The Professional Golfers Association (PGA) was established in the early 20th century. The British star trio James Braid, J.H. Taylor and Harry Vardon were members. In 1901 the first PGA tournament took place. One of the first professional golfers that could live exclusively on his golf earnings was the American Walter Hagen. “Sir Walter” won five PGA tournaments, four British Opens and two US-Opens and lived the dream and life-style of a millionaire. Today, many golf pros continue to live the good life.