GolferNet Worth

Arnold Palmer’s Net Worth: Biography, Age, Death, Spouse, Kids

How much is Arnold Palmer‘s net worth?

$875 million

Quick Bio

Real NameArnold Daniel Palmer
Famous Name Arnold Palme
Birth Place Latrobe, Pennsylvania, United States
Birthdate 10 September 1929
Age at death time87 years old
Death Date25 September 2016
Cause of DeathCardiovascular disease
Net Worth in 2024$875 million approx
SpouseKathleen Gawthrop (m. 2005–2016)
Ex-WifeWinifred Walzer (m. 1954–1999)
Info UpdatedJuly 2024

Who is Arnold Palmer? Biography, Career, Net Worth

Arnold Daniel Palmer was an American Professional golfer. He was considered one of the most iconic and legendary players of his time.

He died on September 25, 2016, in Pittsburgh, Pennsylvania, a few days after his 87th birthday, as he was admitted to the hospital due to impending heart surgery.

But unfortunately, he left the mortal world and left his fans teary-eyed.

Throughout his career, Arnold has won 62 PGA Tour titles from 1955 to 1973. He has also won more than 6 major titles.

In his career, Arnold Palmer has won the ‘PGA Tour Lifetime Achievement Award’ and he was also inducted into ‘The World Golf Hall of Fame.

He was also the first ever Golfer to be awarded the very prestigious and renowned “Presidential Medal of Honor’.

Arnold Palmer was nicknamed “The King”, as he was not only the youngest golfer to win the Masters Tournament but also was the first golfer to win the Masters four times.    

At the time of his death, Arnold Palmer had a net worth of $875 million. His estate was mainly distributed among his two daughters.

Now we’ll get to know the life events and accomplishments of Arnold Palmer.

Arnold Palmer’s Age, Early Life, Family, Education

Arnold Daniel Palmer was born on September 10, 1929, in Latrobe, Pennsylvania, The United States.

Who were Arnold Palmer’s parents?

His parents were Milfred Jerome Palmer and Doris Palmer. Arnold’s father was a head professional and greenskeeper at ‘Latrobe Country Club’.

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Arnold got himself inclined towards the game of golf, because of his father, His father culminated the seed of Golf in him.

He began practicing g a very young age and started playing at school and local clubs.

At the mere age of 17, Palmer had won two state interscholastic championships. 

Arnold got himself enrolled at ‘Wake Forest University with a Golf Scholarship.

However, fate played his role, when his friend at university died during their senior year, making him drop out of University.

He took a break from education and Golf for three years as he drafted himself into the US Coast Guard.

After three years, Palmer again resumed his studies and golf. He got his form back and won the 1954 US Amateur title and the Ohio Amateur Championship.

How much was Arnold Palmer’s net worth at the time of his death?

As of 2016 and the time of his death, Arnold Palmer had a net worth of $875 million.

His estate was divided among his two daughters Amy and Peggy, His second wife Kathleen Gawthrop, Eight employees, and his charity “Arnie’s Army”.

How did Arnold Palmer make millions?

What is Arnold Palmer's Net Worth?
Arnold Palmer’s Net Worth 2024? Age, Death, Wife, Kids, Earnings & Revenue

Now let us, deep dive, into the career growth of Arnold Palmer

Career Beginning:  

Arnold Palmer turned professional Golfer in the year 1954, after his win at the 1954 U.S Amateur in Detroit.

He started his career soon afterward and recorded a victory at the 1955 Canadian Open in his rookie season.

His good game and amazing skills in the sport made him win many championships.

The victory at the 1958 Masters Tournament made him established as a Professional Golfer.

By 1960, he was signed with the leading sports agent Mark McCormack as his first client.

Rise, Wins, and Stardom:

At the 1960 British Open, Palmer gave a stunning performance and won the hearts of the country’s people too.

In 1961 and 1962, Palmer also won the Open Championships.

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Palmer has won seven major championships during his career:

  • Masters Tournament (1958, 1960, 1962, 1964)
  • U.S. Open (1960)
  • The Open Championship (1961, 1962).

From 1960 to 1963, Palmer won 29 PGA Tour events in four seasons.

Furthermore, from 1955 to 1971, he won a PGA Tour event every year.

Additionally, he made 50 consecutive appearances in the Master’s Tournament.

Awards and Accolades:

During his career and afterward, Arnold palmer earned many awards and accolades. Let us have a glance.

  • In 1974, Palmer was inducted into the World Golf Hall of Fame.
  • In 1998, he was honored with the PGA Tour Lifetime Achievement Award.
  • In 2000, Palmer was ranked as the 6th greatest player of all time by Golf Digest magazine.
  • He was honored with the prestigious Presidential Medal of Freedom in 2004.
  • In 2009, Palmer was honored with the Congressional Gold Medal.

Other Endeavors:

Arnold Palmer had run multiple businesses and works.

He has owned ‘Bay Hill Club and Lodge’, He also started ‘The Golf Channel’. Palmer also built the first golf course in the Peoples of the Republic of China.

Arnold Palmer also founded a beverage named after him.

The passion of flying:

Arnold Palmer was also a Pilot. He learned flying to overcome his fear of flying.

In his life, he logged almost 20,000 flights in various aircraft.

He flew last time on Jan 31, 2011, from Palm Springs to Orlando in his ‘Cessna Citation”.

Philanthropic Works:

Arnold Palmer has also founded “Arnie’s Army Charitable Foundation”, which aids children, women, and youth. Over the years the foundation has also founded

“Winnie Palmer Hospital for Women & Babies Center”,

“The Howard Philips Center for Children & Families”, “The Arnold Palmer Hospital for Children”,

and the Winnie Palmer Nature Reserve.

Arnold Palmer’s Death Cause

Arnold Palmer died at the age of 87 in the year 2019 on September 25  from complications of heart problems. He was admitted to the ‘University of Pittsburgh Medical Center in Pittsburgh for Heart Surgery.

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Unfortunately, he passed away and his mortal remains were cremated and scattered in his hometown at ‘Latrobe Country Club’.

Arnold Palmer’s Wife/partner:

Arnold Palmer married twice in his lifetime. His spouses were:

Winnie Walzer:

Arnold and Winnie met each other at a Golf Tournament in Pennsylvania and wed each other in the year 1954.

The couple had two daughters from their marriage, Peggy Palmer and Amy Palmer.

Unfortunately because of ill fate and her battle with ovarian cancer, Winnie died and left the mortal world in 1999.

Kathleen Gawthrop: 

Arnold Palmer wed for the second time too, Kathleen Gawthrop in the year 2005 in Hawaii. He had no children with her.

Arnold Palmer Children:

Arnold Palmer is survived by his two daughters, Peggy Palmer Wears and Amy Palmer Saunders.

His grandson, Sam Saunders is also a Golfer. Sam is 34 years old and is the son of Roy and Amy Wears and grandson of Arnold Palmer.

He started playing golf at a young age and attended Clemson University on a golf scholarship.

Arnold Palme turned professional in 2009. He is married to his wife Kelly and has two sons, Cohen and Ace.


Arnold Palmer was a great golfer and a great human being.

He left a legacy behind. His fans still remember him. His name is written forever in the history of “Golf.”

Quick Info

Who was Arnold Palmer?

Arnold Palmer was an American professional golfer

What is Arnold Palmer‘s real name?

Arnold Palmer‘s real name (birth name) is Arnold Daniel Palmer.

How did Arnold Palmer die?

In 2016, Arnold Palmer died at the age of 87 after being diagnosed with complications from heart problems.

What was Arnold Palme’s net worth at the time of his death?

At the time of his death, Arnold Palme’s net worth was calculated at $875 million.

What year did Arnold Palmer die?

Arnold Palmer died on 25 September 2016 in UPMC Shadyside, Pittsburgh, Pennsylvania, United States.

How old was Arnold Palmer?

At the time of his death, he was 87. Arnold Palmer was born on 10 September 1929 and died on 25 September 2016 due to Cardiovascular disease.

Source of Information


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