This Is How Much Pro Athletes Made in the ’40s

This post includes affiliate links. If you purchase anything through these affiliated links, 247wallst.com may earn a commission.

The 1940s were a turbulent time for sports. Following the United States' entry into World War II, many male athletes traded the playing field for the battlefield. And this led to the rise of some of the most noted female athletes in history.

But after the smoke settled, professional sports swung back in a big way. And a select few became some of the wealthiest players of their time.

So let’s take a look at the richest athletes of the 1940s.

24/7 Wall St. Insights

• WWII disrupted much of the sports world in the ‘40s, as many athletes contributed to the war effort.
• After the war, many professional athletes earned major salaries.
• War and conflict can put the markets in a tailspin. But you can protect your portfolio by investing in dividend-paying stocks. Check out our free report 2 Dividend Legends to Hold Forever for some exclusive guidance.

Hank Greenberg

Hank Greenberg is known as a leader against anti-semitism.

• Earnings: $100,000
• Highlight: First Jewish Baseball Hall of Famer

Hank Greenberg turned down a contract to join the New York Yankees.

Detroit Tigers player and WW2 vet Hank Greenberg led his team to their first World Series victory in 1945. Beforehand, he missed three seasons after joining the military in WWII. He ended his 13-year career with a .313 batting average and 331 home runs. Greenberg became the first MLB player to score a $100,000 contract.

Joe DiMaggio

Joe DiMaggio turned down a hefty contract to retire in 1952.

• Earnings: $100,000
• Highlight: Three MVP awards

Joltin' Joe

Joe DiMaggio was a star rookie in the mid '30s.

Baseball Hall of Famer Joe DiMaggio is one of the most coveted MLB players in history. In 1941, he earned a hitting streak of fifty-six games. The New York Yankee closed his career with a batting average of .325 and 361 home runs. He even earned celebrity status by marrying Marilyn Monroe. And he scored the American League’s first $100,000 a year contract.

Joe Louis

Joe Louis donated a fistfull of his massive earnings to the armed services.

• Earnings: $4.6 million
• Highlight: World heavyweight champion from 1937 to 1949

The Brown Bomber

Joe Louis is recognized for his abilities in the ring and generosity outside.

Heavyweight Champion boxer and WWII vet Joe Louis is recognized as one of the most significant African-American athletes in history. Through most of the 1940s, he successfully defended his title 24 times. His total earnings are estimated to have been $4.6 million.

But the fighter was also known to be immensely generous. He donated a large sum of his earnings to family as well as branches of the Armed Forces. This put him in the ring with the IRS and he struggled to pay back taxes. The American hero ended up passing away in debt.

Patty Berg

Patty Berg emerged as a standout female golfer in the '40s.

• Earnings: $200,000
• Highlight: First U.S. Women's Amateur champion to go pro.

Dynamite

Patty Berg began playing golf as a student at the University of Minnesota

Patricia “Patty” Berg is one of the most admired female golf players in the sport. In the ‘40s, she won the Women's Western Open title three times. She also went on to win the first U.S. Women's National Open in 1946. Before in 1940, she earned a sponsorship deal with the Wilson Sporting Company, even claiming her signature “Patty Berg Golf Clubs.” Moreover, Patty became the first professional golfer to win more than $100,000. Her total earnings throughout her golfing career were estimated at more than $200,000.

Eddie Arcaro

Eddie Arcaro performed in more than 24,000 races.

• Earnings: $1 million
• Highlight: Won more than 4,000 horse races

The Master

Horse racing is a multibillion dollar industry.

Eddie Arcaro is one of the most celebrated horse racers in the history of the sport. In 1941, he won the Kentucky Derby with his horse Whirlaway. He also won two Triple Crown races. Arcaro began his career at age 14 after quitting school to become a jockey. In total, he participated in more than 24,092 races and won 4,779 of them.

Why we covered this

The world of sports is filled with big scores and high rollers.

Although WW2 rattled the world of sports, many professional athletes rose to fame and fortune. Some even served in the war. We thought all these athletes deserve some recognition. So we put together this guide.

“The Next NVIDIA” Could Change Your Life

If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.

The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”

Click here to download your FREE copy.