The World Golf Championships (WGC) are a group of four annual events for professional golfers created by the International Federation of PGA Tours. All four WGC tournaments are official money events on the PGA Tour, European Tour, and the Japan Golf Tour, and officially sanctioned by the Asian Tour, Sunshine Tour, and PGA Tour of Australasia.
All four WGC events offer comparable prize money to the major championships. In the pantheon of golf events, some rank WGCs immediately below the major championships and above all other competitions; however, others would put The Players Championship, the so-called "Fifth Major," above WGC events. The winner of a WGC event earns a three year PGA Tour exemption.