Michael Phelps’ Net Worth (Updated 2022)
What is Michael Phelps’ Net Worth (Updated 2022) and salary?
Michael Phelps’ Net Worth (Updated 2022) is estimated to be $100 million dollars as a retired American Olympic swimmer and corporate endorser. Michael Phelps is the most decorated Olympic athlete in history and holds a total of 28 Olympic Medals (23 of them gold) He is considered by many to be the greatest swimmer of all time.
Biography of Michael Phelps
On June 30, 1985, Michael Phelps was born. Roger, Maryland’s Roger town. He started swimming at the age of seven. He idolized Tom Dolan from the 1996 Summer Games, according to him. From a very young age. He was diagnosed with hyperactivity and attention deficit disorder. But he overcame this handicap and went on to become a world-class athlete.
Did you know that he set the National Record in his age group when he was only 10 years old? He plans to set another National Record before the age of 15, as well as an Olympic Record. He was only 15 years old when he competed in the Summer Olympics in 2000.
Must Check | Michael Phelps’ Net Worth (Updated 2022)
|Real Name||Michael Fred Phelps II|
|Birth Place:||Baltimore, Maryland, United States|
|Date Of Birth/Birthday:||30 June 1985|
|Age/How Old:||36 years old|
|Height/How Tall:||In Centimetres – 193 cm
In Feet and Inches – 6′ 4″
|Weight:||In Kilograms – 88 kg
In Pounds – 194 lbs.
|Hair Colour:||Light brown|
|School:||Towson High School|
|Kids/Children Name:||Boomer Robert Phelps, Beckett Richard Phelps, and Maverick Nicolas Phelps|
|Net Worth:||$100 Million|
Michael Phelps’ Net Worth (Updated 2022)
Phelps has been described as independent, solitary, and focused. He had a reputation during each Olympics of not being a “joiner” and would often prefer solitude versus participating in social group activities. The 2016 Olympic Opening Ceremony, his last Olympics, was the first one he ever walked in.
On June 13, 2016, Michael married Nicole Johnson, the former Miss California USA. Their wedding was kept private, and the marriage was not made public for four months. They have three sons: Boomer Robert Phelps (b. 2016), Beckett Richard Phelps (b. 2018), and Maverick Nicolas Phelps (b. 2019). They reside in Paradise Valley, Arizona. Phelps now volunteers as an assistant coach for the Arizona State Sun Devils, along with his former coach Bowman.
Phelps has admitted that he suffers from depression and ADHD and that he considered suicide after competing in the Olympics in 2012. He has been outspoken about his issues and an advocate for people seeking help with their mental health when they need it. In 2017 he joined the board of Medibio, which focuses on the diagnosis of mental health disorders.
After the 2008 Olympics, Phelps set up the Michael Phelps Foundation using $1 million of his Speedo signing bonus. The foundation focuses on promoting healthier lifestyles. He co-founded Swim with the Stars, a nonprofit that holds camps for swimmers of all ages.
Michael Phelps Relationship & More
|Spouse||Nicole Johnson (m. 2016)|
|Children||Boomer Robert Phelps, Beckett Richard Phelps, and Maverick Nicolas Phelps|
|Father||Michael Fred Phelps|
|Siblings||Whitney and Hilary Phelps|
Michael Phelps qualified for the United States Olympic team in the Summer Olympics of 2000 when he was only 15 years old. Phelps was the team’s youngest qualifier in 68 years.
During the World Aquatics Championship Trials in 2001, Phelps broke the world record for the 200-meter butterfly. That day, he made history by becoming the youngest male to ever set a world record in swimming.
Phelps won four gold medals, two silver medals, and set five world records at the World Aquatics Championships in 2003. Phelps also holds the all-time records for Olympic gold medals, individual gold medals, and individual medals.
Phelps broke fellow American swimmer Mark Spitz’s 1972 record of seven gold medals at the 2008 Beijing Olympics. Phelps broke fellow American swimmer Mark Spitz’s 1972 record of seven first-place finishes in a single Olympic Games when he won eight gold medals at the 2008 Beijing Games.
Phelps won four gold and two silver medals at the 2012 Summer Olympics in London, and five gold and one silver medal at the 2016 Summer Olympics in Rio de Janeiro. Michael Phelps has an estimated net worth of $100 million as of June 2022.
Here are some of the best highlights of Michael Phelps’ career:
- James E. Sullivan Award (2003)
- Best US Male Olympian ESPY Award (2005, 2009, 2013)
- Associated Press – Male Athlete of the Year (2008)
- Sports Illustrated Sportsperson of the Year (2008)
- Best Male Athlete ESPY Award (2009)
- Best Moment ESPY Award (2009)
- Best Record-Breaking Performance ESPY Award (2009. 2013)
- BBC Sports Personality of the Year Lifetime Achievement Award (2016)
- Laureus World Sports Award for Comeback of the Year (2017)
Michael Phelps Social Media Accounts
|More than 3.4M Followers||Click here|
|More than 7.9M Followers||Click here|
|More than 1.9M Followers||Click here|
|You tube||More than 10.7K Subscribers||Click here|
Over the decades he has been in the spotlight, Michael has consistently maintained an extremely healthy endorsement portfolio. Even after retiring, he continues to enjoy lucrative contracts with companies such as:
- Under Armour
In addition to being one of the main pitch people, Michael is also an equity investor in the mental health startup Talkspace. At various times Talkspace has been valued at $1 to $3 billion
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Phelps was arrested in November 2004 for driving under the influence of alcohol in Salisbury, Maryland. He pleaded guilty and was fined $250, sentenced to probation, and ordered to speak to high school students about drunk driving. In 2009, he lost a sponsorship deal with Kellog due to a photograph that circled of him using a bong. He was arrested again in 2014 for DUI and speeding. Michael was suspended from all competitions for six months, and as a result of him being off the team, the U.S. failed to qualify for the finals at the 2015 World Aquatics Championships that year.
Summary | Michael Phelps’ Net Worth (Updated 2022)
Michael Phelps is one of the highest-paid athletes of all time, with a total net worth of $100 million. He is now retired and has gone down in history as the most successful Olympian of all time. If he doesn’t spend all that money on his legal defense, then he is going to be very rich very soon.
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