Tiger Woods has cashed in after a company he invested in over a decade ago was sold.
Woods became golf’s first billionaire in 2022. His partnership with Nike lasted for 27 years and he also boasts endorsement deals with the likes of Rolex and TaylorMade.
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In 2000, British billionaire Joe Lewis paid £1.4m to play a single round of golf with the 15-time major winner.
But it is through investments, not sponsorships or experiences, that the 50-year-old is making the biggest financial gains of his career.
With Rory McIlroy and media executive Mike McCarley, for example, Woods co-founded the sports-focused private equity firm TMRW Sports.
Photo by Adam Glanzman/TGL/TGL Golf via Getty Images
TMRW has been chosen to operate the NFL’s new professional flag football league and, at its last fundraising juncture, was valued at $500m.
Woods has also invested in dozens of businesses independently. And it is through one of these ventures that his latest windfall has materialised.
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Tiger Woods-backed Full Swing in $530m takeover
Back in 2015, Woods invested in golf simulator company Full Swing.
This week, Versant – who are the parent company of Golf Channel – bought Full Swing in a $530m deal.
Woods is said to have a stake of around two per cent in the company and is likely to have added about $11m to his net worth as a result of the sale.
It is not clear whether Woods will stay on as an ambassador, as he has acted since his investment 11 years ago.
The deal is expected to be formalised by the beginning of 2027.
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