Tiger Woods is an American professional golfer. He is well-known for being one of the greatest golfers in this world. By the way, how much is Tiger Woods’ net worth? Let us find out that information from this page.
How much is Tiger Woods’ net worth?
Based on the research, Tiger Woods has a net worth of $800 million. Every year Tiger can earn $50-60 million. Between June 2019 and June 2020, he could earn around $63 million from his many endeavors. Since turning pro in 1996, his career earnings have been $1.5 billion. That is the same as around $1.8 billion after adjusting for inflation. We get information that Tiger Woods is the highest-earning golfer of all time and also was the highest-earning celebrity in the world for many years.
Tiger Woods has earned many accolades including 81 PGA Tour wins, 15 professional major tournaments, 41 European tour wins and five Masters wins. Tiger has been ranked #1 for more consecutive weeks than any other player. Also, he has the lowest scoring average of all time. Tiger Woods has been crowned PGA Player of the year 11 times, AP Male Athlete of the year 4 times and Sports Illustrated’s Sportsman of the year twice. He is regarded as one of the greatest golfers, and one of the most popular athletes of all time. In addition, he will be inducted into the World Golf Hall of Fame in the year of 2021.
Tiger Woods’ net worth – How it breaks down?
The first revenue of Tiger Woods comes from winning tournaments and endorsing products. Since he turned pro in 1996, he has earned $118 million on the golf course, including $2.07 million that he won at the 2019 Masters. It means that amounts to 7.6 percent of his total career earnings to date. As with similarly athletes like Lebron James and Michael Jordan, the bulk of his fortune comes thanks to endorsements. Approximately 92.4 percent of his career earnings, $1.6 billion are from endorsing brands such as Golf Digest, Gatorade, American Express, Nike, Asahi, General Mills, Rolex, Gillette, Accenture, EA Sports, NetJets, Upper Deck, Tag Heuer, and Buick.
For your information, Gatorade developed a custom branded drink for Woods named “Gatorade Tiger”. The Gatorade deal was worth $100 million over five years. At one time Tiger earned $20 million per year to endorse Gillette along with super star athletes Roger Federer and Thierry Henry. Tiger commands $10 million to design golf courses all over the world, and he can earn as much as $1.5 million only to show up to a golf tournament.
How long did it take Tiger Woods to earn $100 million?
On August 29, 1996, he made his professional golf debut. Later, on April 13, 1997, he won The Masters. Once winning The Masters, he signed a 5-year $40 million deal with Nike and 5-year $20 million deal with Titleist.
On May 20, 1997, he signed a 5-year $30 million deal with American Express. It was a day after winning the Byron Nelson Classic (the first tournament he joined after becoming the youngest player ever to win The Masters). The American Express deal combined with his Titleist, Nike, and tournament winnings brought his career earnings to $100 million. In other words, after he’s turning professional, he only needs 8 months to earn $100 million. By comparison, LeBron James’ first Nike deal, that was signed in 2003, was worth $90 million over seven years.
In September 2000, Tiger Woods signed his second Nike endorsement deal. That deal was worth $100 million, over 5 years. So, it should be $20 million per year. In other words, between 1997 and 2005, he earned $140 million from Nike alone. Tiger likely earned a touch over $200 million from all deals during that seven-year period.
Career of Tiger Woods
In August 1996, Tiger Woods turned pro and immediately signed advertising deals with Nike and Titleist. Two months later, he set the record for the fastest ascent to number one in the Official World Golf Rankings. After a lackluster 1998, he finished the 1999 season with eight wins, including the PGA Championship.
From 2000 to 2010, Tiger Woods was the dominant force in golf. From August 1999 to September 2004 and from June 2005 to October 2010, he was the top-ranked golfer in the world. During this time, Tiger won 13 of golf’s major championships.
In November 2011, Tiger Woods fell to number 58 in the world rankings. Later, between March 2013 and May 2014, he was the number one ranking. But, injuries made him to lead 4 back surgeries between 2014 and 2017. Tiger Woods competed in only one tournament between August 2015 and January 2018, and also he dropped off the list of the world’s top 1,000 golfers.
On his return to regular competition, he made steady progress to the top of the game, winning his first tournament in 5 years at the Tour Championship in September 2018 and his first major in 11 years at the 2019 Masters.
Tiger Woods has held some golf records. He has won the Byron Nelson Award for the lowest adjusted scoring average a record 8 times. Need to know that, he has the record of leading the money list in 10 different seasons. Tiger has won 15 professional major golf championships and also 82 PGA Tour events. Aside from that, he is the youngest player to achieve the career Grand Slam, and also the second golfer to have achieved a career Grand Slam three times.
He has won 18 World Golf Championships. Also, he was part of the American winning team for the 1999 Ryder Cup. In May 2019, he was awarded Presidential Medal of Freedom.
Real Estate and other Assets of Tiger Woods
Tiger Woods has a $25 million yacht that he called “Privacy”. Sometimes, he sleeps on the yacht during tournaments which are near water.
Tiger has a $54 million Gulfstream G550 private jet. The only time he has flown commercially in the last 15 years was in January 2017 once he was traveling from Los Angeles to Dubai.
Also, Tiger Woods has a 12-acre ocean-front property in Jupiter, Florida which is worth at least $55 million
Tiger Woods launched a course design business, in the wake of the 2009 financial crisis and his career slowdown. He has designed courses around the world with a lot of work.