Elin Nordegren, ex-wife to Tiger Woods, has a new man in her life, who has a very healthy bank account.

Nordegren, 33, is reportedly dating billionaire coal magnate Chris Cline, a neighbor in her upscale North Palm Beach, Florida, community called Seminole Landing, according to Yahoo!

"Elin was introduced to Chris by a local friend because they seem to have a lot in common," a source told People, noting that they've been dating casually and non-exclusively since the holidays. "They both have children, like to keep their personal lives quiet, believe in philanthropy, and enjoy leisure outdoor activity."

Cline, 55, is one of the richest people in the country, according to Forbes. The magazine ranked him as #377 on its latest list of American billionaires and, moreover, estimates his net worth at $1.2 billion. He attended Marshall University in his home state of West Virginia, but he left before graduating to join the same industry that his grandfather and father had been in before him. Cline founded the thriving company Foresight Energy, and his career was praised by the local Herald-Dispatch newspaper in 2011 as "one of the industry's great success stories."

As recent as 2011, he donated $5 million to West Virginia University and another $5 million to his former college.

"I attended Marshall University, have been fortunate to have lived and employed people in West Virginia, and owe the state of West Virginia and its people for much of my success," he said. "I wanted to give something back that will be beneficial to the people of the state."

He's been married twice, with the first marriage ending when his wife died of breast cancer and the second ending in divorce. He has two sons and two daughters, so he'll understand the pressures of parenthood that Nordegren faces as she raises her children with Tiger, 5-year-old daughter Sam and 4-year-old son Charlie.