(CNN) -- Northern Ireland's Rory McIlroy is $2 million richer on Sunday after holding his nerve to beat American Anthony Kim in a play-off at the Shanghai Masters at Lake Malaren. With both players sending their approach shots into the same greenside bunker, Kim missed his resulting three-foot putt, allowing world number three McIlroy to tap home from two feet to collect the richest current first prize in golf. "It was a very important win. I'll be the first to say I have not won enough in the last four years as professional and could have done a lot more," McIlroy told reporters.
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Rory McIlroy holds his nerve to win the Shanghai Masters in a play-off
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The world number three defeats American Anthony Kim on first extra hole
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McIlroy collects $2 million for his victory, the joint richest first prize in golf
That score tied with @placeholder's four-round effort, although a final round three-under par 69 ensured he was the only player to card four sub 70 rounds.