Possessions, Net Worth, Assets of Tiger Woods
With his exceptional golfing talent as a kick start, Forbes estimated Tiger Woods’ net worth to be at least $1 billion.
According to Forbes, this made Woods the third billionaire athlete after NBA icons Michael Jordan and LeBron James.
With his exceptional golfing talent as a kick start, Forbes estimated Tiger Woods’ net worth to be at least $1 billion.
According to Forbes, this made Woods the third billionaire athlete after NBA icons Michael Jordan and LeBron James.
However, his gross earnings (including taxes and fees) of $1.7 billion make him the richest of all billionaire athletes in the world, far ahead of the gross earnings of wealthy footballers such as Cristiano Ronaldo and Lionel Messi.
It’s worth noting that Woods touched the billion-dollar mark despite turning down a “staggeringly enormous” offer from the Saudi-backed LIV Golf tour, which LIV Golf commissioner Greg Norman said would have been in the “high nine figures.” .” That means Tiger Woods’ net worth would be much higher if he opted for the deal.
In its June 10, 2022 report, Forbes said Woods’ earnings include those from his 27-year career in golf, endorsements and other business. By 2012, he was the highest-paid athlete in the world on the Forbes list for 10 consecutive years.
Golf Earnings and Referrals
There is no doubt that Woods is the greatest golfer in history. By the time he was 15, he had won the World Junior Golf Championship six times. The Los Angeles Times (LA Times) wrote at the time that he was the first in his age group to win the 15-17 division.
“Tournament officials, anticipating what they’ll get, rolled out the red carpet for him this year, making him the first player to be exempt from eligibility,” the LA Times noted.
As a senior, Woods has 82 PGA Tour victories – the all-time record shared with Sam Snead. He also won 15 Majors, including his fifth Masters in 2019, which was his last major victory. His number of Majors is only behind Jack Nicklaus’ record of 18.
According to a Forbes report, Woods won US$121 million in prize money. No professional golfer in history has ever earned that much in winnings. Still, Woods’ winnings make up only 10 percent of his career total. A larger share comes from referrals.
The golf ace has long been the face of some of the world’s most famous brands. Among them are Gatorade, Monster Energy, Rolex and Nike.
“He hit the right time in the right sport, he was an athlete with a diverse background who was approachable,”
veteran sports business consultant and Columbia lecturer Joe Favorito told Forbes.
“Brands love knowing they’re getting someone who will be embraced not only by traditional fans but also by casual fans.”
Veteran sports business consultant and Columbia lecturer Joe Favorito told Forbes.
Woods also earns money from his business ventures, which include his restaurant, The Woods Jupiter. He has a golf design business and a live event production company.
A partner in a SPAC, he is also an investor who pumped money into the club and resort group NEXUS Luxury Collection.
Woods is also involved in giving back to society. In 2006, he founded the Tiger Woods Learning Center in Anaheim, California to help educate underprivileged children. The property, built at a cost of around US$18 million, also has a golf course.
Net Worth in 2023
Woods suffered a car accident in February 2021 that affected his form. He was forced to withdraw from some Majors, but returned to competitive golf at the Masters in April 2022.
Despite the setbacks he suffered in 2021, he still earned $68 million pre-tax, of which only $40,000 was prize money.
The rest comes from endorsements as well as a deal he signed in March 2021 with the creators of the PGA Tour 2K video game franchise.
Although Woods is still trying to get back to the top of the charts he once was in golf, his earnings have hardly dipped due to the brand endorsement and his golfing heritage. He was inducted into the World Golf Hall of Fame in March 2022.
According to Forbes, his real-time net worth is $1.1 billion as of April 5, 2023. He is currently ranked 1,001 on the Official World Golf Ranking (OWGR).
And like any other billionaire, Woods flaunts mega properties, amazing cars, big yachts and airplanes.
The most expensive things that Tiger Woods owns
Long Luxury Yacht
About 47.2 meters long luxury yacht Privacy has a total area of 603 square meters. Woods bought it in 2004 for about $20 million.
It has since taken him to some of the most famous golf tournaments in the world, including the 2006 US Open at Winged Foot, the 2018 US Open at Shinnecock Hills, the 2019 PGA Championship at Farmingdale and the 2019 Hero World Challenge in the Bahamas.
According to a 2019 USA Today report, the yacht costs US$2 million a year to maintain. It has a range of around 6,500 km and can sail at a maximum speed of 17 knots.
With a crew of nine, the vessel can sleep 10 to 12 people. There are at least five staterooms, including a double cabin and a VIP lounge. The interiors are decorated with cherry wood.
Her sumptuous amenities on her three decks include an eight-person hot tub, a decompression chamber for scuba diving, a personal gym, a theater, a large deck bar and a three-person elevator.
Jet skis and kayaks are among the toys that a yacht can carry for the pleasure of its owner and guests.
Woods bought the vessel around 2010 when his marriage to Elin Nordegren was falling apart.
According to PEOPLE, the golfer bought the 18.5-meter diving boat for Nordegren.
Other reports stated that both Woods and Nordegren enjoyed scuba diving in the early years of their marriage.
“Solitude is a diving boat and was designed for Elin, who loves the sport,” PEOPLE quoted an unnamed source as saying.
Built by Garlington Landeweer Marine, the boat was docked at the time at Pirate’s Cove Resort & Marina, near Wood’s home on Florida’s Jupiter Island.
However, neither the shipyard nor the manufacturer confirmed the name of the owner to PEOPLE.
The report said the ship cost between US$2 million and US$3 million and took two years to build.
Woods has used his vast fortune to buy some of the best things to hop around the world. For long distances, Woods has been seen flying in his private jet – a Gulfstream G550.
It is the same type of aircraft that billionaire Elon Musk has among his private jets.
The golf legend bought the plane for around US$54 million. It has 18 passenger seats and can fly non-stop for nearly 12 hours or over 12,000 km.
The Gulfstream G550 that Woods owns has a bedroom with a walk-in closet, a separate dining area and spacious bathrooms. In case Woods urgently needs work, he can use the onboard full internet connectivity and satellite communication.
Mercedes-Benz SLR McLaren Edition
Woods owns several fast and beautiful cars, some of which he received as prizes for his wins and others as part of sponsorship deals.
These include several Buick cars — the Buick Lacrosse, Buick Enclave, Buick Velite and Buick Bengal Roadster — as well as the Lexus LS460. He has also ridden two bikes under endorsement deals, the Hero Karizma ZMR and the Hero Xpulse. It is not clear if it is his own.
There was also his infamous accident in 2009 in which his Cadillac Escalade crashed into a fire hydrant, days after his cheating scandal became public.
But the two most famous four-wheelers in his garage are the Mercedes-Benz SLR McLaren Edition and the Porsche Carrera GT.
The Mercedes-Benz SLR McLaren Edition is part of the limited production Mercedes-Benz SLR McLaren by Mercedes and McLaren, of which only around 2,100 were produced between 2003 and 2010.
The McLaren Edition can reach a top speed of 336 km/h. and 0-60 mph in 3.6 seconds with a 5.4-liter V8 engine producing 651 hp. The most unique feature of the range is that no two cars are the same due to differences in specification.
The car sold in the $100,000 to $150,000 price range at the time of production. However, its resale value is much higher because it is a highly sought after collector’s vehicle. For example, the Mercedes-Benz SLR McLaren 722 S Roadster, the roadster version of the car, sold for $1.45 million in 2018.
And one of the variants, the Mercedes-Benz SLR McLaren Stirling Moss, is one of the most prized limited-edition cars in the collection. Only 75 were built and two of its owners are pop icon Rihanna and rapper Kanye West.
Porsche Carrera GT
The Porsche Carrera GT is one of the fastest cars on the road with a top speed of 330 km/h. The car is made of carbon fiber and accelerates to 160 km/h in 6.8 seconds.
Although it originally cost around half a million dollars, the Porsche Carrera GT can easily surpass that mark at auctions.
Woods bought one of the machines, but apparently didn’t get on well with it.
“Once [Woods] bought a Porsche Carrera GT, similar to the one driven by many celebrities, but one of the first times he got behind the wheel, the powerful car ran away and crashed into the grass near his house.
He took it back to the dealership,” ESPN’s Wright Thompson wrote in his 2016 profile of the golfer.
Based in Florida
Wood’s first major property was the Windermere mansion located in the Isleworth Golf Club community near Orlando, Florida.
He bought it in 1996 for around US$2.6 million, although some reports say the price was not disclosed. The property measured 743 square meters at the time Woods bought it.
The two-story house next to the waterfront had seven or eight bedrooms, a guest house, a two-story terrace, a theater and a wet bar. It was near this house that Woods crashed his Cadillac.
Woods sold the property in 2013 to golfer Bubba Watson for $2.2 million. Watson sold it four years later for US$4.2 million.
But he is said to still have property in Windermere. The property, which is valued at $1.31 million, was purchased in 2010 and is listed in both the golfer’s and his father’s names.
Manor on Jupiter Island
The Jupiter Island estate along the coast of Martin County, Florida is perhaps the most famous property owned by Tiger Woods. The property covered an area of about 50,000 square meters and was purchased in 2006.
Woods had the existing house on the property demolished and had his own residence built from scratch. The total cost of the project is estimated at 40-55 million USD.
The Jupiter Island estate is famous for having its own golf course that measures over 14,000 square meters so that Woods can practice whenever he wants.
The mansion, on the other hand, has a tennis court, several pools, a media room, a wine cellar, a private dock, and a gym and oxygen tank, among other Woods-friendly amenities and requirements.
A year after purchasing the property, Woods also purchased two plots of land for his mother in the same area for approximately $2.4 million.
Other properties
Woods purchased land in Jackson Hole, Wyoming with his then-wife Elin Nordegren for an undisclosed amount.
According to Insider, the lots in the gated community where Woods bought were selling for $1.2 million to $4.5 million at the time.
He also owned a condominium in Corona Del Mar, California, which he bought in 2004 for US$3 million. The apartment had three bedrooms and offered an excellent view of the ocean.
However, he sold it for $2.5 million in 2012, following his breakup with Nordegren.
Rolex Sea-Dweller Deepsea
Woods owns several luxury wristwatches. But the one that stands out in his collection is the Rolex Sea-Dweller Deepsea.
In 2019, he was seen wearing it after winning the Tournament of Champions — his first major title in 11 years. Woods’ watch is believed to have cost around $10,000.
The Deepsea is a subcategory of the Rolex Sea-Dweller. The watch is known for its incredible water resistance; they can go as deep as 1,220 meters below sea level, which is 13 times more resistant than any other diving watch.
Wood’s Deepsea has a blue dial and a black bezel. In terms of design, it shares some similarity with the Rolex Submariner. The watch has a 70-hour power reserve and is renowned for its accuracy.
Woods Jupiter Restaurant
Woods opened a restaurant in Jupiter in 2015. Some reports suggest he paid around US$8 million for it.
The Woods Jupiter is an elevated sports bar serving typical American cuisine.
Dishes include several types of salads and sandwiches, including the arugula and chicory The Woods House Salad and The Woods Burger, with ingredients including Florida wagyu, white cheddar and lettuce, among others. Appetizers, desserts, cocktails and cigars are also served here.
“Woods Jupiter is the flagship restaurant of Tigers. After years of eating on the go, he decided to bring his vision of an elevated sports bar to life at home in Jupiter.
Envisioned as a place where friends and family could gather to relax and refuel, The Woods has become a destination to celebrate like a champion,” reads a statement on the restaurant’s official website.
Woods co-owns Albany, a 2.4 km2 stretch of luxury resort on New Providence Island in the Bahamas.
In addition to the golfer, the main members of the resort are Joe Lewis, Ernie Els and Justin Timberlake. The resort was opened in 2010.
