Tiger Woods becomes third athlete to join the billionaire club

Golf winnings account for less than 10% of the total income.

According to Forbes, Tiger Woods currently has reached a net worth of at least $1 billion. He is the only sportsman to accomplish this feat, alongside LeBron James and Michael Jordan.

During his illustrious career, the 46-year-old has amassed nearly $1.7 billion in salaries, endorsements, and other sources of revenue. Golf winnings account for less than 10% of the total income; the remaining originates from sponsorships such as Nike, Gatorade, Rolex, and many others.

Since 2001, Woods has topped Forbes’ list of the highest-paid athletes for a decade in a succession. He made $68 million off the course last year while dealing with injuries suffered in a single-car crash incident in February, giving him Forbes’ 14th-highest-paid athlete in the world. In April, he returned to golf at The Masters.

LIV Golf CEO Greg Norman says Woods was given “a mind-blowingly big money” in the high nine figures to enter the rebel golf series, but he declined.

Aside from the major companies that have backed Woods, the golfer has a golf design firm (TGR Design), an event organization (TGR Live), TGR Ventures, and a hotel in his portfolio (The Woods). Nexus Luxury Collection, a multinational hospitality property development and investment management company, is one of his investments. He has also invested in a luxury mini-golf course with various locations in Florida, as well as a hospital software firm.

Veteran sports business consultant, Joe Favorito, said, “He hit the right time in the right sport, being an athlete with a diverse background who was approachable.

“Brands love knowing they’re getting someone who is embraced not just by the traditional but also by the casual fans.”

In his professional field, Woods has won 15 major tournaments, trailing only Jack Nicklaus (18). Woods boasts 81 PGA Tour triumphs in his career, which is the second-most in the game’s history.

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