Has Tiger Woods' ex- Elin Nordegren snagged a billionaire?

Washington, Mar. 21 : Tiger Woods' former wife Elin Nordegren is reportedly dating coal magnate, Chris Cline, who is her neighbour in North Palm Beach, Florida.

Cline owns a 34,000-square-foot, ocean-front mansion next to the 12-million-dollar mansion the 33-year-old former model has been renovating, ABC News reported.

According to Forbes, the 53-year-old Cline is the owner of coal producer Foresight Energy and is worth a reported 1.2 billion dollars.

Nordegren last dated financier Jamie Dingman, the son of billionaire Michael Dingman; they broke up in January 2012, People magazine reported.

Nordegren divorced from Woods in 2010 after he confessed having multiple affairs.

Woods recently announced on his Facebook account that he is in a relationship with Olympic skier Lindsey Vonn.