Tiger Woods’ Net Worth
Tiger Woods was the first professional player ever to earn over $20m through playing golf. Today this type of money can be earned in one year by the top PGA golfers. Find out what Tiger Woods’ Net Worth is and how much he has earned from playing, and winning, at Golf.
Whether you think he is the greatest of all time, or you are more of a traditionalist you can’t deny that he paved the way for earning potential for all golfers who followed.
Who is the Richest Golfer of all time?
Between 2000 and 2020 Tiger Woods has led the money list in PGA golf. Up to the US PGA in 2020 Woods had earned over $120m from prize money alone. Woods is the richest golfer of all time and this doesn’t even take into account sponsorship money which will have far exceeded this amount many times over. The popularity of Woods and his commercial draw led to increasing amounts of sponsorship coming in from the biggest companies in the world. Without Woods the earning potential of the modern golfer would be significantly reduced.
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Did Tiger Woods Save Golf?
In the early 2000’s Woods provided a massive draw for Golf fans. Even for those who knew nothing about Golf they would definitely have heard the name Tiger Woods. That’s how Woods saved golf, he provided the springboard for those who were to follow. Much like the appeal I’ve read about Arnold Palmer bringing to the game in the 50’s and 60’s. The celebrity of the player became bigger than the sport. He showed the commercial world that there was serious money to be made by backing Golf and Golfers.
How Is Tiger Woods So Rich?
Woods has won 82 PGA events and 41 European Tour events, this highlights what a phenomenal talent he has. He has been the leading money winner 10 times between 1997 and 2013. Not only by being the best player of his generation but by transcending the sport and becoming a world recognized brand in his own right. It’s no surprise with a record this amazing that he has earned so much money from Golf, even in a sport which isn’t traditionally regarded as the richest. He has earned over $110m dollars from golf! (to date!)
Is Tiger Woods A Billionaire?
The majority of Woods’ money has come from sponsorship endorsements. Before Nike signed Tiger in 1996, annual sales from golf were approximately $25M in golf sales. Mainly made up of accessories. In 2016 when they decided to end their golf department they brought in over $700M. It is reported that during this time Woods was earning between $250m-$300m.
In addition to this Tiger Woods signed with EA sports in 1998. During this time he earned up to $7m per year from 1998 – 2013. However the payback was that ‘Tiger Woods PGA Tour’ was the top grossing golf video game. He also had other sponsors such as Gatorade, Tag Heuer, Rolex, GM, EA Sports, NetJets, Titleist, Acura and Taylor Made.
It was reported in 2009 that Woods had surpassed the $1 billion earning figure. He became the first sports star to achieve this feat. He has gone on to earn much more since this date and his sponsorship deals are among the biggest in the world.
It was reported that in 2012 Woods made $86m and that $77m was made away from the golf course! What’s more impressive is that Woods was able to take a hiatus in 2009 to deal with personal issues, and then take time out between 2014 and 2017 yet still remain top of the career earnings list. A true legend. Woods will be inducted into the World Golf Hall of Fame in 2021.
What is Phil Mickelson’s Net Worth?
Some have said that the rivalry between Mickelson (Lefty) and Woods spurred both to become even better players. They’ve played with each other multiple times over the years, rivals on tour and team mates in the Ryder Cup. Throughout it seems that they have provided a real spark to keep the other hungry for more success. With both players handing each other the famous Masters Green Jacket at Augusta they have also become huge brands within the sport.
Much like the Ronaldo and Messi debate in football, there will continue to be debates as to which player will be regarded as the G-GOAT (Greatest Golfer Of All Time).
Mickelson has been an extremely high earner for the duration of his playing career, both in prize money and in sponsorship deals. Due to this it’s been reported that Mickelson’s net worth in 2020 is $400m and that he has annual earnings of over $50m.
What does Rory McIlroy earn?
In 2019 both Rory McIlroy and Sergio Garcia surpassed $50m in earnings. At the time Rory was the 10th player to achieve this amount. You’ll see from the graphic above that Rory has had a meteoric rise in the money list. Between 2019 and 2020 it was reported that Rory earned $55m, with $30m coming from endorsements.
It won’t be long until the younger talented golfers will soon surpass the earnings of Woods. It should not be forgotten that it was the draw of Woods which pulled so much attention back to Golf and has contributed to the huge prize money now on offer. In 2019 for winning the Tour Championship and FedEx Cup Rory McIlroy pocketed $15m!
If you’ve got the golfing bug why not check out our page on getting started in golf. You never know you could be the next top golfer and overtake Tiger Woods net worth. If you’re ready to step up your game and start challenging Woods for the best of all time check out our equipment guides.
Which modern Golfer will be the first to overtake Woods career earnings? Leave a comment below.