Tiger Woods joins athlete billionaire membership

Golfer Tiger Woods has joined basketball superstars Michael Jordan and LeBron James in a gaggle of athletes with a internet price of $1 billion, in response to enterprise journal Forbes.

He’s one in all two lively athletes to attain billionaire standing together with four-times NBA champion and Los Angeles Lakers participant James.

Jordan, a six-times NBA champion, didn’t grow to be a billionaire till after he retired, due to a “well-timed funding in NBA’s Charlotte Hornets”, the journal mentioned on Friday.

“Twenty-seven years, 15 majors and 5 again surgical procedures after turning professional, the world’s hottest golfer is now the latest member of the three comma membership,” Forbes mentioned of Woods on Friday.

“Triumph, damage, scandal, failure and triumph once more have crammed the years since Tiger Woods first walked the fairways on the 1997 Masters. However by way of all of it, the 46-year-old Woods has maintained his supremacy as one of many top-earning athletes on this planet.”

Woods has made greater than $1.7bn in prize cash, endorsements and different revenue over the course of 27 years, in response to Forbes.

The winner of 15 main championships returned to competitors on the Masters in April, 14 months after injuring his proper leg in a automotive crash. The automotive crash in February 2021 put him in hospital for 3 weeks and confined to a hospital-type mattress at dwelling for 3 months.

Woods, 46, has achieved billionaire standing regardless of not being concerned within the Saudi-backed LIV Golf Invitational Sequence. The American star turned down a “mind-blowingly monumental” provide in excessive 9 digits for the collection opener in London, LIV Golf chief govt Greg Norman instructed the Washington Submit.

Lower than 10 per cent of Woods’ profession earnings and internet price come from golf winnings, Forbes mentioned. As an alternative, he amassed his fortunes by way of monumental endorsement offers with manufacturers similar to Nike and Rolex.

He additionally has a big actual property portfolio, together with in Florida, in response to the journal.

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Woods has greater than 10 million followers throughout Twitter, Instagram and different social media platforms. At his peak, he was essentially the most prolific athlete endorser in historical past, incomes greater than $100 million a 12 months off the course, it mentioned.

He held the primary spot in Forbes‘ highest-paid athlete listing for 10 consecutive years, ending in 2012.

“Regardless of by no means teeing the ball up up to now 12 months whereas recovering from a automotive accident, Woods collected $68m in off-course revenue, sufficient to make him the 14th highest-paid athlete on this planet,” Forbes mentioned.

Woods has used his standing and earnings to broaden his enterprise, which now features a golf design enterprise, a dwell occasions manufacturing firm and a restaurant.

“When mixed together with his actual property holding, Woods’ wealth is secured, whether or not or not he ever swings a golf membership once more,” Forbes mentioned.

Up to date: June 11, 2022, 7:28 AM

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