Net worth

Tiger Woods vs. Magic Johnson Net Worth Comparison 2022: Who’s Richer?

Being a successful PGA Tour golfer often equates to a big paycheck even after retirement. Some greats earn more from their additional investments and offers, earning a place among the richest athletes in the world. Tiger Woods, who has been active for over two decades now, is easily an athlete who meets all of these criteria.

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While PGA Tour athletes earn a lot on the course, Woods also made sure to make a fortune in other ways. This constitutes brand deals, endorsements, and other investments.

BEVERLY HILLS, CALIFORNIA – NOVEMBER 11: Earvin “Magic” Johnson attends the Ryan Gordy Foundation Celebrates 60 Years of Mowtown at Waldorf Astoria Beverly Hills on November 11, 2019 in Beverly Hills, California. (Photo by Phillip Faraone/WireImage)

That being said, NBA players are also known for their lavish lifestyles as a result of their million dollar contracts. Magic Johnson, who retired in 1996, continues to earn millions even today. While he was a well-paid player, his business ventures have grown rapidly since then.

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Is Tiger Woods richer than Magic Johnson?

Despite being part of two completely different fields, Woods and Johnson both boast huge net worths.

Woods is currently worth $800 million, while Johnson is worth $620 million. Admittedly, this is not a big difference. However, given his massive Nike contract and 82 PGA Tour wins, Woods seems to be leading the way.

Interestingly, Woods started playing professionally when Johnson retired.

His career earnings stand at $118 million, with more than $1 billion coming from brands such as Bridgestone, Hero Motorcorp, Monster Energy, Rolex and TaylorMade. Naturally, his deal with Nike stands out. Not only did the brand stick with him through a tough time, but it’s also worth millions of dollars today.

The 15-time major winner signed with Nike in 1996 on a five-year, $49 million deal. Later, he expanded to a $100 million deal. Although recent numbers are unavailable, Woods is reportedly worth $22,540,000 for the mark.

Additionally, Woods’ endorsements are worth around $60 million. If all that isn’t enough, Woods’ career earnings of $1.5 billion make him the richest golfer of all time.

Johnson: A business brain off the pitch

Johnson, meanwhile, won $22 million. His business helped him grow to where he is today, especially with Magic Johnson Enterprises valued at $1 billion. They own a film studio and a marketing company, among other businesses. In short, Woods also owned the Los Angeles Lakers, which he bought in 1994 for $10 million.

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He sold it for around $50 million in 2010. Two years later he bought the LA Dodgers with a band for $2 billion.

Of course, properties like his Beverly Hills home are a highlight. Johnson also owns a home in Orange County, which is a beach house in Dana Point.

Woods, on the other hand, is known for his mansion in Jupiter, worth around $54 million. The PGA Tour icon also owns a $25 million yacht called Privacy and a $54 million Gulfstream G550 private jet.

February 20, 2022; Pacific Palisades, California, USA; Event host Tiger Woods reacts during the trophy presentation after the final round of the Genesis Invitational golf tournament. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports | Reuters

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Given that Woods still has a few active years left, it may not be possible for Johnson to catch up on his net worth. However, even after seeing his career cut short, Johnson only worked to improve and grow his wealth. Woods, who is already among the wealthiest athletes, continues to grow every year.

At the end of the day, we can only wait and see what else these sports icons can do.

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