Tiger Woods‘ net worth in 2024 has captured the attention of fans and financial experts alike, as they seek to understand how much money the legendary golfer makes. Renowned for his unparalleled career in golf and his numerous endorsements, Woods has amassed a substantial fortune.
Let’s examine the various sources of income that contribute to Tiger Woods’ wealth and explore how he has constructed his financial empire.
What is Tiger Woods’ net worth in 2024?
Tiger Woods has an estimated net worth of $1.3 billion in 2024.
Tiger Woods is renowned as one of the greatest golfers ever. He has won 15 major championships and 82 PGA Tour events, tying for the most wins in PGA Tour history. Known for his exceptional skill and dominance, Woods has played a significant role in popularizing golf worldwide. His powerful swing, competitive spirit, and numerous records have cemented his status as a sports legend.
Tiger Woods’ earnings explained — how does he make money?
Woods, celebrated for his extraordinary golfing career and numerous endorsements, has earned approximately $1.8 billion throughout his professional career. He became a billionaire in 2022, the second active athlete to achieve this milestone after LeBron James. Despite turning down a “mind-blowingly enormous” offer from the LIV Golf tour, Woods has continued to amass wealth through various ventures. His investments include real estate, a golf course design business. Additionally, he co-founded TMRW Sports, a tech-focused venture, and partnered in Nexxus, a luxury real-estate venture.
Golf Winnings
Tiger Woods has earned a significant portion of his wealth from his achievements on the golf course. Throughout his career, he has won 82 PGA Tour events, tying him with Sam Snead for the most in history. His total prize money from the PGA Tour exceeds $121 million, a record in the sport. For instance, in 2019, Woods won the Masters Tournament, earning $2 million. Despite numerous injuries, he continues to compete and earn from golf tournaments, contributing substantially to his income.
Endorsement Deals
A large chunk of Woods’s income comes from endorsement deals. He has had long-term partnerships with major brands like Nike, Rolex, and Monster Energy. His initial contract with Nike in 1996 was worth $40 million over five years, and subsequent extensions brought the total value to around $500 million over 27 years. Even after parting ways with Nike in 2024, Woods continues to earn approximately $55 million annually from endorsements. Other notable deals include partnerships with Bridgestone, TaylorMade, and Gatorade, which have collectively added hundreds of millions to his net worth.
Business Ventures
Woods has diversified his income through various business ventures. He owns TGR Design, a company that designs luxury golf courses worldwide. Additionally, he co-founded TMRW Sports with Rory McIlroy, aiming to revolutionize sports media and entertainment. Woods is also a partner in Nexus Luxury Collection, a high-end real estate venture. Furthermore, he is involved with PopStroke, a chain of upscale mini-golf courses. These businesses provide a steady income stream and significant equity growth.
Investments
Apart from his business ventures, Woods has made strategic real estate investments. He owns several luxurious properties, including a $54 million mansion on Jupiter Island, Florida, and additional properties in California and Wyoming. His real estate investments are valued at over $100 million. Additionally, Woods’s diversified portfolio includes stocks and bonds, further enhancing his financial stability and growth.