How Far Back Is Phil Mickelson in Terms of Catching Up With His Billionaire Rival Tiger Woods?

Published 08/18/2022, 5:30 PM EDT

In the realm of golf, Phil Mickelson and Tiger Woods are two living legends. The two had previously been fierce rivals, but their relationship has since developed into one of friendship and respect. When it comes to money, Woods has always been considered to be the richest in the sport. But with his recent move to LIV Golf, has Phil Mickelson finally dethroned Woods to become a richer golfer than him?

Of course, with their talent and countless PGA Tour wins, the game has benefited as well. Both stars have played a crucial role in evolving the sport of golf. Mickelson decided to part ways with the PGA Tour and join the Saudi-funded LIV Golf earlier this year. This has resulted in the Left-handed golfer becoming the highest earning golfer of 2022.

However, on the other side, Tiger Woods always finds himself on the list of Forbes’s richest athletes list frequently. It was also recently revealed that Tiger has finally joined the Billionaire’s club. So when it comes to net worth, who out of both the Hall of Famers is richer?

Who is richer: Tiger Woods or Phil Mickelson?

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As per Celebrity Net Worth, Phil Mickelson has an estimated Net Worth of somewhere between $300 million to $400 million. Lefty has earned over an estimated $90 million in tournament prizes. The 52-year-old signed with Saudi-funded LIV Golf and signed a healthy contract of nearly $200 million.

According to the recent reports by Forbes, Mickelson earned $138 million on the Golf Course while earning $36 million off the course in the year 2022. Despite losing his long-time endorsement deal with KPMG for signing with the LIV Golf, Lefty still earns a hefty amount thanks to the lucrative series. Mickelson’s biggest endorsement deals throughout his career have been with KPMG, ExxonMobil, Titleist, Ford, Enbrel, Callaway, Amgen, Grayhawk, Rolex, and Intrepid Financial Partners.

Phil Mickelson Once Had a Bold Message For His Arch Rival Tiger Woods Before Their Match: ‘He’ll Have a Bad Memory’

Nonetheless, all this money is still not close enough to the earnings of Tiger Woods. The 15-time Major Champion. Forbes revealed earlier this year that Tiger has officially crossed the Billion dollar mark to join the ranks of Michael Jordan and LeBron James to become athletes with billionaire status.

Woods has won nearly $121 million in prize money, more than any other pro golfer in the world. He held the top spot in Forbes’ highest-paid athletes for 10 consecutive years until 2012. Yet, less than 10% of Woods’ career earnings come from his golf winnings. Most of his wealth stems from endorsements with brands such as Nike, Gatorade, Rolex, and Monster Energy, according to Forbes. All these deals have helped Woods in having a net worth of $1 Billion.

Both stars are also involved in plenty of side businesses that have helped in boosting their net worth. Moreover, Tiger and Phil have donated millions to people in need through their foundations.

Will Mickelson takeover Woods’ net worth?

If you asked this question a year ago, the answer would be quite evident that Mickelson will not be able to reach the financial status of Woods. However, with Lefty joining the LIV Golf for a 9-figure deal, the odds have become a lot more favorable than in the past.

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Most of Tiger Woods’ earnings have come in the past when the golfer was still in his prime. However, Mickelson’s recent earnings from the LIV Golf are a reflection of thinking the unthinkable. Despite that, Lefty is still nearly more than $700 million away from the net worth of Tiger. So at the moment, Phil Mickelson is far away from Tiger Woods in terms of net worth.

Regardless of their income and controversies, the fans love the duo for their top-notch golf talent. With a combined number of 21 Majors won by both the stars, their accolades alone depict their contribution and dedication to the sport.

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Who is your favorite golfer? Tiger Woods or Phil Mickelson? Let us know in the comments section below!

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Written by:

Abdul Bari is a Golf writer at EssentiallySports. Having completed his Bachelor’s in Business Administration, Abdul is currently pursuing his Master’s in the same. With great affection for the world of sports, this avid golf lover turned to the course at a young age.

Edited by:

Manaal Siddiqui

How Far Back Is Phil Mickelson in Terms of Catching Up With His Billionaire Rival Tiger Woods?

Who is richer: Tiger Woods or Phil Mickelson?

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Will Mickelson takeover Woods’ net worth?