It's nice to earn a fortune every year, huh? Here are the details on Tiger Woods' new home:
Tiger has a brand-new lair - a $65 million estate in the Hamp tons where he can send his chip shots flying into the ocean.
Located on exclusive Gin Lane, Tiger Woods' estate is on nearly six gated acres with a 13,200-square-foot Colonial Revival main residence, a 7,500-square-foot guesthouse and a four-car garage with staff quarters.
Here are some pics of the place.
Update: Turns out this ISN'T Tiger's home. Thanks, Harold.
I hope he has a big extended family & lots of friends who can come and enjoy the sun and the ocean every year. It's kind of sad to imagine himself, his wife and kid rattling around in such a giant house by themselves.
Posted by: guinness416 | March 19, 2008 at 10:51 AM
Almost as big as my house! Kidding
Posted by: Susan | March 19, 2008 at 10:53 AM
It has also been reported this is not true.
http://www.nydailynews.com/sports/more_sports/2008/03/19/2008-03-19_latest_post_goof_tiger_woods_story.html
Posted by: harold | March 19, 2008 at 11:08 AM
harold,
Very interesting and good catch!
Posted by: Susan | March 19, 2008 at 11:20 AM
No offense, FMF, but what is the point of posting this story? Rich celebrities buy multimillion-dollar mansions all the time. I wouldn't be surprised if there were blogs about it. But it doesn't seem to have any relevance to the things you post about in your blog. Are you a big Tiger Woods fan?
Posted by: Dave | March 19, 2008 at 12:56 PM
Dave --
Actually, I am a big Tiger Woods fan. Did you see his clutch putt last weekend? What performance under pressure!!! You have to love a guy who can make golf interesting. ;-)
As far as the post, it has to do with wealth, of course, and that's why I posted it. I am fascinated by extreme wealth and I think others are too. It's interesting to me when we can take a bit of a look into how the other half (or actually the top 1%) lives.
In addition, this is my personal blog and while it's mostly about my thoughts on finance, the range of topics is really "whatever I want them to be."
What's the big deal anyway? Why don't you just skip it if you don't like it? That's what I do with blogs I read and see a post that's not for me.
Posted by: FMF | March 19, 2008 at 01:08 PM
Good for Tiger!
I hope one day my kids can attain that level. He has earned every penny he has earned.
He is the American dream!
Posted by: Zook | March 19, 2008 at 02:15 PM
FMF, thanks for your reply. I didn't mean to come off as hostile and I hope you didn't see my comment as such. Of course, this is your blog and you can post whatever you want on it.
Having said that, I think there are valid reasons why you might want to reconsider posting things like these on your site. (Please note that this is ONLY my very humble opinion that you can take with as many grains of salt as you wish.) Most obviously, it is a celebration of conspicuous consumption which seems to go against your general values and posts, particularly those that appear on Sundays. This is NOT a criticism of Tiger Woods. He can do whatever he wants with his money and I have no reason to believe other than that he is a savvy manager of his money. That's capitalism. But to the extent that you advocate living below your means, giving your money away, and being prudent with your capital, posts like these detract from those values and may stir up false expectations among your readers. It is NOT easy to "just skip" posts like these as you suggest.
Anyway, that's enough from me. I'll be getting off my soapbox now.
Posted by: Dave | March 19, 2008 at 02:22 PM
Dave --
I see where you're coming from.
If you read all my posts, you'll see that having lots of wealth is not contrary to what I write (even on Sundays.) For instance, check out this:
http://www.freemoneyfinance.com/2006/09/does_god_want_y.html
That said, there are a whole lot of viewpoints on wealth and though I have my own thoughts on how to spend money, I know others have different ideas. Hence I post on a wide range of topics.
Finally, I like to look at homes of the wealthy. Not that I'm saying we should strive to own one, that we should forsake all to achieve great wealth, or anything of that ilk. But it is certainly fun to look, isn't it? ;-)
As far as skipping posts goes, do you use a feedreader of any kind? If so, it seems really easy to skip these posts. I read over 150 blogs and I have to skip lots of stuff or I'd do nothing else all day! ;-)
Posted by: FMF | March 19, 2008 at 02:30 PM
That's a heck of a lot of house. I can't imagine living like that... I'd feel too guilty. No thanks. But I guess if you're making millions (whoever owns this house obviously is) then you've got to spend it on something...
Posted by: No Debt Plan | March 19, 2008 at 03:24 PM
even if it wasn't Tiger who spent all that money... it was someone, and what is remarkable is that it wasn't someone famous (supposedly, since the name wasn't mentioned)
Posted by: | March 19, 2008 at 03:55 PM
What a nice piece of property, it probably took Tiger 1 game of golf to pay it off?? ;)
Posted by: Tom | March 19, 2008 at 05:28 PM
Earning a fortune every year is even better if you actually produce something of value and add to overall wealth, instead of merely redistributing it.
Posted by: Minimum Wage | March 20, 2008 at 10:43 AM