logo
Golfer Bryson DeChambeau's Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours

Golfer Bryson DeChambeau's Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours

Yahoo12-07-2025
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Professional golfer and two-time major champion Bryson DeChambeau's unorthodox approach to golf has earned him the nickname "The Mad Scientist." However, the real estate project DeChambeau has invested his golf earnings in might be the clearest example of his penchant for thinking outside the box.
DeChambeau is one of a group of professional golfers who left the PGA Tour to play LIV Golf. LIV is a Saudi-backed professional golf league that intends to rival the PGA Tour. Part of that effort included paying established PGA Tour players like DeChambeau massive bonuses to switch leagues. Golf magazine reports that LIV paid DeChambeau $125 million to come aboard. Despite that massive payday, DeChambeau likes to quip that he's "broke."
Don't Miss:
Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today.
$100k+ in investable assets? – no cost, no obligation.
That's not because he spent all his money on expensive cars and fancy houses. DeChambeau is committed to helping grow the game, and he's willing to put his LIV earnings at risk to accomplish his mission. He has used a significant portion of his earnings to buy real estate in his hometown of Clovis, California. DeChambeau intends to build a massive golf complex that will attract new players to the game and put Clovis on the map.
"You build a community around a multisport complex center," he told Golf. "It's going to take 12-15 months to get the permits approved for the full scope. It's over 200 acres of land that we have right now. It's going to be a multisport complex center — driving range, golf course, residential, community center, the whole thing." He told Golf magazine that he believes having all these facilities in one central location is key to his project.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet.
"Making it economically viable and more accessible are two massive things," DeChambeau told Golf magazine. "I've got a strategy right now that I'm implementing that people have heard. It's a strategy that essentially brings people from off the street, to the driving range, to lessons, and then to the golf course. "You have to have it at one place. At a community center, where it is easily accessible and easily affordable."
DeChambeau calls his plan a "mega-project," and he told Golf magazine he's been busily working on completing it for the past several years. We have acquired massive amounts of land in my hometown, and it is a three-phase process to build a whole community and increase the size of where I grew up by 30 %," he said. "It's a full-scale plan fully throughout [with] county, state, state assemblyman, city officials, [and] mayor."Golf magazine also notes DeChambeau is working on obtaining a conditional use permit that would allow students in the Clovis Unified School District to use the facility. If that happens, it will be one of the most unique public golf facilities in the country. It's a massive undertaking, and DeChambeau knows it wouldn't be possible without the LIV money.
"A lot of the reason why I have been able to do this is because of LIV," DeChambeau said. "They gave me the economic viability to do these things and the platform to be able to do it." The entire project is a massive undertaking, but it's also "on-brand" for DeChambeau. This is, after all, a man who won two majors playing with a set of irons that are all the same length.
Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O'Reilly and Rudy Giuliani are . This article Golfer Bryson DeChambeau's Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours originally appeared on Benzinga.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Inverse Finance snags $2.6m from DeFi investors to plug bad debt hole
Inverse Finance snags $2.6m from DeFi investors to plug bad debt hole

Yahoo

time12 minutes ago

  • Yahoo

Inverse Finance snags $2.6m from DeFi investors to plug bad debt hole

DeFi lending protocol Inverse Finance, with more than $178 million in investor funds, has patched a $2.6 million bad debt hole in the project's finances. A bad debt happens when a loan position cannot be repaid because the collateral used to borrow funds has lost a lot of its value, which leaves the lender with a hole in their finances. It can happen due to malicious exploits that drain liquidity from lending pools or a massive market decline that causes the price of collateral tokens to plummet. Shop Top Mortgage Rates A quicker path to financial freedom Personalized rates in minutes Your Path to Homeownership On Monday, Inverse Finance secured funds to service the bad debt by selling 104,000 of its native Inverse tokens to a cohort of DeFi investors. The token sale was for 25 Dola per Inverse token, to raise the $2.6 million required. Dola is the protocol's dollar-pegged stablecoin, while the Inverse token controls the protocol and absorbs financial risks. The latter is also the governance token for the DAO that controls the protocol. Given the relationship between both tokens, the deal effectively means investors are betting that the Inverse token's long-term growth potential can cover the bad debt liability, and the DAO proposal for the move did not hide this trade-off. 'This is our way of sending a message to everyone that Inverse DAO never abandons its users always repays its debts,' Nour Haridy, Inverse Finance founder, told DL News. Haridy called the repayment 'an investment into the future.' The Inverse tokens acquired by the investors will be locked for six months. Inverse tokens traded for more than $43 on Monday, a 72% premium on the cost basis of the DeFi investors. The bad debt traces back to malicious exploits on Inverse Finance lending markets that have since been deprecated. Those defunct lending markets suffered two malicious exploits in April and June 2022 that resulted in more than $24 million in losses. A portion of the bad debt also comes from Euler Finance's $200 million flash loan attack of March 2023. Euler has since recovered the hack and now holds more than $1 billion in investor assets, a 10-fold growth in 2025. 'A moral obligation' Monday's repayment whittles the protocol's bad debt exposure to $3.4 million, which the DAO plans to cover by borrowing from another lending protocol. Haridy said the protocol didn't have a choice but to cover the bad debt. 'Dola would've collapsed due to the elevated bad debt levels back then and more people would lose their money,' Haridy said. 'We had a moral obligation towards people who trusted Dola with their hard earned money and we chose to fulfill this obligation.' The repayment also comes as the protocol reached $100 million in loans on its fixed-rate lending market platform FiRM, another sign of recovery for a protocol that has suffered multiple crises. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him atosato@ Sign in to access your portfolio

Tennessee Titans waive/injured WR Treylon Burks
Tennessee Titans waive/injured WR Treylon Burks

Yahoo

time12 minutes ago

  • Yahoo

Tennessee Titans waive/injured WR Treylon Burks

The Tennessee Titans made a roster move on Tuesday after practice, waiving the injured Treylon Burks. Burks fractured his clavicle in practice on Saturday and will miss the beginning of the season while he heals. He has yet to play a full NFL season, last season appearing in just five games for the Titans. The former first-round pick out of Arkansas played in 11 games during his rookie campaign, and simply matched that in his second season before landing on injured reserve in 2024. He has not lived up to the first-round-pick expectations that teams put on players, so it's not surprising that the Titans are choosing to move on. However, because he's injured, if a team claims him off of waivers, he will revert to injured reserve and be subject to an injury settlement, should the Titans go that route. Given his injury history and lack of on-field production, Burks is hardly a player that teams clamor for. However, he still has a ton of upside if he can stay healthy. It just didn't pan out for the Titans. This article originally appeared on Titans Wire: Titans waive/injured WR Treylon Burks

I Asked ChatGPT What Elon Musk's ‘America Party' Means for My Taxes, Here's What it Said
I Asked ChatGPT What Elon Musk's ‘America Party' Means for My Taxes, Here's What it Said

Yahoo

time12 minutes ago

  • Yahoo

I Asked ChatGPT What Elon Musk's ‘America Party' Means for My Taxes, Here's What it Said

As the rift between Elon Musk and Donald Trump grows, Musk's recent announcement of the potential launch of an 'America Party' has splashed across the headlines. While the Tesla billionaire's 'America Party' is in its nascent stages, it could make an impact on the future of politics. For You: See Next: The entry of a new and potentially popular third party into American politics could shake things up. While no one can predict the future, I asked ChatGPT to give me an assessment of what Musk's 'America Party' would mean for my taxes — here's what it had to say. Potential Party Platform Musk hosted a poll on X asking whether or not he should launch the America Party. After a few days, he announced the results and that he would be starting the American Party. Although the America Party has launched, it doesn't have an official platform yet. Even so, ChatGPT summarized what the party might stand for. 'Elon Musk launched the America Party in early July 2025, positioning it as a centrist, fiscally responsible and tech-forward alternative to both Republicans and Democrats,' according to ChatGPT. Check Out: Potential Tax Impacts If fiscal conservatism is the focus of the new party, it's likely to have some impact on everyone's taxes, especially if it ever gains power. ChatGPT claimed the new party tax policies might focus on the following: Fiscal conservatism and deficit-focused: 'The America Party's platform likely emphasizes deficit reduction via tax restraint, potentially favoring higher taxes on wealthy earners, reducing loopholes or phasing out regressive tax cuts,' ChatGPT said. Green energy and tech incentives: 'Expect the America Party to advocate for restoring or expanding clean-energy tax credits, R&D incentives and other supportive structures for sustainable tech,' the chatbot said. Pro-business and tech-friendly tax reforms: With a potential focus on 'tech-driven, low-regulation attitudes,' ChatGPT predicted this could translate into business tax reforms, such as lower corporate tax rates and tax incentives for startups. Potential Impacts Vary Across Households If the America Party came to power and enacted its agenda, different households would see different impacts. '[Top earners] could face marginal increases if deficit-driven reforms target high-income brackets. But they may benefit from enhanced R&D or green-business credits,' ChatGPT said. For mid-income families, the chatbot claimed they 'could see relief if payroll tax adjustments or retention of EV or green subsidies are part of the agenda.' And for low-income households, the chatbot predicted 'direct gains likely from restored rebates, tax credits and possibly expanded earned income tax credit, contingent on the America Party's social policy platform.' Likely Impacts Right Now While the party's platform might be interesting, it's worth pointing out that it's not even on the ballot nationwide right now. Although the America Party is trying to get started, it's initially set it's sights on a few congressional races, which wouldn't immediately push the country toward its agenda. 'Minimal direct impact on your taxes for the short-term — unless America Party candidates win seats in 2026 and influence future bills, ChatGPT said. The America Party is getting off the ground. While it's building out a platform, it has yet to win any elections. Until it gains real influence, it likely cannot influence tax policies or your taxes directly. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on I Asked ChatGPT What Elon Musk's 'America Party' Means for My Taxes, Here's What it Said

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store