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Golf

How Tiger Woods spends his money in lavish lifestyle

How Tiger Woods spends his Money
How Tiger Woods spends his Money. Photo/The Sun
  • Woods uses his wealth off the course to buy boats, private aircraft, and megamansions
  • He is worth $1.4 million, with much of it coming from endorsements
  • He went pro in 1996 and Nike was his biggest sponsor

He’s a billionaire and one of the highest-paid athletes of all time but do you ever wonder Tiger Woods spends his money?

Woods uses his wealth off the course to buy boats, private aircraft, and megamansions. It’s what successful athletes like him worth $1.4 billion, do.

In March 2022, Woods was honoured for his decades-long contribution to the sport by being inducted into the World Golf Hall of Fame.

Generations continue benefitting from his remarkable golfing skill, influence, and prosperity. The cost of him competing in the American Junior Golf Association circuit caused his parents to take out a second mortgage on the family house.

Woods, who was 14 at the time, felt bad for his parents because of all they had done for him. He eventually came up with the mortgage money after becoming a pro golfer in 1996.

WHAT DID TIGER WOODS DO WITH HIS MONEY?

Tiger Woods

Tiger Woods was inducted at the 2022 World Golf Hall of Fame Induction in Ponte Vedra Beach, Florida. Photo by Sam Greenwood/Getty Images

This question is as powerful as how tiger woods spends his money. Since going pro in 1996, Tiger Woods has grossed almost $1.4 billion.

Using his fame and fortune, Woods opened a golf design company, TGR Design. He also invested in a live events production company TGR Live and a restaurant TGR Eatery.

These are a few of his known investments which are worth millions of dollars. At 46, he can live comfortably for the rest of his life.

Woods, in June 2022, turned down a deal in the “high nine digits” to play on the new golf circuit funded by Saudi Arabia. He earned his billions from endorsements and real estate and did not see the need to be in it again, no matter how lucrative it was.

The offer came amid May’s PGA Championship at Southern Hills. It was a sobering reminder of how far Tiger Woods has fallen from the man who stalked the fairways on his way to his first green jacket at the 1997 Masters.

Subsequent years have laces of successes, injuries, scandals, setbacks, and finally, more successes.

DOES TIGER WOODS HAVE HIS OWN PRIVATE JET?

As far as how tiger woods spends his money is in the picture, his private plane is the most expensive of any golfer on this list.

The jet, Gulfstream 550 is valued at $53 million and is a sight to behold. It takes up to 19 people with a mile range of 8,000 miles.

HOW DOES TIGER WOODS MAKE MONEY?

To date, Woods’ golfing profits account for less than 10% of his total earnings and wealth. His billions come from massive endorsement deals with reputable firms, including the following:

  • Gatorade
  • Rolex
  • TaylorMade
  • Nike
  • Monster Energy
  • Gilette
  • Golf Digest

These companies and many others are the foundation of his billion-dollar net worth.

WHERE DID TIGER WOODS GET ALL HIS MONEY?

Woods made the bulk of his fortune via corporate endorsement deals. The annual golf sales were over $25M until Nike signed Tiger in 1996. They consist primarily of add-ons.

He made over $700 million in 2016 before they chose to shut down the golf division. Through that total, more than $122 million came directly from playing golf alone.

He is one of the largest paydays ever in golf at the Tour Championship. Woods received $1.6 million for first place and another $3 million for finishing second in the FedEx Cup.

The ever-flowing millions are the triggers of how tiger woods spends his money.

True wealth, though, lies away from the course. Forbes estimated that Woods’ off-course earnings reached $100 million per year during his prime in the late 2000s. Woods earned $60 million from endorsements in 2020, yet he is not as active as he was back in the day.

Nike remains his biggest sponsor. The sports apparel company stuck with him even after his cheating scandal in 2010.

The sportswear company was his sponsor since 1996 to 2013 with a $200 million contract. He made headlines by paying out $100 million to his ex-wife Elin Nordegren in divorce.

DOES TIGER WOODS OWN A YACHT?

How Tiger woods spends his money

How Tiger woods spends his money. Photo/Pinterest

A $20 million yacht christened ‘Privacy’ is a part of how Tiger Woods spends his money. It is loaded with high-end features. He acquired it in 2004 and he reportedly pondered selling his 155-foot megayacht for $25 million but rescinded this decision.

This was after his divorce settlement, but he still kept it and lived in it until 2018. It docks at a Marina in North Palm Beach, Florida.

For $55 million, Woods has a 10-acre estate in Jupiter, Florida. It was custom-built for him. Pitch-and-putt golf and a private dock are both available there.

Woods keeps up his extravagant spending habits at home and outside. For instance, his home has a state-of-the-art golf simulator where he trains indoors.

Teresa is a journalist with years of experience in creating web content. She is a wanderlust at heart, but an outgoing sports writer with focus on tennis, athletics, football, motorsports and NBA.

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