Tiger Wood's Net Worth is a Hole in One
Tiger Woods was everyone’s darling success story until he was not, yet now he is once again.
Tiger started playing professional golf in 1996 when he was just 20 years old. He won the Masters tournament the next year when he was 21. This made him the youngest player ever to win the Masters. After that, he got $60 million in endorsement contracts from Titleist and Nike. Tiger Woods’ amazing success happened when he was very young, his popularity went way up, and everyone cheered.
Tiger Woods’ net worth used to be on par with the highest net worth athlete like Michael Jordan. Michael Jordan has around $1.9 billion. The highest net worth of an American athlete in the group of the richest athletes net worth category is Michael Jordan. Jordan is one of the richest athletes of all time. Tiger won 81 PGA championships and amassed $1.4 billion in earnings over his career. He was on the way up when he had a setback due to his personal problems and physical injuries that kept him from playing golf.
Tiger Woods’ net worth is now less than Jordan’s but double Shaquille O’Neal’s net worth. Shaq’s has about $400 million. Tiger Woods’ net worth is around $800 million.
There was a time when Tiger Woods’ net worth would have given Michael Jordan’s a run for his money, especially if you factor in the long-term value of lifelong endorsement contracts with companies like Nike. However, as Tiger found out, there are things in those contracts that can cause them to be canceled.
Endorsement contracts may be canceled for “moral turpitude,” which is a fancy legal phrase for things like adultery or having alcohol/drug problems. Tiger lost endorsement contracts from Gatorade, AT&T, Gillette, and others over Woods’ 2009 sex scandal.
To their credit, Nike was smart enough to stay with Tiger and continues to this day to pay him $20 million a year for a lifelong endorsement contract. The Nike money continues to be a big part of Tiger Woods’ net worth.
Tiger is not the first or the last athlete to have problems. Thankfully, we all love to give someone a second chance. With Tiger’s comeback, he is getting an amazing second chance, and he deserves it.
Over the years, since Tiger began playing golf professionally in 1996, Business Insider reports that he accumulated a career total earnings from playing of $122.5 million.
Tiger Woods’ Endorsements
When Tiger was on the top of his game in the 2000s, he was taking in about $100 million a year in endorsement monies. In 2016, he started his golf course design company, and he earned $45 million more as fees for allowing his name to be used and his golf course designs.
Tiger Woods’ net worth continues to improve with new endorsements. He gets fees for endorsements from Bridgestone for its golf balls and TaylorMade for golf clubs.
After his win at the Masters, Woods’ agent was swamped with new offers for endorsements and made a deal for Tiger to be on the Discovery Channel’s new streaming service called GolfTV.
Tiger Woods’ Investments
Part of Tiger Woods’ net worth includes a restaurant and sports bar that he opened in Jupiter Florida. It is called The Woods Jupiter. He also owns a golf-course design company, called TGR Design, which built a golf course in Houston during 2015 and another one in Dubai in 2017.
Tiger Woods’ Real Estate
Tiger Woods’ net worth includes some prime real estate. He built a large custom luxury home on a 10-acre estate in Jupiter Island, Florida for $55 million. It is now worth much more. The property has a practice pitch-and-putt golf course and a private dock for his yacht.
Tiger Woods’ Yacht
Tiger owns a 155-foot luxury yacht that he keeps docked at a marina in North Palm Beach, Florida. It adds about $25 million to Tiger Woods’ net worth. He likes to take it up to the Hamptons for vacations. Sometimes he stays in it when he is on tour at courses located on the East Coast.
Tiger Woods’ Jet
When he flies, Tiger travels in style on his Gulfstream G550 private jet that adds $54 million to his net worth.
Tiger Woods ’ Charity Work
Tiger started the Tiger Woods Foundation (now called the TGR Foundation) and donated $12 million to it in 2012. It helps at-risk youth. Through the TGR Learning Lab programs, young students are encouraged to learn more about science.
Early Successes Of Tiger Woods
Here are some of Tiger Woods’ major successes:
1997 — The youngest player ever to win the Masters Tournament.
2000 — Wins his first U.S. Open. Tiger beat the second-place player by 15 strokes and won $800,000.
2001 — Tiger won four major PGA tournaments in a row.
Woods had nothing but success when he was under 30. However, everything changed as he got a bit older. His father died. Tiger’s father was a major support in Tiger’s life. Tiger went into a slump and almost lost it all over the following decade. Tiger Woods’ net worth and more would be challenged by what happened next.
Trouble Comes To Tiger’s Perfect Life
One day in 2009, he was caught cheating on his marriage vows by his beautiful model wife, Elin Nordegren. Then, the world suddenly turned against him. Public sentiment is very fickle. It also did not help that Tiger crashed his Cadillac Escalade in front of his house by running into a fire hydrant in a fit of rage.
Something was wrong and Tiger’s luck ran out. Over the next months, many women came forward claiming to have affairs with Woods. This was before the MeToo movement was strong. Nevertheless, there was a particular disgust with Tiger’s behavior. Most people thought he was not that kind of guy. It seemed that Tiger could not keep it in his pants. His 2010 divorce from his wife cost him $100 million.
Back Problems
While playing the 2014 Honda Classic Tournament, Tiger experienced severe back pain. His back injuries eventually got so severe that they required many corrective surgeries. At first, Tiger was not even sure he would ever be able to play golf at a professional level ever again.
Arrested for Drunk Sleeping in His Car
His marital troubles, philandering, and injuries that required multiple back surgeries all combined to take him down. He hit rock bottom in the court of public opinion, promoted by the tabloids, when, during 2017, he was arrested for falling asleep in his car. The police officer who arrested him thought he was drunk and charged him with a DUI offense.
What happened was he was having a bad reaction to prescribed medication that the doctor gave him for his back surgery. He pulled over because he suddenly became too drowsy to drive. He was completely exonerated but many were not surprised that he was arrested. The jaded members of the public expected him to be addicted to drugs and alcohol by that point, like the story of so many celebrities that fall from grace.
Tiger Woods’ Recovery and Comeback
Thankfully, Tiger was able to fix his mistakes, heal emotionally, recover physically, and get back in the game. Tiger could not play at the Masters in 2016 or 2017. This was getting depressing. He started to play again in 2018, and he got back the confidence of a world-class golfer.
Tiger Woods Could Not Play Golf
Tiger did not win a major golf tournament from 2008 on and did not win any rounds while on the PGA tour up to 2013. He could not even play at all in some years and not seriously again for about five years. When he started playing professionally again in 2018, he was a decent golfer but nothing at all like the Tiger Woods we knew from the decade before. Still, he had plenty of money remaining. Tiger Woods’ net worth hovered around $600 million or so.
In case there was any doubt, Tiger Woods made a huge comeback success by winning the 2019 Masters. Watch him sink the putt for the win at the 2019 Masters. He got just over $2 million for winning the tournament. He narrowly beat four other players by one stroke. Now, Tiger Woods’ net worth is going up again and the cheers from the crowd returned as well.
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Conclusion
When a young man has enormous success early in a sports career, it can be very difficult to sustain it. Tiger Woods’ early success was almost too much to believe. His major challenges were to come later. Losing his father was very hard on him and almost jinxed any further professional success. It was like his lucky charm died when his father was no longer there to give him support.
The cheating on his wife was a shock to everyone because she was stunningly beautiful and Tiger seemed to be such a G-rated person that he was almost like a Disney character. It was hard for his fans to think of him as participating in adultery, especially when it came out that there were many other women. He seemed to be too nice, conservative, and polite to do such things.
The back problems were just a risk of the golf game that requires such strong use of back muscles when driving the ball. Tiger was able to hit the ball so hard that it would fly down the fairway to an amazing distance. Unfortunately, this ripped up the muscles in his back.
For Tiger to heal, it took years of therapy to work through the problem with Tiger’s sex addiction. It took many surgeries and years of physical therapy for his back problems.
Tiger Woods has done an excellent job making his comeback. Tiger is only 43 years old. That is still a very young age in the sport of golf, so he may surprise us with more success in the future.
Tiger is dating a woman named Erica Herman who worked as a manager for Wood’s restaurant in Jupiter Florida. His girlfriend is no longer the restaurant manager and follows Tiger on tour. Maybe she is his new good luck charm.