Fred Ridley’s net worth is believed to be in the millions of dollars.
According to Golf.com, three-time Masters champion Phil Mickelson, who also won the PGA Championship last year, announced his retirement from golf on Twitter on February 22.
This occurred after he made contentious remarks about a new Saudi-sponsored golf league. Similarly, on March 21, Augusta National confirmed Mickelson’s withdrawal from the Masters, but provided no other details.
However, the club chairman, Fred Ridley, stated lately, prior of the competition, that it was Phil’s personal decision.
Fred Ridley’s Impressive Net Worth In 2022
In 2022, Fred Ridley’s net worth is estimated to be $2 million. He is an amateur golfer and golf administrator from the United States.
Coach Buster Bishop’s Florida Gators men’s golf team was his first stop in the sport when he was a student at the university. In 1973, he was an alternate for the Florida Gators golf team, which won the NCAA national title.
According to Wikipedia, he also won the U.S. Amateur at the Country Club of Virginia’s James River Course in Richmond, Virginia, the country’s most prestigious amateur golf championship. In 1976, he also won the Monroe Invitational. He competed in the 1976 British Open later that year.
In 1976, he was a member of the Eisenhower Trophy-winning team. Late in the year, Golf Digest ranked him as the country’s #10 amateur. He, on the other hand, never became pro.
For the majority of his career, he worked as a lawyer and golf administrator. He was elected president of the United States Golf Association (USGA) in 2004. He has also served as the co-chairman of the International Golf Federation.
He’s also chaired the USGA’s Championship Committee, Amateur Status Committee, Conduct Committee, and International Team Selection Committee, among others. He also served on the USGA’s executive board as treasurer and vice president.
As a “Distinguished Letterwinner,” he was inducted into the University of Florida Athletic Hall of Fame. He is also a member of Augusta National Golf Club and sat on the competition committee for the 2011 Masters Tournament.
On August 23, 2017, Augusta National announced that he would succeed Billy Payne as chairman of the club. Ridley took assumed the post on October 16, 2017, when the club reopened for the 2017–18 season.
As a result, his long career in sports and law provides him with a source of cash.
Fred Ridley’s Salary: How Much Does He Earn Per Year?
Fred Ridley has been tight-lipped about his earnings. As a result, no one knows how much he earns each year.
According to some accounts, he earns $400k as chairman of Augusta National. However, the precise amount of his earnings has yet to be revealed.
Nonetheless, looking back on his career, he has amassed a wealth of experience and is compensated well wherever he goes. This is because, over the course of his decades-long career, he has steadily increased his value in the sports industry through consistent hard work and dedication.