Tiger Woods acknowledges the patrons on the 12th hole during the third round of The Masters golf tournament.
Tiger Woods is the latest addition to the billionaire club.
Forbes reported Friday morning that the golfer’s net worth eclipsed $1 billion, making him just the third athlete to cross the ten-digit threshold. This announcement comes eight days after LeBron James joined Michael Jordan as the second billionaire athlete.
Woods is also reported to have turned down a “mind-blowingly enormous” offer -- rumored to be around $1 billion -- from LIV Golf, the Saudi-backed league that is attracting pro golfers by the herds and could prove to be a formidable challenger to the PGA Tour.
Less than 10% of Woods’ earnings come from prize money. Rather, he primarily amassed his fortune behind massive endorsement deals with companies like Nike, Rolex and Gillette.
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Woods, a winner of 15 Majors, joined the PGA Tour in 1996 at the age of 20, the same year he signed a five-year contract with Nike for $40 million. He won the Masters the following year, thus catalyzing a dominant -- and sometimes controversial -- career. Most recently, he shocked fans at the 2022 Masters Tournament when he returned to play just over a year after being involved in a serious car accident that left him with injuries so severe he considered himself “lucky to be alive.”
