How Phil Mickelson Achieved a Net Worth of $375 Million

If you consider some of the wealthiest athletes alive today, several names likely come to mind. Is Phil Mickelson one of them? If not, it should be. He is worth a staggering $375 million, which is good enough to put him squarely in 18th place on Forbes newly released list of the wealthiest celebrities in the United States. You read that right – we are talking celebrities overall, and not just athletes. His net worth to date puts him right there in the pack between Rush Limbaugh and Barbra Streisand.

One of the Highest Paid Athletes

To put into perspective just how much wealth Phil Mickelson has accumulated throughout his professional career to this point, consider the fact that is the third wealthiest athlete in America. You can probably guess that the other two are none other than Michael Jordan and Tiger Woods. What is even more impressive is that he outranks every other salaried player out there today, including Alex Rodriguez, LeBron James, and even Kobe Bryant. That might leave you asking just how Phil Mickelson was able to achieve a net worth of $375 million and growing.

Hard Work and Dedication

Playing in an individual sport is no walk in the park. There were times when Mickelson wanted to give up and do something that did not put so much focus on himself all the time. However, his competitive spirit has always won out, even dating back to his college days at Arizona State University. That would lead him to a national championship. While he was obviously not paid as an amateur golfer, the stage was set for him to turn pro, and the money has followed ever since.

To date, Phil Mickelson has earned a total $665 million as a golfer. That is not bad at all considering he has no salary or contracts to guarantee him payments of any sort like athletes in team-oriented sports benefit from. While much of this money came from prize money, there are plenty of other sources to consider as well when talking about his overall wealth.

Sources of Income

Professional golfers have many ways that they can earn money. The first is through prize money. Mickelson has certainly won his fair share of that through the years. In fact, the latest estimate is that he was won an impressive $82 million from prize money alone since he first came on the PGA Tour in 1996. In this entire history of sports, this means that only seven athletes have actually earned more money through their playing than Mickelson has. One of those is Tiger Woods.

As you are probably well aware, the major athletes who are the most popular make a great deal of money from product endorsements. Phil Mickelson is certainly no exception. In fact, his endorsements have recently pushed him into first place as the highest paid golfer currently, as he just surpassed Tiger Woods on that list. To date, he has earned a total of $50 million from various sponsors. This amounts to quite a bit of money that he has made away from the golf course. Some of that money also includes appearance fees at various events, in addition to several golf course designs that he has completed. To put this in perspective, only tennis superstar Roger Federer and Basketball phenom have earned more money from sponsors and endorsements.

Sponsors

As mentioned, Phil Mickelson can thank a variety of sponsors through the years for allowing him to amass a personal fortune that is now in excess of $375 million. He has long been a sponsor of Callaway, which is the only major golf related product that he currently endorses. He has also been pictured through the years with such major international companies as Barclays, KPMG, Rolex, Amgen, and Exxon Mobile. These are just the major endorsements. Also, it is sobering to note that Phil Mickelson was formally diagnosed with psoriatic arthritis back in 2010. This disease has no cure and is incredibly painful. He has found a great deal of relief from using Enbrel and has since become a major endorser of the drug.

So, this is how Phil Mickelson has achieved a net worth of $375 million. It is important to remember that he still has some years of good golf ahead of him should he choose to keep playing. As such, you can count on his net worth only continuing to go up from here.