Which Famous Retired Golfers are Still Earning Millions?April 14, 2014
When athletes retire, they are typically in their 30s and 40s. This means they are not done working, at least not for some. Many start businesses or even go into coaching. However, golfers have a bit longer of a career and usually don’t retire until their late 40s or 50s, some even later. Here are some of the richest retired golfers still making millions today.
Greg Norman – $16 million
Greg Norman was one of the best golfers to play the game and earned plenty of money while on the PGA tour. However, he didn’t stop there. He owns a winery called Greg Norman Estates, an eye-wear line, apparel business and asset management venture. Along with all of these businesses, he also have many endorsements for companies, such as Sandals, Cobra Golf, Johnnie Walker and many others. This all adds up to more per year than he made in his entire golf career.
Gary Player – $19 million
Another golfer making it big after his amazing career is Gary Player. Even though he’s nearly 80 years old, he is still making more per year than he made on the PGA tour. Player owns a golf course design business called Black Knight International and still earns money from sponsorships with Callaway, SAP and Rolex.
Jack Nicklaus – $30 Million
Jack provides an interesting mix of all things golf. He is by far the best golfer to ever play on the PGA tour, unless Tiger has something to say about that. However, his career didn’t end after golf. Jack founded Nicklaus Design and has designed over 30 golf courses in more than 35 countries. He makes more from his design company than he ever did on the tour and he won quite a bit.
Arnold Palmer – $40 million
Arnold Palmer is one of the most well-known golf figures in the world. He won seven majors, which put nearly $2 million in his pocket. However, today, he owns a line of drinks manufactured by AriZona Beverage, which make up about 25% of his income. He also designs golf courses, is responsible for the Bay Hill Golf Club in Orlando and has licensed his name to a line of 400 sports stores in Asia.
These golfers didn’t stop after they came off the tour. They kept going and have continued to make millions even into their older days.