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Oct 2, 2009 12:31 PM by Associated Press

Tiger Woods first athlete with $1 billion in earnings

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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