Tiger's divorce settlement: Cheaper then expected

Tiger's divorce settlement: Cheaper then expected
Turns out Elin Nordegren probably won't get as much cash as rumored. The figure $750 million was being tossed around during the pro golfer's affair scandal, but it seems like that's way too high.

The folks at Forbes have apparently been tracking the athlete's earnings since he went pro in 1996, and they claim he's only worth about $600 million total. So, the Tiger Woods divorce will be SO cheap, since Elin would likely only get a slice of his net worth.

The settlement is apparently almost done, and Tiger could be a single man by the end of the day tomorrow. The papers just need to be filed with the courts, then that's it -- he's free to (continue to) move about the country with whomever he chooses.

This is what Forbes had to say about the matter (via USA Today):

We've been tracking Tiger's earnings since he turned pro in 1996. Last year he became the first athlete to earn a cumulative $1 billion through his income from prize money, appearance fees, endorsements and his golf course design business. Nike has been his biggest benefactor paying the world's top golfer in the neighborhood of $250 million since 1996. The relationship has obviously bolstered Nike as its golf division reported annual sales of $638 million last week. Tiger's annual earnings in 2010 will be down at least $30 million after sponsors like Accenture, AT&T and Gatorade walked away. He still earned $105 million over the past 12-months and ranks fifth on our recent list of the most powerful celebrities.

"Yet those earnings are before the tax man and his agents at IMG took their cut. And if you think Tiger made a killing in the stock market, think again. The S&P 500 is at the same level it was at 12 years ago. By our count Woods is worth $600 million and any divorce settlement is likely to be worth a fraction of current reports."

-Zimbio
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