What is Tiger Woods truly worth?
Well, $973 million apparently. Forbes recently compiled an inaugural list of top 40 richest entrepreneurs under the age of 40 and Woods was the only athlete to feature.
Forbes estimated Woods’ net worth to be $US 700 million ($AU 972,816,803):
“Woods has earned $US1.35 billion since turning pro in 1996 with barely 10 per cent of the total derived from prize money on the golf course. The bulk of Woods’ fortune was generated from endorsements with the likes of Accenture, AT&T, Buick, Gatorade and Nike. All of those blue-chip brands have left Woods, but Nike who has stuck by the 14-time Majors winner and pays him more than $US 20 million a year. Nike built a $US 711 million-in-sales golf division on the back of Woods. Woods other current partners include Hero MotoCorp, Kowa, MusclePharm, Rolex and Upper Deck,” Forbes reported.
Although Woods’ divorce settlement with Elin Nordegren cost him $139 million, Forbes claims his fortune is set to be bolstered by “a wildly lucrative pension thanks to the US PGA Tour’s generous retirement plan.”
