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Wednesday, April 7, 2010 as of 11:14 AM ET

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  • Tiger Woods' wife could receive $300M in divorce settlement

    (Reuters)

    (Reuters)

    Tiger Woods’ wife could receive a record-breaking divorce settlement if she leaves the golf champ after his public infidelity admission yesterday.

    According to Us magazine, Elin Nordegren signed a prenuptial agreement at the time of her marriage to Woods worth a reported $300 million, topping the previous record for celebrity divorces held by Michael Jordan’s wife, Juanita, who received approximately $150 million.

    In addition to the settlement, Us reports that the couple –married since 2004 — own a $2.6 million home in Florida, a 155-foot $22 million yacht and a $39 million mansion on Jupiter Island.

    SLIDESHOW: Elin Nordegren, from bikini model to billionaire’s wife.

    Woods, who Forbes magazine said has made $1 billion since 2006, has some of the biggest sponsorship and endorsement deals in professional sports. Nike alone pays Woods more than $30 million annually, and other companies like Gatorade and Gillette have pledged to support him and his family during this time.

    But the Chicago Sun Times says Nordegren will not have access to any significant portion of Woods’ fortune until their marriage reaches the 10-year mark. After that, she would be entitled to collect $20 million, the Sun-Times said.

    SLIDESHOW: Woods’ three alleged mistresses.

    Last week, two days before Woods crashed his sport utility vehicle into a fire hydrant and tree outside his house, the National Enquirer published a story alleging that Woods had been seeing a New York nightclub hostess, Rachel Uchitel, and that they were recently together in Melbourne, where Woods competed in the Australian Masters.

    Since then, Woods has been tied to at least two other women and has apologized for his “transgressions” via a statement.

    “I have let my family down and I regret those transgressions with all of my heart,” Woods said. “I have not been true to my values and the behavior my family deserves. I am not without faults and I am far short of perfect. I am dealing with my behavior and personal failings.”

    FULL COVERAGE: Click here to read all of Fox’s coverage of the Tiger Woods incident.

    Woods and Nordegren, a former swimsuit model, met during the British Open in 2001. At the time, Nordegren was a nanny for Swedish golfer Jesper Parnevik. The couple began dating and married in October of 2004 on a golf course in Barbados.

    Within hours of the accident, the gossip world was abuzz with rumors that Nordegren and Woods had been arguing for hours before he crashed his SUV into a fire hydrant and a tree. Later, reports claimed that Nordegren had used golf clubs to attack her husband, rather than in an attempt to help him out of his vehicle. Woods has vehemently denied those claims.

    POP TARTS: Sponsors will support Woods, but keep him on short leash.

    Parnevik, the man who introduced the couple, has since come out saying he owes Nordegren an apology.

    “We probably thought he was a better guy than he is,” he told the Golf Channel, referring to his wife and himself. “”I would probably need to apologize to [Elin] and hope she uses a driver next time instead of a 3-iron … It’s a private thing of course, but when you are the guy he is — the world’s best athlete — you should think more before you do stuff … and maybe not ’just do it,’ like Nike says.”

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