The 1974 World Masters was a professional non-ranking snooker tournament held from 1 to 5 July 1974 at the Victorian Club in South Yarra, Melbourne, Australia.

[1] Cliff Thorburn won the title by defeating John Spencer 160–67 in the final.

[2] Thorburn, aged 26, was the youngest player in the event and the 8th seed.

[3] The eight players were divided into two round-robin groups to produce semi-finalists, with the semi-finals and final played on 5 July.

Thorburn led 81–29 after the first frame, and 160–67 at the conclusion, to win the title.