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Woods becomes first billion dollar sportsman

LOS ANGELES, October 2- Tiger Woods has become the first sportsman to break through the billion-dollar earnings barrier, Forbes magazine reported on Thursday.TIGER_WOODS_The 33-year-old American, who has won 14 majors, reached the latest landmark of his career when he won a 10-million-dollar bonus for his FedEx Cup victory last weekend.

According to the magazine’s calculations, Woods went into the 2009 season on 895 million dollars which included prize money, endorsements, appearance fees as well as money earned through his golf course design business.

Even before picking up his end of season bonus, Woods had earned 10.5 million dollars on the USPGA Tour this year, winning six titles.

Woods has been the top-earning sportsman since 2002 when he took over from former Formula One world champion Michael Schumacher.

His most lucrative commercial deal is with Nike and brings him over 30 million dollars a year.

Forbes estimated that retired NBA star Michael Jordan will be the next sportsman to earn a billion dollars.

Jordan amassed around 800 million dollars in his playing career and continues to make 45 million dollars a year thanks mainly to a deal with Nike.

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    March 29, 2013 at 6:28 pm

    Well written. Apart from the above mentioned intervention schemes by the writter, one other field Africa and African leaders need to look at is ICT, zeroing down on the internet, online ecommerce and all that mobile integration has to offer. Imagine if the whole of Africa could replicate the success of Mpesa in different industries not just the finance industry alone, the domino effect in job creation will be so outstanding. Africa has has all these at her finger tips. All we need now are leaders to harness these resources for the benefit of the motherland and its citizens.

  2. Max Donkor

    March 30, 2013 at 1:04 pm

    True to form a well written analyses. I like particularly , ” start from the farm” and ” not only does higher productivity boost incomes……….” , I will add that without higher and secure farm productivity transformation is not possible in the African situation. Water security though water infrastructure is a pre requisite to higher, reliable and sustained productivity of food with important additional positive effects on human health and energy needs for the second step of off farm industrialization and employment. Leaving the basic of water security will be building without a firm foundation which will not stand especially in light of current increasing and unpredictable climate variability and future climate change to our great great grandchildren. Congrats Opanyin!

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