How the Olympic Swimmer Michael Phelps Made His $100 Millions Net Worth

Michael Phelps Net Worth: With a total of 28 medals, retired American swimmer Michael Phelps is the most decorated Olympian in history. In fact, Phelps would likely be the first name that anyone would mention if asked to identify several professional swimmers. He is one of the world’s top-paid athletes, and unquestionably one of the most-paid Olympians ever.

Table of Contents

Early Life

In Baltimore, Maryland, on June 30, 1985, Michael Phelps was born. He went to Towson High School, Dumbarton Middle School, and Rodgers Forge Elementary School. He has two elder siblings, two brothers and sisters. His father Michael is a former Maryland State Trooper, and his mother Deborah is a middle school administrator.

Phelps originally started participating in swimming when he was 7 years old. This was mostly because of his sisters’ influence and to provide him a way to release his energy. Phelps was identified as having ADHD while he was in the sixth grade. He started training at the North Baltimore Aquatic Club with coach Bob Bowman when he was just 10 years old and already held the national record for his age group in the 100-meter butterfly.

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Career

Michael Phelps, being just 15 years old, earned a spot on the American Olympic squad for the Summer Olympics of 2000. In 68 years, Phelps qualified as the team’s youngest member.

Phelps broke the 200-meter butterfly world record in 2001 at the World Aquatics Championship Trials. He achieved a swimming world record that day, becoming the youngest man ever.

Phelps won four gold medals, and two silver medals, and set five world records in the 2003 World Aquatics Championships. Phelps also owns the records for the most Olympic gold medals, individual Olympic gold medals, and individual Olympic medals.

Phelps beat fellow American swimmer Mark Spitz’s 1972 record of seven first-place finishes at any one Olympic Games by earning eight gold medals at the 2008 Beijing Games. Phelps won four gold and two silver medals in the London Summer Olympics in 2012, and five gold and one silver at the Rio de Janeiro Summer Olympics in 2016.

Personal Life

Phelps has been characterized as self-sufficient, isolated, and concentrated. He had a reputation for not being a “joiner” throughout each Olympics and frequently preferred solitude than taking part in social group events.

His first Olympic Opening Ceremony came in 2016, which also happened to be his final Olympics. When engaging with supporters and young children who look up to him for inspiration, his former coach has called him “unbelievably kind-hearted.”

On June 13, 2016, Michael wed Nicole Johnson, a former Miss California USA. They had a private wedding, and it took four months before the union became public knowledge. Boomer Robert Phelps (born in 2016), Beckett Richard Phelps (born in 2018), and Maverick Nicolas Phelps are their three boys (b. 2019). They call Paradise Valley, Arizona, home. Along with his previous mentor Bowman, Phelps currently serves as a volunteer assistant coach with the Arizona State Sun Devils.

Phelps has said that he suffers from depression and ADHD and that, after participating in the 2012 Olympics, he had thought about committing suicide. He has been vocal about his problems and is a supporter of individuals getting the mental health care they require when they need it. He joined the board of Medibio, a company that specializes in the identification of mental health conditions, in 2017.

Phelps used $1 million of his Speedo signing bonus to establish the Michael Phelps Foundation following the 2008 Olympic Games. The foundation’s main objective is to encourage healthy living. He helped create the charity organization Swim with the Stars, which hosts camps for swimmers of all ages.

Michael Phelps Net Worth

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Michael Phelps Net Worth

American Olympic swimmer and former corporate ambassador Michael Phelps have a $100 million dollar fortune. With a total of 28 Olympic medals, Michael Phelps is the most decorated Olympian in history (23 of them gold) Many people think of him as the best swimmer of all time.

Michael Phelps Facts

  • Phelps was given an attention deficit hyperactivity disorder diagnosis while he was in the sixth grade (ADHD).
  • He achieved the age group national record in the 100-meter fly at the age of 10.
  • He started working out at the North Baltimore Aquatic Club with coach Bob Bowman after breaking the national record.
  • He qualified for the 2000 Summer Olympics at the age of 15, making him the youngest American male swimmer to compete in the Olympics in over 70 years.
  • Phelps won four gold medals, and two silver medals, and set five world records in the 2003 World Aquatics Championships.
  • Phelps took home a total of six medals from the 2005 World Aquatics Championships, including five golds and one silver.
  • He also possesses size 14 feet that are “almost flippers” in terms of how flexible the ankles are.
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