There is no doubt the pro golf player has had a rough few years but what affect has it had on his finances? What is Tiger Woods’ net worth and how much will his DUI cost him?
Tiger Woods’ Profile:
Net worth in 2017: $740 million
Profession: Pro golfer
Age: 41
Source Of Wealth: Professional golfing
Residence: Jupiter Island, Fla.
Citizenship: U.S. Citizen
Marital Status: Divorced
Education: Stanford University
Tiger Woods’ Career
Tiger Woods was born on December 30, 1975 in Cypress, California. He grew up in Orange County and was introduced to the game of golf before he turned two years old. In 1978, when he was just three, Woods putted against comedian Bob Hope.
He went on to continue playing golf through his adolescence and teenage years and was heavily recruited by the Stanford golf team. When he was just 19 years old he participated in his first PGA tour. One year later he became the first golfer to hold three consecutive U.S. amateur titles. He parted ways from Stanford after only two years to focus on his professional golfing career.
He turned pro in August 1996 and his career immediately took off. He was signing deals with companies like Nike, Inc. and Titleist as soon as he turned professional. He was also named “Sport’s Illustrated’s Sportsman of the Year” and PGA Tour Rookie of the Year in 1996. By 1999 he won his first PGA Championship.
Woods continued to “wow” the world of golf through the 2000s. The world had never seen anything like it before and, unlike many other sports superstars Woods wasn’t in the spotlight for anything negative. Until recently, anyway.
In 2010 Woods and his wife separated after it was uncovered that the pro golfer had been cheating. Woods claimed that he was a sex addict and sought out treatment, however, his career began to suffer. His performance was getting worse each year and, now, he’s been nailed for a DUI. What has the impact been on Woods’ finances?
Tiger Woods’ Net Worth
The pro golfer has not had it easy the past few years but he’s not really suffering financially. Tiger Woods’ net worth continues to sit at an impressive $740 million. He could have had way more though.
Woods was able to grow an immense net worth over the years. He won title after title, championship after championship and, on top of it all, he kept landing lucrative endorsement deals with huge companies like Nike and Titleist. His career has been headed downhill for the past few years though, which has greatly affected his ability to continue growing his wealth.
In 2010 he and his wife got divorced and she left with approximately $750 million of Tiger’s cash (half of his assets at the time). He also began to lose sponsors after the huge sex scandal (and his performance on the field began to suffer). Now that Woods has been nailed for yet another publicly frowned-upon deeds it isn’t likely he’ll be growing his net worth in the years to come. In fact, don’t be surprised if Woods slowly fades out over the next few years.
Photos: TMZ
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James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.
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