Arnold Palmer Net Worth, Wiki Bio, Source Income, Salary, Earnings, Nationality, Age

Arnold Palmer Wiki Biography

Arnold Daniel Palmer was a golf course architect and designer, as well as a professional golfer, who was born on September 10, 1929 in Latrobe, Pennsylvania, United States. During the 1960s and 1970s, he was one of “The Big Three” in golf, alongside Jack Nicklaus and Gary Player, who are widely credited with popularizing the sport around the world and setting the foundation for its current success. On September 25, 2016, Arnold passed away.

What was Arnold Palmer’s net worth, then? According to credible estimates, his net worth has risen to $675 million, with much of it amassed during his playing career but also through commercial ventures.

Arnold Palmer Net Worth $675 Million

Milfred Palmer, Arnold’s father, was a greenkeeper and head professional at Latrobe Country Club, and he was the one who taught him the fundamentals of the game. He was a golfing scholarship recipient at Wake Forest University, but dropped out when a close friend died and joined the US Coast Guard, where he served for three years before returning to university and golfing. In 1954, Arnold Palmer won the US Amateur Championship, which was his first major golf triumph. He opted to pursue a career in golf after that, and a year later, in his rookie season, he won the 1955 Canadian Open, a big boost to his net worth and recognition, as well as the first of many PGA Tour and Champions Tour victories. His accomplishments quickly earned him the moniker of The King, which he deserved as he was the very first sports celebrity on television in the 1950s.

Arnold’s winning streak continued, and he was inducted into the World Golf Hall of Fame in 1974. For his 62 PGA Tour victories, he got the PGA Tour Lifetime Achievement Award in 1998. Arnold was ranked 6th on Golf Digest’s list of the greatest players in history in 2000, and he was awarded the Presidential Medal of Freedom four years later. His most recent success was receiving the Congressional Gold Medal in 2009. All of these accomplishments contributed significantly to Arnold Palmer’s outstanding net worth.

Aside from playing golf, Arnold had a few other golf-related sources of income. For openers, he owns the Bay Hill Club and its Lodge, as well as the Arnold Palmer Invitational, a PGA Tour event that takes place there. He was a co-founder of The Golf Channel, constructed the first golf course in China, and founded the Arnold Palmer Design Company, which has designed over 200 courses to date. He also owns Latrobe Country Club, which is notable because it is where Palmer’s father used to work as a pro. Arnold even has a brand name beverage that tastes like iced tea and lemonade and is also named after him. Arnold Palmer Enterprises, his company, is in charge of Palmer’s licensing and commercial collaborations with his agent, Mark McCormack.

Palmer spent the most of his retirement in Latrobe, Pennsylvania during the summers and La Quinta, California during the winters. Palmer was married to Winnie Palmer for 45 years, until she died of cancer in 1999. Palmer has been married to Kathleen Gawthrop since 2005. Palmer also has a grandson, Sam Saunders, who grew up playing at Bay Hill and is now a professional golfer as well. Sam won the Club Championship when he was 15 years old, so he has a lot of potential. We know Arnold’s nickname was Dumpy thanks to Sam. Arnold Palmer died in Pittsburgh, Pennsylvania, on September 25, 2016.