Woods surpasses $1.3 billion in earnings

Ask Arnold Palmer, ask Jack Nicklaus, and Tiger Woods would probably confirm it.

And that is that there is a lot more money to be made “off-course” these days then there is on the course.

Tiger Woods Tiger Woods

That’s if you can play the game or have played the game at the most elite of levels, that is.

These greats of the game are still among the highest earners in golf – thanks to their off-course earnings.

And it’s no surprise that Tiger Woods leads the way, earning an estimated $31 million than any other golfer in 2013.

Sure, Woods won five times on the US PGA Tour but those wins were only worth a cool $12m.

The world’s number one player made another $71m off the course through things like endorsements, sponsorships and advertisements.

Latest figures showed Woods’ $83m total topped the list ahead of Phil Mickelson ($52m), Arnold Palmer ($40m), Jack Nicklaus ($26m), Henrik Stenson ($19m) and Rory McIlroy ($18m).

Which brings to mind this question: How much money will Tiger be making in 30 years time, when he is in his late 60s and into his early 70s – as Nicklaus is now.

Woods already has earned more than $1.3 billion, of which about $1.16 billion has come from endorsements.

Almost five years ago Woods became the first athlete to reach $1 billion in earnings. Reports suggest that if he can stay healthy, the 38-year-old Woods can pass the $1.5 billion in earnings by the time he turns 40.