Tiger Woods and Phil Mickelson are the best professional golfers in the world.
Golf is a sport with many representatives on the list of the most money athletes in the world. We are so used to the image of golf stars earning and owning hundreds of millions of dollars of assets appearing in the newspapers.
Of course, the multi-million dollar awards, lucrative advertising contracts are not for all professional golfers. Only the top athletes attract such a difference in income between advertising contracts and tournament prize money.
So how do the professional golfer in the world make money from this sport?
Behind the million dollar fortune
At the end of 2017, Forbes magazine published a list of the 25 athletes who make the most money in sports history in the world. In particular, golf is the sport contributing the most number of athletes, 5 people.
In particular, there are up to 4 golfers on the shortlist of the 10 athletes who make the most money of all time. All are familiar names for golf fans.
First, Tiger Woods ranked second (after basketball star Michael Jordan, 1.85 billion) with an estimated amount of 1.7 billion USD.
The third place belonged to the late legend Arnold Palmer with US $ 1.4 billion. Jack Nicklaus, owner of 18 Major titles, is ranked fourth with 1.2 billion USD.
American Golfer, Phil Mickelson is in 6th place with 815 million USD. The last Golfer in the Top 25 list belongs to Australia’s ‘White Shark’ Greg Norman with 705 million dollars and 13th place.
Looking back on the history of golf development over the past 50 years, fans will easily see that the total prize money of professional golf tournament systems in the world has recorded a steady growth.
The most typical is the world’s No. 1 professional league system (PGA Tour). In 1970, the total prize value of 55 tournaments under the PGA Tour system at that time was $ 5.5 million.
This increased to $ 46.3 million for 44 tournaments in 1990, and then to $ 342 million for 47 tournaments in 2017.
Latest, the total prize money of 46 events in the 2018-2019 season is currently $ 389.3 million.