Michael Phelps

Who is Michael Phelps?

Michael Phelps, a 23-time Olympic gold medalist, has an estimated net worth of $80 million.  Michael Phelps swimming hero is on the verge of becoming the eighth Swimming World World Swimmer of the Year.

Similarly, Phelps has been named Swimming World’s American Swimmer of the Year eleven times.

Aside from that, he has thirty-nine world records, twenty-nine of which are solo records and ten of which are relay records.

Similarly, this legend boasts a total of sixty-six gold medals, twenty-three of which are from the Olympics.

The remaining medals are twenty-six gold World Championships (LC) medals, one World Champion (SC) medal, and sixteen Pan Pacific Championship medals.

Furthermore, Michael Phelps is the most successful Olympic swimmer in history. But, more importantly, Phelps made his Olympic debut at the age of 15 in 2000.

When it comes to his net worth, the majority of his earnings come from endorsements.

Because he is the best swimmer in the world, these sponsorship deals fund his extravagant lifestyle.

His great career, however, was hampered by personal and legal troubles.

Phelps eventually establishes his innocence and is cleared of all charges.

Phelps, Michael | Childhood, and Career

Michael Phelps was born in Baltimore on June 30, 1985, to his Sr. (father) and Deborah Phelps (mother).

Phelps and his two sisters had a typical childhood growing up.

Further, he attended Rodgers Elementary School and became interested in swimming, while his sisters achieved some popularity through swimming.

Next, Phelps recognized the potential for swimming and began training at the age of seven.

When Phelps was ten years old, he bitterly held the US record for 100 meters and drew the attention of several high-profile coaches.

There was no looking back for Phelps after that since he broke record after record.

As a result, Phelps immediately became one of the most adored and celebrated swimmers in the United States and the Olympics.

Phelps, however, decides to retire at the age of 31.

As a result, he is both the youngest and oldest Olympic swimmer in his career.

More facts about Michael Phelps

Michael Phelps Net Worth and Salary

Michael Phelps has an estimated net worth of $80 million.

Similarly, Phelps earns $9,300,000 each year.

Furthermore, Micheal made $12 million in 2012 from his many business deals and endorsements.

Micheal’s swimming career makes him roughly $2 million each year.

Aside from that, Phelps has received numerous medals and reward money.

The Olympic Committee also establishes prize money for each type of 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, for a total of $5,75,000 in prize money.

In addition, Phelps holds three silver medals for $45,000 and two bronze medals worth $20,000.

As a result, Phelps has earned a total of $640,000 in Olympic prize money to date.

Michael Phelps’s Net Worth in Different Currencies

Also, consider Michael Phelps’ net worth in several currencies.

• Euro 67,434,800€ Pound Sterling 57,537,200£ Currency Net Worth
• 108,855,360 Australian dollars
• 99,793,600 Canadian dollars
• 5,948,432,000 Indian Rupees
• BitCoin 2,047฿

Michael Phelps | Homes and Automobiles

For someone like Michael Phelps, who earns millions, his home should be nothing less than opulent.

Meanwhile, an Olympic swimmer is living in a house in Arizona.

Furthermore, he owned a Mediterranean-style property worth $4.125 million, measuring 6088 square feet and lavishly outfitted with Carrera marble, shiplap walls, a pool, and a hot tub.

He couldn’t profit from it, however, because he had to sell it for $3.75 million.

Phelps has recently purchased a $2.5 million home with a large 6,000-square-foot room.

It contains five bedrooms, a marble center island kitchen, and a fruit tree yard.

This house is also close to Arizona State University.

Cars

Michael Phelps earns a million dollars, so it’s no surprise that he has reckless spending behavior.

Phelps enjoys vehicle collecting and owns several luxury and supercars.

In addition, he has changed all of his cars to suit his preferences and tastes.

The vehicles owned by him are listed below.

• Ferrari Range Rover BMW 760 Li
• Cadillac Escalade BMW

Michael Phelps | Vacation and Lifestyle

With an estimated net worth of $80 million, Michael Phelps leads a luxury lifestyle.

He lavishes money on luxury automobiles, residences, charities, and vacations.

However, due to several endorsements and partnerships, this star swimmer does not have to spend a lot of money.

He lives a lavish existence.

He is wearing a Seamaster Planet Ocean 600M watch with the inscription “MICHEAL PHELPS Limited Edition.”

This watch was also created to honor his accomplishments.

Along with it, Phelps owns a Tag Heuer Correrawortth worth $222,000 and a Rolex worth $30,000.

Vacations

Phelps has undoubtedly visited many locations around the world, as he is required to travel to other countries for games and competitions.

When Michael is not working or free, he enjoys spending time with his family and going on vacation.

Michael enjoys visiting exotic locations such as Greece, Italy, the Maldives, and Bali.

These are the locations with beautiful scenery, seas, and beaches.

No wonder anyone, including Phelps, would want to spend time in tranquil, quiet settings away from crowds and commotion.

However, Phelps Maldive’s photos went viral in 2019 and became the talk of the town.

Phelps appears to be having a good time in the photos, as he is seen playing volleyball, spending time with his family, and sunbathing.

Charity

Michael Phelps is a generous person in addition to being a good athlete.

He has done everything he can to assist those in need.

Donating money isn’t a big problem for Michael Phelps, who has an estimated net worth of $80 million.

Michael Phelps established the Michael Phelps Foundation.

This foundation, on the other hand, concentrates on increasing swimming and supporting a healthy and active lifestyle.

Furthermore, this program is designed specifically for tiny children to learn the value of healthy living and exercise at a young age.

Aside from that, Michael Phelps has actively supported and raised cash for organizations such as BID 2 BEAT AIDS, the Boys and Girls Club of America, the Make-A-Wish Foundation, and many more.

Michael donated $1 million of his award money to charity in 2008.

Indeed, this is the most selfless and nice thing someone could do.

Michael Phelps | Endorsement and Investment in His Brand

Rather than a swimming career, Michael Phelps earns more than 60% of his money through brand endorsements and sponsorship partnerships.

Phelps is one of the most well-known athletes in the world, and any company would be wise to have him promote their product.

Because it would boost their brand’s, face, and market value.

Some of the major brands promoted by Michael Phelps include Subway, Wheaties, Louis Vitton, Speedo, Omega, Master Spas, Sol Republica, Sphere, and 800 razors.com.

“MICHAEL PHELPS EARNS MORE THAN $75 MILLION FROM BRAND ENDORSEMENTS AND COMPANY SPONSORSHIP.”

Furthermore, Phelps’ under armor sponsorship is worth $5 million each year, and Speedo once gave Phelps $1 million after he beat Mark Splitz’s Olympic world record.

Phelps, on the other hand, donated the entire reward money to charity.

Investments

Phelps has been investing in a few software-related startup projects since his retirement.

However, because he is new to this, he is taking his time in order to invest in potential companies and earn a good living.

Books, Magazines, and Movies on Michael Phelps

Michael Phelps is a celebrity that is adored by many people.

Many swimming fans and aspiring swimmers look up to him as an inspiration.

Above all, a number of inspirational books, films, documentaries, and periodicals have been written and released about Michael.

Book

Michael Phelps has been the subject of two books. First, “Beneath the Surface” was published and distributed in the market in 2014.

This book was written by Brian Cazeneuve and co-written by Michael Phelps.

Furthermore, this book is Michael Phelps’ autobiography, which includes topics like as early life, problems, and hardships.

Second, another book was published in 2009, and this book was also written by Michael Phelps, together with Alan Abrahamson.

The book “Train with a T. Rex and Win Eight Gold Medals” is also Michael Phelps’ biography.

It is presented in simple terms to emphasize the necessity of living a healthy lifestyle and practicing regularly.

Similarly, this book describes Michael Phelps’ experiences while winning eight gold medals in the China Olympics, as well as the feelings he felt before and after the match.

Magazines

Without a doubt, Phelps is a swimming sensation who has effectively acquired a great deal of love, adoration, and affection from the public. As a result, he has been featured in a number of periodicals.

Man’s Health Magazine, Swimming World, Parents, Sports Illustrated, Splash, and other well-known magazines have highlighted Michael Phelps.

Documentary

Michael Phelps also has his own documentary.

To commemorate the 100th day of the Tokyo Olympics, the documentary “Michael Phelps: Medals, Memories, and More” was produced.

Also, read  James Laurinaitis,                     Brandon Saad,                    Kristina Pink

Michael Phelps Statistics

Every day, Michael consumes 10,000 calories of food.

Phelps became the youngest Olympian to break the record when he was 15 years old.

However, he was just nine months younger than the preceding swimmer at the time.

Surprisingly, Michael does not charge millions of dollars to promote every single item. He charges $15,000 for some brands.