Tiger Woods earns $1B becoming highest paid athlete

Forbes reported last week that Tiger Woods became the first athlete to earn $1 billion in career earnings from endorsements, prize winnings, golf course design and appearance fees. Woods reportedly earns $30 million a year from Nike and receives $10 million per project for his golf design work. He also just won $10 million last week for winning the FedEx Cup title.

The crazy part is that Woods in only 33 years old and has many years of competitive golf, endorsements and golf course design ahead of him. It’s not a stretch to say that he’ll likely make well in excess of $2 billion by the time his career ends. It’s estimated that he has now earned more than NBA great Michael Jordan ($800 million) and retired Formula One driver Michael Shumacher ($700 million). ... Read More