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Lefty’s Drive: The Big Business of Phil Mickelson

With 45 PGA TOUR wins, six majors, and over a billion in career earnings, Phil’s place in golf history is secured. But even at age 51, his story is still being written.

Last year, Phil Mickelson experienced a career resurgence unlike one ever seen before on the PGA TOUR.

Through it all, Mickelson has built a business savvy over his career to assemble a portfolio that makes him one of the highest-earning athletes across all sports. In 2021, Mickelson also made his broadcast debut as a commentator on Turner Sports’ The Match 5 between Bryson Dechambeau and Brooks Koepka.

With age, Mickelson seems to get even savvier in every aspect of the game. He proved this in reportedly taking the inaugural $8 million grand prize for the Tour’s Player Impact Program.

But Lefty still has at least one score to settle — he’s chasing a long-elusive US Open win to round out a career grand slam. The refreshed Mickelson has his eyes laser-focused on continued success on and off the course.

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Phil Mickelson’s Earnings & Endorsements

  • 2021 PGA TOUR earnings: $2.7 million
  • 2021 total earnings: $42.7 million
  • Forbes ranking: No. 29 highest-paid athlete for 2021
  • Career golf earings: $94.8 million (No. 2 all time behind Tiger Woods)
  • Overall career earnings: $1.075 billion (No. 11 all-time in sports according to Sportico)
  • Estimated net worth: $400 million
  • Key endorsements: Amgen, Callaway Golf, Grayhawk Golf Club, Heineken N.V., Intrepid Financial Partners, KPMG, Melin, Mizzen+Main, Rolex, VistaJet, Workday

Recently, Phil has attributed his lifestyle overhaul to “coffee cleanses,” which he credits with suppressing his appetite and keeping him on track with his training goals. Never one to miss an opportunity, he developed a new product line called “For Wellness” with his long-time friend Dave Phillips. The brand’s signature offering combines MCT Powder, collagen peptides, and L-Theanine to help improve mental and physical performance.

Additionally, Mickelson has recently doubled down on what he knows best, following in the footsteps of the legendary Jack Nicklaus and getting increasingly involved in golf course design. In August, Mickelson and his coach, caddy, agent, and business partner Steve Loy sold six Arizona courses to Arcis Golf. While the terms of the deal are not publicly known, Mickelson is likely to have made a pretty penny.

Phil Mickelson’s Career Accomplishments

  • PGA TOUR wins: 45 (ranks No. 8 all-time)
  • PGA TOUR runner-ups: 37
  • PGA TOUR top 10s: 197
  • Major championships: 6 (3 Masters in 2004, ’06, ’10, 2 PGA Championships in 2005 and ’21, 1 Open Championship in 2013)
  • First left-handed player to win US Amateur Championship (1990)
  • Seventh amateur player to win a PGA TOUR event (1991 Northern Telecom Open)
  • Third left-handed player to win a major (2004 Masters)
  • At 50 years, 11 months, and seven days, became oldest playier in history to win a major (2021 PGA Championship)

After a brief hiatus from the game in 2019 during which he overhauled his lifestyle, Lefty re-emerged as a top Tour contender in 2021, and in May, he became the oldest player to win a major when he took a two-stroke victory over Brooks Koepka and Louis Oosthuizen for the PGA Championship at Kiawah Island.

As the new PGA TOUR season heats up, the 51-year-old Phil very much remains among the game’s top flight. And it comes as he chases the chance to round out a career grand slam with a US Open title.

Lefty’s Reach & Impact

This winter, Mickelson allegedly won the race as it relates to a different kind of impact: The inaugural year of the PGA TOUR’s Player Impact Program. Lefty took to his Twitter on Dec. 29, 2021 to share the news with his followers.

The PGA Tour had indicated that they would not officially publicize the outcomes for what was an overall $40 million purse, but PAC Chairman Charley Hoffman confirmed the news on Sirius XM’s PGA TOUR Radio.

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About The Author
Bernadette Doykos
Bernadette Doykos
Bernadette Doykos is the Senior Director of Editorial Strategy at Boardroom. Before joining the team, her work appeared in ELLE. She previously served as the head of evaluation for a nonprofit where she became obsessed with systems and strategy and served as the curator of vibes and extinguisher of fires for the design thinking firm Stoked. She is constantly plotting a perfect tunnel ‘fit and a playlist for all occasions.