Arnold Palmer Leaves $875m Estate

The King's will has been called and his two daughters will split the lion's share of $875m

Arnold palmer leaves $875m estate

The King's will has been called and his two daughters will split the lion's share of $875m

Arnold Palmer Leaves $875m Estate

Arnold Palmer's will has been received by the Orange County State Circuit Court in Orlando and it is worth a staggering $875m.

Palmer, known as 'The King', sadly passed away on 25th September 2016 at the age of 87.

The majority of his estate will be split between his two daughters Peggy and Amy.

RelatedBilly Payne pays touching tribute to Arnold Palmer

According to WESH 2 News, $10m will go to the Arnie's Army Charitable Foundation.

arnold palmer leaves $875m estate

21 Jul 1995: Arnold Palmer of the USA waves to the crowd from the Swilken Bridge on the 18th hole during the second round of the Open at St Andrews in Scotland. This proved to be a farewell from Palmer as shortly after the round he announced this would be his last Open appearance. Credit: Stephen Munday /Allsport

The foundation was set up to provide financial support to 'institutions and organisations that help children, youth, families, the environment and the communities.'

Related: Arnold Palmer's incredible Augusta yardage book

That includes hospitals, with his Arnold Palmer Hospital for Children and the Winnie Palmer Hospital for Women and Babies, named after his late first wife, both in Orlando, Florida.

According to Forbes Magazine, the assets left behind by The King include multiple golf courses, properties and merchandise licensing.

Related: Arnold Palmer's finest Ryder Cup moments

They also estimate his lifetime earnings to be $1.3 billion.

Palmer's widow Kathleen will receive $10m, $5m will be set aside for creditors and eight of his employees will all receive $25,000.

Elliott Heath
Elliott Heath

Elliott Heath is our Senior Staff Writer and has been with Golf Monthly since early 2016. He graduated in Sports Journalism in 2016 and currently manages the Golf Monthly news, courses and travel sections as well as our large Facebook, Twitter and Instagram pages. Elliott has interviewed some huge names in the golf world including Sergio Garcia, Thomas Bjorn, Bernd Wiesberger and Scotty Cameron as well as a number of professionals on the DP World and PGA Tours. He has also covered the 2022 Masters from Augusta National as well as three Open Championships including at Carnoustie in 2018 when he was inside the ropes with Tiger Woods. He has played 31 of our Top 100 golf courses, with his favourites being both Sunningdales, Woodhall Spa, Old Head and Alwoodley. He currently plays at West Byfleet Golf Club in Surrey, where his handicap index floats anywhere between 4-6. His golfing highlight is making albatross on the 9th hole on the Hotchkin Course at Woodhall Spa, and he has made one hole-in-one.

Elliott is currently playing:

Driver: Honma TR20

3 wood: TaylorMade SIM2 Max

2 iron: Mizuno MP-18 MMC Fli-Hi

Irons: Mizuno MP5 4-PW

Wedges: Cleveland RTX ZipCore 50, 54, 58

Putter: Odyssey White Hot OG #5

Ball: Titleist Pro V1x