According to a number of sources, Tiger Woods is the Richest Athlete in the World right now. Yes his money surpasses that of Michael Jordan and Michael Shumacher. Tiger is reportedly worth more than $650 million, and is on pace to become the first Billionaire Athlete.
In a recent issue of Esquire Magazine they dug into the Tiger Economy. Woods earned $100 million alone last year. It is still unbelievable that this man has already surpassed the financial net worth of the most famous athlete on the planet! Michael Jordan. But we are going to provide some further insight on the enormous wealth of Tiger Woods.
Tiger was recently in Dubai playing a tournament and shooting Gillette commercials and designed his first golf course as a part of an exclusive development called Tiger Woods-Dubai. He is reported to be getting anything up to $45 million for just putting his name on the project.
His list of endorsements read like this; Accenture, American Express, Buick/General Motors, TAG Heuer, Gillette, NetJets, Electronic Arts and of course Nike. Nike will not disclose how much their contract with Woods is, but his 1st contract with them was reported to be $40 million and the 2nd $100 million over 5 years, and Bob Wood who is president of Nike Golf says “that anything less than $200 million for 7 years wouldn’t be exciting anyone.”
Industry insiders say that in Tiger’s first year as a pro he brought in an additional $653 million to the game of golf. When he turned pro Woods singed endorsement deals worth a reported $67 million. We will have more on the amazing bank of Golf’s greatest player in the coming weeks…..