‘No Reason for Me To Do So’: $400M Worth Jack Nicklaus Shared His Decision To Step Away From His 50-Year-Old Company in a Candid Conversation Once

The business career of Jack Nicklaus has been equally successful as his professional golf career. After stepping away from the sport, the legendary golfer gave his business, Nicklaus Companies, most of his valuable time. However, after turning 78 years of age in 2018, the Golden Bear decided to focus elsewhere apart from his endeavor. Let’s take a look at what other plans Nicklaus had for himself.

Nicklaus Companies is a conglomerate of several golf-related businesses ranging from the designing of golf courses to selling merchandise and other similar products of the legendary Jack Nicklaus. The golfer had been part of the corporation since its inception in 1970.

Nonetheless, in 2018, the 18-time Major winner decided to step away from his company, passing on the responsibility to the management firm of Howard Millstein. But why did the Hall of Famer decide to quit his business career?

Why did Jack Nicklaus resign from his own company?

In 2018, the Nicklaus Companies were recognized as one of the Top-100 golf businesses by the National Golf Foundation. However, that same year, the Golden Bear decided to call it quits with his beloved company. He then was interviewed by Golf Digest to discuss his decision.

“I have spent my life building the Nicklaus Companies”, said the legendary golfer before claiming he wants to reduce his level of involvement in the company. Nicklaus then said, “I am very interested in, such as charity work—specifically efforts focused on children’s healthcare—supporting the industry’s initiatives to grow this great game”.

Read More: Jack Nicklaus Sold His First-Ever Rolex Watch, Which Witnessed Him Win Plenty of Titles Since 1967, for $1.2 Million in a 2019 Auction

Jack Nicklaus further disclosed how his health and enthusiasm are still top-notch and have no role in his decision to step away. The golfer added, “I didn’t want to make a big deal out of it, and there is no reason for me to do so”. Nicklaus continued to claim his support for his company even after his big decision.

Following his announcement regarding his company, the Golden Bear had some words to share about his beloved wife and family.

Nicklaus wants to dedicate his life to his wife

The Hall of Famer married Barbara Nicklaus in 1960. Though Nicklaus had to spend most of his pro career on the road and later with his business endeavors, he finally managed some valuable time with his wife following his retirement from both careers.

“Barbara spent much of her life supporting me and my career, and for the last few years I have tried to dedicate my time and energies to supporting her and what she is involved in”, Jack Nicklaus said. He then also thanked Howard Millstein who would be taking over Nicklaus’ duties at the company.

The 82-year-old said, “I would like to thank Howard. He has enabled me to monetize what I have built in this company”. Nonetheless in 2022, the relationship between the golfer and Millstein turned sour after Nicklaus sued his own company. Regardless of what occurs on the court, the golf world only hopes for a similar end to his business career as his playing career.

What are your thoughts on Jack Nicklaus’ words? Let us know in the comments section below.

Watch This Story: Jack Nicklaus Supported Tiger Woods After His Honest Assessment of Donald Trump in 2018