McManus to host world's biggest charity golf event

Submitted by paulartherton on 26 June, 2005 - 00:00.

Irish financier and philanthropist, JP McManus, is hosting the world's most lucrative charity golf event on July 4th and 5th at Adare Manor in County Limerick. Held every five years, the last JP McManus Invitational Pro-Am raised ‚€20 million for local charities.

This year the event, which will be attended once again by golfing superstars such as Tiger Woods, Stuart Appleby, Padraig Harrington and Mark O'Meara, culminates in what its organisers describe as the biggest private party ever thrown in Ireland.

1,100 invitations have been issued to professional and amateur golfers, who include some of McManus's closest friends in the financial world. Apart from a few charity teams that have raised ‚€10,000 to enter, 56 amateur teams are paying ‚€100,000 to play.

McManus's philosophy is to help those who help themselves, so even the charity teams who managed to raise smaller amounts can, via a qualifier, where individuals paid just ‚€20 to enter, have a chance of playing alongside Tiger Woods.

The post golf party and auction is also an important part of the fundraising with a painting of McManus and his friends celebrating an Istabraq win going for ‚€1.4 last time.

Most recent estimates put McManus's personal wealth at ‚€730 million.

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