The American golfer Eldrick Tont “Tiger” Woods came into this world on December 30, 1975. He owns a plethora of golf records, is second all-time in men’s major championships, and is tied for first in PGA Tour wins.
Many consider Woods to be the best golfer of all time, and he certainly ranks among the most well-known athletes of the contemporary era. A member of the World Golf Hall of Fame, he has been inducted.
Tiger Woods Net Worth
American professional golfer Tiger Woods is worth an estimated $800 million. Tiger has earned more than $1.8 billion in his career since he turned professional in 1996. His profits during his career surpass $2 billion when inflation is taken into account.
For a long time, he was the highest-earning celebrity in the world, and now he’s the highest-earning golfer in history. Too many to mention here, but here are just a few of the many honors he has received:
- 15 professional major tournaments
- 82 PGA Tour wins
- 41 European tour wins
- Five Masters wins
- He has been ranked #1 for more consecutive weeks than any other player
- He has the lowest scoring average of all time
- He has been crowned PGA Player of the year 11 times
- Inducted into the World Golf Hall of Fame in 2021
By the time Tiger Woods was seven years old, he was frequently making appearances on TV shows and specials demonstrating his extraordinary golf abilities, which he had started practicing when he was just two years old.
Even though he stopped playing golf while in high school and college, he persisted in turning pro in 1996, and by then, everyone expected him to become the best professional golfer in the world. During the following decade, he was named PGA Player of the Year a total of ten times.
From 1999 to 2004, he held the title for an unprecedented 264 weeks in a row. From 2005 to 2010, he extended his reign to 281 weeks. Nevertheless, his private life plummeted. It was like someone let a wild cat out of a bag after his father passed away in 2006. He fell apart for a few years, wrecked his marriage and family, and lost a ton of endorsement deals.
Excuse the pun, but his reputation took a hit, and it has never really recovered, even though his golf ability was still decent. Time will tell whether he has truly recovered, although recently he appears to be on the mend.
Nike Deal and Notable Endorsement Earnings
For Tiger’s whole professional career, his Nike sponsorship was the single most lucrative source of revenue, even surpassing tournament prizes. On August 29, 1996, Tiger made his professional golf debut. It was on April 13, 1997, 228 days after that, that he won The Masters. The 21-year-old golfer inked a $40 million Nike deal and a $20 million Titleist deal after winning The Masters.
Tiger Woods inked a $30 million, 5-year contract with American Express on May 20, 1997, just over a month after being the youngest player to win The Masters. He had entered the tournament the day before, the Byron Nelson Classic, and won it.
His total earnings during his career reached $100 million when you include the American Express deal with his winnings from tournaments, Nike, and Titleist. To rephrase, Tiger earned $100 million in just 8 months (264 days) after becoming a professional. In contrast, LeBron James’ initial contract with Nike, inked in 2003, was for $90 million spread out over seven years.
The second Nike endorsement contract that Tiger Woods has signed was in September of 2000. Five years at $20 million each was the value of this transaction, which totaled $100 million. Put another way, Tiger made $140 million from Nike alone from 1997 to 2005. Over the course of those seven years, he probably made just over $200 million.
The two companies re-upped in 2005 with a $320 million, 8-year deal between Tiger and Nike. They inked a 10-year, $200 million pact in 2013, which would be their last collaboration.
Nike and Tiger announced their split as brand partners on January 8, 2024. An estimated $700 million was earned by Tiger from Nike between his first deal in 1997 and this revelation.
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