Tiger Woods is now a billionaire — here's how he spends his money and lives his life

·8-min read
Tiger Woods is now a billionaire — here's how he spends his money and lives his life
Tiger Woods waves to the crowd.
Tiger Woods keeps dropping hints that he will play.Kevin C. Cox/Getty Images
  • Woods' career once looked over, but he made a stunning comeback by winning the Masters a fifth time.

  • He's one of the highest-paid athletes ever and, according to Forbes, is now a billionaire.

  • Woods spends his money on yachts, private jets, and megamansions off the course.

Tony Manfred and Mary Hanbury contributed reporting to a previous version of this article.

Tiger Woods has made more than $1.4 billion since turning pro in 1996.

Tiger Woods
David Cannon/Getty Images

Source: Golf Digest and Forbes

More than $122 million of that came from on-course winnings. He's No. 1 on the all-time money list, by far.

Tiger Woods
Andrew Redington/Getty Images

Read more: The 30 highest-paid golfers of all time

He won $4.6 million at the Tour Championship alone — $1.6 million for winning the tournament and $3 million for his second-place finish in the FedEx Cup — one of his biggest paydays ever in golf.

Tiger Woods
Tim Bradbury/Getty Images

Roger Federer recently passed Woods as the highest-paid athlete ever from a nonteam sport.

Roger Federer and Tiger Woods
Andrew Redington/Getty Images

Read more: Roger Federer has overtaken Tiger Woods as the top moneymaker in individual sports with $110.2 million in earnings

According to Forbes, Woods is now a billionaire. He's one of only two athletes to achieve the status while still active, alongside LeBron James.

Tiger Woods and Arnold Palmer
David Cannon/Getty Images

Source: Forbes

But the real money comes from off the course. At his peak in the late 2000s, Woods made $100 million annually off the course, Forbes reported. In 2020, Woods raked in $60 million in endorsements.

Tiger Woods
YouTube

Woods has hit 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.

Tiger Woods car
Getty Images

Source: Yahoo Sports

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.

Rachel Uchitel
Frazer Harrison/Getty Images

Many of Woods' endorsement partners dropped him over the controversy, including AT&T, Gatorade, Gillette, Golf Digest, and Tag Heuer.

Tiger Woods
Chris O'Meara/AP

His biggest partner, Nike, stuck with him.

Tiger Woods Nike
Nike

His caddie, Joe LaCava, also refused to abandon him.

Tiger Woods and his caddie
Gregory Shamus/Getty Images

Read more: At Tiger Woods' lowest point, his caddie refused to take another job, and Woods rewarded him by continuing to pay him

Woods has been with Nike since he turned pro in 1996. In 2013, he signed a $200 million deal with the brand.

Tiger Woods
Richard Heathcote/Getty Images

Source: ESPNABC, Insider

His divorce settlement cost him $100 million in 2010, Forbes reported.

Tiger Woods
Elsa/Getty Images

Source: Forbes

His golf career then 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 since 2013.

Tiger Woods
Stephen Dunn/Getty Images

Source: Time

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 drugs in his system at the time of the arrest.

Tiger Woods mugshot
Twitter/Golf_Com

Source: InsiderThe New York Times

But Woods continues to live a lavish lifestyle. After the divorce settlement, there were reports that he considered selling his 155-foot megayacht, Privacy, for $25 million. The boat was not sold, however, and Woods now docks it in North Palm Beach, Florida.

Tiger Woods Yacht
AP

Source: The Wall Street Journal

He stayed on the yacht on Long Island during the 2018 US Open at Shinnecock Hills.

Tiger Woods Yacht
AP Images

Read more: Tiger Woods has reportedly docked his $20 million, 155-foot yacht in the Hamptons — and he apparently plans to stay there during the US Open

Woods owns a 10-acre property in Jupiter, Florida, which was built from scratch just for him for $55 million.

Tiger Woods house
Courtesy of Jeff Realty

Source: Palm Beach Post

It has a pitch-and-putt golf course, as well as a private dock.

Tiger Woods house
Google Maps

Source: Palm Beach Post

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.

Tiger Woods
AP

Source: Insider

He loves spearfishing so much that he once called in sick to a tune-up tournament before the Open Championship so he could spend time catching fish.

Tiger Woods
Don Zurbrick

Read more: A crazy story about Tiger Woods shows that he was never as obsessed with golfing greatness as everybody thought

Woods is a die-hard Oakland Raiders fan. He tries to find time to support the silver and black whenever he can.

Tiger Woods
Twitter/Tiger Woods

He even has a Raiders-themed pool table in his house.

Tiger Woods
Twitter/Tiger Woods

In his office, he still has the check from his first career win, at the Las Vegas Invitational in 1997.

Tiger Woods
Golf Digest

Even though Woods has 82 career wins, his trophy case at home has only four shelves, one for each of the majors and the 15 trophies he has won in those events.

Tiger Woods
R&A via Getty Images

Source: Golf Digest

He has two border collies, Lola and Bugs.

Tiger Woods
Golf Digest

They keep him company when he's on the practice putting green in his backyard. They have even been trained to fetch the golf balls.

Tiger Woods
Golf Digest

While most golfers have a simulator at home, Tiger also has a putting simulator. The breaks can be adjusted with a touch screen, and it even traces lines to show the best line.

Tiger Woods
Golf Digest

The 82-time PGA Tour-event winner is a fan of the Los Angeles Dodgers. He turned out for multiple games during the 2017 World Series.

Tiger Woods
Instagram/Tiger Woods

Woods likes tennis as well. He is good friends with Rafael Nadal and has sat in his box for a number of matches.

Tiger Woods
mpi04/MediaPunch/IPx

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."

Tiger Woods
Abbie Parr/Getty Images

Read more: Tiger Woods is jacked now, and it could be hurting his golf game

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."

Tiger Woods
Jamie Squire/Getty Images

Read more: An interesting theory explains why Tiger Woods keeps getting hurt

"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?'"

Tiger Woods and Rory McIlroy
Jamie Squire/Getty

Read more: Rory McIlroy says Tiger Woods texts him in the middle of the night from the gym because he can't sleep

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.

Tiger Woods
Youtube/The Late Show

Read more: Tiger Woods told Stephen Colbert a great story about how playing 'Call of Duty' 8 hours a day humbled him

He even has his own restaurant, 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," its website says.

Tiger Woods
Facebook/The Woods Jupiter

Source: The Woods Jupiter

When he isn't at home in Jupiter, Woods likes to bring a little bit of it with him. The ESPN columnist Rick Reilly said in 2013 the golfer was rumored to replace all the furniture in the houses he rented during tournaments with his own, even if he was there for only a few days.

Tiger Woods
Francois Nel/Getty Images

Source: ESPN

He likes to travel in style and owns a Gulfstream G550 private jet, worth about $54 million. But in 2017, for the first time in 10 years, Woods took a commercial flight, from Los Angeles to Dubai, United Arab Emirates.

Tiger Woods Plane
Benjamin Zhang/Business Insider

Source: Architectural DigestGolfweek

But Woods has been accused of being cheap. According to one story, 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.

Tiger Woods
Harry How/Getty Images

Read more: Tiger Woods once baffled and irritated a group of Navy SEALs when he didn't pick up the check for lunch

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.

Tiger Woods
Logan Mock-Bunting/Getty Images

Source: PGA

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.

Tiger Woods
Twitter/Tiger Woods

Woods doesn't rely on only 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.

Tiger Woods
Facebook/TGR Ventures

Source: USA Today

And in 2020, he partnered with PopStroke to design miniature-golf courses.

Tiger Woods PopStroke
PopStroke

When Nike got out of the equipment business, Woods signed in 2016 with Bridgestone to use its golf balls.

Tiger Woods
Bridgestone Golf

Read more: Tiger Woods announces his first major equipment endorsement deal since Nike stopped making golf equipment

He also signed in 2019 with TaylorMade for its golf clubs. They released his first set of signature irons, which go for $2,000.

Tiger Woods
via TaylorMade

Read more: Tiger Woods' new TaylorMade clubs are now available for $2,000 after it took 'hundreds of hours' and numerous prototypes to build the originals

Woods was heavily involved in the design of the clubs, with TaylorMade spending "hundreds of hours" on testing and building several prototypes until it got them just right for Woods.

Tiger Woods
via TaylorMade

Read more: Tiger Woods' new TaylorMade clubs are now available for $2,000 after it took 'hundreds of hours' and numerous prototypes to build the originals

He's even partnered with President Donald Trump. At the end of 2016, the two played at the Trump International Golf Club in West Palm Beach, Florida. "What most impressed me was how far he hits the ball at 70 years old," Woods told CNN of Trump.

Tiger Woods and Donald Trump
Julio Cortez/AP

Woods has also played with Barack Obama, George W. Bush, and Bill Clinton.

Source: CNN

Trump awarded Woods with the Presidential Medal of Freedom in 2019.

Tiger Woods and Donald Trump
Clodagh Kilcoyne/Reuters

Read more: Trump says he will be awarding Tiger Woods the Presidential Medal of Freedom after win at the Masters

While Woods is mum about his private life, details have been gleaned. He spent a lot of time with Erica Herman at the Presidents Cup in 2017. She was the general manager for Woods' restaurant.

Tiger Woods Girlfriend
Rob Carr/Getty Images

Read more: Everything you need to know about Erica Herman, the former restaurant manager dating Tiger Woods

And she was at the Tour Championship and greeted Woods after his win in 2020.

Tiger Woods
PGA Tour

That was Woods' first public relationship since Lindsey Vonn. In 2017, someone hacked them and distributed nude photos of the couple.

Tiger Woods and Lindsey Vonn
Evan Agostini/Invision/AP

Read more: Lawyer for Tiger Woods and Lindsey Vonn vows to pursue legal action 'swiftly and vigorously' against sites publishing their hacked nude photos

We will likely never see Woods play full time again, but he is likely to still shoot for wins in the majors.

Tiger Woods
Augusta National via Getty Images

Read the original article on Insider