Frostsnow

Arnold Palmer, One of the Richest Golfer Had Huge Net Worth, Passed Away on Sept. 2016

Updated On 08 Aug, 2018 Published On

Arnold Palmer was a professional golfer based in the United States. He is considered one of the most charismatic and the greatest players in the history of sports and despite his death is dubbed as 'The King' in the world of golf. 

Born on 10th September 1929, Arnold Plamer died on 25th September 2016 at the age of 87 and during the time had an estimated net worth of $675 million. Moreover, even after his death, the king was making a hundred thousands of dollars. 

Without further ado, let's find out more about Arnold Palmer's net worth, salary, death, and legacy. 

Arnold Palmer's Net Worth and Salary

At the time of death in 2016, Arnold Palmer had a net worth estimated to be a staggering $675 million. The golfer reportedly made $55 million even after retiring as a professional golfer. 

Moreover, he also ranked on the 9th place on the list of inaugural athletes. Likewise, in 2015, he also landed on the third place on the Forbes list of World's Highest-Paid Retired Athletes. In the year alone, his earning was a jaw-dropping $42 million

According to Forbes, he made $3.6 million from his 52-years of participating on the Champions Tour and PGA Tour. Likewise, being a businessman involved in endorsements, appearances, course designing and much more, it helped him to push his net worth to $875 million in the past. 

The only athletes who have been able to earn that much money are Tiger Woods and Michael Jordan

Arnold Palmer with Tiger Woods.

 

Welcome back Tiger! 8-time champion, @TigerWoods commits to play 2018 @APInv.

A post shared by Arnold Palmer (@arnoldpalmerofficial) on

Must Read: How Much is Michael Jordan's Net Worth? Know all his Earnings, Expenses, and Income Source

Here we have listed down some of his earnings from his career as a golfer.

Year Work Earnings
1983 Senior PGA Tour U.S. $16,000
1978 Senior PGA Tour U.S. $27,000
1975 PGA Tour $59,000
1971 PGA Tour $162,000
1970 PGA Tour  $100,000

Moreover, the golfer reportedly made over $100,000 annually through endorsement deals by 1959 as he signed a contract with Mark McCormack to be his business manager. With Mark, he helped to design more than 300 golf courses around the world. 

Likewise, despite his death, Forbes reported that even 13 months after his death, the golfer made a staggering $40 million annually. In February of 2017 too, his used pair of winged-tip FootJoy shoes were sold for $66,000.

CAPTION: Arnold Palmer's Shoes sold for $66,000 SOURCE: USA Today

Having such a massive impact in the world of golf, winning 62 PGA Tours and having his name inducted into the World Golf Hall of Fame in 1974, he is indeed one of the most influential people in the world.

Arnold Palmer's Death and Legacy

Arnold Palmer passed away on 25th September 2016 at the age of 87 because of heart problems. At the time of his death, he was waiting for heart surgery at the University of Pittsburgh Medical Center. He was admitted at the center to undergo testing of his heart three days before his death. But his heart problems got even more complicated which resulted in his death. 

After he died on the day, his body was cremated, and his ashes were scattered at Latrobe Country Club. 

CAPTION: Arnold Palmer with his family in 1962 SOURCE: Golf Channel

Likewise, after his death, his legacy was distributed between his second wife and two daughters. His employees also received $25,000 each and $10 million was donated to his charity Arnie's Amy