Thoughts on life and money

How Much Money Has Tiger Woods Lost?

It has been nine long years since Tiger Woods won his last golf major. When he claimed victory at the 2008 U.S. Open, Woods was at the top of the PGA world at only 32 years old. Fast forward to Thanksgiving night of 2009. His wife, Elin Nordegren, allegedly smashes Woods’ car windshield after finding out about multiple infidelities. The ensuing divorce resulted in a huge dent to Tiger’s wallet. He then lost several sponsorships and has yet to claim another major victory. His fall from grace continued in late March when he was arrested for a DUI. He has since completed a rehab stint for painkiller addictions.

Earlier this week, news broke that nude photos of Woods and ex-girlfriend Lindsey Vonn had been leaked. And Woods has promised to take legal action against the perpetrators. With the 41-year-old already invested in another long and costly legal battle, it’s time to recap how much money Tiger has already lost since that fateful day in 2009.

Tiger Woods' Nike Hat

Nike Is The Highest-Profile Sponsor That Continues To Stand By Tiger Woods

Divorce From Elin Nordegren

Tiger Woods reportedly cheated on his wife with more than 120 women. So, it’s fair to say Elin was in for a big payday during divorce proceedings. At the time, Woods claimed to only have a net worth around $1 billion. Elin’s legal team however, dug through all of Woods’ assets to find more than $1 billion in career earnings. Tiger’s now ex-wife walked away from the case with a reported $750 million. Part of the reason why the payout was the largest ever seen in a celebrity divorce was because Nordegren agreed to never publicly speak about Tiger’s mistresses. Additionally, Woods was not permitted to bring any single women around the couples’ children at any time.

Sponsorship Deals

The ripple effect from Woods’ personal drama carried over to his numerous high-profile sponsorships. AT&T, Gatorade, Buick, Titleist, and American Express are among the companies that dropped Woods after the scandal. One of the first endorsers to cut ties with Woods was Gatorade, costing the golfer millions. In 2010, the sport’s second winningest player ever lost a reported $22 million in sponsorships alone. Even a company like EA Sports that initially stood beside him in the aftermath, eventually severed its relationship with the golfer.

DUI And Golf Decline

Not only has Woods failed to capture a major since 2008, but injuries and declining play forced him to sit out a large chunk of the ensuing PGA seasons. Tiger did not play at all in 2016 as he recovered from multiple back surgeries. The year prior, Woods collected a total of $448,598 in winnings – compare that to the $10.6 million he made in the 2007 season and the sport of golf is hardly impacting his yearly revenue anymore.

His DUI arrest cost him in legal proceedings and the following rehab stint. Nearly 100% of his reported income this year has come in the form of sponsorship deals – $45.5 million. Nike is the most notable company to keep its pact with Woods throughout his constant turmoil. Even after years of upheaval, Woods still currently ranks #4 on a list of richest athletes in the world with an estimated net worth of $740 million.

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