Officially, Tiger Woods, the GOLF legend, has been named a billionaire.
46-year-old Major winner joins the elite club, despite not being able to take part in the lucrative Saudi-backed LIV Tour.
Forbes has named Tiger Woods a billionaire
The legend golfer has won 15 Major tournaments in his career
However, it is estimated that only 10% of his wealth was earned through the course
.
In the elite club, he joins LeBron James and Michael Jordan as a basketball player
Greg Norman disclosed that Woods was offered nearly $1billion to participate in the new competition, which began June 9.
Tiger declined the deal because he wants to return to golf full-time after a near fatal car accident in February 2021.
Forbes has confirmed that he is now the third billionaire athlete in history.
NBA legend Michael Jordan was the first person to achieve this incredible milestone. He was joined later in the month by LeBron James, another basketball star.
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Forbes estimates that less then 10 percent of Woods’ career earnings and net worth come from winnings at the golf course.
It's instead his highly marketable brand and endorsements that have helped him achieve this historic milestone.
Woods signed with Nike back in 1996. They are still his largest backer. He also has deals with TaylorMade Rolex, Gatorade and Rolex.
Jordan and LeBron both made money from similar endorsements. Jordan also invested in the Charlotte Hornets at a good time to make his fortune.
In the late 1990s and early2000s, Tiger Woods was a golfer.
"WE'RE TALKING NINE DIGIITS"
Television audiences would drop by 30-50 percent if he was not playing so broadcasters wanted him to be on the show.
He was a huge hit with global brands who wanted to reach a wider audience.
Woods holds fifteen Majors, as well as 81 PGA Tour wins (and 41 European tour victories).
Woods rejected Norman's crazy offer and turned down the LIV Series. He made his long-awaited return at the Masters.
Norman stated that Woods rejected a deal that was staggeringly huge; we're talking high nine digits.
"The players who choose to join the board, God bless them...they are going to make a lot."
Woods lives a lavish lifestyle, which is fitting for his billionaire status, when he's not on the course.
He lives in Jupiter, Florida in an exclusive area and has a $48m home.
It has a four-hole course and a swimming pool. There is also an outdoor basketball court, tennis court, and a 100ft swimming area.
Woods owns several restaurants in the area and bought a piece of land to build a permanent home for his mother Kultida.
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With a $63 million Gulfstream G550 private aircraft, he is never far from wherever he needs to go.
The cruiser can travel at a staggering 7,767 miles without requiring a pit stop and has a top speed 680mph.
After being forced to withdraw from the third round, Tiger's comeback at the PGA Championship was put on hold.
He replied, "Well, it's sore.
"I know this is a fact. We'll do some work to see how it goes."
Woods has already stated that he will not be participating in the US Open. It begins at Brookline, Massachusetts, on June 16.
Tiger is playing again following a near fatal car accident in the early 2021
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