Michael Phelps net worth: American competition swimmer and the most decorated Olympian of all time, Michael Phelps has a net worth of $55 million.
Michael Phelps is a very popular American athlete who is widely known for his incredible swimming skills. This professional swimmer is also the most decorated Olympian who has managed to garner a total of 22 medals till today. Michael Phelps is regarded as the top swimmer in the world who also holds record for being the first athlete to win eight gold medals in a single Olympics at the Beijing Games.
Born on June 30, 1985 in Towson, Maryland, Michael was introduced to swimming at a very early age of seven as an outlet for his energy as he was diagnosed with ADHD (Attention-Deficit Hyperactivity Disorder). Later, Michael started taking swimming seriously and landed into 2000 Summer Olympics game at the age of fifteen and finished at the fifth position in 200-meter butterfly. Phelps began his string of record breaking at the age of 15 years and 10 months as he swam in 2001 World Aquatics Championships in 200-meter butterfly.
As his competence began to grow and he became an internationally renowned athlete, Michael’s net worth started growing largely as well. Michael obviously wins a lot of money-prize for his game wins but on top of that, most of his wealth is also accumulated from his record-breakings. He takes millions of money from his corporate endorsements which include of the companies like “Nike”, “AT&T” and “Speedo” among others. He has bagged more than $5 million from these ventures which has added extensively into Phelps’ net worth at the present.
Apart from his record breaking swimming career, Michael also busies himself philanthropically. Being the founder of “Michael Phelps Foundations”, he supports the youngsters who find interest in swimming. He also organizes many charity events, most notable being “Caps-for-a-Cause”, where “Michael Phelps Foundations” auctions caps that have Phelps’ autograph. He adds more money into his bank account as the owner of “Meadowbrook Swim Club” and “NorthWest Ice Rink”.
Talking about his personal life, Michael Phelps is in a long-term relationship with Nichole Johnson who he has been dating since 2011. As of now, this super-swimmer has a net worth of $55 million which bought him a $1.62 million condo- house in Baltimore where he currently resides.
Quick Facts about Michael Phelps
Full Name: Michael Fred Phelps
Profession: Professional swimmer
Height: 6ft 4 in
Weight: 84 kg
Ethnicity: English, German, Irish, Scottish
Date of Birth: June 30, 1985
Place of Birth: Towson, Maryland, USA
Education: University of Michigan
Marital status: In a relationship with Nichole Johnson
Astrological sign: Cancer