In a move that cements his position among the world’s elite, legendary golfer Tiger Woods has seen his net worth soar past the $1.3-billion mark. According to a recent update by Bloomberg, Woods’ fortune now sits at a cool $1.36 billion, solidifying his status as one of the most successful athletes of all time.
The lion’s share of Woods’ wealth, a staggering $660 million, stems from his deal with sportswear giant Nike. Their collaboration, which began in 1996 with a $40-million deal, blossomed into a series of lucrative contracts, culminating in a $320-million, eight-year agreement. The most recent pact, a $200-million, 10-year deal inked in 2013, saw Woods rake in a hefty $660 million by the end of 2023.
However, in a move that sent shockwaves through the sporting world, Woods recently parted ways with Nike. The reason for the split remains shrouded in secrecy, leaving fans and industry insiders to speculate. Some point to Woods’ recent shift towards his own TGR Ventures and golf course design business as a potential factor, while others suggest a desire for fresh branding.
Decoding Woods’ financial landscape: Bloomberg’s $1.36 billion vs. Forbes’ $1.1 billion
While Bloomberg values Woods’ net worth at $1.36 billion, solidifying his status as one of America’s wealthiest Black individuals, Forbes, on the other hand, places his fortune at a slightly lower $1.1 billion — ranking him as the 2,455th wealthiest person in the world.
The discrepancy does not detract from the sheer scale of Woods’ financial prowess. His career haul of $1.8 billion, including a PGA Tour record $121 million in prize money, is a testament to his legacy. And beyond the green, Woods’ ambition continues to inspire across industries.
His venture capital firm, TGR Ventures (TGR), reflects a commitment to building a lasting legacy beyond birdies and bogies. “TGR is my chapter two,” Woods has said, “my way of building a legacy that’s about more than birdies and bogies.”
Legacy beyond golf: Woods’ TGR expands into golf tech, mini-golf, and premium social venues
Through TGR, Woods has invested in diverse sectors – golf technology, hospitality software, and upscale mini-golf experiences across the United States – showcasing a strategic move towards diversification and a legacy that transcends the golf course.
In October 2023, he partnered with Justin Timberlake for a second T-Squared Social, a premium sports and entertainment gastro-pub, with a tee-off pending town planning approval this year. This venture adds to a growing portfolio that extends beyond the fairway.
