Michael Phelps Net Worth

Net Worth: $55 Million

Statistics
  • Source of Wealth Sport, Endorsements
  • Birth Place Baltimore, Maryland, United States
  • Height 6' 4" (1.93 m)
  • Marital Status N/A
  • Full Name Michael Fred Phelps
  • Nationality American
  • Date of Birth June 30, 1985
  • Ethnicity English, Irish, German, Scottish, Welsh
  • Weight 185 lbs (84 kg)
  • Occupation Professional Swimmer
  • Education University of Michigan, Towson High School
  • Children N/A
More StatsView More

About Michael Phelps

Michael Phelps is a former American Olympic swimmer which has an estimated net worth of $55 million.

Michael Phelps started his aspiration to be a swimmer when he was seven years old. He was trained at North Baltimore Aquatic Club under his coach, Bob Bowman. At the age of 15, he qualified to join the U.S. Olympic Swimming team during the 2000 Summer Olympics in Sydney, Australia.

During his career as a swimmer, he got 18 Olympic medals, and 39 world records in which he achieved in competing at the Olympics and international swim meets.

He was recognized by several organizations such as FINA’s swimmer of the year in 2010-2012 and Sports Illustrated Sportsman of the Year in 2008.

Michael Fred Phelps II was born on June 30, 1985 in Towson, Maryland. Aside from being a swimmer, he focused helping other people on his own foundation, Michael Phelps Foundation.

Earnings & Financial Data

The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Michael Phelps's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.

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Choose Year
  • Earnings 2013
  • Earnings 2012
  • Earnings 2009
  • Earnings 2008
  • Earnings 2007
Earnings 2013 N/A
Sponsorship 2013

Maximum annual earnings estimated from endorsements alone which include Louis Vuitton, Visa, Under Armour, Procter & Gamble, Omega, Hilton, Subway, and HP

$12,000,000
Earnings 2012 N/A
Asset Mar. 2012

The value of Phelp's house which he put in the market for sale for $1.5 million

$1,500,000
Salary 2012

Amount earned from coveting 2 bronze Olympic medals; The United States Olympic Committee pays medal bonuses of $25,000 for gold, $15,000 for silver and $10,000 for bronze

$20,000
Salary 2012

Amount earned from coveting 2 silver Olympic medals; The United States Olympic Committee pays medal bonuses of $25,000 for gold, $15,000 for silver and $10,000 for bronze

$30,000
Salary 2012

Amount earned from coveting 18 gold Olympic medals; The United States Olympic Committee pays medal bonuses of $25,000 for gold, $15,000 for silver and $10,000 for bronze

$450,000
Earnings 2009 N/A
Sponsorship 2009

Estimated maximum earnings from endorsements alone after the 2008 Olympics

$7,000,000
Earnings 2008 N/A
Sponsorship 2008

Amount earned from appearing in a party where he swam for several laps

$100,000
Sponsorship 2008

Endorsement earnings from brands like AT&T, Powerbar Omega and Speedo

$5,000,000
Bonus 2008

Speedo Bonus received at the 2008 Olympics

$1,000,000
Earnings 2007 N/A
Asset 2007

The value of Phelps' Baltimore condo

$1,690,000
Show all earnings