All of Palmer's endorsements, licensing, spokesman deals, and commercial partnerships were managed by Arnold Palmer Enterprises. He was staying at UPMC Presbyterian in Pittsburgh at the time of his death. According to Forbes magazine, Mr. Palmer won $3.6 million in prize money during his 52 … Palmer's grandson, Sam Saunders, is also a professional golfer. His most prolific years were from 1960 to 1963, during which he won 29 PGA Tour events in four seasons. Arnold Palmer is a member of Richest Celebrities and Golfers. © 2020 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved, Arnold Palmer Made An Insane Amount Of Money During His Golf Career… And Even More After He Retired, Arnold Palmer Is 86 And Hasn't Played Professional Golf In A Decade… Yet He Still Made $40 Million Last Year, Arnold Palmer Net Worth – How "The King" Became One Of The Wealthiest Athletes Of All Time. Additionally, Palmer ventured into the car business in 1974 when he purchased a Cadillac dealership in Charlotte, North Carolina, along with his business partners Mark McCormack and Don Massey. Palmer was married to second wife ‘Kathleen Gawthrop’ from 2005 until his death in 2016. Most analysts agree that the No. PERSONAL Arnold Palmer died on September 25, 2016 at the age of 87. His stellar performance at the 1960 British Open helped gain him many British and European fans, although he was disappointed with his runner-up finish. Among those was the first modern golf course built in China, which opened in 1988. Yet from the time he passed his prime in the early ’70s, Palmer began branching out into a variety of business interests. After nearly 55 years of flying, he logged almost 20,000 hours of flight time in various aircraft. Palmer also won three other majors during those six years. Even death can’t slow down the earning power of a sports star as popular and lucrative as Palmer. Palmer owned several country clubs and golf courses around the U.S. 3 spot is less certain. One of his most well-known products is the drink known as the Arnold Palmer, which is a combination of iced tea and lemonade. Amateur in Detroit. At the time of his death in 2016, Arnold Palmer’s net worth was estimated at $875 million. Long known for his preferred drink of half-lemonade and half-iced tea — a drink known appropriately enough as the Arnold Palmer — the active entrepreneur partnered with AriZona Beverage Company in 2001 to sell a canned version featuring both his name and face. He returned to form in 1954, winning the U.S. Palmer had a tough break; he spent a lot of his best years playing against a prime Nicklaus. In total, Palmer won seven major championships during his career: Masters Tournament (1958, 1960, 1962, 1964); U.S. Open (1960); The Open Championship (1961, 1962). He had three siblings, Lois, Sandra and Jerry. More wins followed in the next couple of years, as Palmer continued to raise his status in the game.

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