News - National
Tiger Woods first athlete with $1 billion in earnings
Posted: Oct 2, 2009 10:31 AM by Associated Press
Forbes says Tiger Woods has become the first athlete to surpass $1 billion in career earnings.
The magazine estimates that golf's top-ranked player crested the plateau when he earned $10 million for winning the FedEx Cup on Sunday.
Forbes reported on its Web site on Tuesday that Woods entered 2009 having earned $895 million since he joined the PGA Tour in 1996. Prize money, appearance fees, endorsement fees, bonuses and his golf course design business were calculated to have pushed him over $1 billion.
The magazine says former NBA great Michael Jordan and former Formula One driver Michael Schumacher, at $800 million and $700 million, respectively, are Woods' closest competition in career earnings.
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