Forbes list of Richest Celebrities includes Tiger Woods & Phil Mickelson

Forbes recently came out with its “Richest Celebrities 2016” list, and two golfers made the cut. These are people who got rich off their fame and does not consider the ones who got famous because of their wealth. Phil Mickelson checks in at No. 18 on the list (right ahead of Barbara Streisand) with a net worth of $375 million, reportedly.

Tiger Woods slides in at No. 7 with a reported net worth of $740 million. He is ahead of No. 8 Dr. Dre ($710 million) but behind No. 6 Diddy ($750 million). Here is a look at the top five.

  1. George Lucas ($4.6 billion)
  2. Steven Spielberg ($3.7 billion)
  3. Oprah Winfrey ($2.8 billion)
  4. Michael Jordan ($1.2 billion)
  5. David Copperfield ($850 million)

Here is the full list and what Forbes said about Woods.

Tiger Woods may not have a stash of enchanted antiquities, but he does own a $60 million property in Jupiter Island, Florida. With a net worth of $740 million, the 40-year-old golfer is the youngest member of the list. Besides Jordan, Phil Mickelson is the only other athlete to make the cut.

It is fascinating that golf, the fifth-most (sixth-most? seventh-most?) popular sport in the nation has produced two of the wealthiest athletes on the planet. With a couple more apparently on the way in Rory McIlroy and Jordan Spieth.

Six Trends in Affluent Golfer Spending

The economic clout of the affluent is staggering. As of 2015, the Top 1% possess half of the world’s wealth. That number is up from 44% in 2009. The Top 10% own 88% of the world’s wealth, up from 83% in 2009.

Golf and wealth are closely linked… as income increases, so do golf participation rates. The participation rate for individuals in the $150,000+ income bracket is about double those in the $50K-$75K range, and about five times greater than the participation rate of those in the $30K or less group. The median annual household income for all Americans was approximately $52K in 2015, compared to golfers whose average household income was about $96K.

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