Tiger Woods Net Worth
It is no secret to many that Tiger Woods is known as the greatest golfer of all time. Comeback after comeback Tiger lives up to it every time, Woods is a natural-born champion.
In addition to his sporting successes, Tiger’s financial successes are also not wrong. Although he was fond of gambling and was said to have bet a quarter of a million dollars on each hand on one of his Las Vegas rounds, he managed to preserve his fortune despite his penchant for gambling and did not squander it quite as some unwise athletes do. Some athletes admit that they are also fond of non GamStop casinos and can’t get rid of gambling even though they already have a lot of money! On the other hand, many other athletes have a great investment mindset and use their hard-earned money to make additional fortunes.
In this article, we are therefore going to talk about the wealth that Tiger Woods would possess.
Prize Money
The young Tiger’s career got off to a good start and his first win came shortly after Woods switched from amateur to professional golf. Woods made his debut at the age of 20 in 1996 and by the end of 1997, “the GOAT” already had 3 PGA victories to his name. Tiger’s last victory was a legendary one, the Masters’ victory in 2019.
Between 1996 and 2019, Tiger managed to win a total of 82 times on the PGA tour, an overwhelming number. In these approximately 23 years, the total prize money Tiger collected was about 120.8 million dollars. That is certainly not bad!
Tiger Woods has earned +- €110 million ($120.8 million) in prize money.
Whether Tiger was on the golf course for the money is questionable, because the man is a phenomenon and a natural-born winner. It’s not for nothing that Tiger came back time and again when things went wrong in his life. At these times, Tiger had already accumulated enough money.
The former Tiger Woods caddy recently admitted in a podcast that Tiger never looked at what he had won after another tournament, according to Steve Williams.
“One of the things I liked most about Tiger – and I appreciate Tiger a lot – is that once a tournament has been played, people gather in the tent where the scores are handed in and signed. There is always a list of the prize money that golfers can win. Tiger never looked at that, Tiger played to win trophies and set records, not for the money.”
Sponsorship
In addition to the money that Tiger has collected, a large amount of income comes from the sponsorship contracts that Mr Woods signed during his career. As you may know, Tiger has been sponsored by Nike for pretty much his entire life.
The sponsors with which Tiger has managed to raise his wealth include Nike, Gatorade, American Express, Asahi, General Mills, Golfs Digest, Rolex, Gillette, Accenture and Tag Heuer.
Sponsorship has contributed greatly to the Tiger’s wealth. In total, Tiger managed to earn 1.6 billion dollars from sponsorship. Yes, you read that right; 1.6 billion.
A deal with Gatorade alone brought Tiger Woods about $100 million, almost as much money as Tiger has got from all the golf tournaments in total. Gatorade developed a drink called ”Gatorade Tiger”.
Advertising work for Gillette earned Mr Woods $20 million, along with athletes Roger Federer and Thierry Henry. And no, we are not talking about the total amount, but about the amount that Gillette added to Tiger’s assets each year!
An interesting fact is that Mr Eldrick (Tiger) Woods, as his official name is, charges about 1.5 million dollars for an invitation to visit a golf course!
Entrepreneurship
Even after golfing, Tiger wants to win. Woods shows this, among other things, through his company TGR, in which he helps others and builds companies according to his unique vision. Whether it’s designing golf courses or restaurants, nothing is too crazy for Tiger.
The following companies fall under the TGR concept:
TGR Foundation
TGR Foundation is a charity that aims to improve the health and education of all children in the USA.
TGR Design
Tiger Woods also designs golf courses! His first own golf course was opened (Payne’s Valley). If you want to have a golf course designed by Tiger, it also costs several million dollars!
It is still unclear exactly how much Tiger will earn with these companies. However, it seems that these companies were started as philanthropy.
Conclusion
Tiger Woods has made ample money during his golf career. However, not all that money has remained in his bank account. For example, Mr. Woods has had some problems in his life, such as gambling, that cost him money.
If we add up the sponsorship income and the golf prize money Woods has earned, his net worth would be $1.72 billion. However, apparently, Mr. Woods spends a lot as his estimated net worth now amounts to about 730 million euros only (800 million dollars).
All in all, the rest of his fortune can cover his luxurious lifestyle. Even with a bank interest, that should be fine for Mr. Woods, aka (the greatest of all) Goats.
