American golfing icon Tiger Woods is officially the third athlete billionaire, according to Forbes Magazine.

The publication asserts that despite Woods declining a super lucrative offer to play in the cash-rich LIV Golf Series in Saudi Arabia, his net worth still rose to 10-digits this week. In doing so, he has joined basketball great Michael Jordan and Lakers icon Lebron James, as the other two sporting billionaires.

Reports assert that most of Woods’ wealth comes from his endorsement deals and savvy investment choices, such as in real-estate as well as his hand in entrepreneurship.

Of significance is his TGR group which incorporates a golf course design arm, as well as a branch that handles event planning. Along with TGR Ventures which focuses on the investments side of the group.

The firm recently invested in a ‘new category of golf’, with a stake in PopStroke, a luxury minigolf organization that has multiple locations in Florida.

The former world number 1, is said to have earned in excess of US$68 million in the last 12 months, despite losing several sponsors in 2009 following a domestic incident.

Woods is the second active Athlete to cross ten figures in this year. James was recently recognized as a billion dollar baller earlier this month, also due to lucrative returns on several of his investments outside of basketball