Tiger Woods is perhaps the greatest athlete of all time and as a result has a personal net worth of $500 million and an annual salary of $85 million. The accolades he has earned are too numerous to list in their entirety but here are some highlights: 14 professional major tournaments, 71 PGA Tour events, he has been ranked #1 for more consecutive weeks than any other player, he has the lowest scoring average of all time, he has been crowned PGA Player of the year 9 times, Sports Illustrated's Sportsman of the year twice, AP Male Athlete of the year 4 times and on and on…
Not only is Tiger a champion on the golf course, he is also a champion in the wallet. In fact Tiger Woods is also on a fast track to be the first billionaire athlete ever. So how did he earn all those millions?
Tiger's first big source of revenue, not surprisingly, is from winning tournaments. Since turning pro in 1996 Tiger has earned $92.8 million from 239 career PGA starts. But as with most of the great athletes like Michael Jordan and Lebron James, the real bulk of Woods' fortune comes off the green through endorsements. In his first professional year, at the tender age of 21, Tiger signed deals with Nike and Titleist worth $40 and $20 million respectively. Woods' corporate relationships have grown at an exponential rate. He has expanded his Rolodex of sponsors to include Gatorade, American Express, Asahi, General Mills (Wheaties), Golf Digest, Rolex, Gillette, Accenture, Tag Heuer, AT&T, EA Sports, NetJets, Upper Deck, TLC Laser Eye Centers and Buick. All these deals earn Tiger well over $100 million a year aside from his tournament earnings (in 2008 he earned $128 million on endorsements alone).
Gatorade has taken their relationship one step further, developing a custom branded drink for Woods called "Gatorade Tiger". The Gatorade deal is a 5 year contract worth $100 million.
Woods earns $20 million to endorse Gillette along with fellow super star athletes Roger Federer and Thierry Henry.
Tiger commands $10 million to design golf courses all over the world. He has projects under way in North Carolina, Dubai and Mexico.
Aside from the money he earns winning a tournament, Tiger is often paid personal appearance fees of up to $1.5 million just to show up!
Tiger Woods divorce controversy and results:
With all the controversy surrounding Tiger Woods' divorce to Elin Nordegren, it has hurt his game and his relationships with sponsors, costing him millions in potential earnings.
Related Post: How much has Tiger Woods lost in endorsements?