Deane Beman Net Worth 2023, Age, Salary, PGA Tour Career

Deane Beman net worth

Deane Beman Net Worth, Age, Salary: In this piece, you will get to know about Deane Beman net worth, salary and everything there is to know. But who is Deane Beman?


Deane Beman officially known as Deane R. Beman is an American professional golfer and golf administrator. He was the second commissioner of the PGA Tour, serving from 1974 to 1994.

Early life

NameDeane Beman
Net Worth$7 million
OccupationFormer pro golfer, Administrator
Age84 years
Deane Beman net worth 2023

Deane R. Beman was born on April 22, 1938 (age 84 years) in Washington, D.C., United States. Beman attended the University of Maryland in nearby College Park, where he was a two-time All-American on the Terrapins golf team. He had a career in the insurance field after graduation.

Beman qualified for the U.S. Open at age 17 in 1955. He qualified for the Master’s Tournament fourteen times and won the U.S. Amateur twice (1960, 1963), and the British Amateur (1959). He also lost a playoff to Gary Cowan for the 1966 U.S. Amateur.

Professional career

Deane Beman turned professional in 1967 at age 29 and won four times on the PGA Tour between 1969 and 1973. He led for two rounds at the 1969 U.S. Open and finished one shot out of a playoff.

Beman was considered short off the tee but complemented it with his short game. Injuries curtailed his playing career. He retired as a player and closed his business practice to become PGA Tour Commissioner.

Also Read: Rick Brace net worth

He was the second commissioner of the PGA Tour, succeeding Joe Dey in 1974. He introduced The Players Championship concept during this time and developed the Tournament Players Club network of courses around the United States.

Deane Beman converted the Tour into a 501-c6 non-profit organization and introduced pension plans for Tour players. Under his watch, the Tour’s board passed a policy requiring all tournaments to support a charitable initiative. Tour charitable contributions grew from less than $1 million a year in 1974 to more than $30 million in 1994.

He formed the Senior PGA Tour, now the PGA Tour Champions, for players 50 and older in 1980 and the Ben Hogan Tour (now Korn Ferry Tour) as golf’s developmental circuit in 1990. In 1983, the Tour expanded the number of exempt players from the top 60 on the season money list to the top-125.

At a meeting on February 28, 1994, The Presidents Cup, an international competition in conjunction with Deane Beman’s retirement announcement on the twentieth anniversary of his appointment as Tour commissioner. During his tenure, the PGA Tour’s assets grew from $400,000 in 1974 to a reported $260 million in 1994.

Deane Beman was succeeded as commissioner by Tim Finchem, who served for over 22 years. After stepping down as tour commissioner in June 1994, Beman resumed his playing career and competed in 69 senior events through the Constellation Energy Classic in 2005.

In 2003, Beman contributed to the design of Cannon Ridge Golf Club with golf architect Bobby Weed, but the golf course was closed for play in 2012 and later again in 2017.

Beman was inducted into the World Golf Hall of Fame in 2000 and was awarded the seventh PGA Tour Lifetime Achievement Award in 2007. A book chronicling his 20-year tenure as Commissioner was published in 2011, entitled “Deane Beman: Golf’s Driving Force,” by Adam Schupak.

Also Read: Tim Finchem net worth

His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential former golfers in the United States. Deane Beman stands at an appealing height of 1.71m and has a good body weight which suits his personality.

Deane Beman net worth

How much is Deane Beman worth? Deane Beman net worth is estimated at around $7 million. His main source of income is from his primary work as a former golfer and golf administrator. Deane Beman’s salary per month and other career earnings are over $500,000 dollars annually.

Read More Related Articles on