High maximum external quantum efficiency (EQEmax), small efficiency roll‐offs, and long operational lifetime at practical luminances are three crucial parameters for commercialization of organic light‐emitting diodes (OLEDs). To simultaneously achieve these goals, it is desirable to have the radiative decay rate constant (kr) as large as possible, which, for a thermally activated delayed fluorescent (TADF) emitter, requires both a large S1→S0 radiative decay rate constant (krS) and a small singlet–triplet energy gap (ΔEST). Here, the design of a class of tetradentate gold(III) TADF complexes for narrowing the ΔEST while keeping the krS large is reported. The as‐synthesized complexes display green emission with close to unity emission quantum yields, and kr approaching 2 × 106 s−1 in thin films. The vacuum‐deposited green OLEDs based on 1 and 4 demonstrate maximum EQEs of up to 24 and 27% with efficiency roll‐offs of 5.5 and 2.2% at 1000 cd m−2, respectively; the EQEs maintain high at 10 000 cd m−2 (19% (1) and 24% (4)). A long LT90 device lifetime of 1820 h at 1000 cd m−2 for complex 1 is achieved, which is one of the longest device lifetimes of TADF‐OLEDs reported in the literature.