Tiger Woods Net Worth 2022 (Forbes) – Salary, Income, Earnings

Tiger Woods Net Worth 

Tiger Woods has an estimated net worth of $800 million. Tiger Woods is a professional golfer who set an amazing career in motion in 1997, when he became the youngest man and the first African American to win the U.S. Masters. He earns most of his income from his career as a golfer and brand endorsements. 

Tiger Woods, a professional golfer, won the US Masters at Augusta National in 1997 with a record score, making him the youngest man and the first African American to do so. Over the next 12 years, Woods won 13 more majors and was named PGA Player of the Year ten times, but he struggled to regain his top form after personal problems surfaced in 2009. Woods won his first major title in nearly 11 years with his victory at the 2019 Masters, and he went on to tie Sam Snead’s career record of 82 PGA Tour victories later that year.

To calculate the net worth of Tiger Woods, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Tiger Woods
Net Worth: $800 Million
Monthly Salary: $3 Million
Annual Income: $50 Million
Source of Wealth: Golfer, Athlete, Writer

Early Life

Tiger Woods, born Eldrick Tont Woods on December 30, 1975, in Cypress, California, was the only child of an African American Army officer father and a Thai mother. When Woods was a child, his father started calling him “Tiger” after a fellow soldier and friend with the same name.

Woods began playing golf as a child. Earl, his father, was his teacher and mentor. Woods had become an expert at the game by the age of eight, even performing on television shows such as Good Morning America.

Golf Prodigy

Before turning professional in 1996, Woods attended Stanford University and won a number of amateur US golf titles. He rose to prominence after winning the US Masters at Augusta National in 1997, at the age of 21, with a record score of 270. Woods was the youngest person to hold the title and the first African American to do so.

Later that year, in his first appearance at the British Open, Woods tied the course record of 64. The following years saw even more success, including four US PGA titles, three US Open victories, three Open Championship victories, and three US Masters victories.

Among Woods’ five victories in 2003 were the Buick Invitational and the Western Open. The following year, Woods only won one official PGA Tour championship. While he had some difficulties on the course, his personal life was going swimmingly. In October 2004, Woods married his longtime girlfriend, Swedish model Elin Nordegren.

He returned to dominate the sport in 2005, winning six championships and being named PGA Tour Player of the Year for the seventh time in nine years.

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Death of Woods’ Father

Woods suffered a significant personal loss in 2006, when his father died in May of prostate cancer. “My dad was my best friend and greatest role model, and I will miss him deeply,” Woods said on his website at the time.

Despite his loss, Woods returned to the game and won several tournaments, including the PGA Championship and the British Open.

Birth of Daughter, More Championship Wins

The following season was marked by numerous personal and professional victories. On June 18, 2007, his wife gave birth to the couple’s first child, Sam Alexis Woods. In August 2007, he won the World Golf Championship and the PGA Championship after taking some time off to welcome his daughter.

Woods’ winning streak continued the following month, when he won the BMW Championship and the Tour Championship. He was named Player of the Year by the other PGA Tour players and received his eighth Arnold Palmer Award for being the top money earner.

Woods won the US Open in a 19-hole playoff on June 16, 2008, overcoming sporadic pain in his left knee from arthroscopic surgery on April 15. Woods hit a par 4 on the first and only sudden death hole, while American Rocco Mediate, 45, made a bogey.

The sudden death match at Torrey Pines in San Diego came after an 18-hole playoff in which both players finished at par. After the first ten holes of that playoff, Woods led Mediate by three shots. Mediate took the lead after birdying three of the next five holes. However, Woods birdied the final hole while Mediate shot par, forcing a sudden death playoff.

“This is probably the best I’ve ever seen,” Woods said. “To be honest, I’m not sure how I ended up in this position, all things considered.” The victory gave Woods his third U.S. Open title and 14th major title, just four short of Jack Nicklaus’ all-time record.

Injury and Birth of Son

Woods announced two days later that he would miss the rest of the season due to additional reconstructive surgery on his left knee. He also revealed that he had a double stress fracture in his left tibia two weeks before the US Open, despite doctors’ advice to rest for six weeks.

On September 2, 2008, Woods and his wife announced that they were expecting their second child in late winter. “Elin is feeling fantastic, and we are both overjoyed,” Woods wrote on his website. “While my injury has been disappointing and frustrating, it has given me the opportunity to spend a significant amount of time watching Sam grow. I can’t express how rewarding it is to be a father and spend time with her and Elin.” Charlie Axel Woods, the couple’s first child, was born on February 8, 2009.

Woods returned to the putting green on February 25, 2009, in Tucson, Arizona, for the Accenture Match Play Championship. Woods lost 4 to 2 to South African golfer Tim Clark in his first tournament since his injury. Woods returned to the US Open in June 2009. Woods quickly fell out of contention for the win after shooting four-over-par in the first round.

Despite the fact that Woods’ comeback had not gone as well as he had hoped, he remained No. 1 in the world golf rankings and the leader in Top 10 finishes overall. However, after losing the PGA Championship to Yang Yong-eun, Woods finished the year without a single major victory, the first time since 2004.

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Marital and Infidelity Issues

While his life on the green appeared to be in disarray, his personal life was in even worse shape. Reports surfaced in late November about a tryst between Woods and nightclub manager Rachel Uchitel. Despite photographic evidence to the contrary, both parties denied any relationship.

As the story gained traction, media outlets reported on November 27 that Woods had collided with a fire hydrant outside his home at 2:30 a.m. According to reports, Woods’ wife used a golf club to break the back window of the golfer’s SUV in order to get him out of the locked vehicle. The golfer’s injuries were minor, and he was soon released.

The accident raised eyebrows among fans and the media, who demanded a statement from Woods right away. However, the golfer remained silent on the matter and mysteriously withdrew from his charity golf tournament, the Chevron World Challenge. He then stated that he would not be participating in any other tournaments in 2009.

Reports of other Woods mistresses increased as the silence grew. On December 2, 2009, Woods apologized to his fans and family for unspecified “transgressions.” However, as the number of mistresses grew to more than a dozen, and with phone evidence to back up many claims, Woods was unable to quell media inquiries into his life.

Woods was said to have offered his wife a prenuptial agreement renegotiation in order to compel her to stay with him, but reports soon surfaced that Nordgren had purchased a home in Sweden with her sister. The former model was then photographed without her wedding ring.

Hiatus and Return

On December 11, 2009, Woods apologized to fans once more, this time admitting infidelity. He then announced that he would be taking a break from golf to care for his family. Several days later, he was dropped by the management firm Accenture and suspended from his Gillette endorsement. Other companies, such as Nike, Tag Heuer, and EA Sports, have continued to support Woods.

Woods returned to the golf course in April 2010, but he was not at the top of his game. His first competition was at the 2010 Masters Tournament in Augusta, Georgia, where he finished fourth. Woods withdrew from the Players Championship during the fourth round on May 9, after missing the cut for the Quail Hollow Championship due to a neck injury. Woods returned to golf four weeks later at the Memorial Tournament, but he had his worst performance since 2002. Woods finished in a tie for fourth place at the 2010 US Open.

Divorce

Woods’ personal life appeared to be deteriorating as news of a possible divorce settlement hit the media. In exchange for his wife’s permanent silence on Woods’ philandering, the rumored $750 million settlement allegedly included properties in Sweden and the family home in California for Nordegren. Nordegren was also said to have full physical custody of their three-year-old daughter and one-year-old son, and Woods agreed not to introduce his children to a new woman unless he married her.

After years of turmoil, Woods’ golf game finally clicked in 2012. In March, he won the Arnold Palmer Invitational, his first PGA Tour victory since 2009. That summer, he won the AT&T National to surpass Nicklaus’ career victory total of 74, leaving him eight behind Sam Snead’s record of 82.

Relationship With Lindsey Vonn

Woods, 37, confirmed to media outlets in March 2013 that he was dating 28-year-old Lindsey Vonn, a professional alpine ski racer from Minnesota and four-time World Cup winner. Vonn was previously married to Thomas Vonn, a former ski racer; the couple divorced in January 2012 after four years of marriage in 2011.

Woods had a successful season in 2013. He was named PGA Tour Player of the Year for the 11th time after winning five tournaments, including the Arnold Palmer Invitational, Farmers Insurance Open, and Players Championship.

However, just as Woods appeared poised to break Jack Nicklaus’ record of 18 major titles, injuries flared up to derail his performance. After undergoing back surgery in March 2014, the golfer struggled to return to competitive play.

He competed in two early tournaments the following year before taking a break to heal a sore back and work on his game. Woods returned in time to play in the Masters in April, finishing on 5-under par to tie for 17th place. A few weeks later, he announced the end of his relationship with Vonn, citing their “hectic” schedules as the reason for their inability to spend time together.

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Arrest and Apology

The golfing legend’s professional and personal life continued to have ups and downs. He sustained back injuries over the years and had his fourth back surgery in April 2017. A month later, police discovered Woods sleeping in his car on the side of the road near his Florida home, which was running and had its brake lights and blinkers activated.

He was arrested on suspicion of driving under the influence, but a breath alcohol test revealed that he had no alcohol in his system. Woods stated in a statement that he had “an unexpected reaction to prescribed medications.” He also thanked the officers for their professionalism and apologized.

“I would like to apologize from the bottom of my heart to my family, friends, and fans,” he said in a statement. “I, too, expect more from myself.”

Woods reportedly checked into a clinic in June 2017 to get professional help managing his medication intake for pain and a sleep disorder. In late October, he pleaded guilty to reckless driving for the May incident and agreed to enter a program for first-time offenders to avoid a DUI conviction.

Regaining His Stride

On October 30, Woods made headlines once more for professional reasons, announcing his return to competitive golf for the start of his personal tournament, the Hero World Challenge, at the end of November. Around the same time, he confirmed his relationship with restaurant manager Erica Herman.

The veteran golfer’s game finally clicked into place again in 2018. After tying for second place at the Valspar Championship, his best finish since 2013, he got off to a fast start at the Arnold Palmer Invitational, opening with a 4-under 68 and finishing in a tie for fifth. Woods re-entered the world golf rankings after another strong performance at the British Open in July.

The rumored one-on-one match between Woods and Phil Mickelson was formally scheduled for Thanksgiving weekend in August. Woods lost the $9 million, winner-take-all match to his longtime rival, but he provided the day’s highlight with a 22-foot chip shot on the par-3 17th hole.

The golfer’s strong play continued the following year, with a 10th-place finish at the WGC-Mexico Championship in February putting him on the verge of breaking back into the Top 10.

2019 Masters Win and Presidential Medal of Freedom

Woods won his first major championship in nearly 11 years on April 14, 2019, with a final-round 2-under 70 at the Masters. It was his fifth Masters victory and 15th major title of his career, reviving his chances of breaking Jack Nicklaus’ record of 18.

On May 6, Woods was awarded the Presidential Medal of Freedom by Donald Trump, who praised the golfer’s ability to overcome adversity and his “unwavering will to win, win, win.”

“This has been an incredible experience,” Woods said to a crowd of family and supporters. “You’ve seen the good and bad, the highs and lows, and I wouldn’t be in this position without your assistance.”

Woods and his girlfriend, Erica Herman, were named in a wrongful death lawsuit filed by the parents of a former bartender at The Woods Jupiter restaurant in Florida one week later. According to the lawsuit, the bartender was served drinks well past the point of intoxication by fellow employees, resulting in a fatal drunk-driving accident in late 2018. Woods was removed from the lawsuit in June, and Herman was removed in September.

Tying Snead with Win No. 82

Following another knee surgery in August 2019, Woods returned to the course in October, shooting a first-round 64 at the inaugural Zozo Championship in Chiba, Japan. He matched that performance the next day, showing vintage form as he gave the competition few chances to catch up, and roared away to a three-stroke victory over Hideki Matsuyama for his 82nd career PGA title, tying Snead’s 54-year-old record.

With his back problems resurfacing, Woods used the coronavirus-related PGA Tour shutdown to schedule back surgery for April 2020. His body recovered well enough for him to defeat Mickelson in their “Champions for Charity” rematch the following month, with NFL legends Peyton Manning and Tom Brady on hand to add some levity with errant shots and good-natured banter.

Car Accident

On February 23, 2021, Woods was hospitalized after being involved in a “single vehicle roll-over traffic collision” in Los Angeles County, California. According to the Los Angeles Sheriff’s Department, “Mr. Woods was extricated from the wreck with the ‘jaws of life’ by Los Angeles County firefighters and paramedics, then transported to a local hospital by ambulance for his injuries.” They later clarified that an ax and pry were used to assist in removing Woods from the vehicle.

According to Anish Mahajan, MD, chief medical officer at Harbor-UCLA Medical Center, Woods “suffered significant orthopedic injuries to his right lower extremity that were treated during emergency surgery by Orthopedic trauma specialists at Harbor-UCLA Medical Center.”

Further Reading

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