Woods’ success off the course has paralleled his success on it. He has earned an estimated $1.5 billion in endorsements over the course of his career and has been a highly sought-after partner for brands like Nike, Rolex, and Bridgestone. Among other commercial endeavors, he has also been involved in golf course design and owns a restaurant.
Despite the fact that Woods is without a doubt the wealthiest golfer of all time, he is not the only golfer to have amassed wealth through the game. Phil Mickelson, who has over $90 million in PGA Tour victories and an estimated $750 million in endorsements, and Greg Norman, who has a net worth of about $400 million as a result of his golfing career and commercial endeavors, are two more noteworthy affluent golfers.
What about the individuals that support these golfers in their endeavors, though? The winnings of their players are often divided among the caddies, who carry the golfers’ bags and provide guidance on the course. Although some caddies have negotiated greater payments with their players, the normal rate is between 5–10%. For instance, Joe LaCava, Woods’ longtime caddie, reportedly receives a salary of about $1 million year.
It is expensive to play a round of golf at Augusta National, the site of the Masters competition. Visitors can play the course using a lottery method, despite the fact that it is renowned for being exclusive and challenging to enter, even for the finest golfers in the world. Although a round of golf at Augusta costs about $375, many people believe the experience is priceless.
Finally, the answer is no when it comes to PGA players paying an admission fee. PGA Tour competitors do not have to pay an entry fee, but they are responsible for their own lodging and travel costs. To participate in some lesser tours or events, however, participants might need to pay an admission fee.
Tiger Woods, who has a net worth of almost $800 million, is the wealthiest golfer of all time. In most cases, caddies receive a share of their players’ profits and have the power to demand higher fees. Although it is pricey, playing a round of golf at Augusta National is regarded as a once-in-a-lifetime opportunity. Players on the PGA Tour do not have to pay an entry fee, but they are still responsible for their own travel and lodging costs.