Tiger Woods Now The 1 Billion Dollar Man
From http://blogs.forbes.com/sportsmoneyblog/2009/09/the-first-billion-dollar-athlete/
The First Billion-Dollar Athlete
September 28th, 2009
There is no recession for Tiger Woods. Our calculations show that the $10 million bonus Woods earned for the FedEx Cup title nudged him over the $1 billion mark in career earnings. Forbes has been tracking athlete earnings since before Tiger turned pro in 1996. Woods had earned a cumulative $895 million going into 2009 by our estimates from prize money, appearance fees, endorsements and his golf course design business. If you add in his $10.5 million in 2009 prize money, the FedEx bonus and his take so far this year from his annual $100+ million in off-the-course earnings, Woods' career earnings are now 10-figures.
Only Woods' accountant knows if Tiger is a billion athlete yet, but if it did not happen on Sunday it is likely only a matter of months or his next check from Nike. Woods has been the world's highest-paid athlete since 2002 when he surpassed Formula 1 legend Michael Schumacher. His earnings have surged in recent years as he launched a golf course design business and has three courses underway that pay him more than $10 million per project. The launch of the FedEx Cup has been a bonus for Woods who has taken the top $10 million top prize two of the Cup's three years (a knee injury prevented his participation last year).
It is Nike though that has been Woods' most lucrative partner. The relationship has been hugely beneficial for both parties as Nike launched a golf division from scratch on the back of Woods and sales are now $800 million annually. Nike pays Woods north of $30 million annually for his ringing endorsement. The scary part is that Woods is only 33-years-old and might have 15 years of competitive golf left in him and 30+ years of designing golf courses. This is only the first $1 billion for Woods. --Kurt Badenhausen
The First Billion-Dollar Athlete
September 28th, 2009
There is no recession for Tiger Woods. Our calculations show that the $10 million bonus Woods earned for the FedEx Cup title nudged him over the $1 billion mark in career earnings. Forbes has been tracking athlete earnings since before Tiger turned pro in 1996. Woods had earned a cumulative $895 million going into 2009 by our estimates from prize money, appearance fees, endorsements and his golf course design business. If you add in his $10.5 million in 2009 prize money, the FedEx bonus and his take so far this year from his annual $100+ million in off-the-course earnings, Woods' career earnings are now 10-figures.
Only Woods' accountant knows if Tiger is a billion athlete yet, but if it did not happen on Sunday it is likely only a matter of months or his next check from Nike. Woods has been the world's highest-paid athlete since 2002 when he surpassed Formula 1 legend Michael Schumacher. His earnings have surged in recent years as he launched a golf course design business and has three courses underway that pay him more than $10 million per project. The launch of the FedEx Cup has been a bonus for Woods who has taken the top $10 million top prize two of the Cup's three years (a knee injury prevented his participation last year).
It is Nike though that has been Woods' most lucrative partner. The relationship has been hugely beneficial for both parties as Nike launched a golf division from scratch on the back of Woods and sales are now $800 million annually. Nike pays Woods north of $30 million annually for his ringing endorsement. The scary part is that Woods is only 33-years-old and might have 15 years of competitive golf left in him and 30+ years of designing golf courses. This is only the first $1 billion for Woods. --Kurt Badenhausen
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