Tiger Woods Net Worth 2015
Tiger Woods Net Worth
Full name: Eldrick Tont “Tiger” Woods
Born: December 30, 1975
Net Worth: $600 Million
Net Worth 2015: $61.2 Million
Winnings 2015: $6.2 Million
Endorsements: $55 M
Residence: Jupiter Island, Florida, United States
Agent: Mark Steinberg
Agency: Excel Sports Management
Tiger Woods’ net worth has been estimated to be approximately $600 million and he is counted among the best golfers of all time. This feat makes him the second richest African American only behind Oprah Winfrey, the famous television personality. Woods, in the year 2013, proved himself as one of the big spenders. Tiger Woods earned approximately $78 million that year according to Forbes. Besides, as a legal settlement from a yacht builder who used his name for promoting yachts without Wood’s permission, Tiger also earned around $1,600,000. Woods’ Mercedes-Benz S65 which he bought that year has a current market value of $210,000. He also spent around $2,000,000 to build his Solitude yacht.
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According to the approximations by Forbes, Tiger Woods, as of June 2014, has made a whopping fortune of about $61 million. The PGA golfer has earned around $6.2 million as winnings from several tournaments from last year. The 39-year old also earned approximately $55 million from his endorsements last season. He currently resides at Jupiter Island, Florida as a citizen of the US. He is the father of children. He landed himself in a messy divorce with his former wife owing to his controversial extramarital affairs. As an interesting fact, this enormously popular Woods actually dropped out from Stanford University. Mark Steinberg is currently working as his agent and Woods is associated with Excel Sports Management.
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Tiger Woods is owner of Gulfstream G550, the perfect business jet that can travel 12,000 kilometer continuously, and is one of the longest range business jet aircraft ever made. It is capable of carrying up to 16 people in standard seating configurations. He drives an Escalade which is the largest vehicle in Cadillac’s recent lineup. The giant and is the largest EXT version of the lineup and weighs around 5,909 pounds. He also bought one of the “super class” model cars, the Porsche Carrera GT. The car has a 5.7 Liter V10 engine which provides 435 pounds of torque and the car itself weighs around 3,042 pounds. Lexus LS 460 Sedan is the recent addition in his supercar lineup which cost him approximately $60,000.
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Tiger Woods won his first major championship by April 1997 after he turned professional in 1996. In a record-breaking performance, he first won the 1997 Masters while winning the tournament with 12 strokes and pocketed $486,000 as his first prize money. In June 1997, Woods first reached the number one golfer position in the world. Throughout the 2000s, Tiger Woods was the most dominant force in the golf world. From August 1999 to September 2004, he spent 264 weeks in the number one spot, and then again from June 2005 to October 2010, he spent 281 weeks in the number one spot. Till he captured the Chevron World Challenge, Woods was in his career-high winless streak of 107 weeks in December 2011.
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Tiger Woods’ biggest endorsement deal till now is with Nike. Many reports say that he gets paid on yearly basis between $10 million to $20 million by the company, though the deal was signed for an undisclosed amount. Woods earns more than $35-$45 million annually from several of his endorsements with many companies such as with Rolex, EA Sports, and a handful of other smaller companies. His net worth was estimated to be around $600 million in 2009 by Forbes. Recently, his divorce settlement with his wife Elin cost him more than $110 million. Woods’ 155 feet long pure luxury, a megayacht called Privacy, is worth approximately $20 million in recent market value. In Jupiter Island, Florida, Tiger spent more than $55 million, to build a new house from scratch.
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In his 17-year professional golfing career, Tiger Woods has made more than $1.3 billion from tournament winnings and endorsements. As on-course winning, he earned approximately $109 million which placed him on the no. 1 spot till now on the all-time money list. With American sportswear company Nike, Woods signed his most valuable deal of more than the $200 million, which Nike offered to Rory McIlroy, another star athlete in 2013. To participate in a tournament in Turkey last year and to hit a ball from Europe to Asia, Tiger Woods earned more than $3 million as his appearance fee as he is also well known for getting crazy “appearance fees”.
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Tiger Woods signed a contract with Nike immediately after he became professional golfer in August 1996 which in those days was the most valuable endorsement contract in golf history. He was named Sportsman of the Year by Sports Illustrated and became PGA Tour Rookie of the Year 1996. After winning the tournament in April 1997, Tiger Woods became the Masters’ youngest-ever winner. Then he set the record of the fastest-ever ascent to the top and achieved the No. 1 place in the Official World Golf Rankings two months later. Woods achieved the PGA Championship and finished the 1999 golf season with eight wins. In 2000, Woods achieved six consecutive wins which was the longest winning streak since 1948.
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On August 20, 2007, the then California Governor Arnold Schwarzenegger and First Lady Maria Shriver, inducted Tiger Woods into the California Hall of Fame. On December 5, 2007, He then inducted at The California Museum for History, Women and the Arts in Sacramento. In December 2009, he was named “Athlete of the Decade” by the Associated Press. Woods has been named Male Athlete of the Year a record-tying four times by the Associated Press and is the only person to be named Sports Illustrated’s Sportsman of the Year more than once till now. During his participation in several international tournaments, he became well known for drawing the largest TV audiences in golf history.
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With numerous reputed companies such as General Mills, Titleist, American Express, Accenture, General Motors and Nike, Tiger Woods signed several endorsement deals in 1996, shortly after his 21st birthday. After his initial contract with Nike, Woods signed a 5-year contract extension worth $105 million in 2000. Nike Golf is one of the fastest growing brands in the sport universe with an estimated sale worth $600 million. He was chosen as the “ultimate endorser” by the company for Nike Golf. In 2000, Woods was involved in every aspect at the launch of Buick’s Rendezvous SUV. It was stated by a Buick spokesman that the company was happy with the Woods’ endorsement value. As an interesting trivia, more than 130,000 Rendezvous vehicles were sold in 2002 and 2003.
Tiger Woods actively practiced Buddhism from his childhood, having been raised as a Buddhist, till he reached the peak of the adult professional golf career. Woods stated in 2000 that he “believes in Buddhism… Not every aspect, but most of it.” Woods stated, while talking about his infidelity to his losing track of Buddhism, “Buddhism teaches me to stop following every impulse and to learn restraint. Obviously I lost track of what I was taught”. Woods delivered a speech commemorating the military in January 2009 at the Lincoln Memorial at the Obama Inaugural Celebration called “We Are One”. Woods then visited the White House while promoting the AT&T National golf tournament in the Washington, D.C. in April 2009.