Tiger Woods reportedly turned down a “high nine digits” deal to play on the new Saudi-backed golf tour, but thanks to endorsements and real estate, he is a billionaire anyway.
Tiger Woods has joined Michael Jordan and LeBron James in a select group of athletes with a net worth of at least $1 billion, Forbes business magazine reported.
The 15-times major winner, who returned to competition at the Masters in April 14 months after nearly losing his right leg in a car crash, has made over $1.7 billion in prize money, endorsements and other ventures, according to Forbes.
Through triumph, injury, scandal and failure, the 46-year-old Woods has maintained his supremacy as one of the top-earning athletes in the world, raking in over $1.7 billion in salary, endorsements and other income over the course of his 27-year career—more than anyone else Forbes reported.
Woods is tied with Sam Snead for the most wins on the PGA Tour with 82, but Forbes said his winnings from golf account for less than 10% of his career earnings, with the bulk of his net worth attributed to endorsements with brands like Nike and Rolex.
Woods reportedly turned down a “high nine digits” deal to play on the new Saudi-backed golf tour, but thanks to endorsements and real estate, he is a billionaire anyway.
Earlier this month, LIV Golf CEO Greg Norman told the Washington Post that Woods had turned down an offer that was “mind-blowingly enormous” in the high nine figures.
Six-times NBA champion Jordan was the first athlete to reach the milestone, and was joined by four-times NBA champion LeBron James just last week, after the magazine estimated the Los Angeles Lakers player’s worth at $1 billion.