Twenty-three times Olympics Gold Medalist Michael Phelps has a net worth of $80 million.
The American swimming legend is imminent for winning the Swimming World World Swimmer of the Year eight times.
Likewise, Phelps has won Swimming World American Swimmer of the Year eleven times.
Apart from that, he holds thirty-nine world records, out of which twenty-nine are individual records, and ten are relay records.
Similarly, this legend has won sixty-six gold medals in total, out of which twenty-three gold medals are from the Olympics.
Then, the remaining medals are twenty-six gold medals from World Championships (LC), one from World Champion (SC), and sixteen from Pan Pacific Championship.
Besides, Michael Phelps is the #1 swimmer in the history of the Olympics. But, equally important, Phelps made his Olympics debut in 2000 when he was 15 years old.
Talking about Michael Phelps’s net worth, most of his income is from his endorsements. Since he is the #1 swimmer, these endorsements deal are driving his lavish life.
However, his successful career had a dent caused by personal and legal issues. Eventually, Phelps proves himself innocent and gets rid of every charge.
|Michael Fred Phelps II
|June 30, 1985
|Baltimore, Maryland, United States
|37 Years Old
|Mixed (English, Scottish, Irish, German, and Welsh)
|Michael Fred Phelps
|Deborah Sue “Debbie” Phelps
|Rodgers Forge Elementary
Dumbarton Middle School
Towson High School
|The Baltimore Bullet, Flying Fish
|6 ft. 4 inches (1.93m)
|88 kg (194lb)
|Chest – 46
|Swimming World World Swimmer of the year (8 times)
Swimming World American Swimmer of the year (11 years)
23 Olympics Gold Medal
|39 (29 individual, ten relays)
|Butterfly, Individual Medley, Freestyle Backstroke
|North Baltimore Aquatic Club
|Boomer Robert Phelps
Beckett Richard Phelps
Maverick Nicolas Phelps
|2000 (Age 15)
|XCEED Swimming Goggles, Swim Caps
The Early Life and Career of Michael Phelps
The son of Michael Phelps Sr. (the father) and Deborah, Michael Phelps was born on June 30, 1985, in Baltimore (mother). Phelps and his two sisters had a typical upbringing as they were growing up.
Additionally, he attended Rodgers Elementary School and developed an interest in swimming while his sisters achieved some degree of swimming fame.
Then, Phelps decided that swimming had potential and began training at the age of seven.
Phelps was ten years old when he briefly held the 100-meter American record, which attracted the attention of several well-known coaches.
Since then, Phelps hasn’t looked back because he kept setting records after records.
Phelps soon rose to the status of one of the most beloved and renowned swimmers in the United States and the Olympics as a result.
However, Phelps decides to retire at the age of 31. As a result, during his career, he swims in the Olympics as both the youngest and oldest swimmer.
Michael Phelps’s Income and Assets
Michael Phelps has a huge net worth of $80 million, to put it briefly. Phelps makes a similar $9,300,000 yearly salary.
Additionally, Michael made $12 million in 2012 through his numerous brand endorsements and collaborations.
Michael’s swimming career brings in about $2 million a year. In addition, Phelps has received a number of medals and cash awards.
The Olympic committee also sets prize money for each type of medal.
A swimmer who wins a gold medal in the Olympics receives $25,000, a silver medal receives $15,000, and a bronze medal receives $10,000.
And Phelps has won twenty-three of them, for a total prize money of $5,75,000.
In addition, Phelps earned $45,000 from winning three silver medals and $20,000 from winning two bronze medals. Phelps has so earned $640,000 in total from his Olympic winnings to date.
Net Worth of Michael Phelps in Different Currencies
Also, have a look into Michael Phelps’s net worth in different currencies
Michael Phelps | Houses and Cars
For someone like Micheal Phelps, who earns millions, his house is expected to be nothing less than the mansion. Meanwhile, this Olympic swimmer is residing in an Arizona home.
Moreover, he had a Mediterranean-style home that he bought for $4.125 million, which is 6088 square feet, luxuriously furnished with Carrera marble, walls made of shiplap, pool, and hot tub.
But, he couldn’t profit from it, as he had to sell it for $3.75 million. Currently, Phelps has bought a $2.5 million home, which has a massive space of 6,000 square feet.
It has five bedrooms with a marble center island kitchen and a garden full of fruit trees. And this house is located near Arizona State University.
Michael Phelps earns in a million, and no wonder he has a wild expenditure pattern. Phelps loves collecting cars, and he has some luxurious cars and supercars.
In addition to this, he has modified all his cars as per his preference and taste. Following are some of the cars that Micheal Phelps owns.
- BMW 760 Li
- Range Rover
- Cadillac Escalade
Michael Phelps | Vacation and Lifestyle
There is no denying that Michael Phelps leads a luxurious life with an estimated net worth of $80 million. He gives millions of dollars to charity, buys expensive residences, and takes lavish holidays.
However, this well-known swimmer doesn’t need to spend a lot of cash because he is supported by several sponsors and endorsements.
Swimmer Michael Phelps leads a lavish lifestyle. He is shown sporting a Seamaster Planet Ocean 600M watch that is part of the “MICHEAL PHELPS Limited Edition.”
Additionally, Michael Phelps and his career were honored in the creation of this watch.
Along with that, Phelps has a Rolex that is worth $30,000 and a $222,000 Tag Heuer Correra watch.
Phelps has undoubtedly traveled to several nations since he must attend competitions and games in numerous locations.
However, Michael enjoys spending time with his family and taking vacations when he is not working or otherwise occupied.
Michael adores visiting far-off locales like Greece, Italy, the Maldives, Bali, etc. These are the areas with stunning scenery, lovely oceans, and beaches.
It makes sense that Phelps would enjoy spending time in settings that are quiet and silent and remote from crowds and commotion.
Phelps Maldive’s photos, however, went viral and became the talk of the town in 2019.
Phelps is seen playing volleyball, spending time with his family, and sunbathing in the photos, which clearly show that he is having a good time.
Michael Phelps is not only a talented athlete but also a lovely person. He has done his best to assist those in need.
Given that Michael Phelps is worth $80 million, making a small donation is not a big issue. The Michael Phelps Foundation was established by Michael Phelps.
But this foundation prioritizes developing swimming and encouraging a healthy, active lifestyle.
Additionally, this program was created specifically to teach young children the value of leading a healthy lifestyle and exercising from a young age.
In addition, Michael Phelps has publicly backed and raised money for numerous organizations, including BID 2 BEAT AIDS, the Boys & Girls Club of America, the Make-A-Wish Foundation, and many others.
Michael gave $1 million of his winnings to charity in 2008. This is undoubtedly the most nice and selfless act that anyone could do.
Brand investment and endorsement for Michael Phelps
Instead of a swimming career, Michael Phelps makes more than 60% of his total income from sponsorships and brand endorsements.
Being one of the most well-known people in the world, Phelps is undoubtedly someone any brand would want to use as an ambassador for their goods. Because it would raise their market, face, and brand values.
Some of the well-known companies that Michael Phelps has promoted include Subway, Wheaties, Louis Vuitton, Speedo, Omega, Master Spas, Sol Republica, Sphere, and 800 razors.com.
Michael Phelps makes more than $75 million through sponsorship deals with well-known brands.
Additionally, Phelps’ under armor sponsorship earns $5 million year, and Speedo once gave Phelps $1 million after he beat Mark Splitz’s Olympic world record.
Phelps, though, gave all of his reward money to charity.
Phelps has started investing in a few software-related startup projects after his retirement. He is taking his time to invest in worthwhile projects and make a good living, though, because he is new to this.
Michael Phelps | Literature, Periodicals, and Film
Many people appreciate Michael Phelps, who is a sensation. Many swimming enthusiasts and aspiring swimmers find inspiration in him.
Above all, Michael has been the subject of numerous inspirational books, films, documentaries, and publications.
There are two books out there about Michael Phelps. First, “Beneath the Surface” was published and made available to the public in 2014.
This book’s co-author, in addition to Brian Cazeneuve, was Michael Phelps.
Additionally, this book is Michael Phelps’ autobiography, which includes details about his early years, difficulties, and battles.
Second, another book was published in 2009; as a result, Michael Phelps and Alan Abrahamson also contributed to this book.
The autobiography of Michael Phelps may be found in the book “Train with a T. Rex and win eight gold medals.” It is created simply to help readers realize the significance of leading a healthy lifestyle and engaging in regular exercise.
The experiences Michael Phelps had while winning eight gold medals at the China Olympics, as well as his feelings both before and after the competition, are also described in this book.
Phelps is without a doubt a swimming sensation who has effectively won the audience’s adoration, respect, and admiration. As a result, he has also been highlighted in numerous periodicals.
Man’s Health Magazine, Swimming World, Parents, Sports Illustrated, Splash, and other well-known publications are just a few of the ones Michale Phelps has featured.
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Michael Phelps also has his own documentary. With 100 days left until the Tokyo Olympics, the documentary “Michael Phelps: Medals, Memories, and More” was released.
Information on Michael Phelps
Every day, Michael consumes 10000 calories of food. Phelps broke the record when he was just 15 years old, making him the youngest Olympian ever.
He was only nine months younger than the last swimmer at the time, though. Unexpectedly, Michael doesn’t demand millions of dollars to represent every company. His fee for some businesses is $15,000
Who is Michael Phelps’s trainer?
Bob Bowman is the trainer or coach of Michael Phelps.
What is Michael Phelps 100 fly time?
Michael Phelps 100 fly time is 49.50.
Does Michael Phelps have any disability?
When Michael was in sixth grade, he was diagnosed with ADHD.
How many Olympic gold medals has Michael Phelps won?
Michael Phelps has won 23 gold medals in Olympics.
Is Michael Phelps the best swimmer in the world?
Obviously, yes, Michael is considered the best swimmer in the world.
Is Michael Phelps competing in the 2020 Tokyo Olympics?
Sadly, swimming fans Michael Phelps is not competing in the 2020 Tokyo Olympics.
However, he will be serving as an NBC analyst on several swimming races during the Olympics Games alongside Rowdy Gaines and Dan Hicks.
How old was Michael Phelps in his first Olympics?
Michael Phelps was only 15 years only when he competed in his first Olympics at the 2000 Summer Olympics in Sydney, Australia.
Who won the 100-meter backstroke on the 2014 Bulldog Grand Slam?
Michael Phelps won the 100-meter backstroke on the 2014 Bulldog Grand Slam.
How many calories does Michael Phelps intake?
Michael Phelps intakes 10000 calories in a day. Likewise, he burns around 3,000-10,000 calories a day.
What is Michael Phelps’s time for 50 freestyle?
Michael Phelps’s time for 50 freestyle is 23.04.
Who has won the most gold medals in a single Olympics?
Michael Phelps has won the most gold medals in a single Olympics.
How many world records does Michael Phelps currently hold?
Michael Phelps currently holds four world records and four individual Olympic records.