Tiger Woods just swung and hit his most accurate proverbial hole-in-one. The veteran golf player has reportedly joined the ranks of the country’s top earners by becoming a billionaire.
The 82-time PGA Tour winner continues to prove what resilience looks like. Despite some challenges in his recent past, Woods continues to dominate on and off the golf course.
Beyond The Golf Course
Forbes reports that the golfer was able to reach the billionaire status through his salary, endorsement deals, and other investment income throughout his 27-year career. With an estimated net worth of about at least $1 billion, he is now one of three athletes to attain the 10-figure status.
Other athletes in the billionaire boys club are LeBron James and Michael Jordan. AfroTech previously reported that LeBron James is the only active NBA player to reach the billionaire status.
According to Forbes’ research, roughly less than 10 percent of the golfer’s earnings come from his sport’s salary. What likely led Woods to billionaire status are his sponsorship and endorsement deals with Nike, Gatorade, Monster Energy, and TaylorMade.
Like James and Jordan, Woods has established himself as more than an athlete. Woods is also an owner and course designer with TGR Live, TGR Ventures, and TGR Design as a part of his entrepreneurial portfolio.
An Evolving Portfolio
In terms of investment strategies, Woods recently invested in a luxury minigolf company, PopStroke. The athleisure activity organization has locations throughout Florida.
Last year, AfroTech reported a “massive” deal with the video game franchise, PGA Tour 2K. The video game has yet to be released.
On the other end of the digital space, Woods also released 10,000 NFTs through Autograph — a non-fungible token (NFT) platform co-founded by Super Bowl champion Tom Brady.