Greg Norman Net Worth, Money and More

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NET WORTH : $ 350 MILLION

Greg Norman

Gregory John Norman is an Australian professional golfer and entrepreneur who spent 331 weeks as the world’s Number 1 ranked golfer in the 1980s and 1990s. He has won over 85 international tournaments in his career, including two majors: The Open Championship in 1986 and 1993. His company, Great White Shark Enterprises is focused on golf related industries and supplies including golf course design, clothing, and luxury goods.

His interest in the game started with an unusual offer to his mother that he caddy for her during a regular mid-week game. Following the round, he asked if he could borrow her clubs and set out on his own. What his mother could not have imagined was that the young boy who had never taken an interest in the game would become one of the greatest golfers the game has ever known.

Golf Career and Legacy

Greg Norman playing Golf

Greg Norman was one of the major figures in golf in the 1980s and 1990s, a player noted for his exceptional driving, his power and aggressiveness on the course – and for having terrible luck. During his golf career, Queensland-born Norman won 91 professional events including 20 US PGA Tours, enabling him to become the first person in PGA Tour history to surpass $10 million in career earnings. Perhaps this was the first sign Norman’s love for the game extended beyond the glory of eagles and birdies. Greg Norman was inducted into the World Golf Hall of Fame in 2001. A six-time PGA Tour of Australia Order of Merit winner (1978, 1980, 1983, 1984, 1986, 1988), Norman was also the European Tour Order of Merit winner in 1982. In 1995, he was named as the PGA Tour Player of the Year and PGA Player of the Year. He is also a recipient of the Vardon Trophy, Byron Nelson Award, Old Tom Morris Award and Charlie Bartlett Award.

Business

Though he no longer plays much competitive golf, the Aussie has become a strong businessman off the course, building Great White Shark Enterprises into an empire that includes golf course design, apparel, development and production companies, merchandising and licensing, wineries, and even his own brand of beef. He is an important figure in the development of Cobra Golf into a major brand.

  • Norman has devoted much of his time to golf course design and established his Greg Norman Golf Course Design in 1987. GNGCD has completed more than 70 golf courses on six continents
  • Medallist Developments and Southern Cross Developments are his joint ventures in the real estate industry. They offer luxurious lifestyle villas and apartments and operate out of Florida.
  • He became a wine lover in the 1970s while playing at tournaments in Europe. In the 1990s, Norman partnered with winemakers from Beringer Blass to launch Greg Norman Estates wineries.
  • Norman and Australia’s leading beef producer, Australian Agricultural Company, have a venture to develop and export a line of Greg Norman-branded premium steaks and beef products.

Property

Greg Norman Jupiter Island Estate

Greg Norman owns a $65 million ocean view luxury estate on Florida’s ultra-exclusive Jupiter Island, a favourite with some of the world’s wealthiest and most reclusive celebrities and businessmen. Norman’s spread, which stretches across the island, is 8 acres and has 16,000 square feet of air-conditioned space. The house includes a 50-foot pool.  The oceanfront estate features a pair of beachside guest cabanas, a grilling house, garaging for 17 cars and a 140-foot-long dock. The two-bedroom, two-bath guesthouse on the shores of the Atlantic estate is equipped with a living room, dining room, kitchen, gas fireplace, oak beams and hardwood floors. He also owns many undisclosed properties in England , Australia and U.S.A.

Greg Norman Champions Golf Academy

He owns the Greg Norman Champions Golf Academy, The 10,000-square-foot facility, the second largest of its type in the United States, is located at Barefoot Resort, and is also home to his restaurant, Greg Norman’s Australian Grille.

Greg Norman's yacht

Norman has owned a succession of increasingly large and luxurious boats, currently he owns a $70 million yacht called the “Aussie Rules”.  At 228 feet in length, at the time it was the world’s largest privately owned aluminium and composite yacht.

Norman was an early customer for the Boeing Business Jet, which he had ordered with custom fitted bedroom and office. He is also the owner of a Gulfstream V which is a business jet aircraft and a Bell 407 helicopter.

Personal Life

Greg Norman with Laura Andrassy

Norman had a brief romance with British tennis player Sue Barker before he met Laura Andrassy, an American flight attendant. Norman married Andrassy on 1 July 1981. They have two children: Morgan Leigh, and Gregory. In May 2006, Norman announced he and his wife would divorce. The divorce settlement was finally reached in which he had to provide Laura Andrassy with a total of a staggering $105 million. It is one of the costliest and most talked about divorce settlements in history.

Greg Norman with Chris Evert

In September 2007, Norman announced he and American former tennis champion Chris Evert would marry. They were married in a multimillion-dollar event at the One and Only Ocean Club on Paradise Island in the Bahamas.  A host of celebrities attended the lavish wedding, including former US presidents Bill Clinton and George Bush Sr., singer Gwen Stefani and her husband Gavin Rossdale, and comedian Chevy Chase. The couple parted ways in 2009.

As of now, Norman is married to interior decorator Kirsten Kutner. They married each other at a private ceremony in Necker Island in 2010.

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