Less Than Half Of Tiger Woods' Net Worth Was Earned On The Golf Course, But These Endorsements Made

May 02, 2024

Highlights

Tiger Woods has earned a staggering $120.Nine million from playing golf on the PGA Tour.
His endorsement offers with companies like Nike, Gatorade, Bridgestone, and MusclePharm have contributed significantly to his net worth.
Tiger Woods has maintained longstanding partnerships with corporations like Nike and Rolex.

When any person mentions the international's richest athletes, names like Michael Jordan and Cristiano Ronaldo come to mind, but Tiger Woods follows shut in the back of. Simply put, Tiger Woods is to golf what Michael Jordan is to basketball, and his standing as one of the largest gamers of the game is mirrored in his insane net worth of $1.1 billion.

While the global recognizes him for his skillful precision at striking a hole-in-one on the golf course, only a small portion of his net worth may also be attributed to the cash he made actually enjoying golf. And, regardless of being the top-earning professional golfer of all time, a lot of his fortune has come from endorsement deals and different trade ventures. These are the endorsements answerable for making Tiger Woods a billionaire.

7 How Much Has Tiger Woods Earned On The Golf Course?

Total Earnings In 2023: $75.1 Million

Like many other world-class athletes who've achieved G.O.A.T. standing, Tiger Woods was introduced to golf at an extremely early age - sooner than the age of two. His father, Earl Woods, was a single-digit handicap newbie golfer, and impressed Tiger to play the game that would give him the title of the highest-earning golfer of all time.

According to Golf, Woods remains at the pinnacle of golf's all-time earning list with a total of $120,954,766. Again, this figure reflects his golf earnings most effective from PGA Tours, minus the money he has received from endorsement deals and other golf tournaments.

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This is important as a result of Tiger Woods is the only professional golfer to have made 9 figures in PGA Tour income. Behind him in 2d position is the 53-year-old golfer, Phil Mickelson, who has earned $96,572,310. Woods' net worth has been on the incline ever since he burst onto the scene in 1996, and has best noticed a dramatic building up ever since. A few of the highlights of his dynamic profession include eighty two PGA Tour wins, 41 European Tour wins, and 5 Masters wins. So, the $120.9 million doesn't even come with the profits from different primary skilled golf tournaments he is received.

6 How Much Does Tiger Woods Earn From His Nike Endorsement?

Total Earnings From Nike: $500 Million

Tiger Woods was such an elite golf participant at the junior and beginner level that once he become a professional golfer in 1996, he signed his first contract with Nike. The preliminary Nike endorsement was a five-year agreement worth $40 million, in step with Sportskeeda. However, since then, the contract has been updated 4 times over the span of his profession. The first update got here in 2001, which extra than doubled the income of his first contract, more or less around $one hundred million. Around the time, Woods was 26, and the settlement could be for every other five years.

The third contract update was scheduled for 2006, at which level Tiger Woods started earning $200 million from the Nike contract, this time for a ten-year settlement. Nike also proved to be Woods' most loyal endorsement corporate, being that they upheld their contract agreement with him in spite of the unfavourable publicity about extramarital affairs he won, in addition to different run-ins with the legislation. Over the span of their 27-year contract settlement, it is safe to mention that Nike does not have plans to end their endorsement maintain Tiger Woods any time quickly.

5 How Much Does Tiger Woods Earn From His Gatorade Endorsement?

Total Earnings From Gatorade: $120.9 Million

Another sponsorship that made Tiger Woods a fortune was the sports activities beverage and meals products corporate, Gatorade. While it doesn't rely as one of his long-term endorsements, lasting just two years, Woods still added considerably to his net worth for that duration. According to Verdict, his sponsorship deal with Gatorade lasted between 2007 and 2009, earning him upward of $40 million annually.

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When the corporate dropped him in December 2009, Tiger Woods left with $120.Nine million, largely because he refused to take a one-time cost. Instead, he opted to take a cut of the profits from the gross sales of Gatorade Tiger Woods Thirst Quencher products, which came out in 2008. While it is unclear whether or not Gatorade's determination to drop him from the endorsement had anything to do with the affairs of his private life, getting a reduce of the Gatorade gross sales was a genius transfer.

4 How Much Does Tiger Woods Earn From His Bridgestone Endorsement?

Total Earnings From Bridgestone Golf: $15 Million

One of Tiger Woods' more moderen logo endorsements is with the golf ball manufacturing company, Bridgestone, which was signed in 2016. The multi-year deal came about as a consequence of Nike rapidly saying their discontinuation of golf apparatus manufacturing. The transfer by Bridgestone was strategic, being that Woods was, and still is, the face of golf, in spite of being in his early forties at the time of signing the deal.

According to a report from CNBC, the details of the contract weren't known, but it is estimated that Tiger Woods is making $1-2 million per 12 months, which is way less than what he made in his high.

3 How Much Does Tiger Woods Earn From His MusclePharm Endorsement?

Total Earnings From MusclePharm: $9.5 Million

In July 2014, the efficiency lifestyle and dietary complement brand, MusclePharm, signed a four-year contract with Tiger Woods giving them the right to have their emblem plastered on his gold bag. Everything seemed to be going well, but on the subject of two years after signing the contract, MusclePharma announced their need to upfront finish their contract, which was intended to end in June 2018.

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MusclePharma also agreed to pay Tiger Woods an extra $2.Five million as an incentive to near the deal, which he agreed to. According to ESPN, he performed a overall of 15 tournaments with the corporate's emblem marketed on his golf bag, for which he was paid $7 million. It's believed that the contract was terminated as a result of of a want to lower your expenses. This is also true, because previous that year, MusclePharm also terminated their deal with Arnold Schwarzenegger, which is said to have saved them $22.Five million.

These are some of the different companies that ended their endorsement deals with Tiger Woods, according to CBS News:

Sponsorship	Duration of Contract	Worth of Contract
AT&T	2009-2009	$7 million yearly
Accenture	2003-2009	$7 million every year
Tag Heuer	2002-2009	$2 million every year
Gillette	2007-2009	$5 million yearly
Golf Digest	1997-2010	$2 million every year
Titleist	1996-2000	$20 million
General Motors	2000-2008	$7 million every year
Buick	1999-2008	$Five million annually

2 How Much Does Tiger Woods Earn From His Rolex Endorsement?

Total Earnings From Rolex: +$35 million

The trade relationship between Rolex and Tiger Woods seems love it was intended to be. That's because the GOAT of golfing first signed his first contract with Rolex in 1997, proper after turning professional. However, he abandoned his endorsement maintain the luxury corporate in 2002 in choose of a handle their rival watch corporate, Tag Heuer, according to GQ. However, because of the negative publicity surrounding infidelity to his ex-wife Eilin Nordegren, Tag Heuer ended their sponsorship take care of him in 2011. Later that same year, Rolex confirmed their undying reinforce for Woods by means of offering him a five-year endorsement deal valued at $7 million.

1 How Much Does Tiger Woods Earn From His Hero MotoCorp Endorsement?

Total Annual Earnings: $10-20 Million

Another one of Tiger Woods' recent endorsement offers, and one of his maximum profitable, is with Hero MotoCorp Limited - an Indian bike and scooter producer. Despite having nothing to do with golf, the bike company signed a four-year endorsement deal with Woods in December 2014 that was reported to be paying him more than $10 million per 12 months. When the contract was coming to an end in December 2018, the company renewed the endorsement deal for some other 4 years. Woods is thought to nonetheless be endorsed by the company.

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