Cole Palmer has an estimated net worth of £12.5 million. The England international’s wealth has grown rapidly following his high-profile transfer to Chelsea F.C. and a long-term contract extension.
With endorsement deals and performance bonuses increasing, Palmer’s net worth is expected to rise significantly over the next few years.
Early Life & Academy Journey
Born in Wythenshawe in 2002, Palmer showed exceptional talent from a young age. At just 10 years old, he impressed scouts at a tournament in Germany.
He progressed through the academy at Manchester City F.C., eventually captaining the club’s under-18 side to a league title.
Despite not possessing imposing physical strength, Palmer’s technical skill, composure, and creativity helped him rise through the ranks — proving early doubters wrong.
Chelsea Transfer & Breakthrough
Breaking into Manchester City’s first team consistently proved difficult due to strong competition. In 2023, Palmer completed a move to Chelsea for around £40 million.
The transfer initially seemed risky, but Palmer quickly became one of the Premier League’s standout performers.
His impact saw him enter discussions for PFA Player of the Year consideration and earn regular call-ups to the England squad under Gareth Southgate.
Salary At Chelsea
According to reports, Palmer earns approximately £130,000 per week at Chelsea.
While more than 60 Premier League players reportedly earn higher weekly wages, Palmer is widely viewed as central to Chelsea’s long-term plans. Continued elite performances could see him secure a substantial pay rise in the near future.
Endorsements & Brand Deals
Palmer’s marketability has grown alongside his footballing success. He has:
-
Worked with EA Sports
-
Featured prominently in campaigns for Nike
-
Collaborated with Burberry
He also trademarked his popular “Cold Palmer” celebration and signed a lucrative new deal with Nike in March 2025.
Family & Background
Palmer comes from a proud family background. His grandfather moved to the UK from St. Kitts in 1960, and Palmer often honors his Caribbean heritage by displaying the St. Kitts flag on his boots.
His mother, Marie, regularly supports him from the stands, while his father, Jermaine, played a crucial role in developing Palmer’s technical skills during countless training sessions at local parks in Manchester.
England Career
Palmer represented England at youth levels before making his senior debut in November 2023.
At UEFA Euro 2024, he made a major impact off the bench:
-
Scored a penalty in the shootout win over Switzerland
-
Assisted Ollie Watkins’ semi-final winner
-
Scored a dramatic late equaliser in the final
He was later named England Men’s Player of the Year (2023/24).
Transfer Rumours
Since joining Chelsea, Palmer has been linked with top European clubs, including Paris Saint-Germain F.C., Manchester United F.C., and even a potential return to Manchester City.
Reports also suggest admiration from Real Madrid CF manager Xabi Alonso.
However, most sources indicate Palmer is happy at Chelsea and is considered a key figure in their long-term project.
Major Honours
-
Premier League – 2022/23
-
FA Cup – 2022/23
-
UEFA Champions League – 2022/23
-
UEFA Conference League – 2024/25
-
FIFA Club World Cup – 2024/25
-
UEFA Under-21 European Championship – 2023
-
England Men’s Player of the Year – 2023/24
-
Premier League Young Player of the Season – 2023/24
-
Club World Cup Golden Ball – 2025
FAQ
How much does Cole Palmer earn per week?
He earns approximately £130,000 per week at Chelsea.
When did Cole Palmer join Chelsea?
Palmer signed for Chelsea in 2023 for a reported £40 million transfer fee.
What position does Cole Palmer play?
He primarily plays as an attacking midfielder or winger.
Has Cole Palmer won major trophies?
Yes. He has won the Premier League, FA Cup, Champions League, UEFA Conference League, and the UEFA Under-21 European Championship.
Did Cole Palmer play at Euro 2024?
Yes. He scored, assisted, and played a key role for England during the tournament.
Which brands sponsor Cole Palmer?
He has endorsement deals with Nike, EA Sports, and Burberry.