Report: Tiger Woods surpasses $1.3B in earnings

Fitzgerald Cecilio – 4E Sports Reporter

New York, NY, United States (4E Sports) – Golf Digest has reported that world No. 1 Tiger Woods has surpassed $1.3 billion in career earnings, 88 percent of it coming from endorsements since he turned professional in 1996.

According to the magazine’s February report, Woods has earned $1.16 billion from endorsements.

Last year, Woods earned $71 million from endorsement deals and $12 million earned on the golf course. Woods’ $83 million total take was good enough to top Golf Digest’s money list for yet another year.

After earning more than $100 million in endorsements in 2008 and 2009, Woods took a hit when news of his extramarital affairs became public. In 2011, Woods earned just $62 million in endorsement money.

Recently, Woods lost another endorsement deal as Electronic Arts and the top-ranked golfer announced they were parting ways at the end of 2013 after a 15-year relationship.

Rounding out the top five earners in 2013 were Phil Mickelson ($52 million), Arnold Palmer ($40 million), Jack Nicklaus ($26 million) and FedEx Cup winner Henrik Stenson, who earned $19 million on the course but only $2.8 million in endorsements.

Rory McIlroy finished in sixth with $18 million in endorsements and $2.6 million on the course. McIlroy signed a huge Nike deal but finished with only one win, the Australian Open, in 2013.

Golf Digest noted that the $40 million earned by the 84-year-old Palmer represented his greatest financial year, 40 years after his last PGA Tour win.

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