Woods still earning millions

Tiger Woods may be struggling on the golf course, but his bank account is still worth a tidy $700 million, according to Forbes.

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

The struggling former world No.1, who has claimed just one top-10 finish in the past two years, still has a net worth of $700 million, 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 $1.35 billion 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 $711 million-in-sales golf division on the back of Woods, is one of a few companies to remain loyal to Woods and they pay him $20 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 $50.6 million in 2015, down on the $115 million he pocketed in 2008.


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Source: AAP


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