The first Masters in 1934 was won by Horton Smith, who pocketed $1,500 for his historic win. In 2024, Scottie Scheffler earned a record $3.6 million for winning his second 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-setting 24th consecutive time in 2024, held the top spot on the all-time money list for the Masters. In 2023, Phil Mickelson’s surprising tie for second made for a new No. 1 on this list. After 2024, there’s a new No. 3.
Here are the top 20 money winners all-time at the event. (Source: masters.com).
20
Jose Maria Olazabal
Jose Maria Olazabal wears his green jacket after winning the 1994 Masters. (Photo: Phil Sheldon/Getty Images)
Jose Maria Olazabal won two Masters, in 1994 and 1999, was runner-up in 1991 and made the cut and tied for 45th in 2024 at age 58. He has won $2,677,718 in 35 starts.
19
Vijay Singh
Vijay Singh is presented with the green jacket by Jose Maria Olazabal after winning the 2000 Masters Tournament at the Augusta National Golf Club. (Photo: Chris Smith/Getty Images)
Vijay Singh won the 2000 Masters by three shots over Ernie Els. Singh has made $2,669,205 in 31 starts, including 2024 when he made the cut.
18
Fred Couples
Fred Couples hits out of a bunker on No. 12 during the first round of the 2024 Masters Tournament. (Photo: Katie Goodale-USA TODAY Network)
The 1992 Masters champ, Fred Couples, has made $2,850,601 in 39 appearances at Augusta National. He became the oldest golfer to make the cut in 2023.
17
Charl Schwartzel
Phil Mickelson slips the green jacket on Charl Schwartzel after he won the 2011 Masters Tournament at Augusta National Golf Club. (Photo: Robyn Beck/Getty Images)
Charl Schwartzel won the Masters in 2011. He has made $2,951,201 in 15 starts.
16
Brooks Koepka
Brooks Koepka greets patrons after finishing his second round at the 2023 Masters. (Photo: Rob Schumacher-USA TODAY Network)
Brooks Koepka, the 54-hole leader in 2023, earned $1,584,000 for his tie for second. In nine Masters appearances, he’s earned $3,281,484.
15
Cameron Smith
Cameron Smith tees off on the 18th hole during the third round of the 2023 Masters. (Photo: Rob Schumacher-USA TODAY Network)
In eight appearances, Cameron Smith has made $3,411,668 at the Masters.
14
Sergio Garcia
Sergio Garcia, the 2017 Masters Champion, signs autographs during the finals of the 2018 Drive, Chip & Putt competition at Augusta National. (Photo: Michael Madrid/USA TODAY Sports)
Sergio Garcia has earned $3,426,530 in 25 Masters Tournaments. He won the tournament in 2017 in his 19th Masters appearance.
13
Angel Cabrera
Angel Cabrera celebrates after winning the 2009 Masters at Augusta National Golf Club. (Photo: Tim Sloan/Getty Images)
Angel Cabrera, the 2009 Masters champ, has made $3,527,257 in 20 appearances.
12
Lee Westwood
Lee Westwood hits a shot on the first hole during the final round of the 2011 Masters in Augusta, Georgia. (Photo: Getty Images)
Lee Westwood has made 21 Masters appearances and has won $3,687,748.
11
Patrick Reed
Patrick Reed holds up the trophy after winning the 2018 Masters Tournament at Augusta National Golf Club. (Photo: Rob Schumacher/USA TODAY Sports)
Patrick Reed won the Masters in 2018. In 11 appearances at Augusta National, he has won $4,032,850.
10
Adam Scott
Adam Scott after winning the 2013 Masters in a playoff. (Photo: USA TODAY Sports)
Adam Scott has made 23 Masters appearances and has earned $4,033,807. He won the event in 2013.
9
Hideki Matsuyama
Dustin Johnson presents Hideki Matsuyama with the green jacket after winning the 2021 Masters. (Photo: Rob Schumacher-USA TODAY Sports)
Hideki Matsuyama has $4,034,867 in earnings in 13 appearances at Augusta National.
8
Bubba Watson
Bubba Watson won the 2012 Masters in a two-hole playoff. Photo by USA TODAY Sports
Bubba Watson has made 16 Masters appearances, won the tournament twice and has earned $4,111,230.
7
Rory McIlroy
Rory McIlroy and Collin Morikawa celebrate after they each holed out from the same bunker on consecutive shots during the final round of the 2022 Masters Tournament. (Photo: Michael Madrid-USA TODAY Sports)
Rory McIlroy has made 16 appearances in the Masters. His best finish at Augusta is fourth in 2015. He’s earned $4,333,021 all-time.
6
Justin Rose
Justin Rose walks to the 11th green during the final round of the 2017 Masters Tournament at Augusta National Golf Club. (Photo: Rob Schumacher/USA TODAY Sports)
Justin Rose has made 19 Masters appearances and has earned $4,403,768.
5
Dustin Johnson
Dustin Johnson walks to the No. 13 green during the 2023 Masters at Augusta National Golf Club. (Photo: Michael Madrid-USA TODAY Network)
Dustin Johnson in 2020 won his first green jacket, a prize that was worth $2,070,00. He missed the cut in 2023 and 2024. He has earned $4,576,475 in 14 trips.
4
Jordan Spieth
Bubba Watson places the green jacket on 2015 champion Jordan Spieth at the Masters at Augusta National Golf Club. (Photo: Timothy A. Clary/Getty Images)
In 11 Masters appearances, Jordan Spieth has earned $6,015,828. He won the tournament in 2015. In 2023, he tied for fourth. In 2024, he missed the cut.
3
Scottie Scheffler
Scottie Scheffler walks with his caddie, Ted Scott, on No. 18 during the third round of the 2024 Masters Tournament. (Photo: Katie Goodale-USA TODAY Network)
He’s played in five tournaments at Augusta National and has two green jackets, winning in 2022 and 2024. He’s now third on the all-time Masters money list with $7,037,325.
2
Tiger Woods
Tiger Woods receives the green jacket from Patrick Reed in Butler Cabin as Augusta National chairman Fred Ridley and CBS announcer Jim Nantz look on at the 2019 Masters. (Photo: Rusty Jarrett/Augusta National)
Tiger Woods has made $9,627,836 in 26 Masters appearances. Woods has five green jackets. He made the cut in 2024 for a record-setting 24th time. It’s also his 25th overall made cut at Augusta National.
1
Phil Mickelson
Phil Mickelson receives his green jacket from 2009 champion Angel Cabrera after winning the Masters at Augusta National Golf Club on April 11, 2010. (Photo: USA TODAY Sports)
Phil Mickelson has earned $9,845,317 in 31 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.
