Arnold Palmer, also known by the nickname "The King", is a former professional golfer. He began his professional career in 1955 and won the Canadian Open in his debut season, earning $2,400. His first major championship victory came at the 1958 Masters Tournament, where he claimed the title and a prize of $11,250. In his career, Palmer secured seven major championships, including four Masters titles (1958, 1960, 1962, 1964), one U.S. Open (1960), and two Open Championships (1961, 1962).
In 1963, Palmer served as the last playing captain of the U.S. Ryder Cup team and returned as a non-playing captain in 1975. He also made history by winning the inaugural World Match Play Championship in England. Palmer's contributions extended beyond the golf course, earning him both the Presidential Medal of Freedom (2004) and the Congressional Gold Medal (2009). He was the first golfer to receive the former and the second after Byron Nelson, to receive the latter.
| Full Name | Arnold Daniel Palmer |
| Net Worth | $700 million (as per Celebrity Net Worth) |
| Born | September 10, 1929 |
| Died | September 25, 2016 (aged 87) |
| Residence | Pittsburgh, Pennsylvania |
| Position | Golfer, Businessman |
| Marital Status | Married |
| Source of Wealth | Golf, Endorsements, Business |
| Endorsements | Wilson Golf Clubs, United Airlines, Holiday Inn, Westin Hotels, Qantas Airlines, Rolex, Ford Motor Company, Heinz Ketchup, Allstate Insurance, Pennzoil, Hertz, and more (as per Celebrity Net Worth) |
| Endorsement Earnings | $1.3 Billion (as per Celebrity Net Worth) |
How much is Arnold Palmer's net worth?
Arnold Palmer had a net worth of $700 million, as reported by Celebrity Net Worth.
Arnold Palmer's Salary
Arnold Palmer's career earnings are $1.4 billion, as reported by Forbes in December 2017. Forbes ranked him number 3 on the list of the 25 Highest-Paid Athletes of All Time. During the 52 years he spent competing on the PGA Tour and the Senior Tour, Palmer earned $3.6 million in prize money, as per Celebrity Net Worth.
Arnold Palmer's Endorsements
Arnold Palmer secured numerous endorsement deals throughout his career, partnering with brands such as Wilson Golf Clubs, United Airlines, Holiday Inn, Westin Hotels, Qantas Airlines, Rolex, Ford Motor Company, Heinz Ketchup, Allstate Insurance, Callaway Golf, Pennzoil, and Hertz. According to Celebrity Net Worth, Palmer earned an estimated $1.3 billion through endorsement deals.
Arnold Palmer's other sources of income
Apart from Arnold Palmer's golf winnings and endorsements, he has various business ventures:
Arnold Palmer Design Company: Palmer was involved in designing over 300 golf courses worldwide, as per Celebrity Net Worth.
Arnold Palmer Enterprises: This company handled Palmer's endorsements and various business ventures.
- Arnold Palmer Drinks: The famous "Arnold Palmer" drink, a mix of iced tea and lemonade, was named after him. Since 2001, it sold under the trademark of Arnold Palmer and a license agreement with Innovative Flavors.
Golf Channel: Palmer played a role in founding the Golf Channel, which has become a major platform for golf enthusiasts. He has co-founded the Golf Channel along with Joseph E Gibbs.
Arnold Palmer Invitational: The Arnold Palmer Invitational is an annual golf tournament on the PGA Tour, held at the Bay Hill Club and Lodge in Orlando, Florida, and was established in 1979.
- Cadillac dealership: Arnold along with other partners, Mark McCormack and Don Massey, purchased a Cadillac dealership in Charlotte, North Carolina, in 1974.
Arnold Palmer's House
Arnold Palmer owned two side-by-side homes at Arnold Palmer's Bay Hill Lakeside Club and Lounge in Florida. He also owned a home in La Quinta, California, a property that was listed for sale at $5 million in January 2025, as reported by Celebrity Net Worth.
Arnold Palmer's Charity
Arnold Palmer founded the Arnold & Winnie Palmer Foundation in 1920. He also established the Arnold Palmer Hospital for Children in Orlando, Florida, which provides pediatric care and is supported by the Arnold Palmer Medical Center Foundation.
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FAQs on Arnold Palmer
A. The nickname of Arnold Palmer is “The King”.
A. Arnold Daniel Palmer is the full name of Arnold Palmer.
A. Arnold Palmer passed away on September 25, 2016.
A. Arnold Palmer began his professional golf career in 1955.
