Tiger Woods’ business empire blitzes his career earnings despite ditching £500m deal Tiger Woods doesn’t need to join LIV Golf to supplement his income.
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Tiger Woods’ business empire blitzes his career earnings despite ditching £500m deal
Tiger Woods doesn’t need to join LIV Golf to supplement his income.
The legendary Tiger Woods may be waning on the course, but he remains one of the richest sportspeople in the world off it. At 48 and plagued by serious leg and back injuries, the American is seldom seen at professional tournaments these days, his appearances confined to Major championships and exhibition events.
However, the legacy of the 15-time major champion has long been cemented, having banked record amounts of prize money since turning pro back in August 1996.
His career winnings alone amount to more then £90million, with that figure inflated immensely by sponsorship endorsements
In January this year, one of the most iconic sponsorship deals in world sport was ended when Woods cut ties with Nike after 27 years. The contract was reportedly worth more than £373m, and a previous deal with Gatorade is said to have earned him £75m before the sports drink company ended their association in 2011 following reports of his extra-marital affairs.
But it’s the business ventures of Woods, who according to Forbes is now worth around £824m, that have proved more lucrative than his golf prowess and endorsements. The all-time great has indulged in everything from real estate to clothing brands as his name alone continues to appeal to engross the public.
He is said to have purchased, and later sold, a string of luxurious properties over the years. His own home on Jupiter Island is worth an estimated £40m, having been specially adapted in late 2021 to aid his rehabilitation following the high speed car crash that threatened to curtail his golf career.
A number of the world’s best players also live in his star-studded neighbourhood and based close to his home in Florida is The Woods. The restaurant is owned by the man himself, and boasts of being ‘a destination to celebrate like a champion’.
Inevitably, many of the business ventures of the five-time US Masters champion centre around golf. He owns a course design firm, TGR Design, a golf simulator tool Full Swing, and an indoor mini golf chain called Popstroke.
The latter venture has nine different branches, with 15 more sites reportedly set to open. But fans are also awaiting with intrigue for TMRW Sports, a tech company that Woods launched in conjunction with Rory McIlroy, to start the TGL indoor league, designed to attract a new and younger audience to the sport.
Furthermore, Woods is a shareholder in global real estate development company Nexus Luxury Collection, alongside singer Justin Timberlake. But he’s also in the midst of a legal battle with his clothing line which he launched with TaylorMade this year, called Sun Day Red.
American company Tigeraire, who produce air-conditioned helmets for sportspeople, have filed a notice of opposition to the US Patent and Trademark Office. Their complaints centre around alleged similarities between their logo and that of Sun Day Red.
