Michael Phelps is a retired Olympic swimmer. He is the most embellished Olympic athlete in history and holds a total of 28 Olympic Medals. He was regarded by many to be the greatest swimmer of all time.
This article is about the net worth of Michael Phelps and some other facts like his personal life, career, and so on. So let’s begin.
Other Details Of Michael Phelps
|Net Worth||$80 million|
|Born on||June 30, 1985|
|Nationality||United State Of America|
Childhood Of Michael Phelps
On June 30, 1985, Michael Phelps was born in Baltimore, Maryland, whose full name was Michael Fred Phelps II.
He has three siblings, and he is the youngest one. His father was a middle school principal.
Michael’s parents divorced when he was nine years old, and his father remarried. He attended Towson High School and graduated in 2003.
Career Of Michael Phelps
When Michael was seven years old, he began swimming with the guidance of a coach.
He recognized his talent in swimming, and he tried out for and made- the U.S summer Olympic Team in 2000.
Michael was the youngest person to qualify for the team in 68 years. Michael didn’t win a medal in the Sydney games, but he made it to the finals and finished fifth in the 200-meter butterfly.
In 2001, in the world Aquatics Championship Trails, Michael broke the world records for the 200-meter butterfly and became the youngest swimmer in the history ever to set a record.
In the same year, he broke his own record and won his first international medal at World Championships.
After completing graduation, Michael set another five records. Then, he enrolled in the University of Michigan in Ann Arbor and studied sports management and marketing, following his coach.
Now, he was known as a record-breaker and continued to crush world records each year at Pan Pacific Championships and World Championships.
In the next two Olympic Games, Michael won 17 medals, including six gold, two silver at Athens, and eight gold in Beijing in 2008.
Michael Phelps broke fellow American swimmer Mark Spitz’s record to win seven Olympic gold medals in 1972.
Then he broke this record when he won a remarkable 8 Gold medals in 2008 with a speed of 5.5 miles per hour.
In 2012 at the London Olympic Games, Michael again won four gold medals and two silver medals.
Personal Life Of Michael Phelps
In 2006, Michael Phelps married Nicole Johnson, Former Miss California USA. Their wedding was secretly held. Although, They didn’t reveal that they were married in public until four months.
Michael and Nicole had three sons: Bommer in 2016, Beckett in 2018, and Maverick Nicolas in 2019. They have lived in Paradise Valley, Arizona.
Michael volunteered as an assistant coach at Arizona State Sun Devils and Bowman.
Michael revealed that he was suffering from depression and ADHD. Once, he even contemplated suicide after competing at the 2012 Olympics.
He shared his issues and was an advocate for people seeking help with their mental health when they needed it.
Then in 2017, he joined the board of Medibio, which focused on the diagnosis of mental health disorders.
In 2008, he founded Michael Phelps foundation using $1 million of his speedo signing bonus.
The foundation focuses on promoting a healthier lifestyle. He also co-founded swim with the stars, a non-profit that holds camps for swimmers of all ages.
Awards Won By Michael Phelps
Michael Phelps has won the following awards
- Best moment ESPY Award
- James E. Sullivan Award
- Best Male Athlete ESPY Award
- Laureus World Sports Award For Comeback of the year.
- Sports Illustrated Sportsperson of The Year.
Net Worth Of Michael Phelps
Michael Phelps has a net worth of $80million in 2022. He is one of the wealthiest athletes of all time.
Michael holds thirty-nine records, out of which twenty-three gold medals are individual records.
Michael earned $12 million from his various endorsement and brand deals in 2012. Moreover, he earns $2 million a year from his swimming career.
Michael bought a Mediterranean- style home for $4.125 million, which was is 6088 square feet. Currently, he has bought a $2.5 million home at Arizona State University.
Michael Phelps has a luxurious cars collection which includes BWM 760 Li, Ferrari, Range Rover, BMW, Cadillac Escalade.
Michael is known as a record-breaker. He has 28 Olympics medals and 39 world records. However, at the of 31, he decided to retire.
Hence, Michael became the youngest and oldest Olympic swimmer during his career. As of 2022, Michael has a net worth of $80million.
What did Michael Phelps study?
Michael Phelps studied sports marketing and management.
Who is the coach of Michael Phelps?
At what age did Michael Phelps compete in his first Olympics?
At the age of 15, Michael competed for his first Olympics.