Tiger Woods is considered to be one of the greatest golfers of all time. He was
Forbes' highest-paid athlete in the world from 2001 until 2011, and he remains the world's highest-paid golfer.
In November 2009, some news began to surface that Woods had been cheating on his wife, Elin Nordegren. Soon after, more women claimed to have had affairs with the golf icon. In December 2009, Woods publicly admitted to cheating on his wife. He also apologized for his infidelities and announced that he would take an "indefinite hiatus" from pro golf. According to CNBC, the scandal cost Woods an estimated $23 to $30 million in endorsement deals alone. Furthermore, a study by two economic professors from the University of California, Davis found that shareholders of companies endorsed by Woods lost between $5 billion and $12 billion due to the scandal.
Woods and Nordegren finalized their divorce in 2010. Nordegren reportedly received a $110 million payout in the divorce settlement, according to website radaronline.com.