Scheduled for the first full week of April, the Masters is the first major of the year, and unlike the others, it is held at the same location, Augusta National Golf Club, a private course in the southeastern United States, in the city of Augusta, Georgia.
The Masters was started by noted amateur champion Bobby Jones and investment banker Clifford Roberts. The total prize money for the 2014 tournament was $9,000,000, with $1,620,000 going to the winner.In the inaugural year of 1934, the winner Horton Smith received $1,500 out of a $5,000 purse.
By tradition, the winner of the previous year's Masters Tournament puts the jacket on the current winner at the end of the tournament.
According to wikipedia