KPMG's U.S. firm has severed its longtime relationship with champion golfer Phil Mickelson after he was quoted making comments about the PGA Tour, a rival golf league sponsored by Saudi Arabia, and slain journalist Jamal Khashoggi.

KPMG confirmed on 22nd February that it had ended a relationship with Mickelson, which includes prominent branding on the golfer's hat, dating back to 2008. The statement said the two sides had 'mutually agreed' to end their partnership.

He turned pro in 1992 and has had a longer time horizon to build his net worth than younger athletes. Since then, the S&P 500 has risen 9.8% annually, including dividends reinvested. Applying that annual investment return to his disposable income results in a net worth of $875 million.

As for his net worth, the publication notes that Mickelson is worth $400 million, with most of his money coming from endorsements and sponsorships. He has also worked with Callaway Golf Company, Barclays, KPMG, Exxon Mobil, Rolex and Amgen on commercial deals.

- Just five minutes before a player meeting began at the Honda Classic, Phil Mickelson addressed unflattering comments about the PGA Tour and others associated with the proposed Saudi Arabia-backed, Greg Norman-led Super Golf League that would siphon off some of the game's biggest stars and rival the PGA Tour.

Pro golfer Phil Mickelson faces backlash for comments about Saudi-backed golf league. The championship golfer was dropped by longtime sponsor KPMG. Professional golfer Phil Mickelson has apologized for comments he made supporting a Saudi Arabia-backed golf tour, after they appeared to cost him one his biggest sponsors.

Amstel, KPMG and Workday all dropped Phil Mickelson in February over his explosive comments defending LIV Golf's financing despite the Saudi Arabian government's human rights record. Callaway put its sponsorship of Mickelson on pause to be re-evaluated at a further date.

KPMG, a global network of professional firms providing audit, tax and advisory services, has sponsored Phil Mickelson and been prominently displayed on his headwear since 2008. Full KPMG statement: KPMG U.S. and Phil Mickelson have mutually agreed to end our sponsorship effective immediately. We wish him the best.

Phil Mickelson wagered a total of more than $1 billion over three decades, and sustained gambling losses of close to $100 million, the golf superstar's former friend Billy Walters claims in a new book.

about $100 million Walter estimates Mickelson lost about $100 million while betting more than $1 billion over the past three decades. “The only other person I know who surpassed that kind of volume is me,” Walters wrote in Gambler: Secrets from a Life of Risk.

Over the past week, a number of sponsors have taken the decision to drop Phil Mickelson, with the fall-out coming after the six-time Major champion made controversial comments about the PGA Tour and Saudi Arabia. In an excerpt from Alan Shipnuck's upcoming book, titled 'Phil: The Rip-Roaring (and Unauthorized!)

$200 million HERTFORDSHIRE, England - For a guy who had just days prior signed a contract that would reportedly pay him some $200 million just for becoming a part of LIV Golf, Phil Mickelson did not exude much in the way of healthy vibes.