Tiger Woods Up Close And Personal

Golf Superstar Talks To Ed Bradley About Planning A Family

(CBS) 
He’s made more than $70 million on the golf course alone, and his outside income is estimated at $85 million a year.

Bottom line: Tiger is reported to be on the verge of becoming golf's first billion dollar athlete. But he keeps his money in two different piles.

Lately he’s bought an estate on the Florida coastline and a yacht that’s bigger than most houses. So success has changed some of his spending habits – but not all of them.

"I’m a little cheap," he admits. "I’m tight. I mean, because I never had a whole lot growing up as a kid. I always had to save. Then I’d buy like one big thing, like a pair of basketball shoes or something like that. But I had to save up my allowances."

So now the allowances are bigger, and the big things are bigger, including his boat and house, which Tiger admits cost "a lot."

For someone with such a high profile on the golf course, Tiger keeps his personal life under wraps. Asked what the name of his boat is, Tiger says "Privacy," and he says the name was his idea.

Tiger wouldn’t let 60 Minutes visit him on his boat or at home, and we didn’t get to talk to his wife Elin, a Swedish model and au pair whom he married 18 months ago.

But he did open a door to his married life just a little.

"I have found a life partner, a best friend. You know, Elin’s been incredible for me," says Tiger. "She’s brought joy and balance in my life. We love doing the same things. You think I’m competitive? She’s way more than me."

Tiger says he wants kids, without a doubt.

"How do you think that would affect your day job?" Bradley asked.

"Family always comes first. It always has been in my life, and always will. I may sleep a little bit less, and we have to work on that as a team," Tiger replied.

"Can you see yourself giving the kind of time to your kids that your parents gave to you?" Bradley asked.

"As best I can," Tiger said, "I always want my kids to know their father."

Even though he wants to be best known for his work with kids, we know him best for his work on the golf course.

"I love to play golf, and that’s my arena. And you can characterize it and describe it however you want, but I have a love and a passion for getting that ball in the hole and beating those guys," says Tiger.

"And if we were to play ping-pong, your goal would be to…." Bradley asked.

"I’d beat you," Tiger said.

"And if you didn’t, you’d really be…" Bradley continued.

"We’d do it again," Tiger said.

"So it would become, okay, ‘two out of three, okay, three out of five,’" Bradley asked.

"Yeah. We’d keep playing," Tiger said.