According to Sports Illustrated’s annual Fortunate 50, Tiger Woods has lost roughly $22 million in endorsements since last year due to certain happenings last November. Woods, whose endorsements have dropped from $92 million to $70 million, still remains the highest paid athlete on the planet despite earning $9 million less than in 2009. The tens of millions of dollars Woods lost in endorsements can be attributed to AT&T, Gatorade and Accenture, among others. However, a $10 million bonus from last year’s FedEx Cup certainly helped to keep Woods’ bottom line relatively stable.
Sports Illustrated Estimates Tiger Woods Lost $22 Million In Endorsements
Woods has been ranked in the top spot for all seven years the magazine has been doing its report.
The $90,508,163 that Tiger was estimated to have earned is more than $28 million higher than the list's second ranked earner, Phil Mickelson.
From Golf Week via the AP:
Woods is still No. 1 on the list, as he has been for the rankings’ seven years. But his estimated total earnings of more than $90 million are down 30 percent from nearly $128 million two years ago.
Phil Mickelson is again No. 2 with total earnings of more than $61 million. His estimated endorsement income is $52 million, compared with $70 million for Woods.
The American athlete also continues to out-earn their international counterparts. Roger Federer took over the top spot from David Beckham in this year’s international rankings but Federer’s $61,768,110 in estimated earnings marks him as the only international athlete that would crack the American top four -- rounded out by Floyd Mayweather Jr. and LeBron James.
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