Tiger Woods Is First Golfer to Top $100 Million in Winnings

by Angela Nazworth | September 4, 2012 9:51 am

Tiger Woods Is First Golfer to Top $100 Million in Winnings

Tiger Woods 300x287 Tiger Woods Is First Golfer to Top $100 Million in Winnings [1]Golfing legend Tiger Woods’ third-place finish in Monday’s Deutsche Bank Championship brought his career-total winnings to more than $100 million. He’s the first PGA member to accomplish that feat.

The Deutsche Bank Championship is one of four tournaments played in the FedEx Cup playoff.

Woods, who has finished first in 74 tournaments, earned $544,000 on Monday, bringing his PGA prize money winnings to $100,350,700, The Associated Press reports[2]. The amount excludes bonuses –  like the $10 million FedEx Cup bonus he could take from the tournament — and lucrative endorsement deals with companies such as Nike (NYSE:NKE[3]) and Rolex.

“The purse increase helps,” Woods told the AP. “I won fewer tournaments than Sam Snead has, but obviously he was in a different era. It’s just that we happened to time it up right and happened to play well when the purses really had a nice spike up.”

Woods is part of the reason why golf purses experienced such sweet spikes, since the PGA Tour brought in more fans and money after Tiger entered the scene in 1996.

“It was nice to have a nice start to my career, and I won some majors early,” Woods said. “I think we got some interest in the game of golf. A lot more youth, that’s for sure.”

Woods finished two strokes behind the tournaments’ winner, Rory McIlroy.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/09/Tiger-Woods.jpg
  2. The Associated Press reports: http://blog.syracuse.com/sports/2012/09/tiger_woods_becomes_the_first.html
  3. NKE: http://studio-5.financialcontent.com/investplace/quote?Symbol=NKE

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