Fred Ridley is a prominent figure in the world of golf, as he is the current chairman of Augusta National Golf Club, the host of the prestigious Masters Tournament. But how much is Fred Ridley’s net worth, and what are his sources of income? In this article, we will explore his career highlights, important assets, and estimated net worth.
Career Highlights
Fred Ridley was born on August 16, 1952, in Lakeland, Florida. He attended the University of Florida, where he played for the golf team and graduated with a bachelor’s degree in marketing in 1974. He then earned his law degree from Stetson University College of Law in 1977.
Ridley had a distinguished career as an amateur golfer, winning the U.S. Amateur Championship in 1975. He also competed in three Masters Tournaments (1976-78), one British Open (1976), and one U.S. Open (1976), but failed to make the cut in any of them. He is the last U.S. Amateur champion to have never turned professional.
Ridley also represented the United States in several international competitions, such as the Eisenhower Trophy (1976) and the Walker Cup (1977). He later served as the non-playing captain of the U.S. Walker Cup teams (1987 and 1989) and the U.S. World Amateur team (2010).
Ridley became a member of Augusta National Golf Club in 2000, and was elected as its seventh chairman in 2017. He is the first chairman to have played in the Masters Tournament. As the chairman, he oversees the operations of the club and the tournament, and is responsible for making important decisions regarding rules, course changes, membership, and media relations.
Ridley is also a successful lawyer and a partner in the international law firm of Foley & Lardner LLP. He specializes in business and real estate law, and is the national chairman of the firm’s real estate practice. He has been recognized as one of the best lawyers in America by several publications.
Important Assets
As the chairman of Augusta National Golf Club, Ridley has access to one of the most exclusive and prestigious golf courses in the world. The club is estimated to be worth over $2 billion, according to Forbes. However, Ridley does not own any shares or equity in the club, as it is a non-profit organization that operates on membership fees and tournament revenues.
Ridley also owns a house in Tampa, Florida, where he resides with his wife Elizabeth Herndon and their three daughters. The house is valued at $1.3 million, according to Zillow.
Ridley also has a collection of golf memorabilia, including trophies, medals, clubs, balls, and photographs from his amateur career and his involvement with Augusta National. Some of these items are displayed at his office or at his home.
Estimated Net Worth
According to Famous People Today, Ridley’s annual salary as the chairman of Augusta National Golf Club is over $300,000. He also earns a substantial income from his law practice at Foley & Lardner LLP. His net worth is estimated to be around $2 million.
However, this figure may not reflect his true wealth, as he may have other investments or assets that are not publicly known. Moreover, his net worth may fluctuate depending on the market value of his properties or the performance of his law firm.
Ridley is not known to be extravagant or flashy with his money. He prefers to live a low-profile and modest lifestyle, focusing on his family and his passion for golf. He is also involved in several charitable causes, such as supporting junior golf programs and promoting diversity and inclusion in golf.
Fred Ridley is a respected leader and a revered golfer who has achieved remarkable success in both his professional and personal endeavors. His net worth reflects his hard work, dedication, and excellence in his fields of expertise.