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Michael Phelps Net Worth, Source of Income, Earnings, Professional and Personal Life

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Michael Phelps Net Worth

Phelps is considered the great swimmer of all time. At an early age, Phelps started swimming and impressed everyone with his talents. Just after his graduation, he set five new world records. He then followed his coach, Bob Bowman, and attended the course of sports management and marketing in the University of Michigan. Afterwards, he began breaking world records and setting his new milestones per year at World Championships and Pan Pacific Championships. 

Phelps undertook swimming training when he was seven years old. He is a retired American swimmer and won 28 medals in the Olympics, of which 23 are gold medals. Phelps sponsors popular brands including Visa, Speedo, Wheaties, Under Armour, etc. He also appears in global ads and commercials. To date, his net worth is $80 million. However, he has set a record for winning the most medals in Olympic athletes. He also has set 39 world records most of all time.

What Is Michael Phelps’s Net Worth?

Net Worth: $80 million
Source of Wealth: Professional swimmer
Profession: Swimmer, Athlete
Nationality: American
Born: 30th of June, 1985
Age: 35 years
Height: 6ft 3 inches
Full Name: Michael Phelps
Last Updated: 2021

Michael Phelps Biography & Wiki

Phelps was born on the 30th of June in 1985 in Baltimore, Maryland, to Michael Fred Phelps and Deborah Sue Phelps. His initial name was Michael Fred Phelps II. Then he was brought up in Rodgers Forge near Towson. He got his educational qualifications from Rodgers Forge Elementary, Dumbarton Middle School, and Towson High School. 

His father is a retired Maryland State Trooper, and his mother is a principal at the middle school. He had two siblings and was the youngest among them.  Phelps has a mixed descent of English, German, Irish, Welsh, and Scottish. His parents were divorced and got remarried in 2000.

Michael Phelps Personal Life 

June 13, 2016, Phelps dated the former Miss California USA, Nicole Johnson. Their marriage was a secret and not reported to the public for four months. Both the couples have three children, Boomer Robert Phelps (2016), Beckett Richard Phelps (2018), and Maverick Nicolas Phelps (2019).

Now, Phelps volunteers with the Arizona State Sun Devils as a coach. He is also the former coach of Bowman. In some of his interviews, Phelps disclosed that he has been suffering from ADHD and depression. He also said that after competing at the 2012 Olympics, he tried to attempt suicide. In 2017, he joined the group of Medibio that focused on the diagnosis of mental health disorders. 

Phelps set up the Michael Phelps Foundation that focused on promoting healthy lifestyles with $1 million of his Speedo signing bonus after the 2008 Olympics. He is also the co-founder of a nonprofit organization, Swims with the Stars, which supports camps for swimmers of all ages. 

Michael Phelps Professional Life 

In 2000, Phelps was only 15 years old while he made it through the U.S. Summer Olympics Olympics Team. In 2001, he set a world record of becoming the youngest male swimmer in history. In the 2001 World Championships, Phelps won his first international medal by breaking his record. In the post-two Olympic games, Phelps won eight gold in Beijing and six gold and two silver medals at Athens.

At the Beijing Olympics in the year 2008, he earned eight gold medals. In 2009, he broke the world record with an incredible speed of 5.5 miles per hour in the 100-meter butterfly. In 2012, he won two silver and four gold medals in the London Olympic Games. In 2016, he became the first American male swimmer to earn a spot on five Olympic teams after competing in the Rio games. In the same year, he won one silver and five gold medals. He retired on 12th August of 2016. Moreover, Phelps has the most attractive post-Olympics career in American History. 

Michael Phelps’s Public Image 

Phelps was one of the best athletes and swimmers in America. His name comes on the top of the best swimmers list. He has been successful in maintaining a record of the most award-winning and record-breaking athletes. He has been described as a solitary, focused, and independent athlete. He preferred participating in solitude versus in social group activities. He has built a strong reputation in the Olympics for not being a ‘joiner’. His former coach said that he is ‘unbelievably kind-hearted’ while interacting with children and fans, as they find inspiration in him. 

November 2004, Phelp was arrested for drunk driving in Salisbury, Maryland. He pleaded guilty,   was fined $250, and sentenced to probation. He was also instructed to speak about drunk driving to the high school students. In 2014, Phelps was arrested again for speeding and DUI. He was restrained from competitions for six months. Due to this, the U.S. failed to qualify for the World Aquatics Championships, 2015.  

FAQs About Michael Phelps:

  • Why did Michael Phelps retire?

Michael Phelps is a record-breaking champion swimmer from America who has won 28 medals in the Olympics including 23 gold medals. He also won eight medals at the 2004 Olympics in Athens and eight medals at the 2008 Olympics in Beijing. In 2012, he won six medals in the London Olympics. But after having issues with alcohol, he decided to take retirement. He won the Rio Championship just before his retirement. 

  • What is Michael Phelps’s fastest stroke?

The signature stroke of Michael Phelps is the Butterfly stroke. He used his butterfly strokes to take leads in his competitions. The butterfly is the first leg of the race and it is followed by the backstroke. He holds records in the 100-meter and 200-meter butterfly.

  • What are the records made by Michael Phelps?

Michael Phelps is a professional American swimmer who is well-known for breaking world records, and he has also broken his previously set records. He holds the record for the most Olympics’ medal-winning athlete. He won 28 medals in the Olympics, including 23 gold medals.

 

Michael Phelps’s Social Profile:

  • Michael Phelps’s Official Twitter:- Follow Him
  • Michael Phelps’s Official Facebook:- Follow Him
  • Michael Phelps’s Official Instagram: Follow Him

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Additional Reading:-

Pavitra Kumar is a passionate blogger since 2015 and an organic digital marketer, particularly in SEO & Content. He is the Founder-Editor of Today Thinking.. 

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