Arnold Palmer’s $1.76 Billion Earnings Explored as the Legend Becomes 4th Highest-Paid Athlete of All Time

Arnold Palmer, the golf legend who breathed his last breath in 2016 at the age of 87, was christened with the name of the King in the realm of the sport. With close to 62 PGA Tour wins, which included coming out victorious at the prestigious Masters four times, he etched his name as one of the best in the annals of golf and was inducted into the World Golf Hall of Fame in 1974. 

Well, his contributions were not just limited to the game of golf; they also extended to pioneering modern sports marketing with IMG’s Mark McCormack. They founded the Golf Channel together and designed over 300 golf courses all across the globe. Here’s all you need to know about his earnings.

Arnold Palmer’s reign in the sport of golf

In the recent release of the top 50 highest-paid athletes in 2024, as released by ‘Sportico’, the golfers have taken up the next biggest contingent. It has eight entries, which include eminent players like Tiger Woods, Arnold Palmer, and Phil Mickelson. What amuses the most is that even after seven years of his sudden demise, the King bagged the fourth position in the list with a total net worth of $1.76 billion.

This is because, despite the fact that he played in an era when the purses were extremely low, as compared to the present PGA Tour pros, Palmer’s rise went parallel with the rise of televised sports. This helped him build a profile, which got him numerous endorsement deals with the likes of Pennzoil, Hertz, and so many more.

Well, throughout his career, the seven-time major champion could earn 3.6 million from his time on the course, It was his business prowess that pushed his earnings to a whopping $875 million, which was later adjusted to $1.76 billion for inflation. The King also established his own drink brand, Arnold Palmer’s Drinks.

Sportico’s list is another standing testament to the fact that golf still manages to rule the financial sphere in sports. But it is safe to say that Arnold Palmer has indeed left behind a legacy and is still considered one of the best golf players to have ever existed! Apart from being a legend on the course and known for having a keen business sense, the 62-time PGA Tour winner also chose to give back to society as well! Through his philanthropic endeavors. 

Arnold Palmer: The King in the truest sense!

Arnold Palmer’s name still lives on, even after so many years since his death. During his successful tenure in the professional field and even after, he remained exceptionally close to his fans and all the people who believed he could do it. Apart from his accolades and contributions, he is also known for the Arnold & Winnie Palmer Foundation and Arnie’s Charitable Foundation. Both of these organizations are primarily focused on aiding the future generation and helping them succeed in life.

Read More: 2024 Arnold Palmer Invitational: Power Rankings, Defending Champion, Prize Money, and Major Details

Throughout his life, Arnold Palmer played a major role in the development of a hospital that tirelessly worked towards taking care of women and children. He had a huge name in the contributions of the building and well, in order to honor him, the founders of the hospital renamed it the Arnold Palmer Hospital for Children. Both of Palmer’s above-mentioned foundations still support the hospital. These are just mere glimpses of the legends’ undying support for the people. There is no doubt as to why he still continues to live in the hearts of millions of his fans!

Read More: Tiger Woods at Arnold Palmer Invitational: Stats & Earnings Explored’