Kristoffer Reitan immediately loses $1.5 million | Golf News
Kristoffer Reitan celebrates his Truist Championship win (Image: undefined)
Kristoffer Reitan pocketed $3.6 million for his victory at the Truist Championship at Quail Hollow, but the Norwegian golfer stands to lose a significant slice of his first-ever PGA Tour win earnings.
Reitan carded 15 under par to secure his debut PGA Tour title at the Truist Championship, heading off a late problem from Rickie Fowler and Denmark’s Nicolai Hojgaard by two strokes. He paid tribute to his dad and mom after sealing the win, noting that they’d made him prioritize golf over soccer.
Although Reitan more than doubled his profession earnings at Quail Hollow, it barely scratches the floor for the Norwegian household, whose estimated internet price stands at $8.9 billion. The Reitan household is no stranger to handing over substantial sums to the tax authorities, and Reitan will forfeit 41 % of his Truist Championship prize money.
Reitan is liable to pay 37 % of his $3.6 million winnings in federal taxes, which means $1,332,000 will probably be deducted. Furthermore, as the Truist Championship was held in North Carolina, Reitan will also be subject to state income taxes.
Kristoffer Reitan gained his maiden PGA Tour title at the Truist Championship (Image: Getty)
North Carolina imposes a flat income tax price of 3.99 %, ensuing in an further $143,640 deduction. All told, roughly $1,475,640 of Reitan’s prize money will probably be withheld.
Reitan was left speechless after holding off Fowler and Hojgaard to declare victory at Quail Hollow, with his final-round 2-under 69 proving adequate to secure the win.
“I don’t have any words, to be honest,” Reitan said after the ultimate spherical. “This is way more than I expected, and for it to happen this quickly is just unreal. Yeah, a dream come true.”
The 28-year-old beforehand misplaced his DP World Tour card but secured PGA Tour standing for the 2026 season. Reitan explained that taking a break from golf in the end made him a stronger participant.
Kristoffer Reitan earned $3.6 million at the Truist Championship (Image: Getty Images)
“It helped me find my game again,” Reitan said. “It helped me discover my talents again. Yeah, that was something really important to me, which I try to remind myself of every single day. So that was definitely a huge thing for me getting back and starting to play some good golf again.”
Reitan also expressed gratitude to his dad and mom for encouraging him toward golf, despite his childhood ardour for soccer. Reitan’s dad and mom acknowledged his means and introduced him to Spain every Christmas to prepare.
“They have made golf a very, very high priority in our household,” Reitan said. “They have definitely made a great, great effort to at least help me get to the place I am today, and I couldn’t be more grateful.”
Reitan’s household boasts an spectacular internet price of nearly $9 billion, courtesy of his grandfather, a retail tycoon. He controls one of Scandinavia’s largest grocery and comfort store chains, with 38,000 workers.
The bulk of the business is managed by Reitan’s father, Magnus, and the Reitangruppen empire stays extremely profitable. Reitan is also thriving on the course following his Truist Championship victory. His PGA Tour earnings prior to Sunday’s triumph stood at $1.67 million across 14 occasions.
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