Fred Ridley is an American amateur golfer and golf administrator. He was chosen to lead the United States Golf Association (USGA) in 2004 and later took on the position of chairman at Augusta National Golf Club in 2017.
His net worth has drawn the attention of golf fans and followers due to his many responsibilities in golf administration. In this post, we’ll examine Fred Ridley’s net worth, as well as his important assets, income sources, and career-high points.
|Full Name||Fred Scobie Ridley|
|Net Worth||$5 million|
|Date of Birth||August 16, 1952|
|Place of Birth||Lakeland, Florida|
|Age||70 years old|
|Profession||American Amateur Golfer and Golf Administrator|
Fred Ridley Net Worth: How He Built His Fortune?
Fred Ridley’s net worth is estimated to be around $5 million. His wealth has been greatly influenced by his numerous executive roles in golf organizations and his function as chairman of Augusta National.
It is important to keep in mind, though, that Ridley’s net worth could change based on how well his investments and assets perform.
What is the Salary of Fred Ridley?
Fred Ridley receives $221,935 in total pay from Starwood Property Trust Inc. as the Independent Director.
Fred Ridley Early Life and Education
On August 16, 1952, in Lakeland, Florida, Fred Scobie Ridley was born. He went to Winter Haven High School in the neighboring town of Winter Haven, Florida. Ridley went to school in Gainesville, Florida, at the University of Florida.
He competed for the university’s Florida Gators men’s golf team under coach Buster Bishop and was an alternate on the 1973 NCAA championship-winning Gators squad. He earned a bachelor’s degree in marketing from the University of Florida’s College of Business Administration in 1974.
Fred Ridley Amateur Career
On the James River Course of the Country Club of Virginia in Richmond, Virginia, Ridley won the U.S. Amateur, the country’s premier amateur golf competition, in 1975.
After winning the match-play championship’s preliminary rounds against Curtis Strange and Andy Bean, he defeated Keith Fergus in the 36-hole finale. Ridley was recognized as the second-best amateur golfer in the nation by Golf Digest at the end of 1975.
He won the Monroe Invitational in 1976. Later in the year, in 1976, he again participated in the British Open. Ridley competed for the Eisenhower Trophy squad in 1976. He received a late-year ranking from Golf Digest of #10 among amateur golfers nationwide.
He participated in the British Amateur in 1977. He won two singles matches (both against Sandy Lyle) at the 1977 Walker Cup but lost his foursomes match.
Throughout the years 1974 through 1977, Ridley studied law. In 1977, he graduated with a Juris Doctor from Stetson University College of Law.
Fred Ridley Impact on Amateur Golf
Ridley didn’t pursue a career in it. Ridley is still the only American Amateur champion who never turned pro. During most of his career, Ridley worked as a lawyer and golf administrator. Ridley continued to participate in significant amateur competitions, nevertheless.
For instance, Ridley competed in the British Amateur in 1987. In addition, he led the US teams in 1987, 1989, and 2010 Eisenhower Trophy competitions. In 2004, Ridley won the USGA’s (United States Golf Association) presidential election.
Moreover, he has held the position of International Golf Federation co-chairman. He had been chosen to serve as the USGA’s chairman of the Championship Committee, Amateur Status and Conduct Committee, and International Team Selection Committee.
He had also been elected as a member of the executive board, treasurer, and vice president of the USGA. He was later named a “Distinguished Letterwinner” and inducted into the University of Florida Sports Hall of Fame. At the 2011 Masters Tournament, Ridley, an Augusta National Golf Club member, chaired the competition committee.
Augusta National made the announcement that Ridley would take over as club chairman from Billy Payne on August 23, 2017. On October 16, 2017, the day the team reopened for the 2017–18 campaign, Ridley assumed control.
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Fred Ridley Personal Life
Ridley practices law in Tampa, Florida, focusing on commercial real estate. He practices commercial real estate finance and development, planned unit development, resort development, and multifamily and condominium development.
He is a partner with the law firm Foley & Lardner. He is married to Elizabeth (“Betsy”) Herndon, who was a classmate of his at the University of Florida. Three daughters are theirs.
Frequently Asked Questions
Who is head of the Masters?
Who is chairman of Augusta National?
Fred Ridley, the chairman of the Augusta National Club, spoke about the new tee box and the inspiration behind its construction during his annual press conference on Wednesday.
How did Fred Ridley make his money?
During most of his career, Ridley worked as a lawyer and golf administrator.