How Did Jack Nicklaus Accumulate a $400M Net Worth Despite Making Just $5.7M on the PGA Tour?

Golf professionals receive huge paycheques by participating, let alone winning a tournament. Jack Nicklaus who is an 18-time major championship winner has a massive net worth. But what is the main source behind his net worth accumulation?

Whenever the debate about choosing the most outstanding professional takes place, the Golden Bear is always in contention. Jack Nicklaus is a 73-time PGA Tour winner and is probably one of the most successful professionals to walk on the golf course.

Apart from his various wins as a professional, the 82-year-old golf legend has also accumulated a lot of earnings throughout his long and illustrious career. His net worth stands at a whopping $400 million. But how has he accumulated the enormous net worth?

AUGUSTA, GA – APRIL 09: Honorary Starter Jack Nicklaus of the United States greets the patrons on the first tee during the first round of the 2015 Masters Tournament at Augusta National Golf Club on April 9, 2015, in Augusta, Georgia. (Photo by Ezra Shaw/Getty Images)

The golden bear’s total career earnings sit at a whopping $1.15 billion. As per PGA Tour’s All-time Money Leaders list, the American professional had made just $5.7 million from playing events on the Tour. As a result, he is in the 326th position with exact earnings of $5,734,031.

His winnings are a small part of his career earnings. But the vast majority of Nicklaus’ earnings are not from his tournament earnings but from his endorsements and other ventures. He has marketing deals and endorsements from various companies like Perry Ellis and Rolex.

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He has also partnered with the Arizona Beverage Company, which sells lemonade/iced-tea drinks. In 2010, Jack joined hands with Terlato Wines to produce a unique collection of three winners produced in the Napa Valley region. These include a red blend, a Cabernet Sauvignon, and a white blend.

Apart from this, the golf legend also owns a golf design company, namely Nicklaus Design. According to Forbes, in 2016, his company has designed approximately 400 golf courses that are open to play in 41 countries and 39 states. His earnings in 2016 were a whopping $26 million. Moreover, Nicklaus also has companies that sell almost everything, from lemonade to wine and golf equipment.

In 2007, just before the recession hit the U.S. markets, 49 percent of his companies were purchased by a billionaire investor Howard Millstein for a whopping sum of $145 million. On top of that, he also ones a line of golf balls like Arnold Palmer. The figures prove that apart from being a successful professional, he is also a great businessman.

Jack Nicklaus also believes in philanthropy

Nicklaus has always believed in giving back to society. The former professional has donated millions of dollars to charity. His biggest decision to date came in 2015. Jack and his wife Barbara Nicklaus donated $60 million to the Miami Children’s Health System. Moreover, the couple made a contribution through Jack’s Children’s Health Care Foundation.

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What do you think about Nicklaus’ earnings? Share your views in the comment section.

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