Tiger Woods is the latest addition to the billionaire club.
Forbes reported Friday morning that the golfer’s net worth eclipsed $1 billion, making him just the third athlete to cross the ten-digit threshold. This announcement comes eight days after LeBron James joined Michael Jordan as the second billionaire athlete.
Woods is also reported to have turned down a “mind-blowingly enormous” offer — rumored to be around $1 billion — from LIV Golf, the Saudi-backed league that is attracting pro golfers by the herds and could prove to be a formidable challenger to the PGA Tour.
Less than 10% of Woods’ earnings come from prize money. Rather, he primarily amassed his fortune behind massive endorsement deals with companies like Nike, Rolex and Gillette.
Woods, a winner of 15 Majors, joined the PGA Tour in 1996 at the age of 20, the same year he signed a five-year contract with Nike for $40 million. He won the Masters the following year, thus catalyzing a dominant — and sometimes controversial — career. Most recently, he shocked fans at the 2022 Masters Tournament when he returned to play just over a year after being involved in a serious car accident that left him with injuries so severe he considered himself “lucky to be alive.”