The first Masters in 1934 was won by Horton Smith, who pocketed $1,500 for his historic win. In 2023, Jon Rahm earned a record $3.24 million for winning his first green jacket and second major championship.
The money has certainly changed over the years. Jack Nicklaus played in 45 Masters and made a record 37 cuts. His career earnings at the tournament are $772,359. Arnold Palmer, who played in 50 Masters and made 23 cuts, earned $204,013.
Tiger Woods, who made the cut for a record-tying 23rd time in 2023, held the top spot on the all-time money list for the Masters, but he didn’t collect a paycheck in 2023 after withdrawing just ahead of the final round. Couple that with Phil Mickelson’s surprising tie for second and there’s a new No. 1 on this list.
Also new in 2023: Brooks Koepka enters the top 20 as he is the 15th golfer to surpass the $3 million in Augusta earnings. That means Ernie Els drops out of the top 20.
There have been 87 Masters. Here are the top 20 money winners all-time at the event.