If you're wondering what Arnold Palmer's net worth was, the legendary golfer had an estimated net worth of a whopping $675.0 million! [46] On hearing about Palmer's death, Tiger Woods said, "My kids were born at the Winnie Palmer Hospital for Women & Babies, and his philanthropic work will be remembered along with his accomplishments in golf. [32], He is mentioned by James Bond's caddie in Goldfinger: "If that's [Goldfinger's] original ball, I'm Arnold Palmer. He is also the winner of the 1996 Presidents Cup. At the time of his death, Arnold Palmer's net worth was $700 million. Arnold Palmer diedSunday at the age of 87 due to complications related to heart issues. 2 Won in an 18-hole playoff, Palmer shot a (70) to Stone's (74) and Casper's (77). Palmer had also won the Old Tom Morris Award in 1983. His original money man, contemporary Mark McCormack, sport's first super agent, was at least a co-builder of his great friend's . He is also the winner of the Congressional Gold Medal in 2009. Today the Arizona Beverage Company distributes the drink. Here is a collection of well wishes from players, media and others in the golf world for Arnold Palmer on his 85th birthday. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! His height was 1.78 m tall and weighed 84 kg. In 2015, when Arnold was 85 and hadn't swung a golf club professionally in over a decade, he made $40 million. In 2017, Forbes reported that his estate earned $40 million in the first year following his death. American Society of Golf Course Architects, Winnie Palmer Hospital for Women & Babies Center, List of celebrities who own wineries and vineyards, List of golfers with most wins in one PGA Tour event, List of golfers with most PGA Tour Champions wins, List of golfers with most Champions Tour major championship wins, List of men's major championships winning golfers, "Arnie: Palmer's father an imposing, lasting figure", "Golf's most beloved figure, Arnold Palmer, dies at 87", "Arnold Palmer, the Magnetic Face of Golf in the '60s, Dies at 87", "Player Remembers Palmer's 'Dashing Style' & 'Knowing Smile', "90th Open Royal Birkdale 1961: Palmer takes the Open after a late challenge by Rees", "91st Open Royal Troon 1962: Palmer's victory signals a new era", "Iron Man Avery, Arnold Palmer's caddie for all four Masters wins, finally has a grave stone some 3+ decades after his death", "Arnie: Trevino remembers his Ryder Cup captain", "Arnold Palmer dies at 87 of complications from heart problems", "Palmer v. Gotta Have It Golf Collectibles, Inc", "Tiger Woods Misses the Cut in Golf Memorabilia Dispute", "Gotta Have It Golf, Inc. v. Arnold Palmer Enterprises, Inc., No. *Note: The 1963 Canada Cup was shortened to 63 holes due to fog. Politician. Later in life, Palmer made a complete about-face and urged the public to give up smoking. Palmer made the decision to turn pro after winning the 1954 U.S. One of the greats Arnold Palmer joins Jose Fernandez with St. Peter on same day. . Palmer was eligible for the Senior PGA Tour (now PGA Tour Champions) from its first season in 1980, and he was one of the marquee names who helped it to become successful. 2023 Celebrity Net Worth / All Rights Reserved. Before Ben Hogan won that championship in 1953, few American professionals had traveled to play in The Open, due to its extensive travel requirements, relatively small purse, and the style of its links courses (radically different from most American courses). Arnold Palmer was inducted into the World Golf Hall of Fame in 1974. Arnold died on September 25th, 2016. Palmer had won more than 22 Ryder Cup matches and had also captained Team USA to two victories, in addition to holding or being tied for the records for youngest captain, most career singles points and most points in a single Ryder Cup. Before Ben Hogan won that championship in 1953, few American professionals had traveled to play in The Open, due to its extensive travel requirements, relatively small purse, and the style of its links courses (radically different from most American courses). Arnold Daniel Palmer was born in Latrobe, Pennsylvania, on September 10, 1929. He played on six Ryder Cup teams: 1961, 1963, 1965, 1967, 1971, and 1973. [42] Arnold married his second wife, Kathleen Gawthrop, in 2005 in Hawaii. If you do not know, We have prepared this article about details of Arnold Palmers short biography-wiki, career, professional life, personal life, todays net worth, age, height, weight, and more facts. As of January 2023, Arnold Palmer had an estimated net worth of more than $875 million at the time of his death. Amateur Championship in 1954. He built up a wide fan base, often referred to as "Arnie's Army", and in 1967 he became the first man to reach $1 million in career earnings on the PGA Tour. He signed his first endorsement deal in 1959 with the golf club maker Wilson. Legendary golfer Arnold Palmer has died. Although . 's girlfriend? WD = withdrew The fact that he was frailer and couldnt hit the ceremonial drive didnt matter, not really. https://t.co/gNT38bC6ax pic.twitter.com/URyD8eZ3zm, NBC Sports (@NBCSports) September 26, 2016, Palmers funeral was private. ? [10][11], Palmer is also credited by many for securing the status of The Open Championship (British Open) among U.S. players. He is the winner of seven Ryder Cup, four UBS Cup, and six World Cup. Whenever one of his endorsement deals came up for renewal, a rival sponsor was waiting in the wings to increase the offer. So it is fitting that we pay tribute to Mr. Palmer during the 41st Ryder Cup, to celebrate it in a very special way, the life of an unforgettable champion and gracious ambassador of the game. For the last time. Although he failed to win, losing out to Kel Nagle by a single shot, his subsequent Open wins in the early 1960s convinced many American pros that a trip to Britain would be worth the effort, and certainly secured Palmer's popularity among British and European fans, not just American ones. The net worth of Arnold Palmer during the time of his death was valued at $875 million. From 1955 to 1973, he won 62 PGA Tour titles. He amassed his vast fortune thanks to his successful business endeavors. (@APinv) June 15, 2014. At the time of his death in 2016, Arnold Palmers net worth was estimated at $875 million. Born on September 10, 1929, Arnold Palmer was a professional golfer. [62] His estate was valued at $875 million and was divided between his two daughters, his second wife (who received $10 million), eight employees who received $25,000 each, and his charity, Arnie's Army, which received $10 million.[63]. Hill Airport in 1928, Latrobe Airport in 1935 and Westmoreland County Airport in 1978. PGA Tour of Australasia playoff record (01). He noted that many of his colleagues smoked, and he even endorsed the product in television commercials. It can be quite ugly. pic.twitter.com/Z0w3dq3uUo, Arnold Palmer Inv. In 1997, he received the Bob Jones Award. He officially retired from tournament gold on October 13, 2006, although from 2007 until his death he served as honorary starter for the Masters. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. On this Wikipedia the language links are at the top of the page across from the article title. His second wife, Kathleen Palmer, got $10 million, eight employees got $25,000 each, and he left $15 million for his foundation, Arnie's Army. In 2010, the beverage had over $100 million in revenue. This led to the formation of Palmer Course Design in 1972, which was renamed Arnold Palmer Design Company when the company moved to Orlando, Florida, in 2006. In particular, Palmer traveled to Scotland in 1960 to compete in the British Open for the first time. He was the first golfer to be awarded the Presidential Medal of Freedom and the second golfer, after Byron Nelson, to be awarded the Congressional Gold Medal. His appearance overseas drew American attention to the Open Championship, which had previously been ignored by the American golfers. [51] As a testimonial for smoking cessation products, he was depicted in a 1989 photo by Robert Straus that was subject to copyright litigation as late as 20 years later. British fans were excited about Palmer's playing in the Open. He was also a writer and has written many books in his career. The following year, he won the Canadian Open. He was a legend. His estate has agreements with 39 licensees. He was the last playing captain in 1963, and captained the team again in 1975. Submit a correction suggestion and help us fix it! When all was said and done, he chalked up a total of 62 PGA tour victories. Palmer went on to win the Open Championship in 1961 and 1962, and last played in it in 1995. The Arnold Palmer line of beverages,based on Palmers preferred blend of ice tea and lemonade, was launched in 2001. He represented everything that is great about golf. richest person on earth all the time follow our database. The Arnold Palmer Invitational is an annual PGA Tour event where charitable proceeds are directed to the Palmer Medical Center. Maybe you know about Arnold Palmer very well But do you know how old was he at the time of his death and what is his net worth in 2023? Arnold Palmer has passed away at 87 years old. He played on six Ryder Cup teams: 1961, 1963, 1965, 1967, 1971, and 1973. Arnold Palmer body measurments, height, weight and age details. He was more than a golfer or even great golfer. He was 87 at the time of his death. Palmer also had a history of charitable work. Palmer married his second wife, Kathleen Gawthrop, in 2005. After almost 55 years, he logged nearly 20,000 hours of flight time in various aircraft. The event was originally organized by McCormack to showcase his stable of players. [14] Palmer went on to win the Open Championship in 1961 and 1962, and last played in it in 1995. With the net worth of $700 Million, Arnold Palmer is the # a This was the January edition of the tournament. 2023 Celebrity Net Worth / All Rights Reserved. By the late 1960s Jack Nicklaus and Gary Player had both acquired clear ascendancy in their rivalry, but Palmer won a PGA Tour event every year from 1955 to 1971 inclusive, and in 1971 he enjoyed a revival, winning four events. MasterCard and Textron renewed agreements with Palmers estate over the past year. He pioneered modern sports marketing with IMGs Mark McCormack, helped found the Golf Channel, designed more than 300 golf courses around the world and lent his name to apparel, beverages and more. His first major championship was at the 1958 Masters Tournament, where he earned $11,250. For example, it could be argued that without Arnold Palmer's blueprint, there's very little chancethat Michael Jordan would be a billionaire today. Arnold Palmer Made An Insane Amount Of Money During His Golf Career And Even More After He Retired, How Arnold Palmer Became One Of The Wealthiest Athletes Of All Time, Arnold Palmer Earned $1.3 BILLION From Endorsements During His Lifetime. Whoceleb.com is a website dedicated solely to the world of entertainment. [8] "What other people find in poetry, I find in the flight of a good drive," Palmer said. He went to Wake Forest University for golf but dropped out after the death of a friend. Palmer, however, had a much more genial nickname:Arnie. He also won the PGA Tour Lifetime Achievement Award in 1998, and in 1974 was one of the 13 original inductees into the World Golf Hall of Fame. He quickly went on to establish himself in the golf community, winning the 1958 Masters Tournament. Arnold had two daughters named Peggy and Amy. There, he met his future wife, Winifred Walzer, and they remained married for 45 years until her death in 1999. He was the owner of Bay Hill Club and Lodge in Orlando, Florida; the lodge hosts the Arnold Palmer Invitational on the PGA Tour. Through his company, Arnold Palmer Enterprises, his name has been marketed, promoted, branded, and licensed like no other, in large part due to the strategy he and his agent, Mark McCormack, have employed over the last 50+ years. In 2005, he got married to Kathleen Gawthrop. He died Sunday evening at a Pittsburgh hospital while awaiting cardiac surgery, according. Even death can't slow down the earning power of a sports star as popular and lucrative as Palmer. Johnson said Palmer was admitted to the hospital Thursday for some cardiovascular work and weakened over the last few days.. But in a life bursting from the seams with success, Palmer never lost his common touch. Save my name, email, and website in this browser for the next time I comment. indicates the event was won in extra holes. Jack Nicklaus on Arnold Palmer: "He was the King of our sport and always will be." Complementing a rich history rooted in some of the earliest pioneers of aviation, the name was changed to Arnold Palmer Regional in 1999 to honor the Latrobe native golf legend who grew up less than a mile from the runway where he watched the world's first official airmail pickup in 1939 and later learned to fly himself." He is fifth on the Tour's all-time victory list, trailing only Sam Snead, Tiger Woods, Jack Nicklaus, and Ben Hogan. Over the course of his career, he amassed a fortune not only in golf (he was the first to win $1 million playing tournaments) but from other things like commercials, books, and being a spokesperson for various companies. The champion was also one of the original inductees to the World Golf Hall of Fame, joining the first class of 1974. [8], Palmer was married to the former Winnie Walzer for 45 years; the couple had two daughters. Director. He became the winner of the U.S. Sam attended Clemson University in South Carolina on a golf scholarship and turned pro in 2008. [66], Two days after a 1711 victory, which marked the first American Ryder Cup triumph since 2008 at Valhalla and which Love dedicated to Palmer, the majority of the team attended the memorial service for Palmer at St. Vincent College in Latrobe and also brought the trophy after Palmer's daughter Amy asked the team if they could do so. His most prolific years were from 1960 to 1963, during which he won 29 PGA Tour events in four seasons. indicates the event was won in a playoff; indicates the event was won, indicates the event was won in a playoff; indicates the event was won wire-to-wire in 72-holes; # indicates the event was won by an amateur, indicates the event was won in a playoff. As per our current Database, Arnold Palmer died on Sep 25, 2016 (age 87). He went toWake Forest Universityfor golf but dropped out after the death of a friend. [21], From 2007 until his death, Palmer served as an honorary starter for the Masters. Arnold Palmer's Net Worth: Arnold Palmer's net worth was estimated to be $ 875 million at the time of his death. Yet from the time he passed his prime in the early 70s, Palmer began branching out into a variety of business interests. In 2010, longtime friend and competitor Jack Nicklaus was appointed by Augusta National to join Palmer. In fact, according to Forbes estimate, his combined golf and business revenue brought him $1.3 billion. Arnold married his second wife, Kathleen Gawthrop, in 2005 in Hawaii. [65][66][67] The celebration included a video tribute and a moment of silence during the opening ceremony, which also included tributes from the opposing captains - Davis Love III for Team USA and Northern Ireland's Darren Clarke for Team Europe - and the opposing honorary captains - Nicklaus for Team USA and England's Tony Jacklin for Team Europe. He took the game from one level to a higher level, virtually by himself. It became J.D. Johnston wants to capitalize on the Palmer brand in the food category and follow the path of PepsiCoby pairing salty snacks with the beverages. From a humble start working at the local club in his beloved Latrobe, Pennsylvania, to superstardom as the face of golf around the globe, Arnold was the American Dream come to life Today, Michelle and I stand with Arnie's Army in saluting the King. Movie Actor. Many sports insiders consider him to be the father of modern-day sports marketing. [8] He left upon the death of close friend Bud Worsham and enlisted in the U.S. Coast Guard, where he served for three years, 19511954. 1 and 2 spots belong to Jack Nicklaus and Tiger Woods. Fortunately, everything was laid out well for how things would be distributed in the event of his death. 3 spot is less certain. He was also a prolific designer of courses around the world. He is the recipient of the 2000 Payne Stewart Award. The licensing, endorsements, spokesman associations and commercial partnerships built by Palmer and McCormack are managed by Arnold Palmer Enterprises. He had already won both the Masters and U.S. Open and was trying to emulate Hogan's 1953 feat of winning all three tournaments in a single year. Over the years, Palmer would acquire several other dealerships in several states including a Buick-Cadillac store in his hometown of Latrobe. Matthews and associated parties counter-claimed that Palmer and associated businesses committed several acts, including breach of contract, breach of implied duty of good faith and violations of Florida's Deceptive and Unfair Trade Practices Act. [10] He raised his game status for the next several seasons. 03-19490 (Fla. Cir. Rest in peace, Arnie. [25] On March 12, 2014, a Florida jury ruled in favor of Gotta Have It on its breach of contract and other related claims. Palmer's net worth as of last year was an estimated $680 million. He received a golf scholarship and went to Wake Forest College. ? Email us atexclusive@the-sun.comor call212 416 4552. His grandson, Sam Saunders, is a professional golfer who grew up playing at Bay Hill, where he won the club championship at age 15. RIP to young +old inspirations and prayers 4 their families, Hugh Hewitt (@hughhewitt) September 26, 2016. Simpson were spokespersons for Hertz Rent-a-Car. His scores had the English excitedly claiming that Palmer may well be the greatest golfer ever to play the game. During his lifetime, these endorsement deals paid Arnold an astonishing $1.3 BILLION after adjusting for inflation. The No. Powered by. Johnston inked a new contract with AriZona after Palmers passing, and expansions to the product line are in the works. Saunders stated that Palmer's family nickname is "Dumpy". [43][44], During the spring and summer months, Palmer resided in Latrobe, and he spent winters in Orlando and La Quinta, California. In April, at the Masters, reported the Guardian, Palmer, whose health had been in decline for some time, stood as an onlooker on the 1st tee here on Thursday morning rather than hitting a ceremonial opening drive. The Guardian described Palmer as visibly frail and emotional. His balance was flagging, but he still proclaimed he was good when asked, the Guardian recalled. Through his company, Arnold Palmer Enterprises, his name has been marketed, promoted, branded, and licensed like no other. Palmer and Kathleen married six years later, the magazine said. Palmers love of golf, his contribution to the sport, his desire to be out on the course, were all apparent. [12], In particular, Palmer traveled to Scotland in 1960 to compete in the British Open for the first time. And just like Michael Jordan, the vast vast vast majority of Palmer's earnings came outside of playing hisprofessional sport. His estate was divided among his two daughters. His brand, like the Jordan Brand, is eternally earning respect and worth something. Net Worth Net Worth 2020 $700 Million Salary 2020 Not known With the net worth of $700 Million, Arnold Palmer is the # 1308 richest person on earth all the time follow our database. The riches generated by Palmers estate are increasingly flowing to the charitable causes Palmer supported during his lifetime. indicates the event was won in a playoff; indicates the event was won wire-to-wire; # indicates the event was won by an amateur. On March 12, 2014, a Florida jury ruled in favor of Gotta Have It on its breach of contract and other related claims. On hearing about Palmer's death, Tiger Woods said, "My kids were born at the Winnie Palmer Hospital for Women & Babies, and his philanthropic work will be remembered along with his accomplishments in golf." Tributes were already rolling in, with people sharing Palmers SportsCenter commercials on social media. Martin Slumbers, chief executive of the Royal & Ancient, called Palmer "a true gentleman, one of the greatest ever to play the game and a truly iconic figure in sport". said The Pittsburgh Post-Gazette newspaper. This mark falls short of both Nicklaus 73 career wins and Woods current total of 82 career wins. Well, if youre ready, lets start. Arnold Palmer was a well-known professional golfer from America who is regarded as one of the greatest golfers in the history of golf. During his lifetime, Palmer was famous for being a golfer, but it was his revolutionary sports marketing that made him legendary. Died On: Sep 25, 2016 (age 87) Birth Sign: Virgo Categories: Baseball Player. At the Coast Guard Training Center in Cape May, New Jersey, he built a nine-hole course and had some time to continue to hone his golf skills. The lawsuit was filed against Bruce Matthews, the owner of Gotta Have It Golf, Inc. and others. More than 400 stores sell Arnold Palmer-branded apparel in Asia, and there are plans to move into new markets like Thailand and Vietnam. He designed golf courses, launched wine labeland an apparel company featuring his famous umbrella logo. For each of his wins at the Masters, Palmer's caddie was Nathaniel "Iron Man" Avery; at the time, Augusta National required all golfers to use the club's own caddies. Subsequently, Palmer enlisted in the U.S. Coast Guard, serving from 1951 to 1954. (Getty). [34][35], Palmer was inducted into Omicron Delta Kappa - The National Leadership Honor Society in 1964 at Wake Forest University. WATCH: Arnold Palmer Memorial Service Live Stream Online, Alastair Johnson, CEO of Arnold Palmer Enterprises, told The Associated Press that Palmer died Sunday afternoon in Pittsburgh of complications from heart problems, ABC News reported. He was known to have a fear of flying, and this led him to earn a pilot certificate. At the time of his death in 2016, Arnold Palmer's net worth was estimated at $875 million. He is known to popularize the sports of golf. He won seven major titles in a six-plus-year domination from the 1958 Masters to the 1964 Masters. Palmer was 87-years-old, said Golf Digest, which also confirmed the golfers death. His grandson, Samuel Saunders, is a professional golfer. Ct. Jury Verdict)", "All hail the King! At the time of his death, Arnold Palmer's net worth was $700 million. Prior to his passing, Palmer helped to create the sports network known as The Golf Channel. Walter Hagen, Bobby Jones, and Sam Snead often get nominated. Tiger has earned around $1.4 billion from endorsements, Michael has earned around $1.6 billion. In November of 1954, Palmer announced he was going pro. Palmer's social impact on golf was unrivaled among fellow professionals; his modest origins and plain-spoken popularity helped change the perception of golf from an elite, upper-class pastime of private clubs to a more populist sport accessible to middle and working classes via public courses. 's salary? The stretch from 1960 to 1963 was an especially prolific one, as he chalked up 29 total victories. He has been in failing health since the fall of 2015 and made his last real public appearance on the first tee of the 2016 Masters, joining Nicklaus and long-time friend Gary Player for the ceremonial opening tee shots, even though Palmer did not hit a drive, wrote the Post-Gazette. . He has won titles as an amateur, professional, and as a senior player. Among his many titles and accolades, Palmer was the first person to make a million dollars from golf. Arnold Palmer died from heart problems at the age of 87 in 2016. His estate made over $40 million in the 12 months after his death in 2016. Palmer is credited with being the first athlete to turn success in his chosen sport into a money making machine. Most analysts agree that the No. [8], On November 17, 1954, Palmer announced his intentions to turn pro. When he took up residence in Orlando, Palmer helped the city become a recreation destination, "turning the entire state of Florida into a golfing paradise". ESPN Arnold Palmer The Machine | 2 Spots. Jose Fernandez Dead: Marlins Pitcher Dies in Boating Accident, Arnold Palmers Daughters, Amy & Peggy: 5 Fast Facts You Need to Know, Winnie Walzer, Arnold Palmers Wife: 5 Fast Facts You Need to Know, Sam Saunders, Arnold Palmers Grandson: 5 Fast Facts You Need to Know, Arnold Palmer Dead: Golfing Legend Dies at 87, Please review our privacy policy here: https://heavy.com/privacy-policy/, Copyright 2023 Heavy, Inc. All rights reserved. He used to sell paint and decided to turn into a professional golfer. He was remembered as a dignified legend who always carried himself with class. However, his business skills increased his career earnings to $875 million, which included sponsorships, appearances, licensing, and course design fees. Palmer was also a member of the American Society of Golf Course Architects. Arnold Palmer earned a total of $7 millionon the course as a professional golfer. When and how did Arnold Palmer Palmer's most prolific years were 19601963, when he won 29 PGA Tour events, including five major tournaments, in four seasons. Palmer also won three other majors during those six years. Palmer still makes money even in death, according to Forbes. [19], In 2004, he competed in the Masters Tournament for the last time, marking his 50th consecutive appearance in that event. Instagram Star. [45] He first visited Orlando in 1948 during a college match. Family members feud with each other, sometimes publicly. Also provoking sadness in the world of sports: Marlins pitcher Jose Fernandez died earlier Sunday in a tragic boating accident in Florida. In 1960, he won the Hickok Belt as the top professional athlete of the year and Sports Illustrated magazine's "Sportsman of the Year" award. That's enough to make him one of the 10 richest athletes of all time. Palmer thought he would pilot a plane for the last time on January 31, 2011,[10] and flew from Palm Springs in California to Orlando in his Cessna Citation X. Arnold Palmer Salary Detail In recognition of his dominance, Palmer took home PGA Player of the Year honors in 1960 and 1962. However, public FAA records show he was issued a new third-class medical in May 2011. That's how Palmer hopscotched from endorsing one airline to another, one hotel to another, one car to another. Saunders stated that Palmer's family nickname is "Dumpy". Although he failed to win, losing out to Kel Nagle by a single shot,[10] his subsequent Open wins in the early 1960s convinced many American pros that a trip to Britain would be worth the effort, and certainly secured Palmer's popularity among British and European fans, not just American ones. Arnold Palmer Net worth $1.4 Billion Arnold Palmer was an American professional golfer who was nicknamed "The King", and is considered as one of the greatest and most charismatic players in golf history. So just how rich was Arnold Palmer? "What other people find in poetry, I find in the flight of a good drive," Palmer said. [1] Palmer, Jack Nicklaus, and Gary Player were "The Big Three" in golf during the 1960s; they are credited with popularizing and commercializing the sport around the world. It has been 13 months since Arnold Palmer died, from complications of heart problems, at the age of 87. In 2004, he competed in the Masters Tournament for the last time, marking his 50th consecutive appearance in that event. He earned enough to live more than comfortably ($3.5 million), but it was his keen sense of entrepreneurship that propelled him into the stratosphere of wealth. Fans were also asked to show their respects by going to the Winnie Palmer Nature Reserve, the television station said. On September 25, 2016, Palmer died before his heart surgery. He matched up against other titans, like Jack Nicklaus (the Golden Bear) and Gary Player (the Black Knight). Amateur in Detroit and made the decision to turn pro in November of that year. He was one of the top won golfers of his time, and retained the title even after retirement for several years. He is known to leave a legacy in the sports of golf. By Rick Rosen. Some Arnold Palmer images. Arnold Palmer died Sunday at the age of 87 due to complications related to heart issues. He owned the Bay Hill Club and Lodge in Orlando, Florida, which serves as the venue for the Arnold Palmer Invitational (renamed in 2007, originally the Bay Hill Invitational) on the PGA Tour. $3.6 million is a decent amount of money, but not really enough to sustain. Those athletes are Michael Jordan And Tiger Woods. Palmer died on September 25, 2016 (shortly after his 87th birthday) while awaiting heart surgery at the University of Pittsburgh Medical Center (Shadyside) in Pittsburgh, Pennsylvania. During his 52-year career on the PGA Tour and Champions Tour, Palmer won $3.6 million in prize money. (Getty) Arnold Palmer amassed a net worth of about $675 million in his lifetime, most of after he was done dominating on the golf course. How Arnold Palmer Became One Of The Wealthiest Athletes Of All Time, Arnold Palmer Is 86 And Hasn't Played Professional Golf In A Decade Yet He Still Made $40 Million Last Year, Arnold Palmer Made An Insane Amount Of Money During His Golf Career And Even More After He Retired.