Tiger Woods WTF?
Tiger Woods WTF?
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Tiger Woods' Affairs Cost Billions in Stock Market
Tiger Woods' extramarital affairs could cost you if you hold stock in a company he sponsors or a mutual fund that holds stock in those companies.
A new study - not yet published in a journal - finds the market value lost to companies that had the golfer as a sponsor is already as high as $12 billion.
The estimate is separate from whatever money Woods himself may lose as a result of his missteps. The golfer was thought to make about $100 million a year in endorsement income.
"Total shareholder losses may exceed several decades' worth of Tiger Woods' personal endorsement income," said Victor Stango, a professor of economics at the University of California, Davis and co-author of the study.