The Masters now has the highest prize fund of any major.

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The Masters announced Saturday that it will double its prize money, making it the richest major.

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The tournament announced that the total prize money for professionals will be $15 million this year,

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up from $11.5 million last year, where Hideki Matsuyama won $2.07 million for winning.

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The winner will take home $2.7 million and the coveted green jacket on Sunday night.

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Second place will get $1.62 million, and third place will get $1.02 million.

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The $12.5 million purse at last year's US Open is now the highest paying major.

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The Players Championship, with a $20 million prize pool, is the world's highest-paying golf tournament.

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