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'Forbes': Woods first athlete with $1 billion in earnings

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NEW YORK -- Forbes says Tiger Woods has become the first athlete to surpass $1 billion in career earnings.

The magazine estimates that golf's top-ranked player crested the plateau when he earned $10 million for winning the FedEx Cup on Sunday.

Forbes reported on its website on Tuesday that Woods entered 2009 having earned $895 million since he joined the PGA Tour in 1996. Prize money, appearance fees, endorsement fees, bonuses and his golf course design business were calculated to have pushed him over $1 billion.

The magazine says former NBA great Michael Jordan and former Formula One driver Michael Schumacher, at $800 million and $700 million, are Woods' closest competition in career earnings.

Copyright 2012 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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