Insight: Tiger Woods is now a billionaire — here’s how he spends his money and lives his life
Tiger Woods has made more than $1.4 billion since turning pro in 1996.
More than $122 million of that came from on-course winnings. He’s No. 1 on the all-time money list, by far.
He won $4.6 million at the Tour Championship alone — $1.6 million for winning the tournament and $3.0 million for his second-place finish in the FedEx Cup — one of his biggest paydays ever in golf.
According to Forbes, Woods is now a billionaire, joining LeBron James as the only athletes to achieve the status while still active.
But the real money comes from off the course. At his peak in the late 2000s, Woods made $100 million annually off the course. In 2020, Woods raked in $60 million in endorsements.
Woods has hit other bumps in the road. In 2009, news broke that Woods had been cheating on his wife, Elin Nordegren. Two days later, he crashed his Cadillac Escalade into a fire hydrant outside his house.
He was accused of having an affair with Rachel Uchitel, a New York nightclub manager. Months later, several other women came forward to say they had affairs with Woods.
Many of Woods’ endorsement partners dropped him over the controversy, including AT&T, Gatorade, Gillette, Golf Digest, and Tag Heuer.
Woods has been with Nike since he turned pro in 1996. In 2013 he signed a $200 million deal with the brand.
The divorce settlement cost him a reported $100 million in 2010.
And his golfing career started to turn sour. Woods hasn’t won a major golf championship since 2008 and before the Tour Championship, he had not won on tour win since 2013.
He has also battled various injuries. When Woods was charged with driving under the influence, he blamed an “unexpected reaction to prescribed medications.” Woods had recently had a fourth surgery on his back, and police later said he had five different drugs in his system at the time of the arrest.
But Woods continues to live a lavish lifestyle. After the divorce settlement, there were reports that he considered selling his 155-foot long megayacht, “Privacy,” for $25 million. The boat was not sold, however, and Woods now docks it in North Palm Beach, Florida.
He stayed on the yacht on Long Island during the 2018 US Open at Shinnecock Hills.
Tiger Woods Yacht
He owns a 10-acre property in Jupiter, Florida, that was built from scratch just for Woods at a cost of $55 million.
It has a pitch-and-putt golf course, as well as a private dock.
Golf isn’t his only passion — Woods is really into spearfishing. He learned how to free dive so he could spearfish without an air tank.
He loves spearfishing so much that he once called in sick to a tune-up tournament before the Open Championship just so he could spend time catching fish.
Woods is a die-hard Oakland Raiders fan. He tries to find time to support the silver and black whenever he can.
Even though Tiger has 82 career wins, his trophy case at home only has four shelves, one for each of the majors and the 15 trophies he has captured in those events.
He has two border collies, Lola and Bugs.
They keep him company when he is on the practice putting green in his backyard. They have even been trained to fetch the golf balls.
While most golfers have a simulator at home, Tiger also has a putting simulator. The breaks can be adjusted with a touchscreen and even traces lines to show the best line.
The 82-time PGA Tour event winner is also a fan of the Los Angeles Dodgers. He turned out for multiple games during the 2017 World Series.
Woods likes tennis as well. He is good friends with Rafael Nadal and has sat in his box for a number of matches.
Aside from watching sports, Woods also likes to spend his time working out — maybe too much at times during his career. His old coach Hank Haney once said, “My opinion is he really overdoes that.”
Haney would also suggest that Woods pushed himself physically because he wanted to be viewed as an athlete, saying that Woods viewed injuries as “a way of being accepted into the fraternity of superstars who played more physical sports than golf.”
“He struggles to sleep,” Rory McIlroy said of Woods, “which I think is an effect of overtraining, so I tell him to calm down sometimes. He’d be texting me at 4 o’clock in the morning: ‘Up lifting. What are you doing?'”
Woods says he likes to practice all day, but when he was recovering from surgery he filled his time by playing “Call of Duty” eight hours a day with a 30-minute lunch break. Despite that, Woods said he was still getting beat by 7-year-olds when he played online.
He even has his own restaurant, called The Woods Jupiter. “After years of meals on the road, he decided to bring his vision of an elevated sports bar to life at home in Jupiter,” the website says.
Even when he isn’t at home in Jupiter, Woods likes to bring a little bit of it with him. He reportedly replaces all the furniture in the houses he rents during tournaments with his own, even if he’s only there for a few days.
He likes to travel in style and owns a Gulfstream G550 private jet, worth about $54 million. However, in 2017, for the first time in 10 years, Woods took a commercial flight, from Los Angeles to Dubai.
Woods has also been accused of being cheap. One story told of how Woods wanted to be just one of the guys when he was having lunch with a group of Navy Seals and did not pick up the check.
He devotes a ton of time and money to his at-risk youth charity, the Tiger Woods Foundation. In 2012, he gave $12 million to the foundation
Additionally, he works with kids through the TGR Learning Lab, which provides opportunities for students to explore their passions by combining science with everyday tasks.
Woods doesn’t just rely on his golf winnings and endorsements to fund his extravagant lifestyle — he also runs a golf-design business. He opened his first US course in Houston in 2015 and was said to be designing a Trump International Golf Club course in Dubai.
And recently he has partnered with PopStroke to design miniature golf courses.
Tiger Woods PopStroke
He also signed with TaylorMade for its golf clubs. They recently released his first set of signature irons that go for $2,000.
Woods was heavily involved in the design of the clubs, with TaylorMade spending “hundreds of hours” on testing and building several prototypes until they got them just right for Tiger.
He’s even partnered with President Donald Trump. At the end of 2016, the two played at Trump International Golf Club in West Palm Beach,
Trump awarded Woods with the Presidential Medal of Freedom in 2019.
While Woods is still mum about his private life, he is dating again. He spent a lot of time with Erica Herman at the Presidents Cup in 2017. She was the general manager for Woods’ restaurant.
And she was at the Tour Championship and greeted Tiger after his win.
We will likely never see Tiger Woods play full-time again, but he is likely to still shoot for wins in the majors.