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. (Source: masters.com).
20
Jose Maria Olazabal
Jose Maria Olazabal won two Masters, in 1994 and 1999, and was runner-up in 1991. He has won $2,620,518 in 34 starts.
19
Vijay Singh
Vijay Singh won the 2000 Masters by three shots over Ernie Els. Singh has made $2,627,805 in 30 starts.
18
Cameron Smith
In seven appearances, Cameron Smith has made $2,716,668 at the Masters.
17
Fred Couples
The 1992 Masters champ, Fred Couples, has made $2,850,601 in 38 appearances at Augusta National. He became the oldest golfer to make the cut in 2023.
16
Charl Schwartzel
Charl Schwartzel won the Masters in 2011. He has made $2,951,201 in 14 starts.
15
Brooks Koepka
Brooks Koepka, the 54-hole leader in 2023, earned $1,584,000 for his tie for second. In eight Masters appearances, he’s earned $3,224,284.
14
Sergio Garcia
Sergio Garcia has earned $3,426,530 in 24 Masters Tournaments. He won the tournament in 2017 in his 19th Masters appearance.
13
Scottie Scheffler
He’s played in four tournaments at Augusta National but he’s already 13th on the all-time Masters money list with $3,437,325. He earned $2,700,000 for winning the green jacket in 2022.
12
Angel Cabrera
Angel Cabrera, the 2009 Masters champ, has made $3,527,257 in 20 appearances.
11
Patrick Reed
Patrick Reed won the Masters in 2018. In ten appearances at Augusta National, including a tie for fourth in 2023, Reed has won $3,627,850.
10
Lee Westwood
Lee Westwood has made 21 Masters appearances and has won $3,687,748, putting him 10th on the list.
9
Adam Scott
Adam Scott has made 22 Masters appearances and has earned $3,858,307. He won the event in 2013.
8
Hideki Matsuyama
Hideki Matsuyama has $3,948,867 in earnings in 12 appearances at Augusta National.
7
Bubba Watson
Bubba Watson has made 15 Masters appearances, won the tournament twice and has earned $4,111,230.
6
Rory McIlroy
Rory McIlroy has made 15 appearances in the Masters. His best finish at Augusta is fourth in 2015. He missed the cut in 2023. He’s earned $4,157,521 all-time.
5
Justin Rose
Justin Rose has made 18 Masters appearances and has earned $4,403,768, putting him into the top five.
4
Dustin Johnson
Dustin Johnson in 2020 won his first green jacket, a prize that was worth $2,070,00. He missed the cut in 2023. He has earned $4,576,475 in 13 trips.
3
Jordan Spieth
In 10 Masters appearances, Jordan Spieth has earned $6,015,828. He won the tournament in 2015. In 2023, he tied for fourth.
2
Tiger Woods
Tiger Woods has made $9,588,236 in 25 Masters appearances. Woods has five green jackets. He made the cut in 2023 for a record-tying 23rd time. It’s also his 24th overall made cut at Augusta National.
1
Phil Mickelson
Phil Mickelson has earned $9,773,317 in 30 starts at the Masters, including $1,584,000 for a tie for second in 2023. He has won the event three times and has made 27 cuts.
