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Professional Golfer Greg Norman Net Worth: He Spent $4.95 Million Purchasing a Mansion in Jupiter

Greg Norman Net Worth

Greg Norman Net Worth

Australian professional golfer and businessman Gregory John Norman. Despite coming to the sport late, he has already won over 85 international competitions, including two “The Open Championships.” The ‘Official World Golf Ranking’ has him at the top spot for a record-setting 331 weeks in a row.

The local coastal animal of his birthplace, the shark, combined with his energetic golfing style, muscular build, and blond hair to give him the nickname “The Great White Shark.” What is his total lifetime income and current wealth?

Greg Norman Net Worth

Greg Norman is a professional golfer, and businessman from Australia, with a fortune of $400 million. Greg Norman has held the position of the world’s best golfer on multiple occasions, for a combined total of more than 300 weeks. The “great white shark,” as Norman is known, has won nearly 90 tournaments in his career.

Norman is not only a sports legend, but also a successful businessman, as he has proven time and time again. Norman is a successful businessman who has ventured into many other fields. Greg Norman is also well-known for his philanthropic efforts.

Greg Norman: From Golfer to Business Mogul

In 1993, Norman established the Greg Norman Corporation. The company had expanded into dozens of new markets and was now bringing in millions of dollars annually. Golf courses, vineyards, real estate, private equity, eyewear, fashion, cuisine, and more are all part of the company’s design portfolio.

For $1.9 million in 1991, he purchased a 12 percent stake in the successful golf equipment firm Cobra Golf. Five years later, Norman made $40 million when the company was acquired in its entirety.

Greg Norman’s Three Wives: A Tale of Heartbreak and Success

Greg is a three-time widower. Former flight attendant Laura Andrassy was his first wife. They tied the knot in 1981 and eventually had two kids together. Ultimately, in 2007, they separated. After suing Norman, Laura Andrassy was awarded a $105 million settlement.

In 2008, after his divorce, he wed tennis pro Chris Avery. They were married for just over a year before calling it quits in 2009. A year later, Norman wed Kirsten Kutner, an interior designer.

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Greg Norman’s Real Estate Portfolio: From Colorado Ranch to Florida Compound

Greg Norman has amassed a substantial real estate portfolio over the years. One ranch in Colorado that stands out is 11,600 acres in size. The main lodge, exercise facility, and spa at Seven Lakes Ranch are 14,000 square feet. In addition to the modern equestrian facilities, guest accommodations, and staff housing can be found on the premises.

He bought up three plots of land near one other and joined them to create the ranch. In 2004, he spent $9.5 million on his first investment.

After spending millions on developing Seven Lakes Ranch, he listed the property for $55 million in 2017. He had a hard time finding a buyer, so he dropped the price to $50 million a year later. The sale was announced in March 2020, with an asking price of $40,000,000. He found a buyer in early 2021, but the price was never disclosed. Check out this video tour!

Greg Norman spent $4.95 million purchasing a mansion in Jupiter, Florida back in 1991. Years later, he put the mansion up for sale for an outrageous $65 million, hoping to profit from the increase in real estate prices. After waiting for two years, Norman still had no luck selling his house. The original home on the land (a cottage from 1902) was torn down in 2018 and a new family compound called “Tranquility” was constructed.

Completed in the summer of 2020, the home includes a main house, guest house, carriage house, pool house, and boat house across a total of 32,000 square feet of living space. Two wine cellars, a game room, and a theater can all be found in the main house’s 5,000-square-foot entertainment space located in the basement. Dockage for a yacht up to 150 feet in length is available, and there’s also a tennis court on the site.

Greg and Kiki put the home on the market in January 2021 for $59.9 million. A buyer was finally located many months later and reportedly paid $40 million.

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