Just finished reading Alan Shipnuck's biography of Phil (if you're a golf nut I highly recommend it) Phil is a big-time gambler and according to one of his bookies a
rank sucker. Still and all, it's not like he can't afford it. The book also points out that his annual income has averaged about $40 million annually over the last twenty years.
He did sell his Gulfstream a couple of years ago .... so maybe he had to do some belt-tightening....