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Arnold Daniel Palmer was born on September 10, 1929, in Latrobe, Pennsylvania, to his parents Milfred Jerome Deacon Palmer and Doris Palmer. Simpson were spokespersons for Hertz Rent-a-Car. Additionally, he made 50 consecutive appearances in the Masters Tournament, making his last one in 2004. Palmer was also a member of the American Society of Golf Course Architects. "His dashing presence singlehandedly took golf out of the country clubs and into the mainstream. He was far from being an athlete who made money from his skills. Here's a quick look back at how it all came to be. And of that $700 million, only a teeny tiny fraction actually came from playing golf. Arnold Palmer Net Worth $675 Million The Latrobe dealership, known as Arnold Palmer Motors, closed in 2017 after 36 years in business. Palmer didnt technically retire until 2006. The event was originally organized by McCormack to showcase his stable of players. It became J.D. He has won titles as an amateur, professional, and as a senior player. After his funeral, he was cremated and his ashes were scattered in his hometown at Latrobe Country Club. He again won the Masters Tournament in 1960, 1962, and 1964. In terms of his career win total, Palmer falls behind both Nicklaus and Woods. At the time of his death in 2016, Arnold Palmers net worth was estimated at $875 million. By the mid-1960s, Palmer was charging as much as $7,500 as an appearance fee. Here's Who Inherited Arnold Palmer's Money After He Died. He won seven major titles in a six-plus-year domination from the 1958 Masters to the 1964 Masters. In 2010, the beverage had over $100 million in revenue. 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. Arnold Palmer Net worth: 85 Million . [10][57] According to their website: "[The airport] started as the Longview Flying Field in 1924. His pilot's medical certificate expired that day and he chose not to renew it. He signed his first endorsement deal in 1959 with the golf club maker Wilson. The licensing business is one by its nature that can perpetuate far beyond the persons demise if set up correctly, says Alastair Johnston, Palmers longtime agent at IMG. When Arnold Palmer died in September at 87, he left behind more than his legacy. Palmer has represented the United States in several events and won them. [34][35], Palmer was inducted into Omicron Delta Kappa - The National Leadership Honor Society in 1964 at Wake Forest University. He was still Arnold Palmer, the King of golf, as USA Today put it. He quickly went on to establish himself in the golf community, winning the 1958 Masters Tournament. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! 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. In addition to his golfing career, Palmer owned several businesses and made around $1billion in endorsement deals throughout his lifetime. Terms of the deal required Palmer to give the clubs back if he ever quit playing. [10], Palmer won the 1954 U.S. He was more than a golfer or even great golfer. Winnie died at age 65 on November 20, 1999, from complications due to ovarian cancer. In addition to Palmer's impressive list of awards, he was bestowed the honor of kicking off the Masters Tournament beginning in 2007. How rich is Arnold Palmer As a result, Palmer finished as runner-up in 10 majors. He also had a drink named after him. . Fortunately, everything was laid out well for how things would be distributed in the event of his death. The 33-year-old Celebrity Big Brother winner posted a video of 2020 showing him having sex with Love Island's Georgia Harrison in his backyard. As a designer, Palmer worked on more than 300 golf courses in 37 states, 25 countries, and five continents (all excluding African and Antarctica). He attributed the fortune by participating in a number of golf tournaments in his career. His estate was divided among his two daughters. Palmer married his second wife, Kathleen Gawthrop, in 2005. He has become an influential figure to several top golfers of the world. . 2023 Celebrity Net Worth / All Rights Reserved. In 1966, he won the U.S. Open and had got several other wins. Saunders stated that Palmer's family nickname is "Dumpy". In 2015, Palmer remained one of the highest-paid . He was a legend. Arnold Palmer was inducted into the World Golf Hall of Fame in 1974. Among his many titles and accolades, Palmer was the first person to make a million dollars from golf. Amateur in Detroit and made the decision to turn pro in November of that year. The No. (@APinv) June 15, 2014. [8][10] In 1971, he purchased Latrobe Country Club (where his father used to be the club professional) and owned it until his death. The United States Postal Service issued a commemorative stamp honoring Palmer on March 4, 2020. Arnold passed away on 25 September 2016. Even death can't slow down the earning power of a sports star as popular and lucrative as Palmer. 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. Arnold Palmer is considered one of the most popular golfers in the world. 's birthday? They had two daughters together. [49] Palmer served on the advisory board of U.S. English, a group that supports making English the official language of the United States. During his 52-year career on the PGA Tour and Champions Tour, Palmer won $3.6 million in prize money. September 10, 2015, 85th birthday - Arnold Palmer died from heart problems at the age of 87 in 2016. He went toWake Forest Universityfor golf but dropped out after the death of a friend. And with each jump, the paycheck jumped. His scores had the English excitedly claiming that Palmer may well be the greatest golfer ever to play the game. (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. [10] Winnie died at age 65 on November 20, 1999, from complications due to ovarian cancer. Less than a week after Palmer died, his life was celebrated by both teams at the Ryder Cup at Hazeltine National Golf Club in Chaska, Minnesota, just outside the Twin Cities. You can be selective of the images you want to use from his lifetime, says Johnston. Arnold Palmer Earned $1.3 BILLION From Endorsements During His Lifetime, 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. Before long, Arnie was playing well enough to beat the older caddies at the club. Instagram Star. Amateur Championship in 1954. He formed the company Palmer Course Design in 1972 with his design partner Ed Seay; it was renamed to the Arnold Palmer Design Company in 2006. Palmer's early "fear of flying" was what led him to pursue his pilot certificate. Palmer was globally recognized for his achievements as a golfer and being part of "The Big Three" in golf, along with Jack Nicklaus and Gary Player, the three key players who are widely credited with popularizing and commercializing the sport around the world. 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. 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". Complete Wiki Biography of Arnold Palmer, which contains net worth and salary earnings in 2023. Palmer will also forever be known as the namesake of the Arnold Palmer drink, a mix of lemonade and iced tea. So, how wealthy was Arnold Palmer? The same jury rejected the counterclaims of Palmer and Woods, and awarded Gotta Have It $668,346 in damages. He was 87 at the time of his death. September 10, 2014. Who is Arnold Palmer [61] After his funeral, he was cremated and his ashes were scattered in his hometown at Latrobe Country Club. 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. It has been 13 months since Arnold Palmer died, from complications of heart problems, at the age of 87. [6][7], Palmer attended Wake Forest College on a golf scholarship. We welcome all corrections and feedback using the button below. Hill Airport in 1928, Latrobe Airport in 1935 and Westmoreland County Airport in 1978. Following his death, Palmer's multi-million dollar fortune was split between his daughters, second wife, employees, and charity: Arnie's Army. [10] His first major championship win at the 1958 Masters Tournament, where he earned $11,250, established his position as one of the leading stars in golf, and by 1960 he had signed up as pioneering sports agent Mark McCormack's first client. Palmer had a diverse golf-related business career, including owning the Bay Hill Club and Lodge in Orlando, Florida, which is the venue for the PGA Tour's Arnold Palmer Invitational (renamed from the Bay Hill Invitational in 2007), helping to found The Golf Channel, and negotiating the deal to build the first golf course in the People's Republic of China. So, how much is Arnold Palmer worth at the age of 87 years old? In recognition of his dominance, Palmer took home PGA Player of the Year honors in 1960 and 1962. As you may have heard by now, Arnold Palmer died last night at the age of 87. ? 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). Palmer has won several awards, and his career began back in the 1950s. It can be quite ugly. Arnold Palmer Net Worth At Death Arnold Palmer had an estimated net worth $700 million dollars as at the time of his death. [21], From 2007 until his death, Palmer served as an honorary starter for the Masters. On November 17, 1954, Palmer announced his intentions to turn pro. His scores had the English excitedly claiming that Palmer may well be the greatest golfer ever to play the game. Fellow legend Jack Nicklaus said at that time, according to Golf Digest: I know he is doing what is in the best interest of his health and for future opportunities to get back up on that tee with driver in hand. He retired from tournament golf on October 13, 2006, when he withdrew from the Champions Tours' Administaff Small Business Classic after four holes due to dissatisfaction with his own play. 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. Palmer also won three other majors during those six years. Palmer himself was known to often order and drink this particular combination. [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. Arnold Daniel Palmer (September 10, 1929 September 25, 2016) was an American professional golfer who is widely regarded as one of the greatest and most charismatic players in the sport's history. He began caddying himself when he was 11 and worked at almost every job at the club in later years.. ESPN Arnold Palmer The Machine | 2 Spots. Currently, Arnold Palmer is 93 years, 5 months and 23 days old. Arnold Palmer was an American professional golfer and entrepreneur who was a net worth of $700 million. Remembering Arnold Palmer's work as pitchman for Cadillac", "Golf icon Arnold Palmer was also an auto industry player", "Arnold Palmer Motors near Latrobe will close Dec. 1 after 36 years", "RIP, Arnold Palmer: Obama, Nicklaus, Woods and others pay tribute to 'The King', Arnold Palmer:100 things to know about The King, "50 Greatest Golfers of All Time: And What They Taught Us", "Arnold Palmer joining exclusive gold club", "Arnold Palmer receives Congressional Gold Medal", "Golfer Arnold Palmer Honored With Congressional Gold Medal", "Nicklaus to join Palmer as honorary starter at Masters", "Player to Join Palmer, Nicklaus as Honorary Starter at 2012 Masters", "Arnold Palmer's Grandson Makes Cut for US Open", "Palmer gets remarried in Hawaii ceremony", "Arnold Palmer dies, Orlando loses its king of sports and charity", "1985 Hertz Commercial: O.J. Palmer designed more than 300 golf courses in 37 states, 25 countries, and five continents (all except Africa and Antarctica), including the first modern course built in China, in 1988. But in a life bursting from the seams with success, Palmer never lost his common touch. Per the Pittsburgh Post-Gazette, w hen it came to his will, he left his estate to his second wife, two daughters, his foundation, and employees that he picked to be beneficiaries. [68], A Golden Palm Star on the Palm Springs Walk of Stars was dedicated to Palmer on January 1, 2017. Submit a correction suggestion and help us fix it! PGA Tour of Australasia playoff record (01). [8] "What other people find in poetry, I find in the flight of a good drive," Palmer said. In 2010, longtime friend and competitor Jack Nicklaus was appointed by Augusta National to join Palmer. He attended Clemson University in South Carolina on a golf scholarship, and turn pro in 2008. Even death cant slow down the earning power of a sports star as popular and lucrative as Palmer. The endorsements kept piling up thanks to Arnold's likability and "every-man" persona. Professional golf Powered by. He was one of the top won golfers of his time, and retained the title even after retirement for several years. The Foundation oversaw projects such as the creation of the 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. Family members feud with each other, sometimes publicly. He is fifth on the Tour's all-time victory list, trailing only Sam Snead, Tiger Woods, Jack Nicklaus, and Ben Hogan. Palmer's bag from the 1975 Ryder Cup was also placed on the first tee as a tribute. His first tour win was in 1955, during his rookie season; he won the Canadian Open, earning $2,400. Palmer's net worth as of last year was an estimated $680 million. Signs that Palmers health was starting to fail had been emerging for several years, but took on new poignancy at the Masters last spring, what would prove to be his last. MillerCoors is launching an Arnold Palmer Spiked Half & Half this yearand has plans for a national rollout in 2018. Palmer would have ranked13th in Forbes look at the worlds highest-paid athletes(active athletes only). [25] On March 12, 2014, a Florida jury ruled in favor of Gotta Have It on its breach of contract and other related claims. He has also successfully represented his country on several events. There, he met his future wife, Winifred Walzer, and they remained married for 45 years until her death in 1999. Postal Service", American Society of Golf Course Architects profile, https://en.wikipedia.org/w/index.php?title=Arnold_Palmer&oldid=1139418682, Winners of men's major golf championships, Winners of senior major golf championships, Ryder Cup competitors for the United States, United States Coast Guard non-commissioned officers, Articles with dead external links from October 2022, Articles with permanently dead external links, Short description is different from Wikidata, All Wikipedia articles written in American English, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Moody won with birdie on second extra hole, 1947 WPIAL Championship, PIAA Championship, Western Pennsylvania Junior, Western Pennsylvania Amateur, 1950 Southern Intercollegiate, Western Pennsylvania Amateur, Greensburg Invitational, 1951 Western Pennsylvania Amateur, Worsham Memorial, 1952 Western Pennsylvania Amateur, Greensburg Invitational, Most consecutive cuts made 26 (1958 Masters 1965 Masters), Longest streak of top-10s 6 (1966 Masters 1967 U.S. Open), This page was last edited on 15 February 2023, at 01:25. [13] British fans were excited about Palmer's playing in the Open. There were quite a few people included in Palmer's will. His fans declared themselves to be members of "Arnie's Army.". [10] He raised his game status for the next several seasons. 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. He officially retired from tournament gold on October 13, 2006, although from 2007 until his death he served as honorary starter for the Masters. Lets look at Palmers golfing career and business interests, which both contributed to his net worth. In 2004, he competed in the Masters Tournament for the last time, marking his 50th consecutive appearance in that event. Movie Actor. You have more authenticity to use different images during his career to support the commercial program and not being deceitful of his current profile.. He noted that many of his colleagues smoked, and he even endorsed the product in television commercials. Palmer owned several car dealerships, specializing primarily in Buicks and Cadillacs. The Foundation saw the creation of the 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. More than 400 stores sell Arnold Palmer-branded apparel in Asia, and there are plans to move into new markets like Thailand and Vietnam. Between 1958 and 1964, he won the Masters four times a feat only Nicklaus and Woods have ever been able to duplicate. In 1974, he was inducted into the World Golf Hall of Fame. In 1997, Palmer and fellow golfer Tiger Woods initiated a civil case in an effort to stop the unauthorized sale of their images and alleged signatures in the memorabilia market. Words cannot describe the loss of Mr. Arnold Palmer. [8] "That victory was the turning point in my life," he said. [10], In later interviews, McCormack listed five attributes that made Palmer especially marketable: his handsomeness; his relatively modest background (his father was a greenskeeper before rising to be club professional and Latrobe was a humble club); the way he played golf, taking risks and wearing his emotions on his sleeve; his involvement in a string of exciting finishes in early televised tournaments; and his affability. In 2017, Forbes reported that his estate earned $40 million in the first year following his death. 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. Dating back to 1955, he won numerous events on both the PGA Tour and the circuit now known as PGA Tour Champions. In particular, Palmer traveled to Scotland in 1960 to compete in the British Open for the first time. He was the owner of Bay Hill Club and Lodge in Orlando, Florida; the lodge hosts the Arnold Palmer Invitational on the PGA Tour. His success earned him a large fan base and following, and in 1967 he became the first man in history to hit the mark of $1 million in career earnings on the PGA tour. To conquer his own fear of flying, Palmer pursued his pilot certificate. Johnston wants to capitalize on the Palmer brand in the food category and follow the path of PepsiCoby pairing salty snacks with the beverages. His public memorial service was held October 4 in Latrobe, Pennsylvania. Palmer passed away on September 25, 2016, while waiting to receive heart surgery at the University of Pittsburgh Medical Center in Pittsburgh, Pennsylvania. From 2007 until his death, Palmer served as an honorary starter for the Masters. #2) Endorsements would never be tied to winning, since eventually everyone stops winning. 03-19490 (Fla. Cir. His participation in The Open Championship in the early 1960s "was the catalyst to truly internationalize golf," said European Tour chief executive Keith Pelley. Staff Picks One Show 2010 Informal & Unofficial favorites chosen by the One Show's video department. 86th birthday - Only Michael Jackson has earned more among deceased celebrities. His wins in the 1960s include Canada Cup, Long Island Open, Panama Open, Australian Open, Piccadilly World Match Play Championship, and Wills Masters. Andrew Redington/Getty Images #2. About. Today the Arizona Beverage Company distributes the drink. Yet from the time he passed his prime in the early 70s, Palmer began branching out into a variety of business interests. In a career spanning more than six decades, Palmer won 62 PGA Tour titles from 1955 to 1973. In describing the effect that Palmer had on the sport, biographer James Dodson stated: Palmer thought he would pilot a plane for the last time on January 31, 2011, and flew from Palm Springs in California to Orlando in his Cessna Citation X. He was approached on multiple occasions by the Republican Party encouraging him to run for political office, but declined on each occasion.[53][54]. 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." Arnold's grandson, Sam Saunders, became a professional golfer. 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. 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. In 1998, he was honored with the PGA Tour Lifetime Achievement Award. [52], Palmer was a Republican, and donated money to Pat Toomey, John McCain, Mitt Romney, Rick Santorum and George W. Bush. He has won titles as an amateur, professional, and as a senior player. He has won several PGA Tours and has won the Masters Tournament four times in his career. AUGUSTA, GEORGIA APRIL 07: (L-R) Honorary starters Jack Nicklaus, Arnold Palmer and Gary Player attend the ceremonial tee off to start the first round of the 2016 Masters Tournament at Augusta National Golf Club on April 7, 2016 in Augusta, Georgia. 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. Palmer wanted to emulate the feats of his predecessors Bobby Jones, Sam Snead and Hogan in his quest to become a leading American golfer. Legendary golfer Arnold Palmer has died. Arnold Palmer Net Worth His net worth has been growing significantly in 2021-2022. [10] Palmer's design partner was Ed Seay. His estimated net worth was $750 million. 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. Like us on Facebook atwww.facebook.com/TheSunUSand follow us from our main Twitter account at@TheSunUS, Reaction from STACKED Telford bill including first TAG TEAM boxing clash, NFL star's brother accused of 'multiple assaults & forcibly kissing bar owner', NFL player attacked by gunmen who ran off with pricey jewelry, Astrid Wett to make embarrassing name change if she loses to AJ Bunker, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP. His estate made over $40 million in the 12 months after his death in 2016. "[58] There is a statue of Palmer made by Zenos Frudakis, holding a golf club in front of the airport's entrance, unveiled in 2007.[59]. [39] In 2012, golf's The Big Three reunited as South African golfer Gary Player joined for the ceremonial tee shots as honorary starters for the 76th playing of the Masters Tournament. [46] That included building one of the premier events on the PGA Tour there along with his contributing to new hospitals. 's salary? In Pennsylvania's Latrobe, Palmer was born. He won four Masters Tournaments from 1958 . (Getty). https://t.co/gNT38bC6ax pic.twitter.com/URyD8eZ3zm, NBC Sports (@NBCSports) September 26, 2016, Palmers funeral was private. From 2007 to 2009, Palmer was the sole honorary starter. He's the defining figure in golf. $3.6 million is a decent amount of money, but not really enough to sustain. During his playing career, Arnold Palmer smoked cigarettes, which caused him to battle an addiction to nicotine. Palmer made the decision to turn pro after winning the 1954 U.S. [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. That's the same as around $60,000 today. Today, Arnies Army Charitable Foundation provides financial support to institutions and organizations that help children, youth, families, the environment and the communities in which we live. There is a childrens hospital in his name. At the time of his death, Arnold Palmer's net worth was $700 million. His appearance at the British Open also convinced many American golfers that it was worth it to travel to Britain for the event, something few had done. And just like Michael Jordan, the vast vast. 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. The net worth of Arnold Palmer during the time of his death was valued at $875 million. 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. He was also a prolific designer of courses around the world. Arnold Palmer body measurments, height, weight and age details. One of the greats Arnold Palmer joins Jose Fernandez with St. Peter on same day. Arnold Palmer, known as "the King" for his transformative legacy in golf, has died at the age of 87. 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). Palmer is also credited by many for securing the status of The Open Championship (British Open) among U.S. players. The lawsuit was filed against Bruce Matthews, the owner of Gotta Have It Golf, Inc. and others. As per our current Database, Arnold Palmer died on Sep 25, 2016 (age 87). Nonetheless, his career easily ranks among the greatest in golf history. Any list of the all-time best golfers must include certain names. Arnold Palmer passed away on September 25, 2016.