Many people envy Tiger Woods’s wealth, but it all came due to hard work and commitment to his craft. Having started playing golf at the age of four, Woods spent countless hours honing his craft, which paid off. He’s now one of the richest golfers in the world. So, what’s Tiger Woods net worth?
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Tiger Woods Net Worth
As of 2024, Tiger Woods net worth is $1.1 billion. He’s made the majority of his wealth through golf, endorsement deals, and businesses. Throughout his career, Woods was a top earner owing to his extensive success. Let’s look into his career winnings, sponsorship and businesses.
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Career Winnings
A major part of Tiger Woods net worth came from his golfing exploits. He won 82 Professional Golf Association (PGA) titles, 15 majors, and 5 masters wins. All this contributed to his career winnings of over $120 million. That said, he also earned from playing unofficial games, which haven’t been calculated into his career earnings.
In 2023, Woods banked $12 million from the PIP (Player Impact Program), $15 million in 2022, and $8 million in 2021. His Fed-Ex earnings stand north of $20 million. This raises his earnings to $200 million.
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Endorsement Deals
At the peak of his career, Tiger Woods net worth ballooned due to his numerous sponsorships. One of his longest partnerships was with Nike. After 27 years of working together, Woods announced he was no longer affiliated with the company.
His first contract with Nike stood at $40 million for five years. Within that span, between 1996 and 2001, Woods won numerous events and Nike rewarded him greatly. They extended his contract by five years and offered $100 million. In 2006, that figure rose to $360 million. In 27 years, he earned over $500 million from his association with Nike.
Previously, the golfer worked with Gatorade, AT&T, and Accenture, who dropped him after his infidelity scandals. This reportedly cost him $20 million. Upper Deck and EA Sport stuck by him.
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Businesses
Woods’ has established businesses that keep his wealth growing. In 2006, he started TGR Designs, through which he designs golf courses. Some of the courses they’ve taken include:
- Bluejack National
- El Cardonal at Diamante
- The Oasis Short Course
- Jack’s Bay
- Payne’s Valley
- The Hay
Additionally, Woods has put his money into a golf chain, PopStroke, and Nexus Luxury Collection. Another investment he’s made includes a restaurant named The Woods Jupiter. He also runs his foundation, the TGR Foundation, which is involved in initiatives like the Tiger Woods Invitational and youth programs.
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Divorce Settlement
In the wake of his infidelity scandal, Tiger Woods was financially hit hard. Apart from losing sponsors, which reportedly cost him $20 million, he also paid his ex-wife $100 million in the settlement. It might not seem like a lot of money due to his overall net worth but his reputation and competitiveness took a big hit. He was never the same again on the tour, as he was forced to take a break to deal with his family problems.
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Tiger Woods net worth is likely to continue growing. He’s still active on tour, receives invites to tournaments, and his investments will keep him and his children financially cautioned. He made hay at the peak of his career and continues to enjoy the fruits of his labor.
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