Now the news comes out that Tiger's reputation as a hound (first revealed in a 1997 GQ article) held serve all the way through his 2004 wedding and the births of a couple of children, his net worth had been expected to drop considerably - to a cool 500 million. Not so fast.
See, in 2004 when he married the Swedish nanny, he got her to sign a prenup. No surprise there, lots of rich people do it. The jaw dropping part is the amount Elin would be entitled to should they actually divorce. Answer? Nothing if the marriage fell apart before 10 years and if it lasted longer than that only 20 million. In 2004, Tiger was worth hundreds of millions yet he convinced her to settle for a mere 20 million and even then, only after 10 years.
According to the Daily Beast, things have changed a little bit.
In a statement Wednesday, Tiger said, “I have let my family down and I regret those transgressions with all of my heart.” Words are evidently not enough to mollify Elin: The Daily Beast has learned the details of what it’s costing Tiger to keep his marriage intact. A lawyer familiar with the hastily conducted negotiations of the past 72 hours said that as of Wednesday evening Elin has been offered a $5 million payment immediately if she agrees to stay—and her prenuptial agreement is being revised to give her up to an additional $55 million.
To collect the revised 75 million, Elin needs to stick it out for another 2 years. The vesting period cut short by 3 years. Even then this is a steal for Woods. On the face of it all, this looks more like a business arrangement then a marriage. All these terms in conditions read like an incentive laden baseball contract. And given these new details, it is not really surprising to learn of Woods' unfaithful ways. He wasn't cheating on his loving wife, he was lining up future business partners.
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