Tiger Woods' Troubles Will Cost Him Billionaire Status

by Jared Paul Stern (RSS feed)
Dec 11th 2009 at 6:01PM

Back in 2008 we reported that Tiger Woods was set to become the world's first billionaire athlete, with earnings on target to cross the billion-dollar mark, which they did in October. In order for his net worth to follow suit however, he would need to continue the momentum for at least another year, given the taxes and management fees he has to pay, to be considered a bona fide billionaire. Now in the wake of his fateful car crash and ongoing mistress revelations, along with the looming prospect of one of the most expensive sports divorce settlements ever and now news of his lucrative advertising revenue stream drying up, it seems Woods may never reach that goal. The golfer's $110 million in annual income from endorsements and tournaments, as estimated by Forbes magazine, hinges on his standing with consumers, which is currently at an all-time low. Sorry, Tiger, looks like you'll have to be content as a mere multimillionaire several times over - at least until that divorce goes through. For God's sake please don't end up like Lenny Dykstra.

Tags: athlete, billionaire, divorce, golf, Tiger Woods, TigerWoods