Cameron Smith has fired an eight-under 65 to hold off world No.1 Jon Rahm and win the PGA Tour’s Tournament of Champions in Hawaii.

The Queenslander finished at 34-under par, with Rahm a shot behind. It is Smith’s fourth PGA Tour win and second in Hawaii after winning the 2020 Sony Open on Honolulu.

Smith makes his debut in the world’s top 10 on the Official World Golf Ranking, at No.10 after his win.

Smith’s fellow Australian Matt Jones shot an eye-opening 12-under 61 to finish third at 32-under.

The overall prizemoney payout at Kapalua is $8.2 million split among 38 players, with Smith earning $US1,476,000 and last place still bringing home north of $100,000.

Here’s the prizemoney payouts for every golfer in the field at the no-cut event:

Win: Cameron Smith, -34, $US1,476,000 ($A2,047,000)

2: Jon Rahm, -33, $810,000

3: Matt Jones, -32, $515,000

4: Patrick Cantlay, -26, $367,500

5: Daniel Berger, -25, $335,000

T-6: Justin Thomas, -25, $261,500

T-6: Collin Morikawa, -25, $261,500

T-8: Kevin Kisner, -24, $217,500

T-8: Sungjae Im, -24, $217,500

T-10: Cam Davis, -23, $188,000

T-10: Marc Leishman, -23, $188,000

12: Xander Schauffele, -22, $170,000

T-13: Kevin Na, -21, $155,000

T-13: Hideki Matsuyama, -21, $155,000

T-15: Seamus Power, -20, $132,500

T-15: Talor Gooch, -20, $132,500

T-15: Patrick Reed, -20, $132,500

T-15: Max Homa, -20, $132,500

T-19: Tony Finau, -19, $123,000

T-19: Sam Burns, -19, $123,000

T-21: Jordan Spieth, -18, $119,000

T-21: Stewart Cink, -18, $119,000

T-23: Billy Horschel, -17, $115,500

T-23: Si Woo Kim, -17, $115,500

T-25: Erik van Rooyan, -16, $113,000

T-25: Garrick Higgo, -16, $113,000

T-25: Bryson DeChambeau, -16, $113,000

T-28: Brooks Koepka, -15, $110,500

T-28: Joel Dahmen, -15, $110,500

T-30: Viktor Hovland, -14, $108,000

T-30: Phil Mickelson, -14, $108,000

T-30: Harris English, -14, $108,000

T-33: Branden Grace, -13, $105,500

T-33: K.H. Lee, -13, $105,500

T-35: Lucas Glover, -10, $103,500

T-35: Abraham Ancer, -10, $103,500

37: Lucas Herbert, -8, $102,000

38: Jason Kokrak, -7, $101,000