American golfer Tiger Woods has become a billionaire and he is the third athlete to have assets valued at at least a billion dollars (950 million euros), writes "Forbes" magazine. Despite injuries, scandals, and failures that followed a triumph, the 46-year-old Woods maintained his supremacy as one of the best-earning athletes, earning over $ 1.7 billion in salaries, grants, and other income over his 27-year career — more than anyone else followed by Forbes.
Forbes now estimates his net worth at least $ 1 billion, based on his lifetime earnings, making him one of only three known billionaire athletes. Other NBA superstars LeBron James, who used his fame and fortune to take ownership stakes in a number of companies, and Michael Jordan, who scored ten digits after retiring, thanks to timely investment in the NBA Charlotte Hornets.
Woods also managed to reach this figure although he reportedly turned down a lucrative offer to join the LIV golf series.
Woods turned down the nine-digit number to play in the LIV series
Greg Norman, director of the newly formed golf series, which was created with the financial support of Saudi Arabia and competes with the PGA, told the Washington Post some time ago that Woods was offered a high nine-digit number to play in the LIV series, but The 46-year-old American turned down the offer.
Forbes wrote on its website that Woods' cash prizes represent less than ten percent of his assets, and he gained most of his wealth through sponsorship deals and investments in other areas. Until 2012, Woods was the highest-earning athlete for ten years in a row, and he remained among the highest-paid athletes after several scandals and car accidents.
Thus, in the last 12 months, although he recovered from a serious car accident and barely played on tour, he earned as much as 68 million US dollars (64.6 million euros). Woods invests his earnings in new companies as well, including a golf design business (TGR Design), a live events production company (TGR Live) and a restaurant (The Woods).