The game of golf is very popular, and especially rich people play it around the world, from London to Dubai. Its popularity has grown exponentially in recent months since the onset of the coronavirus pandemic. According to a study published by the British “Gulf Mantley” website, the total number of people playing golf has increased by about 61%, which is equivalent to about 2.1 million people around the world.
Many people find golf a challenge that trains their mind and body, and an opportunity to relax and have a good time.
Golf is very popular, especially among the rich, and there are 9 main reasons why it is a favorite sport for this particular category.
1. Cost of equipment and membership
Golf equipment or at least high quality equipment is not cheap. There is a lot of equipment you need to play golf such as shoes, clothes and balls, and according to the Golf Mantley website, a set of high quality putters can easily cost up to $ 2,000, adding to the golf club membership fee, which ranges from $ 300 and $ 600 a month at public clubs, and up to $ 3,000 a month per member in private clubs, which explains why pursuing the hobby of golf is so expensive for the average unaffordable person.
Not only that, but to become good at golf, you will need to take some lessons, which can also be expensive, especially if you want a good teacher. Golf lessons range from $ 200 to $ 2,000 per month, according to the same source.
2. Golf is synonymous with social status
Due to the high cost of playing golf compared to other sports, golf has become associated with money and prestige. Therefore, even people who will not necessarily play golf sign up for a golf club and start playing it. It is not so much a tradition among the rich as a status symbol. When you play golf, many people automatically assume that you are rich.
Not only that, but being a member of an exclusive golf club, or an expensive golf club, brings a higher social status. Being a member of a luxury golf club with higher membership fees, which only the rich can afford, shows you are part of the “1%”. On top of that, some golf clubs can only join by invitation, so if you are a member of such a club, it means you have a lot of high level contacts, close to the elite.
The game of golf is an opportunity for networking among the rich
Golf clubs usually have very wealthy members. This includes business people, people who work in finance, investors, CEOs and even politicians. Many rich people who play golf do so not for the sake of the sport, but as an opportunity to connect with other rich people, and give them an opportunity to work with people for business transactions.
4. Fun sports
So far, we have discussed some of the non-game reasons why rich people play golf. However, there is no denying that the game of golf is fun for many people. Not everyone enjoys golf, but there is a lot of fun in it that makes people play it, and it is very exciting for them.
5. Golf does not require much physical effort
One of the things that can keep wealthy people from exercising is that some sports require a lot of physical effort. The problem is that some rich people often sit in offices, hold business meetings and make business calls from their limousines all day. All of this physical inactivity can be challenging for some physical sports.
Golf, on the other hand, does not require the same amount of physical effort. It is also a sport that does not require players to be in their best physical condition. Considering that very rich people are old. It takes time to build a fortune and prove yourself as an entrepreneur. For most people, it takes several decades of hard work, determination, dedication and dedication to amass enough wealth through successful business ventures.
According to a US study, the average age of wealthy Americans is 62 years, and for a person of this age, golf makes more sense than playing a sport such as soccer, basketball, or running. Also, although golf courses are often quite large, it is easy to navigate with golf carts.
6. Rich people have time
Many rich people play golf simply because they have the time to do it. People who work 5-9 hours a day may not be able to go to the golf course during the day. On the other hand, rich people have more flexible schedules.
7. It gives them a chance to relax
Golf is not just a real sport for the rich. It’s a way to spend a day in a nice environment, away from the hustle and bustle of the city. Golf courses often offer a refreshing oasis of green and serenity, which many wealthy people enjoy.
8. They can discuss business transactions
Sometimes rich people agree to meet on a golf course to discuss projects and transactions. Which provides an informal environment where they can talk without any distraction. It also gives two people a chance to connect and strengthen the relationship. When two people can spend time enjoying golf together, it’s easier to reach an agreement, soften differences of opinion, and come up with a plan for success.
9. Golf is a safe sport
Wealthy businessmen may not be able to afford to run the risk of being injured and missing important meetings and flights. If they are boxing or martial arts to relax, there is a very real risk of injury. Other sports also carry risks in Golf is a relatively safe sport, with a low risk of injury.