Michael Phelps was born on June 30, 1985, in Baltimore, Maryland. The swimming legend’s journey began at the age of seven. He has amassed an impressive collection of 28 Olympic gold medals, comprising 23 gold, three silver, and two bronze. With a total of 33 World Championship medals and 29 individual records, he holds the title of the most decorated swimmer, achieved between 2001 and 2009. Phelps made his Olympic debut at the 2000 Sydney Games, followed by his participation in the 2001 World Aquatics Championships where, at the age of 15 years and nine months, he became the youngest male to set a world record in the 200m butterfly event. Celebrity Net Worth reports that Michael Phelps has a net worth of $100 million, with a significant amount of his income coming from his successful swimming career.
Michael Phelps Net Worth
Michael Phelps, the most decorated Olympian in history with 28 medals, including 23 golds, has transitioned from swimming to entrepreneurship. His empire, valued at $100 million (over Rs 800 crore), continues to thrive through strategic endorsements post-retirement.
Michael Phelps Net Worth and Salary
Michael Phelps, a retired American Olympic swimmer and corporate endorser, has a net worth of $100 million. Regarded as one of the greatest swimmers and most successful Olympians, he earned a total of 28 medals, with 23 being gold, over five Olympic Games from 2000 to 2016. Beginning his swimming journey at seven years old, Phelps made his Olympic debut at 15 in 2000. His breakthrough occurred at the 2004 Athens Olympics, where he achieved remarkable success. In 2008 in Beijing, he set a new record with eight gold medals in a single Games, surpassing Mark Spitz’s previous record. Phelps continued to excel in the 2012 London Olympics, securing additional medals. Although initially retiring after the 2012 Games, he made a comeback in 2014. Phelps concluded his Olympic career at the 2016 Rio Olympics, winning more gold medals. Throughout his career, he established an impressive 39 world records in various events.
Michael Phelps’ source of income
Michael Phelps accumulated a substantial fortune through his outstanding achievements during his illustrious career. The highly accomplished Olympian was awarded $25,000 for gold medals, $15,000 for silver medals, and $10,000 for bronze medals, resulting in a total prize amount of $640,000. Additionally, he garners around $10 million per year from endorsements and co-owns a swimwear brand with his longtime coach, Bob Bowman.
Michael Phelps
Michael Fred Phelps II OLY is an American former competitive swimmer. He is the most successful and most decorated Olympian of all time with a total of 28 medals. Phelps also holds the all-time records for Olympic gold medals, Olympic gold medals in individual events, and Olympic medals in individual events.
Born: 30 June 1985 (age 39 years), Baltimore, Maryland, United States
Medals: Swimming at the 2008 Summer Olympics – Men’s 4 × 100 metre freestyle relay, MORE
Spouse: Nicole Johnson (m. 2016)
Height: 1.93 m
Career end: 2016
Wingspan: 2.01 m
Parents: Michael Fred Phelps, Deborah Phelps
Also Read
Michael Phelps Biography
Nic Fink Biography
Pan Zhanle Biography
Michael Phelps Biography Information
|
Real Name
|
Michael Phelps
|
|
Height
|
6 feet 4 inches
|
|
Weight
|
88 kgs
|
|
DOB (Age)
|
June 30, 1985, 38 years old
|
|
Country
|
United States
|
|
Sport
|
Swimming
|
|
Event(s)
|
Backstroke, Butterfly, Freestyle, Individual Medley
|
|
Medal(s)
|
2004 Athens Olympics: Gold – 100m butterfly, 200m butterfly, 200m medley, 400m medley, 4×200m freestyle, 4×100m medley; Bronze – 200m freestyle, 4×100m freestyle2008 Beijing Olympics: Gold – 200m freestyle, 100m butterfly, 200m butterfly, 200m medley, 400m medley, 4×100m freestyle, 4×200m freestyle, 4×100m medley2012 London Olympics: Gold – 100m butterfly, 200m medley, 4×200m freestyle, 4×100m medley; Silver – 200m butterfly, 4×100m freestyle2016 Rio Games: Gold – 200m butterfly, 200m medley, 4×100m freestyle, 4×200m freestyle, 4×100m medley; Silver – 100m butterfly
|
|
Net Worth
|
$100 million
|
|
College
|
University of Michigan
|
|
Partner/Spouse
|
Nicole Johnson
|
|
Zodiac Sign
|
Cancer
|
Early Life
Michael Phelps, whose full name is Michael Fred Phelps II, was born on June 30, 1985, in Baltimore, Maryland. He is the youngest of three siblings born to Deborah, a middle school principal, and Michael Fred Phelps, a retired state trooper. His parents split when he was nine years old, and his father got remarried in 2000. Phelps has mentioned that his relationship with his father became tense after the divorce. He completed his education at Towson High School located north of Baltimore, graduating in 2003.
Career
Michael started swimming with a coach at age 7. His talent was evident early. At 15, he joined the U.S. Summer Olympic Team in 2000. In Sydney, he ranked fifth in the 200m butterfly final. In 2001, he set a world record as the youngest male swimmer to do so. Michael’s first international medal was at the 2001 World Championships. After high school, he set five new world records. While at the University of Michigan, he continued breaking records yearly. Over two more Olympics, he won a total of 17 medals, including many golds. At Beijing in 2008, Phelps remarkably won eight Gold Medals, surpassing Mark Spitz’s seven golds record. In 2009, he broke the world record for the 100m butterfly by swimming at an amazing speed of 5.5 mph.
During London in 2012, he got four gold and two silver medals before considering retirement but later competing again. In Rio in 2016, Michael obtained five gold and one silver medal and was the first American male swimmer to join five Olympic Games. On August 12, 2016, Phelps retired as an athlete with the most Olympic medals and an impressive total of 39 world records set. Due to his success, Michael had a thriving post-Olympics career with many sponsors and appearances in commercials globally from collaborations with popular brands like Under Armour and Visa, among others that significantly boosted his wealth over time.
Endorsements
Throughout the years, Michael has remained in the public eye and consistently upheld a very strong portfolio of endorsements. Even in retirement, he still secures profitable deals with companies like:
- Subway
- Visa
- Speedo
- PowerBar
- Under Armour
- AT&T
Michael is not only a key figure in promoting Talkspace but also has investments in the mental health startup, which has had valuations ranging from $1 billion to $3 billion.
Personal Life
Phelps has been characterized as independent, preferring solitude and focusing on his goals. Throughout each Olympics, he was known for his tendency to keep to himself rather than engage in group activities. Surprisingly, he made his first appearance walking in the 2016 Olympic Opening Ceremony, which marked his final participation in the games. His previous coach has praised his kindness in his interactions with fans and young admirers seeking inspiration from him.
Michael wed Nicole Johnson, a former beauty queen, in June 2016. Their wedding was kept secret. The marriage became public four months later. They have four sons: Boomer, Beckett, Maverick, and Nico. They live in Arizona. Phelps assists the Arizona State Sun Devils with Bowman. He shared his struggles with depression and ADHD openly. After the 2012 Olympics, he considered suicide. Phelps supports mental health awareness. In 2017, he joined Medibio’s board for mental health diagnosis. Post-2008 Olympics, he started Michael Phelps Foundation to promote healthy living. He co-created Swim with the Stars for swimmers of all ages.
Legal Issues
Phelps faced legal consequences in November 2004 after being caught driving while under the influence of alcohol in Salisbury, Maryland. He admitted guilt, received a $250 fine, was put on probation, and was required to give talks to high school students on the dangers of drunk driving. In 2009, he lost a sponsorship contract with Kellogg’s following the circulation of a photo showing him using a bong. A subsequent arrest in 2014 for DUI and speeding led to a six-month suspension from all competitions. Phelps’ absence from the team resulted in the U.S. failing to qualify for the finals at the 2015 World Aquatics Championships.
Real Estate
In 2007, Phelps purchased a Baltimore condominium for $1.69 million. Following the housing market crash, he put the property on the market for $1.42 million but eventually accepted $1.25 million. Subsequently, he relocated to a townhouse in the Canton area, residing there for four years before selling it for $960,000 in 2016. Michael made the move to Paradise Valley, Arizona, in December 2015 by acquiring a $2.5 million residence. He later listed this property for $4.1 million in 2018, ultimately selling it for $3.5 million.
Faq
Who is Michael Phelps’ wife?
Michael Phelps married the former Miss California Nicole Johnson on June 13, 2026.
What did Michael Phelps suffer from?
Michael Phelps suffered from anxiety and depression in 2015.
How many calories did Michael Phelps consume?
The accomplished swimmer consumed around 12,000 calories per day to complement his rigorous training.
How much did Speedo pay to Michael Phelps?
Speedo paid $1 million to Phelps after he shattered multiple records at the 2008 Beijing Olympics.
How old is Michael Phelps?
Born on June 30, 1985, Phelps is 38 years old.
