20 Nov 2015

Tiger remains on rich list

10:35 am on 20 November 2015

He hasn't won a golf major in seven years, but that hasn't put the brakes entirely on Tiger Woods' bank account.

Tiger Woods

Tiger Woods Photo: PHOTOSPORT

The struggling former world number one, who has claimed just one top-10 finish in the past two years, still has a net worth of just over a billion dollars, according to Forbes.

The 39-year-old ranked 26 on the magazine's list of the top 40 richest entrepreneurs under the age of 40, and was the only athlete on the list.

Woods has earned 2 billion dollars since turning pro in 1996, but only around 10 per cent of that money has been made from winnings in his illustrious golf career.

His money was made largely from endorsements, despite being dropped by Accenture, AT&T, Buick and Gatorade after a string of off-course dramas.

Nike, who built a 1.1 billion dollar-in-sales golf division on the back of Woods, is one of a few companies to remain loyal to Woods and they pay him 30 million a year.

Nowadays, Woods has looked to supplement those losses by the opening of his own personally designed golf course in Mexico, while he is also funded by the PGA Tour's lucrative retirement plan.

The 14-time major winner also remains the second highest earning golfer in the world behind Phil Mickelson, claiming 77 million dollars in 2015, down on the 175 million he pocketed in 2008.

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