The Dubai project was to include palaces, mansions and luxury villas; only one-third of the properties have been sold, according to an article in Maktoob Business, an online publication. Although Woods and the project's developers insist the golf course will be completed in 2010, only three holes have been laid out.
"We're making sure we get the holes completed -- the holes we have," Woods told Golfweek.
On the Forbes list, which uses a combination of income and media "exposure" to rank the celebrities, Woods dropped from his #2 position last year. Movie actress and media darling Angelina Jolie topped the list, unseating Oprah Winfrey who fell to #2, just ahead of the Material Girl, Madonna, and Beyonce Knowles, the former member of the group Destiny's Child whose destiny seems to make lots of money ($87 million last year). Although Woods ($110 million) earned more than Ms. Knowles, she outranked him, demonstrating that old saw that money isn't everything.