Michael Phelps Net Worth

February 11, 2023
1 min read

Michael Fred Phelps II, simply known as Michael Phelps, is a famous American athlete/swimmer. Michael Phelps gathered most public attention in 2008, when he represented the United States in the Beijing Olympic Games. Phelps succeeded in winning eight Gold medals during the event, which made him one of the most successful athletes of all time. He also broke the record for “most first-place finishes during a single Olympic Games event”. Phelps repeated his success in 2012, when he participated in the Summer Olympics in London, and won numerous medals, including four Gold medals and two Silver ones. So far, Phelps has gathered 22 medals in total, 18 of which are Gold, two Silver and two Bronze. Needless to say that his achievements have put him at the top of the list of most accomplished individuals. Aside from winning medals, Michael Phelps holds numerous world records, including those for 100-meter butterfly and 400-meter individual medley events. Even though Phelps had stated that he would retire from swimming after the 2012 Olympic Games, he made his return to the sport in 2014, and immediately upon his return won a 100-meter butterfly event in North Carolina.

Michael Phelps Net Worth $55 Million

A well-known swimmer, how rich is Michael Phelps? According to sources, in 2012 he gathered $450,000 from coveting 18 Gold medals, earned $30,000 for his 2 Silver medals, and added a sum of $20,000 for 2 Bronze medals. In 2013, Phelps earned as much as $12 million from various endorsements from such companies as “Hilton”, “Louis Vutton”, “Visa” and others. In regards to his overall wealth, Michael Phelps’ net worth is estimated to be $55 million, most of which he has accumulated due to his career as a swimmer.

Michael Phelps was born in 1985, in Maryland, United States, where he studied at Towson High School. When he was seven years old, Phelps took up swimming classes, which helped him deal with ADHD (attention-deficit hyperactivity disorder), with which he was diagnosed as a child. As a result of his skillful performances, Phelps joined the North Baltimore Aquatic Club, where he was trained by the swimming coach Bob Bowman. In 2001, Phelps participated in the World Aquatics Championship, during which he became the youngest world record holder in breaking Ian Thorpe’s record for the 200-meter butterfly. A year later in 2002, Phelps joined the Pan Pacific Swimming Championship, where he once again broke the previous record, and managed to win three Gold , and two Silver medals. Phelps’ impressive performances resulted in his participation in the 2003 World Aquatics Championship, where he excelled as a talented swimmer by securing himself four Gold and three Silver medals.

Phelps attracted the attention of the international public during the 2004 Summer Olympics. That year, Phelps brought home six Gold and two Bronze medals. For his contributions to swimming, Phelps has been awarded with USOC Sportsman of the Year Award, Marca Leyenda, and FINA Swimmer of the Year award among many others.

A famous swimmer, Michael Phelps has an estimated net worth of $55 million.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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