December 23, 2016

Tiger Woods’ 2016 Net Worth: $740 Million

By ()
Tiger Woods' 2016 net worth reached a staggering $740 million, this despite not playing in than a year because of multiple back surgeries.

Golfer Tiger Woods chimed in at No. 7 on the inaugural Forbes list of America’s Wealthiest Celebrities, with a reported net worth of $740 million in 2016. The 14-time PGA Majors champion ranked between Diddy ($750 million) and Dr. Dre ($710 million).

The only other athletes to crack the top-20 of the list were Michael Jordan, with a reported net worth of $1.2 billion, and Woods’ longtime rival, Phil Mickelson, who is worth a reported $375 million. Star Wars creator George Lucas topped the charts of the list with a amassed fortune of $4.6 billion.

Over the course of his career, Woods has collected $1.4 billion in prize money, endorsements, appearance fees and golf course designs — according to the report, less than 10 percent of Woods’ income over the course of his career has derived from his PGA prize winnings.

He turned pro in 1996, and began banking $100 million annually off the course during his peak in the late 2000s, the same time he was the most sought after endorser in the sports world. Woods stood atop as the world’s highest-paid athlete for 11 straight years, until the now-infamous Thanksgiving incident that occurred in 2009.

The scandal resulted in Woods losing several of his sponsorship and endorsement deals, and to put things in comparison, in 12 months ending June 2016, he banked just $45 million from endorsements and course design fees.

Despite being sidelined for more than a year after two separate back surgeries, Woods still remained ranked as the world’s 12th highest-paid athlete. Having not appeared in a tournament since August 2015, he made his much anticipated return at last month’s Hero World Challenge.

Woods opened his first U.S.-based course in 2015 outside of Houston. He has several other course projects in the works, including the Trump International Golf Club in Dubai set to open in 2017. The development, which features villas costing up to $9.5 million, is a partnership between Donald Trump and Dubai property developer Hussain Sajwani with Woods lending his design efforts to the golf course.

In terms of assets, Tiger has that ground covered, the largest being his $60 million, 10-acre estate in Jupiter Island, Fla. He also has a lucrative PGA pension believed to be worth an estimated $20 million, the best of its kind in all of sports. According to PGA insider Ron Sirak, the pension is based on deferred FedEx Cup bonus money and a cuts-made bonus system.

Use your ← → (arrow) keys to browse

Leave a Comment