Arnold Palmer

Arnold Palmer 2022: Net worth, Salary, and Endorsements

Arnold Palmer was born on September 10, 1929. He was a cherished American golfer who popularized the game of golf in the 1960s. One cannot deny that Palmer was the 'Athlete of the Decade' for the 1960s, and rightfully so.

Arnold Palmer: Early Life and Career 

The idiom rags to riches perfectly describes the life story of this bold, graceful, and inspiring athlete. He had grown up in a small industrial town called Latrobe, Western Pennsylvania. This acclaimed golfer started his journey from the fringes of a golf club (Latrobe Country Club), where he was not allowed to swim or play golf, to owning the club in 1971. One could equate that journey to the definition of success. However, for Palmer, success meant leaving a legacy in the sport that he loved so much.


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In an interview in 1997 with the Academy of Achievement, Palmer said if he helped improve the game of golf and helped improve people's outlook on life, it would be something that would make him happy.

Arnold Palmer hits the ceremonial first tee shot to start the 2007 Masters Tournament at Augusta National Golf Club in Augusta, Georgia on April 5, 2007 (Photo by Mike Ehrmann/WireImage)

Arnold Palmer had credited his life achievements to his father, Milfred J. Palmer (Deacon). For him, his father was an inspiration and person who had disciplined him and had instilled the values that made him a successful golfer. In the same interview with the Academy of Achievements, Palmer had described his relationship with his father as very close and "not just father and son, but friends."  

Polio had afflicted Arnold Palmer's father, Deacon's left leg. However, he managed to get a job as a laborer in the Latrobe Country Club in 1921. Later, he got promoted to the superintendent or the greenskeeper. Nevertheless, like every cloud has a silver lining, Palmer's father thus built up his upper body. This influenced Arnold to do the same.  

In an article published by Vault in 1961, when they presented him with the sportsman of the year, they compared his strength to a mountain climber. They also said that even if Palmer is not 'big' at 5 feet 11 inches and 177 pounds, he is strong and built like a football halfback with large shoulders and strong hands. 

AUGUSTA, GA - APRIL 07: Arnold Palmer watches the ceremonial first tee shot to start the first round of the 2011 Masters Tournament at Augusta National Golf Club on April 7, 2011 in Augusta, Georgia. (Photo by Jamie Squire/Getty Images)

The influence that his father posed on Palmer was observed in his style of playing, which was unorthodox. His father had told him to keep things simple hit it hard. Palmer once observed that many players learn a controlled swing first and then try to increase their distance, but they cannot because they don't hit the ball enough, and they never will. These initial teachings from his father made Arnold Palmer a golfing legend. 

From here on, Palmer's life story merely begins. Right from the start, Palmer started to win championships and showed his athleticism in this sport. He won two games consecutively in his school, Latrobe High School. Then, he went on to show his talents at Wake Forest University. However, he dropped out of college and stopped playing golf after experiencing the death of his dear friend Bud Worsham. By that time, he had successfully competed in national junior events. Also, he had already won five West Penn Amateur Championships. 

Arnold Palmer of the United States follows his ball onto the green during the Four ball competition of the 20th Ryder Cup Matches against the United States on 20 September 1973 at The Muirfield Golf Club in Gullane, Scotland, United Kingdom. (Photo by Don Morley/Allsport/Getty Images)

When Palmer returned and won the U.S. National Amateur (1954), it turned his life around. It was during that tournament, where he had met his wife, Winifred Walzer. They remained married for 45 years. 

Unfortunately, Winifred Walzer passed away in 1999 due to a cancer-related issue. She and Palmer had two daughters, Peggy Palmer Wears and Amy Palmer Saunders. Palmer remarried Kathleen (Kit) Gawthrop in 2005. 

Arnold Palmer was not only a successful golfer, but he was an acclaimed and prosperous business owner. Under his brand name, Arnold Palmer Enterprises, he sold various items, such as sporting equipment, clothing, insurance, soft drinks, cars, cigarettes, and many households and hardware products. 

AUGUSTA, GA - APRIL 09: Arnold Palmer hits out a bunker during the Par 3 Contest at the 2008 Masters Tournament at Augusta National Golf Club on April 9, 2008 in Augusta, Georgia. (Photo by Andy Lyons/Getty Images for Golfweek)

Palmer was not just an athlete or a businessman. He was a model for the youth. Whatever he liked or did would become the trend, like the Arnold Palmer drink, his favorite. Arnold Palmer's drink is a mixture of half-iced tea and half lemonade. This concoction of Palmer became a famous drink for children and adults. To make Arnold Palmer spiked, add a peg of vodka. Spiked Arnold Palmer is still a popular bar drink that people enjoy. 

Apart from impressing the public with his charm, charisma, and talent, Arnold Palmer has received high order civilian awards of the U.S. like the Congressional Gold Medal (2012) and the Presidential Medal of Freedom (2004). 

Arnold Palmer: Wins (Amateur and Professional Wins) 

Throughout his life, Palmer earned many awards and honors. However, from 1946 to 1954, he played and won many amateur championships. Some of the famous amateur championships he won are WPIAL and PIAA Championships, West Penn Junior, Southern Conference Championship, North and South Amateur, Cleveland Amateur, Mayfield Heights Open, Ohio Amateur, U.S. Amateur, and many more. Palmer started to look towards professional golfing on November 18, 1954. 

BRISTOL, VA - JUNE 8: Jack Nicklaus, Arnold Palmer and Gary Player at The Big Three fund-raiser for the Mountain Mission Kids (expected to be the biggest one-day charitable event in golf history) at the Olde Farm Golf Club on June 8, 2010 in Bristol, Virginia. (Photo by Chris Condon/PGA TOUR) Credit: Getty Images

After the legend went pro, there was no stopping him. In 1958, 1960, 1962, and 1964, Arnold Palmer won the Masters Tournament. In 1960 at Cherry Hills Country Club, Denver, he won the U.S. Open. Additionally, in 1961 and 1962, Palmer won the British Open. 

No wonder Arnie’s Army called him 'The King' of golf.

Arnold Palmer: Death 

After playing a full and rich game of golf, Palmer retired from competitive golfing in 2006. Although, he never stopped playing until his last breath. The world got the news of Arnold Palmer's death on September 26, 2016. He died at the age of 87. Palmer lived a wholesome and complete life, where he was known, admired, and cherished by many people. And after his death, he had left behind something for everyone with which to remember him. 

Arnold Palmer: Net Worth

According to Forbes, Arnold Palmer's net worth is estimated to be $1.3 billion (on an inflation-adjusted basis). He earned an estimated $875 million through his career, out of which $3.6 million in prize money from 52 years on the Champions Tour and PGA Tour and the rest from golf course design, licensing, endorsements, and appearances.

Arnold Palmer: Legacy

Arnold Palmer is a name that still lives on. During and after his life, Palmer remained close to his fans and people who believed in him. Apart from his talents and enterprises, he is known for Arnold & Winnie Palmer Foundation and Arnie's Army Charitable Foundation. Both these foundations focus on helping and aiding the future generation. 

ORLANDO, FL - MARCH 25: Tiger Woods of the United States is presented with the trophy by Arnold Palmer of the United States, the win meant he re-gained the World's number one position after the final round of the 2013 Arnold Palmer Invitational Presented by Mastercard at Bay Hill Golf and Country Club on March 25, 2013 in Orlando, Florida. (Photo by David Cannon/Getty Images)

Arnold Palmer, in his lifetime, contributed and supported the development of a hospital that solely worked towards caring for women and children. For Arnold's contribution and to honor him, the founders decided to keep the name Arnold Palmer hospital for children. Both the foundations currently continue to support the hospital. 

Apart from charities, Arnold Palmer Invitational presented by Mastercard, is a professional golf tournament under the PGA tour. This tournament was formerly known as Bay Hill Invitational. However, later, it was changed to honor him. 


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Arnold Palmer left a little luxurious legacy for people who enjoy fine dining, Arnold Palmer's Restaurant, where Arnie's Army can go anytime to remember the good old days and remember the legend.  

Arnold Palmer: Books

Palmer has written and published many books throughout his life. However, one book most loved and popular amongst Arnies's Army is A Life Well Played. In this book, he humors his readers with interesting anecdotes and wisdom from his life.  


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Full nameArnold Palmer
NicknameThe King
Age87- Deceased
Birth Year1929
ResidencyLatrobe, Western Pennsylvania
SpouseWinifred Walzer (1954-1999); Kathleen (Kit) Gawthrop (2005-2016)
ChildrenPeggy Palmer Wears, Amy Palmer Saunders, Al Gawthrop III, Lynn Bouck, and Blair Miller. 
CollegeWake Forest University
Height5’10 inch
Weight177 pounds
Professional winsMasters Tournament (1958, 1960, 1962, & 1964); U.S. Open (1960); British Open (1961 & 1962)
Highest-rankingPGA Player of Year (1960 & 1962)