Arnold Palmer Net Worth, Money and More

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Net Worth: $ 600 Million

arnold palmer
Arnold Daniel Palmer is an American professional golfer and is often regarded as one of the greatest golfer world has ever seen. He has won innumerable awards in his lifetime, the first one date’s back to the 50’s.He was nicknamed as “The King” as defeating him was almost impossible for anyone .Among his numerous wins and championships ,he has won PGA tour 62 times and the championship tour ten times. Coming from a humble background, Palmer’s success changed the perception about golf from being the game of elite class to the game of the middle class and democratic people. With Jack Nicklaus and Gary Player he is among “The Big Three” in golf .He won the PGA Tour Lifetime Achievement Award in the year 1988 and was inducted into the World Golf Hall Of Fame.

EARLY LIFE
arnold palmer early life
Palmer was born in Latrobe Pennsylvania .His father taught him everything about golf .His father, Milfred Palmer suffered from polio at a very young age and was the head professional and greenskeeper at the Latrobe Country Club.Later he joined Wake Forest University but left it later due to the death of his friend to whom he was very closed .Palmer then joined United States Coast Guard and served there for about three years .Though he was serving in United States Coast Guard but it didn’t deter him from honing his golf skills .He went back to college and competitive golf .It was the year 1954 that brought the change in his life when he won in 1954 that made him decide to try the pro tour.

CAREER AND WEALTH
arnold career
Palmer won Canadian Open in the year 1954 and raised the standard of his game for next several seasons .Palmer was the reason which made golf the television event .His win at the 1958 Masters Tournament made him a star and it was later in the year 1960 that he had signed up as Mark McCarmacks first client.Mark listed 5 factors which made him a selling product In golf and they are his good looks, his modest background, his unique way of playing golf, his nature of taking risks and his warmth.
He is also credited for securing the status of British Open among United States players .Palmer won several major championships .During the years 1960-1963 he won 29 PGA Tour events .In the year 2004,he completed in The Masters for the last time .
The Masters: 1958,1968,1970,1972
US Open: 1960
The Open Championship: 1961, 1962
Palmer indeed has made huge contributions to the game of golf and will always be remembered for it.

Palmer has various golf related businesses across the globe .He owns the Bay Hill Club and Lodge and also founded the The Golf Channel which helped in opening first golf club in China .Apart from all this he also owns a beverage known as Arnold Palmer which is a combination of sweet iced tea and lemonade .

RECOGNITION
arnold with trophy
In the year 2000, Palmer was ranked the sixth greatest golf player of all time in Golf Digest magazine’s ranking.
He was awarded the Congressional in 2009 and the Presidential Medal of Freedom in the year 2004.
In 1960,he won the Hickok Belt at the top professional of the year and Sports illustrated magazine’s “Sportsman of the year” award.

ARNOLD PALMER ESTATES AND HOMES
La Quinta
la quinta

Pennsylvania House
pennysylvania home

ARNOLD PALMER CAUSES

Arnold Palmer Foundation
Initiatives included for this charity are hospitals for children, Arnold Palmer prostate center, Winnie Palmer nature Reserve, Arnold Palmer pavilion and Winnie Palmer Hospital for Women and Children.

Neurofibromatosis.Inc
The charity is creating awareness about NF and is gathering support for the people suffering from this disease. They are trying to achieve this through education, advocacy and by supporting the researches done for NF’s treatment and cure.

DoSomething.org
The organization is aimed at inspiring, supporting and celebrating a generation of doers. Those who are related to this organization are able to see the need to do something.

Soles4Souls
This is a Nashville based organization that collects shoes from warehouses of footwear companies and from the public and gives those to individuals who are in need irrespective of their caste or creed.

KaBOOM!
It is a non-profit organization which aims to create great play spaces

PERSONAL LIFE
arnold with his wife Kathleen
Palmer was married to Winnie Palmer for 45 years .Due to complications in ovary, Winnie died on November 20, 1999.Palmer remarried to Kathleen Gawthrop in 2005.
Palmer’s grandson Sam Saunders is a professional golfer and he won The Club Championship at an age of 15 years. Palmer was a great pilot and flew planes for about 50 years .He flew last time on January 31, 2011 when he flew the plane Palm Springs, California to Orlando, Florida in his Cessna Citation His pilot medical certificate expired that day and he never renew it after that. Arnold Palmer regional airport in Latrobe, Pennsylvania is named for him
Palmer now lives near his golf course, Arnold Palmer’s Bay Hill Country Club and Lodge, in Orlando, Florida.

QUOTES
arnold quotes
“The road to success is always under construction”.
“Concentration comes out of a combination of confidence and hunger”.
“Golf is deceptively simple and endlessly complicated “.
“The more I practice the luckier I get”.
“I have a tip that will take five strokes off anyone’s golf game. It’s called an eraser”.

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