Phil Mickelson Net Worth: Endorsements & Yacht

Phil Mickelson is an American professional golfer who plays for LIV Golf. He has won 45 events on the PGA Tour, including six major championships. Top golf player Phil Mickelson has a net worth of $300 million as of 2024.

Mickelson took leave for a while from the 2022 Masters Tournament as he wanted to spend quality time with his family and also withdrew from PGA Championship. But he came back to play LIV Golf Invitational Series.

Moreover, his net worth is accumulated from his prize money and endorsements.

The 53 years old golf legend learned the game very early in life from his pilot father.

By the time he was in college, Phil was already a legend, winning three NCAA individual championships, three Haskins Awards, and four first-team All-American honors.

Phil has had decades of a fulfilling career and is still going very strong. Even after undergoing different health problems, he recovered quickly to return to the game.

Inside the top 50 of the Official World Rankings from November 1993 to November 2019, Mickelson spent 26 years becoming the only player in the history of the sport ever to do so.

This article will explain how Phil has made this insane amount of money and how he spends it. But before that, here are some awesome facts about this legend!

Quick Facts

Net Worth & Salary

Mickelson is the second top earner with $94.96 million in career tournament winnings as of 2022, just behind the legendary Tiger Woods.

He has earned over $90 million just as his prize money.

Meanwhile, his total career earnings are more than $800 million. Among that, $750 million comes from endorsements.

Phil Mickelson earns around $50 to $60 million every year. Of the total sum, around $10 million is estimated to be his salary and prize money, while the additional $50 million comes from brand deals and endorsements.

In the past years, his income was estimated at $40 million between the time period of June 2017 to June 2018. Similarly, in the following year, he earned around $50 million.

In the 2018 head-to-head competition between Phil and Tiger Woods, where Phil won, he claimed $9 million in prize money.

Besides that, he also works as a golf designer. He has designed many golf courses throughout the world, from Shanghai to Calgary.

In 2020, he was ranked 25 on the Forbes list of highest-earning athletes.

House, Cars, & Jet

Phil lived in Rancho Sante Fe with his family for a long time. Their home was a 4.55-acre property that they bought for $6 million.

The property was listed for sale in 2008 for $12.2 million. But unfortunately, it didn’t get any buyers, and it was finally sold in 2015 for $5.725 million.

From 1999 to 2012, Phil lived in a La Jolla, California. While they bought the property for $1.65 million, they sold it for $2.745  million.

Phil Mickelson bought a property in January 2020 in Florida, where he is building a new house. Jupiter, South Florida, is the residence of the topmost athletes, including Tiger Woods and Michael Jordan.

The amount he paid for this property is undisclosed, but keeping in mind the status of the place, it must have cost tens of millions!

Cars

With his massive net worth, Phil can afford the most luxurious cars. He also gets new cars as part of sponsor deals.

Some cars we know he owns are Aston Martin vanquish and Bently Continental G.T., His Aston Martin, costs above $400k while his Bently costs $200k.

Private Jet

Needless to say, he also has treated himself with a private jet.

His 14-seater Gulfstream V has a price of $40 million. This long-range business jet has a top speed of 966 km/h.

But, even after having a pilot’s license in his name, he refrains from taking the flying seat.

Business

Being one of the best golfers out there, it is given he works on promoting golf. Phil has collaborated with other investors to open six golf courses around Arizona.

These courses offer private memberships for an annual fee. Similarly, in 2020 Phil announced an extraordinary new business venture.

He collaborated with his friend Dave Phillips to start his own brand of coffee! Both friends share a passion for good coffee, which inspired them to start Coffee for Wellness.

It offers signature products that combine MCT Powder, Collagen Peptides, and L-Theanine to help improve mental and physical performance.

Endorsements

Many brands have approached him to work with them. Some of the major brands under his belt include Rolex watches, Ford Motors, ExxonMobil, and KPMG.

He began endorsing the drug named Enbrel in 2010 after being treated for psoriatic arthritis.

The legend also had a contract with Barclays for 15 years that lasted till 2016. The rich golfer is mostly seen sporting expensive Rolex Watches.

During that period, he was not charged with the crime, even after he was named by the SEC as a “relief defendant” in an insider trading case.

Other brands he has worked with include Titleist, Grayhawk, Callaway, Amgen, and Intrepid Financial Partners.

Only in 2020 did he start endorsing Amstel Light and Melin (hat brand).

Mickelson lost many sponsors, including KPMG, Amster Light, and Workday, in 2022 after he commented about the Saudi-backed golf league, LIV Golf.

In an interview, Phil allegedly gave a controversial Islamophobic view on the conservative rules of Saudi.

He stated that Saudis are “scary m**********s to get involved with… We know they killed and have a horrible record on human rights. They execute people over there for being gay. Knowing all of this, why would I even consider it? Because this is a once-in-a-lifetime opportunity to reshape how the PGA Tour operates.”

Lifestyle

Phil Mickelson enjoys a luxurious life with the millions he has made in his career. He has many properties, cars, and even a jet and is a family person.

Phil is close to his family, who are with him in most tournaments. Furthermore, he has expressed that being around his family makes him feel more special than winning any tournament.

Phil surprised everyone in 2019 when he shared a photo showing his newly-toned body. He lost 15 pounds in 10 days with a ‘hard reset’ diet.

This amazing transformation left fans wondering if there’s anything that Phil cannot do.

Books

Phil has written a few books, recollecting his experiences as a golfer. However, his 2005 book One Magical Sunday is a close-up journey of his personal and professional life.

The title is derived from his magical win at the 2004 Masters. Another book based around golf is his 2009 book Secrets of the Short Game.

As mentioned in the title, the book contains tips and tricks that a golf enthusiast might find helpful. This book was well-loved by readers, with mostly favorable reviews.

Phil Mickelson is also credited as a co-author of the 2011 book Unconscious Putting: Dave Stockton’s Guide to Unlocking Your Signature Stroke. This book is available in paperback, hardcover as well as in the form of audiobooks.

Philanthropy

When you have a net worth of $300 million, you are expected to give back to society, and in this case, Phil does not let you down!

Phil and his wife Amy founded their own charitable organization, ‘Birdies For the Brave.’ It is the PGA Tour’s national military outreach platform.

Likewise, the foundation helps raise funds for providing financial aid and rehabilitation programs to military members, veterans, and their families.

For every bride and every eagle he makes, he donated $100 and $500 to this charity.

There is also the Phil and Amy Mickelson Foundation, established in 2004. This foundation supports various youth and family initiatives. It supports educational and scientific endeavors.

Other causes and charities that Phil has supported include:

• Special Operations Warrior Foundation
• Mickelson ExxonMobil Teachers Academy
• Homes For Our Troops Inc.