How Jordan Spieth Achieved a Net Worth of $41 Million

Spieth

There comes the point in life when you are faced with tough choices, but you still have to pick what seems best for you. Such a crossroads was in Jordan Spieth’s life at the tender age of 13 when he had to choose between baseball, his first love, and golf. He went with golf to fulfill his potential and according to him making that selection was the hardest day in his life, but it has paid off, maybe even more than he ever imagined.

In 2017, he was the 5th highest-paid golfer worldwide. Although the ranking was a drop since in 2015 he earned $53 million while in 2016, he made $52.8 million, Jordan Spieth continues to grow his bank account. So much has his fortune increased that he spent $7.1 million on a mansion in Dallas. However, he loves giving back to those in need through The Jordan Spieth Family Foundation. Most of Jordan Spieth’s net worth is from his winnings on the golf course and also sponsorships so let’s break it down for a better understanding of how he has achieved this much wealth

Endorsement contracts

The great thing about being a famous person is that even when you are not “working” so to say, you still make money just for being seen on television. That said, many brands will sign deals with celebrities so that whenever they appear on camera, they can be seen wearing their brand which can shoot the sales of the products over the roof. Jordan Spieth happens to be among those celebrities who have sparked an interest in several companies. So much is he such a force to reckon with that he became the fourth golfer to ever appear on Wheaties.

In 2016, Jordan signed a multiyear contract with Coca-Cola, and although the details of the financial terms remained sealed, it is evident that the company offered him quite an attractive deal. That fact was reinforced by Jordan’s agent, Danzi who said that the company was signing one of the best contracts ever made with an athlete.

In 2013, Under Armor signed Jordan, then only 18, an equipment deal which was not much but may have included free apparel. Maybe then they did not fully trust their money with the upcoming athlete, but that changed in 2015 when they signed him a new 10-year deal which reportedly was $20 million per year.

Most of his endorsement financial details remain a secret but people always speculate the amounts, others say that the estimated $30 million earned off-course is too high a figure while others claim it is low. His father insists that some of the estimations are close, but others are far-off, but he will never disclose the exact figures.

Whatever the amount, the fact remains that many companies want the young golfer to make money for them and since it is a mutually-beneficial relationship Jordan gets to make more money every year. However, some of the endorsement deals have been due to local connections. For instance Jordan and his brother, Steven attended Jesuit where John Stankey’s son also went. John is the CEO of AT&T Entertainment Group and both families developed a close relationship, and by the fall of 2014, Jordan was carrying an AT&T bag.

Jordan has other endorsement deals with Rolex, Titleist, Net Jets, Perfect Sense and Super Strokes. To get a glimpse of how valuable having the golfer’s logo is, having one on a golfer’s hat or shirt can cost from $250,000 and $2 million per year.

Golf earnings

Jordan Spieth makes money both on –course and off-course, and while the off-course earnings are predictable, the money he makes on the course varies every year. In 2015, the young Texan made $23 million in on-course money, after winning the Tour Championship in East Lake. The win also guaranteed him the FedEx Cup for that year and a bonus of $10 million.

In that entire season, Jordan had earned $10.5 from prize money, and the Tour Championship gave him an additional $1.5 million, breaking the record by Vijay Singh for the highest prize money won in a single year; Vijay Singh had made the record in 2004. Moreover, Jordan Spieth received $1 million from the Hero World Challenge which does not appear in the leaderboards.

During the 2017-2018 season, Jordan made the top 50 list by being number 33 with the PGA earning coming to a total of $2,793, 536 while the FedEx bonus was $165, 000.


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