Tiger Woods Billionaire!

Tiger Woods will by 2010 be the world’s first billionaire who made his money solely from sports, says a new report by Forbes Magazine.
But the report is very problematic.
Forbes claims that most of Wood’s lifetime earnings was not from actual sporting events that he won but from business deals off the green, namely endorsements.
Woods reportedly has earned 750 million dollars in endorsement deals already.
Woods is 32 years old and is close to breaking Jack Nicklaus’ record of 18 major championship wins. (He currently is at 14 major championship wins). Woods earned 115 million dollars in 2007.
Who was second? David Beckham at 65 million dollars.
Big congrats to Tiger!
“It will be an unprecedented occurrence,” the magazine said. “There are plenty of billionaires who have excelled at sports like Switzerland’s richest man and champion sailor Ernesto Bertarelli. But there are no billionaires who accumulated their fortune by playing sports.”













Post a comment