Tiger Woods' Net Worth In 2023 Makes Him King of the Golf Game Off the Course
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Tiger Woods' net worth comes from some serious business savvy, even more than superb golf skills—but make no mistake, it's those golf skills that put him on the map. Woods openly admits that he worked extremely hard to become the best at the sport.
"I think every great champion who has ever lived would say, yeah, they’re selfish in certain aspects. That’s how you got there," he told Time in 2015. "You had to put in extra time in the weight room, extra time running and running, extra time recovering, extra time running their plays or hitting shots or doing the things that other people didn’t do. Why do you do it? Yeah, you wanted to become better. But there’s a cost."
For Woods, the cost of becoming a champion—and mega, mega wealthy—was missing out on some of his kids' childhoods, as well as the cost of his privacy and any chance at a normal, quiet life. But despite his greatness and his legacy over the sport of golf as a whole, Woods, who founded the TGR Foundation to support children's welfare and education, wouldn't mind if younger generations had no idea who he was.
"The greatest thing that could happen is to not be remembered," he told Time, noting that many children today love the Jumpman logo but don't recognize Michael Jordan. "My learning center, kids go through it and they don’t know who I am. They don’t know what I've done," he said. "But it's a safe haven for them to learn and grow."
Find out Tiger Woods' net worth in 2023 and how he made it. Spoiler alert: It wasn't just from his swing!
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How did Tiger Woods become famous?
Tiger Woods is the most famous golfer in history.
Woods grew up in Cypress, Calif., and first began loving golf when he was just 6 months old watching his father, Earl Woods, play. When Tiger was just 2 years old, he appeared on TV for the first time putting with Bob Hope and when he was 5—you know, when most of us are just really proud to be finger-painting and making macaroni necklaces—he was featured in Golf Digest. He joked to Time that he "peaked at 11" when he won 36 tournaments and lost zero and "had the cutest girlfriend in sixth grade," but of course, he went a lot further than that.
His first professional match was the 1992 Los Angeles Open when he was 16, and by 1996, Woods had fully gone pro, becoming the most famous golfer on the planet and popularizing the sport worldwide. He also became one of the highest-earning athletes ever by 1997.
Woods was golf's golden boy, but in December 2009, his image took a major hit when it was revealed he'd been unfaithful to then-wife Elin Nordegren, with whom he shares two children, with numerous women over the course of several years. He took a four-month hiatus from golf, returning to the Masters in April 2010.
In recent years, Woods has suffered from injuries that have led him to withdraw from matches, including the Masters in April 2023, but he remains one of the most decorated, celebrated and certainly richest athletes of all time.
What is Tiger Woods' net worth in 2023?
As of July 2022, Forbes estimates Tiger Woods' net worth to be at least $1 billion, having earned likely more than $1.7 billion throughout the course of his illustrious golfing career.
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How much does Tiger Woods make from Nike?
Woods first signed with Nike in 1996 for a $40 million five-year contract, per Golf Digest.
In 2000, he signed a five-year extension with Nike for a reported $100 million.
At the time, Woods' father Earl told ABC News, “The value Nike received on the first contract caused me to come to my conclusion that it would be chump change. And this contract will be chump change compared to the next one, because Tiger is only going to get bigger and better."
A contract extension for 2013, that was reportedly signed in 2006, is estimated to have raked in $200 million.
Nike stood by Woods even after his infidelity scandal, divorce, injuries and surgeries that saw him out of the Masters for several years, even officially welcoming him back to the competition April 2018.
How much does Tiger Woods make from endorsements?
The bulk of Woods' wealth—an estimated 90% of it, in fact—is amassed from his endorsements and not from his actual golfing victories, according to Forbes. In addition to Nike, Woods has had deals with brands including Rolex, Gatorade, TaylorMade, Hero Motocorp, American Express, EA Sports, Bridgestone and Monster Energy. At Woods' peak, Forbes notes, he earned as much as $100 million from endorsements annually.
"He hit the right time in the right sport, being an athlete with a diverse background who was approachable," sports business consultant and Columbia lecturer Joe Favorito told Forbes of Woods in 2022. "Brands love knowing they're getting someone who is embraced not just by the traditional but also by the casual fans."
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How much does Tiger Woods make per year?
Woods currently earns about $73.5 million annually, according to Golf Digest, from golfing and endorsements. At his peak, he earned more than $100 million per year.
How much does Tiger Woods make from golf?
Woods has reportedly earned about $150 million purely for playing golf. That amount doesn't include his endorsement deals or other businesses.
How much does Tiger Woods make for the PGA Tour?
Woods has reportedly made about $120 million from the PGA Tour throughout his golfing career.
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How much does Tiger Woods make a month?
Estimating Woods' annual earnings at $73.5 million, he makes about $6.125 million per month. At his peak earnings of about $100 million per year, he made $8.33 million monthly.
How much does Tiger Woods make from sponsorships?
Forbes estimates that Woods makes 90% of his money from sponsorships. With career earnings at an estimated $1.7 billion, that means he likely made as much as $1.53 billion from endorsements since he turned pro.
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How much did Tiger Woods get offered for LIV?
LIV CEO Greg Norman told The Washington Post that Woods was offered a sum "in the high nine digits" to play in their league—and that Woods turned it down.
