Tiger Woods net worth, salary and his sources of wealth in 2020 analysed.
|Date of Birth:
|December 30, 1975
|48 years old
|Source of Wealth:
Table of Contents
Tiger Woods is a professional golfer from the United States who currently competes on the PGA Tour. An astute golfer with adept abilities, Woods is a sensation in the sport. His golfing antics which has made him one of the most popular sports personality in the 21st century has also established him as a prominent figure in world affairs. From his teenage years, down to college and when he turned Pro in 1996, Tiger Woods has continued to show he is the best in the sport, despite encountering momentarily challenges which seemed to have doused the flames of his growing career.
In the PGA Tour, Woods has claimed about 82 wins and earned more than $1 billion in his golfing career. His adept golfing skills have earned him not just huge financial rewards, but also trophies and awards, that the star himself cannot keep count of. In 2010, when his marital issues evolved into a big scandal that hurt his public image, performance and career, Woods rebounded but not to his old self; well, that’s what fans thought until he made a spectacular comeback in 2019 by winning the Masters.
With an emphasis on Tiger Woods net worth in 2020, we briefly summarise the wealth his career has brought him. Other highlights in this article include his early life, career summary, career earnings, endorsements and sponsorships, luxury lifestyle and of course, our takeaways from Tiger Woods’ wealth and rise to fame.
The only child of Earl Woods and Kultilda Woods, Tiger Woods has a culturally diverse background. His father, Earl was a lieutenant colonel and is a veteran of the Vietnam War. His father though handicapped played golf. Aside golf his father played baseball in college. Woods was introduced to the exhilarating game of golf by his father. Being military personnel, Tiger Wood’s father had access to the Navy golf course in Los Alamitos. There Woods had some of his early training in golf. Aside from the Navy golf course, he also played golf as a young boy at the Heartwell golf course in Long Beach.
Woods was natural at the sport. His wonderful talents, earned him an appearance on the ABC show That’s Incredible edition of Golf Digest. Tiger Woods was just 5 then. When he was 7, he had already been dominating in the tournament for his age-grades, such as the Drive, Pitch, and Putt tournament for under 10’s which took place at a Navy golf course in California. By the time Tiger Wood’s was 8 years old, he won his first of six Junior World Golf Championships.
As a 15 years old, high school student, Tiger Woods emerged as the youngest player to win the U.S. Junior Amateur Championship, that record stood until 2010. Woods won the Championship for three successive years. His success in golf at such a young age earned him the 1991 Southern California Amateur, Golf Digest Junior, Amateur Player of the Year, the 1992 Golf Digest Amateur Player of the Year, 1992 Golf World Player of the Year, and 1992 Golfweek National Amateur of the Year awards.
Young and talented, several colleges fought to earn Tiger Woods commitment, but he chose to commit to Stanford University. At Stanford, Woods excelled. In his first year, he won several collegiate events such as the William H. Tucker Invitational and received the Stanford’s Male Freshman of the Year and Pac-10 Player of the Year awards. In his second year, he won the NCAA individual golf championship and competed in his first Masters, the 1995 Masters.
Career Summary & Achievements
After two years of college golf, Tiger Woods went Pro in 1996, at age 20. He went on to win his first major title, the 1997 Masters. He became the youngest player to win the title and received $486,000 for his win. His next major win came in 1999, where he was the PGA Championship, his second major win. He received $630,000 for that win. That year, he won 7 other PGA events. As the 21st century dawned, Woods was about to establish himself as the new king of golf.
In 2000, Tiger Woods won the US Open and the Open Championship. He received $800,000 and $900,000 for each win. Those wins made him a career Grandslam winner at just 24 years old. The following year, Woods stunned the world again, by winning the Masters, making him the first golfer to win major championships in successive years. He earned $1,008,000 for his win. Woods repeated the feat in 2002, earning the same prize money. Aside from his 2002 Masters win, he claimed that year’s edition of the US Open and the Open Championship receiving $1,000,000 and $500,000 respectively.
With no major wins in 2003 and 2004, Woods slipped from the number one spot in Official World Golf Rankings, after spending 264 weeks as the top Golfer in the world. That was a record. In 2005, he rebounded by winning six PGA tour tournaments. He also added the 2005 Masters, for which he $1,260,000 and the 2005 Open Championship, for which he was awarded $1,261,285, to his collections. The 2006 season was rocky for Tiger Woods as his father died. Though he didn’t win the Masters, Wood’s claimed the PGA Championship, with prize money of $1,224,000 and The Open Championship with prize money set at $1,338,480. By 2006, Woods who has just spent 10 years in professional golf had won 54 events, of which 12 were Majors.
Woods began the second decade of his career by winning his fourth PGA Championship, for which he received $1,260,000. In 2008, coming back to action after knee surgery, Tiger Woods won the US Open and received $1,350,000 in prize money. In 2009, Woods returned after taking the remainder of the 2008 season off. But his return was blighted by media coverage of his marital infidelity with multiple women which affected the star heavily. He was heavily criticized with top brands cutting ties with him. He took a brief break from golfing and offered a public apology. Woods returned to golf in April 2010, but from that period to 2015, he won several PGA tour events but the Majors eluded him.
Between August 2015 to 2018, Woods competed in just one event. That affected his rankings heavily as he dropped out of the top 1000 golfers in the world. He soon returned to Golf and in September 2018 he won his first PGA Tour event in five years. In April 2019, Woods won his first Majors in 11 years, the 2019 Masters. He earned $2.07 million from his win, which thus made him the first Masters winner to receive $2 million in prize money. His win was widely publicised and celebrated. In October 2019, in his first PGA Tour event for 2020, Woods won the Zozo Championship, which became his 82nd win.
Here are some of the best Tiger Woods career highlights.
- World Golf Hall of Fame (Class of 2021)
- PGA Tour Rookie of the Year (1996)
- 11x PGA Player of the Year
- 11x PGA Tour Player of the Year
- 9x Vardon Trophy
- 9x Byron Nelson award
- 10x PGA Tour leading money winner
- Presidential Medal of Freedom (2019)
Tiger Woods Net Worth in 2020
In 2020, Tiger Woods net worth is estimated to be $800 million. That ranks him as the 4th richest athlete in the world. This is a whole lot of money, but considering the achievements of Woods, it comes as no surprise. Over the course of his more than 20 years career, Woods has emerged as the biggest name in the sports, clouding the top players that came before him. Any prospects seeking to outshine him has a whole lot of records to break.
His stellar performance over his more than 20 years career, though, has not been without upheavals, such as his shameful marriage crisis, for which he was extremely vilified, has seen him earn more than a billion dollars. Yes, Tiger Woods earnings from golf has surpass the $1 billion mark. With tax deductions, his total worth falls short of $1 billion. His portfolio of endorsement deals has added to his wealth.
Aside from his numerous endorsement deals, Woods has his own businesses. He owns the Tiger Woods Design, a golf design company. The company which was founded in 2006, opened its first golf course, the Bluejack National in Texas in 2016. The first public golf course designed by his company, Big Cedar Lodge is set to open in Missouri in 2020. In 2015, Woods opened a sports lounge and restaurant in his home town.
Tiger Woods Career Earnings
Strictly sticking to golf, Tiger Woods career earnings are about $1.6 billion. His total earnings from golf career are largely due to endorsement and sponsorship deals. From winnings on the golf course, Woods has received as much as $120,660,780. This accounts for his earnings from PGA Tour events only. This also ranks him as the golfer with the most money earned in the PGA Tour.
Tiger Woods has won 15 Majors, with the latest, being his 2019 Masters win. He has earned about $16,095,765 from his 15 master wins (Major wins include PGA tour events). His earnings from golf winnings with endorsement and sponsorship deals he has signed throughout his career have earned him about $1.6 billion. In the last decade, Woods ranked as the 6th highest-paid athlete with $616 million in earnings.
Tiger Woods Endorsements & Sponsorships
Since he turned Pro in 1996, Woods have boasted of top brands as endorsement and sponsorship partners. Notably of which is Nike. In 1996, he signed a 5 years deal worth $40 million with the brand. He extended his deal with the brand with another five-year $100 million deal in 2013. In 2006, he signed an eight-year deal with Nike which generated him between $20 to $40 million annually. In 2013 he signed another extension for an undisclosed amount. Even after Nike, stopped producing his golf equipment, their partnership continued.
When several brands cut ties with him in 2010 over his infidelity crisis, Nike stood with their man. Nike still remains a partner with woods. He currently has sponsorship deals with Monster Energy, TaylorMade, Rolex, Upper Deck and Hero Motocorp. In 2020, Woods made about $60 million from endorsement deals. That is a $6 million increase compared to 2019.
Tiger Woods Luxury Lifestyle
Tiger Woods huge net worth is evidence of his hard work for over two decades and thanks to that, he enjoys a luxurious lifestyle.
Tiger Woods owns a £41 million mansion in Jupiter Island, Florida. The house has multiple bedrooms and bathrooms, a swimming which spreads as wide as 100 feet, an outdoor tennis court, a golf course, a fully equipped gym, a wine cellar, private therapy room, cinema theatre and a media room.
Tiger Woods cars collections include a Mercedes Benz SLR, Lexus LS460, Buick Lacrosse, Buick Lucerne, Buick Regal, Porsche Carrera GT, Lamborghini Murcielago and Mercedes S65.
Tiger Woods private jet is a $53 million Gulfstream G550 private jet. Of course, woods loves to fly in his jet, especially when getting around the tour. Within the past 15 years, the few times he has flown in a commercial airline was when he travelled from Los Angeles to Dubai in January 2017 and in 2019, when he flew in an 88-bed private jet from the Bahamas to Melbourne, paying $55,000 per hour. At an estimate of 15 hours, that would’ve cost he and his team close to $1 million.
Tiger Woods yacht is a $25 million yacht which he named ‘Privacy’. When playing in tournaments near water, he often sleeps on the yacht.
What to Learn from Tiger Woods Wealth, Success & Fame
Now that you know the interesting story about Tiger Wood’s rise to fame, his wealth and how he became successful and famous, here are two incredible lessons to learn from the incredible golfer.
1. Practice makes perfect
With the help of his father, Tiger Wood’s had been preparing to become the best in the world from when he was a toddler. By age 10, he defeated his peers to emerge victor at tournaments. Woods regularly practised with his father from a very young age, thus, growing his skills.
2. Challenging times are hard but never give up
Following the disappointing revelation of his marital infidelity, Woods was heavily criticized. His game was affected, brands pulled out of endorsement deals and critics called on him to retire. But Woods never did that. He apologized, took a few months break from golfing and returned. Even though it took years before he finally could recover from the effect of his mistake, Woods continued to fight to gain his rightful place in the sport he has played from childhood. He did it in 2019 after winning his 15th Masters. Difficulties will always come, either as a result of your own mistakes or others, but ensure you face it squarely and never give up.
In 2020, Tiger Woods net worth is valued at $800 million, ranking him as the 4th richest athlete in the world. His career earnings which also includes earnings from endorsement and sponsorship deals total $1.6 billion. The main source of his wealth is from his career as a pro golfer.
Hard work, practice and perseverance are the worthy qualities Tiger Woods have shown throughout his career. Finally, what are your thoughts about Tiger Woods net worth? Feel free to share with us in the comments section below.