Fred Ridley, the Chairman of Augusta National Golf Club and the Masters Tournament, is a prominent figure in both the legal and golfing worlds. His multifaceted career spans decades, encompassing significant achievements in amateur golf, legal practice, and sports administration.
Early Life and Education
Born on August 16, 1952, in Lakeland, Florida, Fred Scobie Ridley demonstrated an early aptitude for golf. He attended the University of Florida, earning a bachelor’s degree in marketing in 1974. During his time there, he was an alternate on the Florida Gators men’s golf team that won the NCAA national tournament in 1973. Ridley furthered his education by obtaining a Juris Doctor degree from Stetson University College of Law in 1977.
Golfing Achievements
Ridley’s golfing prowess is highlighted by his victory at the 1975 U.S. Amateur Championship, making him the last U.S. Amateur champion who never turned professional. He represented the United States in the 1976 Eisenhower Trophy and the 1977 Walker Cup, securing wins in both events. Despite competing in major championships like the Masters Tournament, U.S. Open, and The Open Championship, he did not make the cut in these events.
Legal Career
Parallel to his golfing endeavors, Ridley built a successful legal career. He is a partner at Foley & Lardner LLP, specializing in real estate development and finance. His legal expertise extends to resort development and commercial real estate transactions. Ridley has also served on the firm’s Management Committee and was the national chair of Foley’s Real Estate Practice.
Leadership Roles in Golf Administration
Ridley’s administrative contributions to golf are substantial. He served as the President of the United States Golf Association (USGA) in 2004 and has held various leadership positions within the organization. In 2017, he was appointed Chairman of Augusta National Golf Club, becoming the first person to hold this position who had also competed in the Masters Tournament.
Net Worth and Financial Standing
Estimating Fred Ridley’s exact net worth is challenging due to the private nature of his financial affairs. However, various sources suggest that his net worth is in the multi-million dollar range, likely between $10 million to $20 million, considering his long-standing legal career and influential roles in golf administration.
Additionally, Ridley holds a position as an Independent Non-Executive Director at Starwood Property Trust, Inc., with reported holdings valued at approximately $873,142 as of March 30, 2025.
Personal Life
Fred Ridley resides in Tampa, Florida, with his wife, Elizabeth “Betsy” Herndon. The couple has three daughters. Despite his high-profile roles, Ridley maintains a relatively private personal life.
Influence and Legacy
Fred Ridley’s impact on the game of golf extends beyond his administrative roles. His commitment to preserving the traditions of the sport while embracing necessary changes reflects a balanced approach to leadership. Under his chairmanship, Augusta National has continued to uphold its esteemed reputation in the golfing community.
In summary, Fred Ridley’s multifaceted career and contributions to both law and golf have solidified his status as a respected figure in both arenas. His estimated net worth reflects the success he has achieved through decades of dedication and leadership.
