Bloomberg News Service
POSTED: 12:18 p.m. HST, Sep 15, 2010
Tiger Woods, divorced last month from Elin Nordegren after a one-car crash led to his admission of infidelity, is keeping the marital residence in the Isleworth gated community in Orlando, Florida, court records show.
The property was transferred solely to Woods in a legal document dated July 4. The home was assessed last year for $2.4 million, according to the Orange County Property Appraiser.
Woods and Nordegren will share parenting of their 3-year- old daughter Sam and a 1-year-old son Charlie, lawyers for the two said in an e-mailed statement last month after judgment was entered in a court in Bay County, Florida, dissolving the union.
A spokesman for law firm McGuireWoods LLP, which represented Nordegren, said no further details of the divorce settlement will be disclosed. A former nanny from Stockholm, the 30-year-old Nordegren will get $100 million, TMZ.com reported, citing unidentified people with direct knowledge of the property settlement.
The divorce settlement was reached on July 3 and July 4, according to court papers.
Woods crashed his Cadillac sport-utility vehicle into a fire hydrant outside his home near Orlando the morning of Nov. 27, hurting his neck and opening a cut on his lip. The accident led to an unraveling of Woods’s personal life, including his admission that he had relationships with several women following his October 2004 marriage.
Endorsers such as Accenture Plc, AT&T Inc. and Procter & Gamble Co.’s Gillette razors ended their relationships with Woods after his admission of infidelity.
Woods, 34, has won 14 major championships and is the first athlete to make $1 billion from purses and endorsements, according to Forbes magazine.