nordegren received at least $100 million in the divorce settlement.
Forbes reports that at his peak, Woods earned over $100 million per year off the course and was No. 1 on its highest-paid athletes list for 10 straight years.