Michael Phelps, a 23-time Olympic gold medalist, has an estimated net worth of $80 million.
The eight-time winner of the Swimming World World Swimmer of the Year award awaits the American swimming great.
Phelps has also been named American Swimmer of the Year eleven times by Swimming World.
He also has thirty-nine world records, twenty-nine of which are individual records and ten of which are relay records.
Similarly, this legend has earned a total of sixty-six gold medals, twenty-three of which are from the Olympics.
The remaining medals are twenty-six gold medals from World Championships (LC), one gold medal from World Champion (SC), and sixteen gold medals from Pan Pacific Championship.
Besides, Michael Phelps is the greatest Olympic swimmer of all time. But, more importantly, Phelps made his Olympic debut at the age of 15 in 2000.
When it comes to Michael Phelps’ net worth, his endorsements account for the majority of his earnings. Because he is the best swimmer in the world, these sponsorship deals fund his extravagant lifestyle.
His excellent career, however, was marred by personal and legal troubles. Phelps eventually establishes his innocence and is cleared of all charges.
Early Years and Career of Michael Phelps
Michael Phelps was born in Baltimore on June 30, 1985, to Michael Phelps Sr. (father) and Deborah Phelps (mother). Phelps and his two sisters had an ordinary childhood when they were younger.
He also attended Rodgers Elementary School, where he became interested in swimming, while his sisters became well-known swimmers.
Phelps then decided to pursue swimming and began training at the age of seven.
Phelps broke the American record for 100 meters when he was ten years old, attracting the attention of a number of high-profile coaches.
There was no looking back for Phelps after that since he broke record after record.
As a result, Phelps soon rose to prominence as one of the most adored and recognized swimmers in the United States and the Olympics.
Phelps, however, decides to retire at the age of 31. During his career, he so becomes the youngest and oldest Olympic swimmer.
Michael Phelps’ Salary and Net Worth
In summary, Michael Phelps is worth an estimated $80 million. Phelps, on the other hand, gets $9,300,000 every year.
Micheal also made $12 million in 2012 from his many brand deals and endorsements.
Micheal’s swimming career pays him roughly $2 million per year. Phelps has also received numerous medals and reward money.
The Olympic committee determines the award money for each medal kind.
A gold medalist receives $25,000, a silver medalist $15,000, and a bronze medalist $10,000, according to the Olympic committee.
And Phelps has won twenty-three of them, bringing his total prize money to $5,75,000 dollars.
Phelps has also won three silver medals at $45,000 each and two bronze medals worth $20,000 each. As a result, Phelps has earned a total of $640,000 from his Olympic prize money to date.
Michael Phelps’s Net Worth in Different Currencies
Also, check out Michael Phelps’ net worth in various currencies.
Michael Phelps | Homes and Automobiles
Micheal Phelps’ house is anticipated to be nothing less than a palace for someone who earns millions. Meanwhile, this Olympic swimmer lives in a house in Arizona.
He also owned a Mediterranean-style property worth $4.125 million, which is 6088 square feet and lavishly outfitted with Carrera marble, shiplap walls, a pool, and a hot tub.
However, he was unable to profit from it since he was forced to sell it for $3.75 million. Phelps recently purchased a $2.5 million home with 6,000 square feet of living space.
It contains five bedrooms, a marble center island kitchen, and a fruit-tree-filled yard. This home is also close to Arizona State University.
Michael Phelps earns a million dollars a year, so it’s no surprise that his spending habits are out of control. Phelps enjoys collecting cars and owns a number of high-end automobiles and supercars.
In addition, he has customized all of his vehicles to suit his preferences and tastes. The following are some of Micheal Phelps’ automobiles.
- BMW 760 Li
- Range Rover
- Cadillac Escalade
Michael Phelps | Vacation and Lifestyle
Michael Phelps has an estimated net worth of $80 million and leads a luxury lifestyle. Millions of dollars are spent on fancy automobiles, mansions, charity, and vacations.
However, because he has various endorsements and partnerships, this star swimmer does not need to spend a lot of money.
Michael Phelps lives a lavish existence. He’s wearing a MICHEAL PHELPS Limited Edition Seamaster Planet Ocean 600M watch.
This watch was also created to celebrate Michael Phelps and his achievements.
Along with that, Phelps owns a $222,000 Tag Heuer Correrawortth watch and a Rolex watch worth $30,000.
Phelps has undoubtedly traveled to many countries throughout the world as he is required to go to different countries for games and competitions.
When Michael is not working or has free time, he enjoys spending time with his family and going on vacations.
Michael enjoys visiting exotic locations such as Greece, Italy, the Maldives, and Bali. These are areas with beautiful views, seas, and beaches.
It’s understandable that anyone, including Phelps, would want to spend time in calm, peaceful settings away from the crowds and bustle.
Phelps Maldive’s photos, on the other hand, went viral in 2019 and became the talk of the town.
Phelps is clearly enjoying his vacation based on the photos, which show him playing volleyball, spending quality time with his family, and sunbathing.
Michael Phelps is a generous person in addition to being a great athlete. He has done everything he can to assist those in need.
Donating money is not a big problem for Michael Phelps, who has an estimated net worth of $80 million. The Michael Phelps Foundation was founded by Michael Phelps.
This charity, on the other hand, is dedicated to increasing swimming and promoting a healthy and active lifestyle.
Furthermore, this program is designed specifically for tiny children to understand the benefits of healthy living and exercise from a young age.
Aside from that, Michael Phelps has publicly supported and raised donations for organizations such as BID 2 BEAT AIDS, the Boys and Girls Club of America, the Make-A-Wish Foundation, and others.
Michael gave $1 million of his award money to charity in 2008. This is, without a doubt, the most selfless and loving thing anyone could do.
Brand Endorsement and Investment | Michael Phelps
Michael Phelps makes more than 60% of his money from brand sponsorships and sponsorship deals rather than from his swimming career.
Phelps is one of the most well-known figures in the world, and any company would be happy to have him endorse their product. Because it would boost their brand, face, and market worth.
Subway, Wheaties, Louis Vitton, Speedo, Omega, Master Spas, Sol Republica, Sphere, and 800 razors.com are just a few of Micheal Phelps’ favorite companies.
“BRAND ENDORSEMENTS AND SPONSORSHIP OF POPULAR COMPANIES EARN MICHAEL PHELPS MORE THAN $75 MILLION.”
Phelps’ under armor sponsorship is worth $5 million every year, and Speedo once offered him $1 million when he smashed Mark Splitz’s Olympic world record.
Phelps, on the other hand, gave the entire reward money to charity.
Phelps has been investing in a few software-related projects since his retirement. He is taking his time to invest in potential ventures and earn well because he is new to this.
Books, Magazines, and Movies by Michael Phelps
Michael Phelps is a celebrity who is idolized by many. Many swimming enthusiasts and aspiring swimmers look up to him.
Above all, Michael has been the subject of numerous inspirational books, films, documentaries, and publications.
Michael Phelps has been the subject of two books. The novel “Beneath the Surface” was first published and launched in 2014.
This book was written by Brian Cazeneuve and co-authored by Michael Phelps.
Furthermore, this book is Michael Phelps’ autobiography, which includes topics such as his early life, battles, and hardships.
Second, in 2009, another book was published, which was likewise written by Michael Phelps and co-authored by Alan Abrahamson.
Michael Phelps’ biography is called “Train with a T. Rex and Win Eight Gold Medals.” It is written in simple language to emphasize the necessity of living a healthy lifestyle and practicing regularly.
Similarly, this book portrays Michael Phelps’ experiences while winning eight gold medals at the 2008 Olympics in China, as well as his feelings before and after the competition.
You might be interested in reading: 71 Amazing Michael Phelps Quotes to Motivate You>>
Without a doubt, Phelps is a swimming sensation who has received a lot of love, admiration, and affection from the public. As a result, he has been featured in a number of publications.
Man’s Health Magazine, Swimming World, Parents, Sports Illustrated, Splash, and other well-known magazines are among Michale Phelps’ publications.
In addition, Michael Phelps has his own documentary. To commemorate 100 days until the Tokyo Olympics, the documentary “Michael Phelps: Medals, Memories, and More” was produced.
Michael Phelps information
Michael consumes 10,000 calories on a daily basis. Phelps broke the record for the youngest Olympian when he was 15 years old.
He was, however, only nine months younger than the preceding swimmer at the time. Michael does not charge millions to promote every brand, which is surprising. He charges $15,000 for some brands.
Frequently Asked Questions:
Michael Phelps’ coach is who?
Michael Phelps’ trainer or coach is Bob Bowman.
How long does Michael Phelps take to fly 100 meters?
Michael Phelps has a 100 fly time of 49.50 seconds.
Is Michael Phelps disabled in any way?
Michael was diagnosed with ADHD when he was in sixth grade.
Michael Phelps has won how many Olympic gold medals?
Michael Phelps has won 23 Olympic gold medals.
Is Michael Phelps the world’s best swimmer?
Michael is, without a doubt, the best swimmer in the world.
Is Michael Phelps going to the Tokyo Olympics in 2020?
Swimming fans will be disappointed to learn that Michael Phelps will not be competing in the 2020 Tokyo Olympics.
He will, however, join Rowdy Gaines and Dan Hicks as an NBC analyst for various swimming events during the Olympics.
When Michael Phelps first competed in the Olympics, how old was he?
Michael Phelps competed in his first Olympics at the 2000 Summer Olympics in Sydney, Australia, when he was only 15 years old.
At the 2014 Bulldog Grand Slam, who won the 100-meter backstroke?
At the 2014 Bulldog Grand Slam, Michael Phelps won the 100-meter backstroke.
Michael Phelps consumes how many calories?
In a single day, Michael Phelps consumes 10,000 calories. Similarly, he burns 3,000-10,000 calories per day.
What is Michael Phelps’ 50 freestyle time?
Michael Phelps’ 50 freestyle time is 23.04.
In a single Olympics, who has won the most gold medals?
Michael Phelps holds the record for most gold medals won in one Olympics.
Michael Phelps currently holds how many world records?
Michael Phelps has four world records and four Olympic records on his credit.
Facts of Michael Fred Phelps II
|Full Name:||Michael Fred Phelps II|
|Birth Date:||June 30, 1985|
|Height:||6 feet 4 inches (1.93m)|
|Net Worth||$80 million|
|Body Size||Chest – 46 Waist- 3 Biceps- 16|
|Education||Rodgers Forge Elementary Dumbarton Middle School Towson High School|
|Father||Michael Fred Phelps|
|Mother||Deborah Sue “Debbie” Phelps|
|Kids||Boomer Robert Phelps Beckett Richard Phelps Maverick Nicolas Phelps|
|Michael Fred Phelps II Twitter|
|Youtube||Michael Fred Phelps II Youtube|
|View more / View less Facts of Michael Fred Phelps II|