Tiger Woods is a bad man. He is the first athlete to make a billion dollars in career earnings and he’s still got plenty of time to add to the total. Woods is or has been in ad campaigns for cars, golf clubs, even razors. He is, observes Brown, “a walking, talking money-making machine. You might as well call him ‘Tiger, Inc.’”
“Tiger’s earnings power is really unprecedented,” Forbes writer Kurt Badenhausen told CBS News Correspondent Terrell Brown. Since bursting onto the PGA tour in 1996, Woods has dominated golf, winning 92 tournaments. And sponsors have been eager to attach his name to their brands.
“It’s an extremely wealthy demographic that is going out and wants to spend money on equipment, on golf balls, on apparel,” Badenhausen explains.
Forbes says Woods has racked up $125 million in prize money and some $890 million from endorsements.
Nike is by far his biggest sponsor, paying Woods more than $30 million dollars a year.
“He makes more than $100 million a year,” Badenhausen points out. “The next wealthiest athletes make in the neighborhood of $40, $45 million a year.” source
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[...] News Sources wrote an interesting post today onHere’s a quick excerptTiger Woods is a bad man. He is the first athlete to make a billion dollars in career earnings and he’s still got plenty of time to add to the total. Woods is or has been in ad campaigns for cars, golf clubs, even razors. He is, observes Brown, “a walking, talking money-making machine. You might as well call him ‘Tiger, Inc.’” “Tiger’s earnings power is really unprecedented,” Forbes writer Kurt Badenhausen told CBS News Correspondent Terrell Brown. Since bursting onto the PGA tour in 1996, Wood [...]