Tiger Woods' sponsors lose $5billion-$12 billion in just 13 days. Sponsors of golf superstar Tiger Woods have lost around $5 billion-$12 billion since reports of his extramarital affairs broke out, reports PTI.
Woods has only two major sponsors left, that being EA Sports and Nike Golf. His losses were estimated around $34 million. However, with a return to winning will come a return of money.
Shareholders of Nike, Gatorade and other Tiger Woods sponsors lost a collective $5 to $12 billion in the wake of the scandal involving his extramarital affairs, according to a new study by researchers at the University of California, Davis.
Woods paid her $100 million in their divorce settlement
While some reports initially reported that Nordegren's divorce settlement payout from Woods was $750 million, she actually walked away from their marriage with $100 million. It wasn't the outcome she had ultimately wanted, though she saw the benefits.
Tiger Woods' relationship with Rolex began in 1997, when he signed a 5-year, $7 million endorsement deal. The company was one of the first major partners to rejoin his portfolio in 2011 after his infidelity scandal.
It was a five-year agreement, roughly worth $100 million. The third deal was signed in 2006 for seven years, followed by the most recent deal, which is double the size of his second deal. It has been reported that his current Nike contract is $200 million.
Woods won the tournament not just with his TaylorMade three-wood, but with a whole bag full of TaylorMade clubs. Woods signed a sponsorship deal estimated to be worth more than $10 million annually with the San Diego-based company in 2017, a move that was part of a much broader strategic shift at TaylorMade.
According to Forbes, there are 2,640 billionaires in the world, which is down from 2,668 in 2022. JERSEY CITY, N.J. — Athletes Tiger Woods and LeBron James recently made Forbes' 37th annual World's Billionaires list. It was a first for both of them.
Steve Wynn's divorce in 2010 from Elaine; estimated at $1 billion ($1.3 billion inflation adjusted). Harold Hamm's divorce in 2012 from Sue Ann Arnall; estimated at $974.8 million ($1.2 billion inflation adjusted).
Tiger Woods was not only offered a king's ransom to leave the PGA Tour and join LIV Golf, he turned down approximately three-quarters of a billion dollars to do so.
How much is Tiger Woods worth – Is Tiger Woods A Billionaire? The majority of Woods' money has come from sponsorship endorsements. Before Nike signed Tiger in 1996, annual sales from golf were approximately $25M in golf sales.
Woods reportedly said no to an offer worth $1 billion, stating that even a hefty paycheck would not sway him to play in the LIV series. Tiger Woods, who was recently inducted into the World Golf Hall of Fame, was supposed to be the face of the LIV series, which was supposed to rival the American PGA.
Nike stuck with golf superstar Tiger Woods even as other sponsors dumped him in 2009 in the midst of a sex scandal that wrecked his marriage. Nike also supported NBA superstar Kobe Bryant when he faced a sexual assault charge in 2003, which was eventually dropped.
Nike stuck by Woods after AT&T, Gillette, Buick and Accenture dropped him following a series of public humiliations that started in 2009, including his marital infidelities, a stint in a sex-addiction rehab facility and a reckless driving conviction.
Which sponsors dropped Tiger Woods? Tiger Woods lost several sponsorships in the wake of his affairs with other women. Gatorade was one of the first to drop him, followed by AT&T, Accenture and then Gillette.
In Australia's most expensive (and lengthy) high net worth divorce – the case of Strahan v. Strahan – ran from 1994 until it finally settled in 2019. This case spanned 14 years of litigation engaging eight different senior counsel, 16 different law firms and delivering 61 separate judgements.
The Adelaide couple married in 1994. They had a teenager son who is suffering from autism. After the estrangement, both are now before the court for divorce and settlement of the marital estate amounting to almost $110M.
The crude divorce rate (divorces per 1,000 Australian residents) was 2.2 divorces per 1,000 residents in 2021, up from 1.9 in 2020. The total number of divorces granted in 2021 was 56,244, the highest number of divorces recorded since 1976.
Norman originally told Tucker Carlson in an interview taped at LIV Golf's event at Trump Bedminster that Woods' initial offer was “in the neighborhood of $700-800 million” in LIV's early days. “That number was out there before I became CEO, and that number's been out there, yes,” Norman said.
There are 12 new billionaires in the world of sports, and two of them are still active in their sports. LeBron James and Tiger Woods made Forbes' newest list of billionaire sportspeople, becoming the first billionaire athletes while still playing.
Tiger Woods' caddie typically earns a five to 10 percent share of his golfer's earnings, according to Golf Week.
The 15-time major champion is estimated to have earned around $60 million last year, leading to a tax bill of around $65k per day, or $23.5 million per year.
His TaylorMade deal, which he signed in 2017, is said to be worth $10m per year for 10 years. Playing 14 TaylorMade clubs, golf ball and TaylorMade bag, McIlroy also has a Nike contract which was extended in 2017 for 10 years.