Business News Tiger Woods | Page 18

Tiger Woods

18

licensing agreement. Although no figures were officially disclosed, Golfweek magazine reported that it was for five years and could pay him as much as $100 million. The company decided in early fall 2009 to discontinue the drink due to weak sales.

According to Golf Digest, Woods made $769,440,709 from 1996 to 2007, and the magazine predicted that by 2010, Woods would pass one billion dollars in earnings. In 2009, Forbes confirmed that Woods was indeed the world's first athlete to earn over a billion dollars in his career (before taxes), after accounting for the 10 million dollar bonus Woods received for the FedEx Cup title. The same year, Forbes estimated his net worth to be $600 million, making him the second richest "African American" behind only Oprah Winfrey.



Honors

On August 20, 2007, California Governor Arnold Schwarzenegger and First Lady Maria Shriver announced that Woods would

be inducted into the California Hall of Fame. He was inducted December 5, 2007 at The California Museum for History, Women and the Arts in Sacramento.

He has been named "Athlete of the Decade" by the Associated Press in December 2009. He has been named Associated Press Male Athlete of the Year a record-tying four times, and is the only person to be named Sports Illustrated's Sportsman of the Year more than once.

Since his record-breaking win at the 1997 Masters Tournament, golf's increased popularity is commonly attributed to Woods' presence. He is credited by some sources for dramatically increasing prize money in golf, generating interest in new audiences, and for drawing the largest TV audiences in golf history.



Politics

Tiger Woods is registered as an independent. In January 2009, Woods delivered a speech commemorating the military at the We Are One: The Obama Inaugural Celebration at the Lincoln Memorial. In April 2009, Woods visited the White House while in the Washington, D.C. area promoting the golf tournament he hosts, the AT&T National.



Cut streak

In both Byron Nelson's and Woods's eras, "making the cut" has been defined as receiving a paycheck. However, in Nelson's day, only players who placed in the top 20 (sometimes as few as 15) in an event won a paycheck, whereas in Woods's day only players who reach a low enough score (top 70 and ties for most events) within the first 36 holes win a