High Quality Content by WIKIPEDIA articles! The O`Neill World Cup of Surfing is a prestigious event in surfing held annually at Sunset Beach in Hawaii. The event attracts over a hundred elite surfers from around the world. It is the second event of the Triple Crown of Surfing. The first competition was held in 1975. Of the 22 surfers who have won the event, 7 went on to become world champions. Top performers of the event share a prize money of $135,000 along with points which go to the Triple Crown competition. Brazil`s Raoni Monteiro, 28, became the first South American male in 20 years to win the O`Neill World Cup of Surfing at Sunset Beach for 2010.