Fred Ridley is an American golfer and golf administrator who has played golf as a hobby and has been involved in overseeing golf organizations. He became the leader of the United States Golf Association (USGA) in 2004 and later took on the role of chairman at Augusta National Golf Club in 2017.
His net worth has attracted attention from fans and followers of golf because of his significant roles in golf administration. In this article, we will explore Fred Ridley’s net worth, including his valuable assets, sources of income, and notable achievements throughout his career.
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Fred Ridley Net Worth: How He Built His Fortune?
Fred Ridley is estimated to have a net worth of about $5 million. His wealth has been influenced by his executive roles in golf organizations and his position as chairman of Augusta National.
It’s important to note that net worth can vary over time based on the performance of investments and assets. Therefore, Fred Ridley’s net worth may change in the future depending on the success of his financial ventures.
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
Fred Scobie Ridley was born on August 16, 1952, in Lakeland, Florida. He attended Winter Haven High School in Winter Haven, Florida, and later enrolled at the University of Florida in Gainesville, Florida.
During his time at the university, Ridley played golf for the Florida Gators men’s golf team, led by coach Buster Bishop. In 1973, he was part of the Gators squad that won the NCAA championship, although he served as an alternate player.
Ridley graduated from the University of Florida’s College of Business Administration in 1974 with a bachelor’s degree in marketing.
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.
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.
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FAQs
Who is head of the Masters?
Fred Ridley
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.
