The 66-year-old winner of three major championships is the sixth Australian to achieve World Golf Hall of Fame selection, joining compatriots Karrie Webb, Greg Norman, Kel Nagle, David Graham and the late Peter Thomson.
Stephenson was recognised in the Female Competitor Category and was one of five people selected in the Class of 2019 by the Florida-based World Golf Hall of Fame.
"I can't believe it, I can't wipe the smile from my face, I'm just in shock," Stephenson told Golf Channel's Morning Drive program.
"I was sure I wasn't going to get in."
South African Retief Goosen was recognised in the Male Competitor Category while former Augusta National chairman Billy Payne and all abilities golf advocate Dennis Walters joined under the Lifetime Achievement Category along with major winner and women’s golf advocate Peggy Kirk Bell.
Stephenson’s career was highlighted by major wins at the 1981 du Maurier, 1982 Women's PGA Championship and 1983 US Women’s Open.
The Sydney-born golfer was also the LPGA’s Rookie of the Year in 1974.
16 wins on the LPGA Tour from 1976 to 1987 formed the bulk of Stephenson’s career victories but her other triumphs confirm her status as a truly global player.
She won tournaments in France and Japan as well as a pair of titles in Australia including the 1977 Women’s Australian Open.
The World Golf Hall of Fame also paid tribute to Stephenson’s work as a founder of the Women’s Senior Golf Tour, golf course designer, honorary chair of the National Multiple Sclerosis Society and her receipt of the Order of Australia Medal earlier this year.
Stephenson and the other Class of 2019 members will officially be inducted into the World Golf Hall of Fame in June next year at Pebble Beach in California during the week of the men’s US Open.
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