Greg Norman Net Worth

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

Greg Norman is an Australian professional golfer and entrepreneur who has a net worth of $400 million. Greg Norman built one of the most successful and globally recognized careers in professional golf, becoming both a dominant competitor and a major financial force in the sport. Norman rose from a late-blooming amateur to one of the most feared drivers of the golf ball, earning the nickname "The Great White Shark" for both his aggressive playing style and his Australian roots. He turned professional in the mid-1970s and quickly established himself on the European Tour before transitioning to the PGA Tour, where he became one of the defining players of the 1980s and 1990s.

Norman spent a remarkable 331 weeks as the world's number one golfer, won two Open Championships (1986 and 1993), and finished runner-up in multiple other majors, often in dramatic fashion. Known for his prodigious length off the tee and his fearless ability to attack pins, he collected more than 90 professional wins worldwide. While he never amassed the major tally of some contemporaries, his influence on the game — through television ratings, global touring schedules, and the international growth of golf — far exceeded his trophy count.

Beyond competition, Norman became one of golf's most successful businessmen. He founded Great White Shark Enterprises, which grew into a sprawling conglomerate involved in clothing, real estate, course design, eyewear, wine, hospitality, and private equity. His golf course design business became especially prominent, producing more than 100 courses across six continents. In later years, Norman reentered the spotlight through his controversial role as CEO and commissioner of LIV Golf, the Saudi-backed breakaway league that challenged the PGA Tour and sparked the biggest structural shift in professional golf in decades.

Early Life

Gregory John Norman was born on February 10th, 1955, in Mount Isa, Queensland, Australia. Greg was encouraged to become involved in sports from a young age, and he initially became passionate about rugby, cricket, and surfing. Greg loved the ocean as a boy, and at one point, he planned to become a professional surfer.

It was Greg's mother, Toini, who taught him how to golf. Toini had Finnish heritage and a single-figure handicap. A 15-year-old Greg acted as a caddy for his mother at the Virginia Golf Club in Brisbane, eventually improving his own game drastically over a very short period of time. By the time Norman had graduated from high school, it was clear that he had the potential to become a professional golfer.

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Career

Norman first went pro in 1976. That same year, he won his first tournament at the West Lakes Classic in Adelaide. Next year, he joined the European tour for the first time, claiming victory in Scotland at the Martini International. By 1980, Norman was blowing the competition out of the water at the French Open and other European tournaments.

In 1981, Norman made his debut at the masters and performed well to finish in fourth place in Augusta. He then won the British Masters, and after following up with a number of other wins, Norman became the leading money winner on the European tour before joining the U.S.A. PGA Tour. By 1984, Norman was beginning to earn worldwide acclaim after sinking an impressive 45-foot putt at the U.S. Open. In 1986, Norman made his name with the "Saturday Slam," otherwise known as the "Norman Slam." During this year, Norman led all four majors through 54 holes. Throughout the year, Norman was recognized throughout the golfing community for his amazing play.

A few disappointments over the next few years marred Norman's career, but he bounced back in 1993 with help from coach Burch Harmon. He continued to win major tournaments throughout the rest of his career before taking a three-year break. When he returned in 2008, he became the oldest 54-hole leader in a major championship. This was essentially the last major contribution Norman would make to the golfing world, as injuries continued to hold him back. In addition, Greg Norman was focusing more on entrepreneurial pursuits at the time anyway.

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Marriages and Divorce Settlement

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

Following his divorce, he married tennis player Chris Evert in 2008. Their marriage lasted for a little over a year, and they separated in 2009. One year later, Norman married his third wife, interior designer Kirsten Kutner. Greg has two grandchildren.

Career Earnings

Greg Norman regularly raked in more than $1 million per year from golf tournament earnings. In 1986, 1990, and 1995, he was the top tour earner in the professional golf world. In addition, Norman was the first professional golfer in history to generate more than $10 million in career earnings. To date, he has shattered this milestone with over $17 million in career earnings.

Real Estate

Greg Norman has made considerable investments in real estate over the years. Of particular note is an 11,600-acre ranch in Colorado. Known as Seven Lakes Ranch, the property features a 14,000-square-foot main lodge, fitness center, and spa. There are also advanced equestrian facilities, guest cabins, and an entire area devoted to staff housing.

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

After investing heavily in the development of Seven Lakes Ranch in 2017, he put the property up for sale for $55 million. Unfortunately, it was difficult for him to find a buyer, which forced him to lower the price to $50 million a year later. In March 2020, he listed the property for sale for $40 million. At some point in early 2021, he finally found a buyer for nearly $34 million. Here's a video tour:

In 1991, Greg Norman purchased a mansion in Jupiter, Florida, for $4.9 million. Years later, he attempted to cash in on the rise in property values, putting the mansion on the market for a whopping $65 million. Two years passed, and Norman failed to find a buyer once again. In 2018, he demolished the historic mansion on the property (a cottage that dated to 1902) and built a new family compound, which he named "Tranquility".

The home, which was completed in the summer of 2020, features 32,000 square feet of living space spanning a main house, guest house, carriage house, pool house, and boat house. The basement in the main house has a 5,000-square-foot entertaining area with two wine cellars, a game room, and a movie theater. The property has a tennis court and dockage that can accommodate a 150-foot yacht.

In January 2021, Greg and his wife, Kiki, listed the estate for $59.9 million. They found a buyer several months later for a reported $40 million.

Greg Norman Company

Norman founded the Greg Norman Company in 1993. Over the years, the company had branched out into dozens of industries, generating tens of millions in revenue per year. The company is involved in the design of golf courses, wineries, real estate, private equity, eyewear, clothing, food, restaurants, and more. In 1991, he acquired a 12 percent share of Cobra Golf, a leading golf equipment manufacturer, for $1.9 million. The entire company was acquired five years later, earning Norman a $40 million profit.

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