Tiger Woods on Forbes' List of Richest Entrepreneurs Under 40
He might be struggling inside the ropes, but it's still good to be Tiger Woods.
Forbes released its inaugural America's Richest Entrepreneurs Under 40 List, and Woods ranked No. 26 with an estimated net worth of $700 million.
Woods, who won't be on the list again since he’ll turn 40 on Dec. 30, is the only athlete in the top 40.
According to Forbes' breakdown, Woods has earned $1.35 billion since he turned professional in 1996, and less than 10 percent of that came from prize money.
"The bulk of Woods' fortune was generated from endorsements with the likes of Accenture, AT&T, Buick, Nike and Gatorade," Forbes writes. "All of those companies have left Woods, but Nike, who has stuck by the 14-time majors winner and pays him more than $20 million a year. Nike built a $711 million-in-sales golf division on the back of Woods. Other current partners include Hero MotoCorp, Kowa, MusclePharm, Rolex and Upper Deck.”
Tied at 26th with Woods on the list are Matt Cohler (Facebook, Benchmark) and Palmer Luckey (Oculus). Facebook founder Mark Zuckerberg, 31, tops the list with a net worth of $47.1 billion.
Woods announced last month that he had follow-up back procedure to relieve discomfort following his second microdiscectomy surgery in September. It’s unknown when he’ll return to competition.