Tiger Woods sports first billionaire
71Tiger Woods
Tiger Woods will soon be a Billionaire
Tiger Woods is the most famous golfer in the world and he will soon be the first sports star to earn a Billion dollars. No other sports stars have ever came close to achieving such a huge amount of earnings, and according to Forbes- who compile the annual rich list- Tiger Woods is sure to reach this amazing feat by 2010.
The worlds greatest golfer has made more than 100million a year for the last 3 years in a row and will certainly match that in 2009, Last year Woods had a 8 month lay off after he had knee surgery but this had little effect on has yearly earnings, Tiger Woods actual earnings on the golf course only amount to 10% of his income the rest come from his massive sponsorships, Here is a break down of his annual earnings
Prize money: $8m Career prize money, The prize money is earned from competitions played around the world but mostly in America.
Appearance fees: $15mWoods demands $3million a time for prestigious events around the globe and on average he will accept five invitations a year.
Course Design: $10mThree courses are being built one in Dubai featuring mansions and palaces, one in Punta Brava, Mexico and his first designed in the US, The Cliffs at High Carolina.
Sponsorship: $55mNike pay $20m a year for Woods to promote the Tiger Woods name on their equipment, Gillette offer $15m for promoting their razors and global management consulting Accenture pay him another $20m a year. TOTAL AMOUNT $111million
Tiger Woods insistsit is not the money that drives him on but the love of the glory, he is currently four Majors short of equaling Jack Nicklaus record of 18 Majors, At the age of 33 and with his form Woods looks like he will be equaling that record before long.
Tiger Woods
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Comments
I wonder if George Stienbrenner earned a billion dollars from the Yankees.
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MikeNV says:
3 months ago
I read an article that claimed Michael Jordon has already done this based on his association with the Jordan "Brand" at Nike. I doubt anyone knows for sure, as these people try to keep their finances private. What is interesting about Tiger Woods is he is likely to collect over 1 Billion in Retirement Earnings from the PGA if he lives long enough.
Kind of a sad reflection on the state of society where we value sport and entertainment so much at the expense of basic human needs. The Haves and the Have Nots.