Tiger Woods completed a memorable—and winning—return to golf in 2018, and it was equally successful off the course too, as his net worth rose to $800 million.
Former world number one Woods’ return to competitive golf after almost four years of troublesome injuries and off-course personal problems was capped when he won the Tour Championship in September.
That success helped the 14-time major winner retain his position in the top 10 of the Forbes list of the United States’ wealthiest celebrities as 43-year-old Woods’ net worth was now estimated at $800 million, a $50 million increase from his wealth in the 2017 Forbes list.
Woods was ranked jointly in ninth place in the list (one place lower than a year earlier) along with author James Patterson, with those ahead of the pair including the likes of musician P Diddy, magician David Copperfield, movie director George Lucas and NBA legend Michael Jordan, the only other sports star in the top 10.
In 2018, Woods’ performances on the golf course earned him $5.4 million to take his career prize money earnings to $116 million since he turned professional back in 1996.
But it is Woods’ off-course merchandise and sponsorship deals as well as his portfolio of investments in property and stocks and shares that help him rank so highly with Forbes estimating he has now earned $1.5 billion in the last two decades or so.
He has signed a new deal to partner GolfTV, the new OTT streaming service from Discovery, ahead of the launch of the channel in January and has equipment and sponsorship deals in place with the likes of Nike, TaylorMade, Bridgestone, Monster Energy, Hero MotoCorp and Kowa.
Woods’ golf design business continues to grow year-on-year, he has a pension with the PGA Tour estimated to be worth $20 million now, owns a property worth $50 million in Jupiter Island in Florida, as well as a $20 million yacht, all of which add to his net worth.
The increased net worth caps a dream year for Woods, which saw him bring up win number 80 on the PGA Tour as he won the season-ending Tour Championship at East Lake with a performance reminiscent of the Tiger of old. It was a victory that brought an end to a five-year drought without victory.
Woods had dropped to 1,199 in the world rankings during his time off which included several failed attempts to return from injury. He is now on the fringes of reaching the world’s top 10 once again after a year in which he also finished runner-up in the Valspar Championship and USPGA Championship and threatened to win the Open Championship.
Woods was also named as a deserved wildcard pick in Jim Furyk’s United States Ryder Cup team which was beaten by Europe at Le Golf National in Paris. It wasn’t the perfect ending as Woods struggled in France, but even that defeat couldn’t stop the growth of his net worth in 2018.