Re: Why is golf so crazy rich?
I think you can see the answer in the clothing of Phil Mickelson and Ernie Els. Mickelson is sponsored by Barclays and KPMG, Els by SAP and Boeing. Barclays is the only one of those that has private customers, and it has also companies as customers, like the others have. But why are companies with mainly corporate customers so prominent in golf? Well, many corporate bosses are interested in golf. So, those large companies want to be seen in golf competitions, and they can pay much for it (even though I'm not too sure that anybody buys a Boeing instead of an Airbus just because Els promotes it). And of course, those corporate bosses are rich, they can afford buying luxury products. So also luxury brands are interested in sponsoring golf.
Golf just has spectators that attract wealthy sponsors, and make large sponsorship deals profitable.
2014 Australian Open Champion | 2014 Monte Carlo Masters Champion | 2015 French Open Champion
2008 Paris Masters Champion | 2014 Toronto Masters Champion