Tiger Woods Casually Rejects Saudi's 1 Trillion Won Offer... Net Worth Surpasses 2 Trillion Won

Third Athlete to Surpass $1 Billion in Assets
Rejects $1 Billion Saudi LIV Golf Offer...Stays Loyal to PGA

[Image source=AP Yonhap News]

[Asia Economy Reporter Hyunwoo Lee] Tiger Woods, known as the 'Golf Emperor,' has reportedly become the third athlete worldwide to surpass a net worth of 1 trillion KRW. Recently, he made headlines by rejecting an offer exceeding 1 trillion KRW to participate in LIV Golf, hosted by Saudi Arabia, and declaring his intention to remain on the PGA Tour.

According to the American financial media Forbes on the 12th (local time), Tiger Woods' net worth is estimated at $1.7 billion (approximately 2.176 trillion KRW). He became the third athlete with assets exceeding $1 billion, following Michael Jordan, known as the basketball emperor, and LeBron James, also a world-renowned basketball player.

The reason he was able to turn down the huge participation offer from LIV Golf, sponsored by Saudi Arabia's Public Investment Fund (PIF), is presumed to be his enormous wealth. Earlier, LIV Golf reportedly offered Woods $1 billion to participate, but Woods declined and declared he would stay on the PGA Tour, which became a hot topic.

According to Forbes, the prize money Woods earned from golf victories accounts for less than 10% of his total assets. The total prize money Woods has earned on the PGA Tour is about $120.89 million (approximately 154.7 billion KRW). Since his car rollover accident in February 2021, he has participated twice in the PGA Tour despite injuries, and during this period, he reportedly earned $68 million (approximately 87 billion KRW). Woods has recorded 82 wins on the PGA Tour, including 15 major championships.

Most of Woods' assets are known to come from advertising and sponsorships linked to him. Major companies sponsoring Woods include Gatorade, Monster Energy, TaylorMade, Rolex, and Nike.

Meanwhile, the issue of LIV Golf participation has sparked significant controversy in the global golf community. LIV aggressively encouraged players to join by offering prize money exceeding 100 million KRW even for last place, causing friction with the PGA, which faced the risk of losing players. In response, the PGA announced on the 9th, almost simultaneously with the start of the first LIV tournament, suspensions from PGA participation for 17 players who took part in the event.

This content was produced with the assistance of AI translation services.