Greg Norman Net Worth 2024

What is Greg Norman’s Net Worth, Salary and Career Earnings?

Greg Norman is an Australian skilled golfer and entrepreneur who has a net worth of $400 million. Greg Norman has earned the rank of primary golfer on the planet on multiple event, holding the title on and off for a sum complete of 331 weeks. Nicknamed the “Great White Shark,” Norman has virtually 90 match wins to his title.

Although he’s thought-about a sporting legend by the whole {golfing} group, Norman has additionally established himself as an extremely astute businessman. As an entrepreneur, Norman has discovered success in a spread of various industries. In addition, Greg Norman is thought for his charity work.

In 2021, Norman was named the CEO of LIV Golf Investments.

Early Life

Gregory John Norman was born on February tenth of 1955 in Mount Isa, Queensland, Australia. Greg was inspired to turn into concerned in sports activities from a younger age, and he initially grew to become enthusiastic about rugby, cricket, and browsing. Greg liked the ocean as a boy, and at one level he deliberate to turn into an expert surfer.

It was Greg’s mom Toini who taught him find out how to golf. Toini had Finnish heritage and a single-figure handicap. A 15-year-old Greg acted as a caddy for his mom on the Virginia Golf Club in Brisbane, finally bettering his personal sport drastically over a really brief time frame. By the time Norman had graduated from highschool, it was clear that he had the potential to turn into an expert golfer.

Career

Norman first went professional in 1976. That similar yr, he gained his first match on the West Lakes Classic in Adelaide. Next yr, he joined the European tour for the primary time, claiming victory in Scotland on the Martini International. By 1980, Norman was blowing the competitors out of the water on the French Open and different European tournaments.

In 1981, Norman made his debut on the masters and carried out properly to complete in fourth place in Augusta. He then gained the British Masters, and after following up with quite a lot of different wins, Norman grew to become the main cash winner on the European tour earlier than becoming a member of the united statesA PGA Tour. By 1984, Norman was starting to earn worldwide acclaim after sinking a powerful 45-foot putt on the U.S Open. In 1986, Norman made his title with the “Saturday Slam,” in any other case generally known as the “Norman Slam.” During this yr, Norman led all 4 majors by 54 holes. Throughout the yr, Norman was acknowledged all through {the golfing} group for his superb play.

A number of disappointments over the subsequent few years marred Norman’s profession, however he bounced again in 1993 with assist from coach Burch Harmon. He continued to win main tournaments all through the remainder of his profession earlier than taking a three-year break. When he returned in 2008, he grew to become the oldest 54-hole chief in a significant championship. This was primarily the final main contribution Norman would make to {the golfing} world, as accidents continued to carry him again. In addition, Greg Norman was focusing extra on entrepreneurial pursuits by the point anyway.

Marriages and Divorce Settlement

Greg has been married 3 times. His first marriage was to Laura Andrassy, a former flight attendant. The couple was wed 1981, they usually had two kids over the course of their relationship. Eventually, they divorced in 2007. Laura Andrassy subsequently acquired a $105 million settlement from Norman.

Following his divorce, he married tennis participant Chris Evert in 2008. Their marriage lasted for a bit over a yr, they usually separated in 2009. One yr later, Norman married his third spouse, inside designer Kirsten Kutner. Greg has two grandchildren.

Career Earnings

Greg Norman usually raked in additional than $1 million per yr from golf match earnings. In 1986, 1990 and 1995, he was the highest tour earner within the skilled golf world. In addition, Norman was the primary skilled golfer in historical past to generate greater than $10 million in profession earnings. To date, he has shattered this milestone with over $17 million in profession earnings.

Real Estate

Greg Norman has made appreciable investments in actual property through the years. Of explicit notice is an 11,600-acre ranch in Colorado. Known as Seven Lakes Ranch, the property includes a 14,000-square-foot major lodge, health middle, and spa. There are additionally superior equestrian amenities, visitor cabins, and a whole space dedicated to employees housing.

He established the ranch by buying three adjoining land parcels and connecting them into one property. His first buy was in 2004 for $9.5 million.

After investing closely within the improvement of Seven Lakes Ranch, in 2017 he put the property up on the market for $55 million. Unfortunately, it was troublesome for him to discover a purchaser, which compelled him to decrease the value to $50 million a yr later. In March 2020, he listed the property on the market for $40 million. At some level in early 2021, he lastly discovered a purchaser for almost $34 million. Here’s a video tour:

In 1991, Greg Norman bought a mansion in Jupiter, Florida, for $4.9 million. Years later, he tried to money in on the rise in property values, placing the mansion in the marketplace for a whopping $65 million. Two years handed, and Norman did not discover a purchaser as soon as once more. In 2018, he demolished the historic mansion on the property (a cottage that dated to 1902) and constructed a brand new family compound which the named “Tranquility”.

The residence, which was accomplished in the summertime of 2020, options 32,000-square-feet of residing house spanning a major home, visitor home, carriage home, pool home and boat home. The basement in the principle home has a 5,000-square-foot entertaining space with two wine cellars, sport room and movie show. The property has a tennis courtroom and dockage that may accommodate a 150-foot yacht.

In January 2021, Greg and his spouse Kiki listed the property for $59.9 million. They discovered a purchaser a number of months later for a reported $40 million.

Greg Norman Company

Norman based the Greg Norman Company in 1993. Over the years, the corporate had branched out into dozens of industries, producing tens of hundreds of thousands in income per yr. The firm is concerned within the design of golf programs, wineries, actual property, personal fairness, eyewear, clothes, meals, eating places, and extra. In 1991, he acquired a 12 % share of Cobra Golf, a number one golf gear producer, for $1.9 million. The total firm was acquired 5 years later, incomes Norman a $40 million revenue.