Greg Norman Net Worth

Publish date: 2024-07-06

Table of Contents

Table: Greg Norman’s Profile

What is Greg Norman’s Net Worth?

Greg Norman, an Australian professional golfer and entrepreneur, has amassed an impressive net worth of $400 million. As one of the most successful golfers in the world, Norman has held the rank of number one golfer on multiple occasions, totaling 331 weeks. Nicknamed the “Great White Shark,” he has accumulated nearly 90 tournament wins throughout his career.

Highlights

– Greg Norman’s net worth is $400 million.
– He has earned the title of number one golfer in the world for a total of 331 weeks.
– Norman has almost 90 tournament wins to his name.
– He is recognized as an astute businessman and has found success in various industries.
– Norman is known for his charitable work.
– In 2021, he was named the CEO of LIV Golf Investments.

Early Life

Gregory John Norman was born on February 10, 1955, in Mount Isa, Queensland, Australia. He developed a passion for sports at a young age and initially excelled in rugby, cricket, and surfing. However, it was his mother, Toini, who introduced him to golf. Norman acted as a caddy for his mother and quickly improved his own game. By the time he graduated from high school, it was evident that he had the potential to become a professional golfer.

Career

Norman turned professional in 1976 and won his first tournament, the West Lakes Classic in Adelaide, that same year. He joined the European tour in 1977 and achieved victory at the Martini International in Scotland. By 1980, Norman was dominating the competition at various European tournaments, including the French Open. In 1981, he made his debut at the Masters and secured a fourth-place finish. Norman continued his success by winning the British Masters and leading several majors throughout 1986, earning him widespread recognition.

Though he faced some setbacks in the following years, Norman rebounded in 1993 with the help of coach Burch Harmon. He continued to win major tournaments before taking a break and eventually returning in 2008. Despite injuries hindering his later contributions to golf, Norman’s focus shifted towards entrepreneurial pursuits.

Personal Life

Greg Norman has been married three times. His first marriage was to Laura Andrassy in 1981, and they had two children together. They divorced in 2007, with Andrassy receiving a $105 million settlement. Norman then married tennis player Chris Evert in 2008, but their marriage ended after a little over a year. In 2009, he married his current wife, interior designer Kirsten Kutner. Norman has two grandchildren.

Net Worth Over Time

Throughout his career, Greg Norman has consistently earned significant amounts of money. He regularly earned over $1 million per year from golf tournament winnings and became the first golfer to surpass $10 million in career earnings. To date, he has accumulated over $17 million in career earnings.

Components of Net Worth

Greg Norman’s net worth of $400 million is derived from various sources. Aside from his successful golfing career, he has diversified his investments and business ventures. Norman founded the Greg Norman Company in 1993, which has expanded into numerous industries such as golf course design, wineries, real estate, private equity, eyewear, clothing, food, and restaurants. His company has generated tens of millions in revenue annually. Norman also made profitable investments, including a 12 percent share in Cobra Golf, which he sold for a $40 million profit.

In addition to his professional endeavors, Norman has invested in real estate. He owned Seven Lakes Ranch, an 11,600-acre property in Colorado, featuring luxurious amenities. After initially listing it for $55 million, he sold the property for nearly $34 million in early 2021. Norman also owned a mansion in Jupiter, Florida, which he demolished and rebuilt as his family compound called “Tranquility.”

Overall, Greg Norman’s net worth is the result of his successful golf career, astute business ventures, and shrewd investments in various industries, demonstrating his acumen as both a sports legend and a savvy entrepreneur.

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