Michael Phelps is one of the wealthiest Olympians in America, and he has accumulated a considerable sum of net worth and popularity through his decades-long career in the Olympics.
According to Celebrity Net Worth, Michael Phelps is worth around $100 million, making him one of the richest swimmers in the world.
Invitado especial en las finales de natación, Michael Phelps. 🤩 pic.twitter.com/26BO6JbHAh
— ESPN Deportes (@ESPNDeportes) July 28, 2024
Further, he was listed in the top among the five richest swimmers in the world, whereas Mark Spitz, a retired Olympian, ranked second with a $20 million net worth, and Sarah Sjöström ranks number three with a $12 million net worth.
Michael Fred Phelps II OLY lives a luxurious life in his mansion in Paradise Valley, which he bought in 2018 for $6.175 million.
Even after retirement from the Olympics, Michael Phelps continued making millions of money from endorsements
Although Michael Fred Phelps II OLY officially retired from the Olympics in 2016, he made a name for himself in Olympic swimming by winning 28 medals, 23 of which were gold.
Due to his successes in the Olympics, he was named “Arguably the greatest Olympian ever.”
Further, in addition to the Olympic medal, he has won the World Swimmer of the Year Award eight times, the American Swimmer of the Year Award eleven times, and many others.
Nada me ha impresionado más en unos juegos que los oros de Michael Phelps. pic.twitter.com/vApMvG9WWn
— Sr.Liberal (@SrLiberal) July 26, 2024
As Michael Phelps has established himself as an outstanding personality in the sport, various billion-dollar companies have offered him the opportunity to advertise their business.
According to the report, Michael Phelps makes around US$10 million from endorsements. He has represented various companies, such as Visa, a payment services provider, sportswear brands Speedo and Under Armour, and fast food franchise Subway.
Further, the main source of his advertisement is his Instagram, where he has over 3.5M followers. Through his Instagram posts, he advertises various brands, from clothing, shoes, fitness, and home decor to various apps, and earns millions of dollars every month.
Additional Information
- Born on June 30, 1985, in Baltimore, MD, Michael Phelps’s parents’ father, Michael Fred Phelps, and his mother, Debbie Phelps, divorced when he was nine years old.
- Michael Phelps married American model Nicole Johnson in 2016 and shared four children: Boomer, 8; Beckett, 6; Maverick, 4; and Nico.
- He debuted in the Olympics in 2000 when he was just 15 years old and participated in five Olympic games until he retired in 2016. Michael Phelps made his breakthrough in 2014 at the Athens Olympics, winning six gold and two bronze medals.
- Michael Phelps attended Towson High School and graduated from the University of Michigan.
