Michael Phelps Net Worth

Michael Phelps is a former American swimmer who holds the record for most Olympic medals won with 28. In fact, if you were asked to identify a few professional swimmers, Phelps would almost certainly be the first name that sprang to mind.

He’s one of the world’s highest-paid athletes and unquestionably one of the highest-paid Olympians of all time. So, if you’re interested in learning more about Michael Phelps’s net worth, keep reading.

Michael Phelps Information

  • Full Name:                Michael Fred Phelps
  • Height:                     6’4”
  • DOB:                        June 30, 1985
  • Net Worth:              $80 Million
  • Age:                         35
  • Country of Origin:   United States of America
  • Source of Wealth:    Professional Swimmer

Michael Phelps Net Worth

Michael Phelps, in summary, has an astounding net worth of $80 million. Phelps, on the other hand, gets $9,300,000 every year. Michael also made $12 million in 2012 from his many brand partnerships and endorsements.

Michael’s swimming career pays him roughly $2 million each year. Aside from that, Phelps has earned a number of medals as well as prize money. There is prize money set by the Olympic committee for each category of the medal.

According to the Olympic Committee, a gold medalist receives $25,000, a silver medalist receives $15,000, and a bronze medalist receives $10,000. 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.

Other Achievements of Michael Phelps

  • Michael Phelps, a 23-time Olympic gold medalist, has a net worth of $80 million.
  • The swimming great from the United States is on the verge of earning the Swimming World World Swimmer of the Year award for the eighth time.
  • Phelps has also earned American Swimmer of the Year eleven times, according to Swimming World.
  • Apart from that, he owns 39 world records, twenty-nine of which are individual records and ten of which are relay records.
  • Similarly, this hero has won a total of 66 gold medals, with 23 of those coming from the Olympics.
  • The remaining medals include twenty-six gold medals from World Championships (LC), one gold medal from World Champion (SC), and sixteen gold medals from Pan Pacific Championship.

Michael Phelps Quick Facts

  • Michael consumes 10,000 calories on a daily basis. Phelps became the youngest Olympian to break the record when he was 15 years old.
  • He was, however, just nine months younger than the preceding swimmer at the time. Michael, surprisingly, does not charge millions of dollars to promote every company. He charges $15,000 for some brands.

Michael Phelps Background

Michael Phelps was born in Baltimore on June 30, 1985, to Michael Phelps Sr. and Deborah Phelps. Phelps and his two sisters enjoyed a typical life when they were younger. He also attended Rodgers Elementary School, where he developed an interest in swimming, while his sisters became well-known swimmers.

Phelps then decided that swimming was something he wanted to pursue 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 going back for Phelps after that since he broke record after record. As a result, Phelps soon rose to prominence as one of the most popular and recognized swimmers in the United States and the Olympics.

Conclusion

So this is all from us about Michael Phelps’s Net Worth. Michael Phelps has an estimated net worth of $80 million, making him one of the highest-paid sportsmen of all time. He is currently retired and is widely regarded as the greatest Olympian of all time.

FAQ’s

What is the name of Michael Phelps’ coach?

Michael Phelps’ trainer or coach is Bob Bowman.

How long does Michael Phelps take to run 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 while he was in sixth grade.

Michael Phelps has won how many Olympic gold medals?

Michael Phelps has a total of 23 Olympic gold medals.

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