Tiger Wood’s ex-wife, Elin Nordegren has took Tigers Millions and parlayed it into Billions by finding love with Jamie Dingman, the New York Post reported Friday. Dingman is a wealthy American investor, who was born with a platinum spoon in his mouth. Jamie’s dad ia a Billionaire Tycoon (yup real life Monopoly money)….No such thing as new money in his family. Their money is so old it smells like a refined wine.
Jamie’s money comes from his veteran representation for his father in China’s emerging-markets over the past six years. The charming bachelor previously has dated actress Bridget Moynahan, the mother of Patriots quarterback Tom Brady’s baby. Last year he was linked to Princess Madeleine of Sweden, but they are said to be ‘just friends’.
Full story here.
Meanwhile, while Ellen is living it up and finding love and even more money (talk about a upgrade!!) Tiger is slowly losing his endorsements which is costing him his fortune.
With only a few endorsement deals left, a recent divorce settlement, a hefty house mortgage, and even a pay cut from Nike, not winning any tournament as of lately, Tiger Woods’ lifestyle is looking not so fabulous. I think I understand now why you have to keep that nice squeaky image….
Due to the endorsement deals drying up. Tiger had to accept an endorsement that he may not otherwise have taken. Although Woods was likely paid in the single-digit millions for the spot — in which he takes a swing, rubs his back, and says, “Go Vantelin!” — it’s still not as profitable as his PepsiCo (NYSE: PEP- News), Gillette, and Accenture campaigns.
On June 7, Woods announced via Twitter that he would be leaving IMG. Tiger’s fall from grace is causing him to suffer financially. His endorsement list shrank and it’s reported that his divorce costed him upwards of $100 Million.
A trusted source says that the company is none too broken up about Tiger’s departure. , because his endorsement earnings have fallen so dramatically. The source says IMG’s commissions for 2011 -2013 which they are already commissioned for will be as low as $1.5 million.
©Hunter Martin/Getty Images
But a source also says that Tiger’s Nike money fallen by 50% from 20 Million down to 10 Million. Because Nike penalized him for his indiscretions, due to public response of Tiger’s behavior.
” Kowa estimates, that Tiger’s overall endorsement earnings for 2011 to be $20 million.”
Woods’ agent adamantly denies the assertion that the golfer is facing financial strain. “Tiger Woods is financially sound and strong, contrary to wide-ranging rumors and inaccurate figures in the media,” Steinberg wrote in an email. “Stating anything else is incorrect and factually baseless.”
“According to the PGA Tour website, Tiger’s 2011 winnings so far total $571,363. Those are like pennies compared to the $10.9 million, $5.8 million, and $10.5 million he earned in 2007, 2008, and 2009, respectively. In 2010, that dropped to $1.3 million.”
As Tiger’s revenues have declined, his expenses have only climbed. Woods took out a $54.5 million mortgage on his home in Jupiter Island, Florida. According to the public document, Woods is required to pay off the mortgage in full by January of 2016, giving him only five and a half years to pay off the debt. With $431,042 in annual property taxes it’s costing Tiger over 10 Million a year.
Wow. Looks like Tiger may have to call Stella and ask her how to get his groove back. Unless Tiger starts to win some tournaments again he might have to start auctioning stuff off on Ebay…. It’s safe to say that no one feels sorry for the fallen star. All this over some crackhead looking chicks? Until today I didn’t even notice how beautiful Ellen was..
Now, my question is it just me or is it starting to look like everyone is getting rich except for Tiger???