Within the last month, we’ve witnessed two of sport’s biggest contributors and stars become billionaires. Future HOF golfer Tiger Woods has recently joined the small group of athletes to accomplish this feat. Earlier this month, Los Angeles Lakers SF LeBron James also became a billionaire only goes to show you how the game is changing. In the Black community, these gentlemen are so rare to come by; however, it shows that the goal is possible to reach. These gentlemen both changed their respective games forever. While also proving to be a beacon of hope for young Black athletes around the world.
“[He’s] been extremely skillful in taking parts of businesses, in creating their own business, in ways that athletes before them just weren’t,” sports agent Leigh Steinberg told Forbes .
A huge milestone for Tiger 💰 pic.twitter.com/wGgufFDHk2
— SportsCenter (@SportsCenter) June 10, 2022
Tiger Wood’s sponsorship deals have helped him surpass $1 billion, reported Forbes . His relationships with Nike, Gatorade, Monster Energy, TaylorMade, and Rolex. The only other known billionaire athletes are Michael Jordan and LeBron James. In fact, Jordan was the first Black billionaire athlete. In his 27-year career, he earned $1.7 billion as a collective of salary, endorsements, and other statures of income. However, many would-be surprising majorities of his money have not come from the game of golf. In fact, it’s been primarily in sponsorships.
“He hit the right time in the right sport, being an athlete with a diverse background who was approachable,” veteran sports business consultant Joe Favorito explained to Forbes . “Brands love knowing they’re getting someone they can embrace. Not just by the traditional but also by the casual fans.”
Tiger Woods Choosing to Prioritize His Body and Mind
Ironically, this news surfaced a few days after he announced he was withdrawing from the upcoming US Open. Tiger Woods recently tweeted and appears to be resting and preparing for the following tournament (British Open).
“I previously informed the USGA that I will not be competing in the @usopengolf as my body needs more time to get stronger for major championship golf,” he wrote on Twitter. “I do hope and plan to be ready to play in Ireland at @JPProAm and at @TheOpen next month. I’m excited to get back out there soon!”
I previously informed the USGA that I will not be competing in the @usopengolf as my body needs more time to get stronger for major championship golf. I do hope and plan to be ready to play in Ireland at @JPProAm and at @TheOpen next month. I’m excited to get back out there soon!
— Tiger Woods (@TigerWoods) June 7, 2022
Tiger Wood’s legacy is far from over, however, becoming a billionaire only further cements it.