Tiger Woods has strict money rule for son Charlie, 16, to get share of his $1.3 BILLION fortune

The legendary American golfer has strict financial controls in place for his son

Tiger Woods has put a strict rule in place for his 16-year-old son Charlie before he can get a share of his astronomical fortune.

The 15-time major winner is widely considered to be one of the greatest golfers of all time, if not the GOAT.

He made the majority of his money through prize money and major sponsorship deals, including one of the most famous athlete partnerships with Nike, which lasted 27 years.

In 2022, he became the second active athlete ever following LeBron James to become a billionaire.

Now, Forbes estimate he has a net worth of $1.3bn (£980m).

His daughter Sam and son Charlie are set to inherit a chunk of that wealth, but there are conditions in place for them to receive money in the coming years.

Charlie, who is a promising golfer himself, already has a net worth of $25m (£18m), according to Sportskeeda.

Tiger Woods watching his son Charlie play (Image: Tim Heitman / Stringer via Getty)

But that fortune is likely to grow as he gets older and receives access to more of Woods’ money.

The Mirror report that both Charlie and his sister both have trusts in their name worth $20m (£14.8m). Meanwhile, Charlie has also been given two luxury properties in Florida and California.

However, will not be able to access these assets until he turns 21.

As the son of the legendary Woods and an emerging golfer, Charlie will likely benefit from sponsorships in the future.

He is already eligible for a Name, Image and Likeness deal, which are given in college to allow student-athletes to profit through their personal brand.

However, Charlie has not yet signed any such deal.

In 2023, there were rumours that he had signed a deal with Greyson Clothiers, but nothing was ever confirmed by Woods or Greyson.

Tiger Woods in action (Image: Megan Briggs/TGL / Contributor via Getty)

Can Charlie Woods follow in Tiger’s footsteps?

Charlie is still at the start of his golfing journey, but there’s interest in how much he can achieve.

He has impressed at the ongoing Junior PGA Championships against some of golf’s best young talents.

Charlie is seven-under after two rounds, sitting six shots behind the leader Lunden Esterline.

He caught the attention with some great shots, sinking nine birdies in the first days.

It is a welcome boost for the youngster following a difficult display at the recent US Junior Amateur Championships.

After a torrid opening day in which he finished 11 over par, he was unable to claw it back on the second – where he finished 3-over par.

This meant he missed the cut by 10 shots and was sent home.

It is still still early days in Charlie’s career, but comparisons and intrigue are inevitable – especially when his father Tiger won his first major at just 21.