Is Greg Norman's net worth really $350 million dollars?

Greg Norman

March 29, 2022

Words by Matthew Taylor

Gregory John Norman AO is an Australian entrepreneur and retired professional golfer who spent 331 weeks as the world's Number 1 Official World Golf Rankings ranked golfer in the 1980s and 1990s. He won 89 professional tournaments, including 20 PGA Tour tournaments and two majors: The Open Championships in 1986 and 1993. Norman also earned thirty top-10 finishes and was the runner-up 8 times in majors throughout his career. In 2001, Norman was inducted into the World Golf Hall of Fame with the highest percentage of votes of any golfer to date. Norman's nickname is "The Great White Shark", which he earned after his play at the 1981 Masters.

Norman's business interests began during his playing career. He is the chairman and CEO of the Greg Norman Company, a global corporation with a portfolio of companies in fields including apparel, interior design, real estate, wine production, private equity and golf course design.

Norman has donated to and established numerous charities and charity events, like the QBE Shootout which benefits the CureSearch for Children's Cancer fund. He became a Trustee of the Environmental Institute for Golf in 2004 and received the Golf Writers Association of America's Bartlett Award in 2008 for his charitable work.

The average salary for athletes in the United States is around $49,143 per year. Not however, if you play in the NBA where the average salary is projected to be around $8 million this year. Even then, though, earnings vary greatly. While some of the top players (we’re looking at you, Stephen Curry) earned over $45 million last year, others didn’t even reach the million-dollar mark.

All sports aren’t created equal though and basketball doesn’t even make the top five highest earning sports. Ice hockey, tennis and soccer stars round out the top three, with athletes in those sports able to build a huge amount of wealth from their appearance fees alone.

Still, there’s always ways for athletes to increase their earnings. UFC fighter Conor McGregor managed to be the top earning athlete in 2021, but a sizeable amount of his income was due the sale of his majority stake in Irish whiskey distiller Proper No. Twelve. However, opportunities for athletes go well beyond business deals.

As is the case with actors, musicians and other celebrities, the golden ticket to building an athlete’s net worth tends to lie in endorsements, sponsorships and selling their name (and often photos) wherever they can. Athletes have to be careful about what they do and say though… more than a few athletes have lost their product endorsements and been dropped by a brand over a scandal or unwise comment.

Greg Norman

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