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If you were to ask random people who had no knowledge of swimming who they thought the most successful Olympic champions were, there is a good chance they would mention Michael Phelps somewhere in there. He is famous for making it into the Olympic swim team at a very young age, and it is only natural for his fans to wonder how much his net worth is after such a very successful career.

Photo of Michael Phelps of the USA during a training session at the Aquatics Centre at Olympic Park on 23rd July 2012, in London, England. Photo by M. Regan.
Source: Getty Images

He is a former American competitive swimmer who was nicknamed “The Flying Fish” for his incredible underwater speed. But who is he on dry land? Did you know he holds twenty Guinness World Records? This article explores his net worth, amongst other details.

Profile summary

NameMichael Fred Phelps II
GenderMale
Date of birth30 June 1985
Age37, as of September 2022
Zodiac signCancer
Place of birthBaltimore, Maryland, US
NationalityAmerican
EthnicityCaucasian
Height6 ft. 4 in or 1.93 m
Weight194 lb. or 88 kg
ParentsMichael and Debra Phelps
SiblingsTwo sisters
PartnerNicole Johnson
ChildrenThree sons
ProfessionAthlete, Swimmer
Medals won28
Net worth$100 million
Salary$9.3 million
Social mediaInstagram, Twitter, YouTube, Facebook

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Michael Phelps’ age

The youngest of the three kids of Debbie Sue and Michael Snr, the athlete was born on 30th June 1985, making him 37 years old in September 2022. His star sign is Cancer. Furthermore, his two sisters, Whitney and Hillary, are athletic and nudged him toward swimming.

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Michael Phelps’ height

The athlete is 6 ft. 4 in or 1.93 m tall. He has an athletic build, weighing 88 kg or 184 lb., and size has 14 feet, all features accreditable to his competitive swimming career.

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Michael Phelps' wife
Michael Phelps and his wife Nicole Johnson attend the Barnstable Brown Gala at Barnstable-Brown Mansion on 6th May 2022, in Louisville, Kentucky. Photo by Stephen J. Cohen.
Source: Getty Images

Michael Phelps’ wife

At the 2007 ESPYs, the star met his future wife. He secretly married Nicole Johnson on 13th June 2016, until online sources leaked the news four months later. They have three sons: Boomer, born in 2016, Beckett born in 2018, and Maverick who was born in 2019. She is a 31-year-old former pageant titleholder for Miss California USA in 2010.

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Michael Phelps’ career earnings

On top of earning $9.3 million annually from his swimming career and brand endorsements topping $10 million, the Baltimore native has also made money from winning Olympic medals. The Olympic committee grants a swimmer winning a gold medal $25,000, 15,000 for silver, and $10,000 for bronze. Phelps has won $640,000 from his Olympic prize money to date.

Michael Phelps' career earnings
Michael Phelps of the USA looks on during a training session at the Aquatics Centre at Olympic Park on 23rd July 2012, in London, England. Photo by M. Regan.
Source: Getty Images

He has also authored books, featured in video games, cameoed in TV shows and taken to charity and philanthropy. All these ventures have been income generators for him as well.

Michael Phelps’ net worth

According to sources, the Olympic champion is worth $100 million and is among the highest-paid athletes. His career earnings and lucrative endorsement deals are the primary sources of his wealth. He is among the highest-paid Olympians along with former Olympic sprinter Usain Bolt.

Michael Phelps’ house and cars

As a wealthy, young retiree at only 31, the swimmer purchased a 6000 square feet 5-bedroom mansion in Paradise Valley, Arizona, in USA, where he has lived with his family since 2018. They live near Arizona State University.

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Michael Phelps' house, cars
A photo of Michael Phelps’ Baltimore mansion (L) and on the right, Phelps poses in a new Aventador roadster. Photos from Twitter. (Modified by the author).
Source: Twitter

Like most celebrities, the swimmer owns some classy cars, including a BMW 760 Li, Range Rover, Cadillac Escalade and a Mercedes-Benz SL63.

Michael Phelps’ medals

The most decorated Olympic medalist bagged 28 medals, the highest ever won by any individual in history. In addition, he boasts 23 gold, three silver and two bronze medals. He has also won 43 gold, 11 silver and one bronze from other world championships. Below is a summary of his Olympic achievements:

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Olympic gamesEventMedal
Athens 2004Butterfly, Medley, Freestyle (100m, 200m, 400m, 800m)six gold, two bronze
Beijing 2008Butterfly, Medley, Freestyle (100m, 200m, 400m, 800m)eight gold
London 2012Butterfly, Medley, Freestyle (100m, 200m, 400m, 800m)four gold, two silver
Rio 2016Butterfly, Medley, Freestyle (100m, 200m, 400m, 800m)five gold, one silver

Who is the wealthiest Olympic swimmer?

Michael Phelps is regarded as the wealthiest Olympic swimmer with a successful career spanning sixteen years and numerous other income streams. He is the fourth richest Olympian worldwide, only preceded by Usain Bolt, Ivanka Trump and Caitlyn Jenner.

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How much does Michael Phelps get paid?

Though he does not earn from his swimming career anymore, the Baltimore Bullet still makes money from brand partnerships and bonuses, upwards of $10 million annually. In addition, he is a swimwear brand owner, author, motivational speaker and social media influencer.

Michael Phelps' medals
Swimmer Michael Phelps of the USA poses for a portrait on 16th August 2016, in Rio de Janeiro, Brazil. Photo by Al Bello for Octagon.
Source: Getty Images

Why did Michael Phelps retire?

The athlete has retired twice. He first retired in 2012, after the London Olympics, as this was a dark phase of his life. At 27, this shocked his fans, as he swore he did not want anything to do with swimming again.

With time, his state got better, and he got out of retirement in 2014. He represented the US at the 2016 Rio Olympics, and after a stellar performance, he finally retired from the sport. He now focuses his attention on his charity foundation and his growing family. Speaking about his decision to retire, Phelps said,

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“This is how I wanted to finish my career. This is the cherry I wanted to put on top of the cake. I didn’t want to feel I was forced to do something. I did this time because I truly wanted to.”

Does Michael Phelps still hold any world records?

As one of the most successful Olympians, Phelps set 39 world records, with 29 individual records. He holds the highest number of records possessed by a swimmer that FINA recognizes, although Johnny Weissmuller is said to have broken 67 world records in the 1920s.

His only remaining record as of September 2022 is the 4×100m medley relay in the 2008 Beijing Olympics, with a time of 3 hours, 8 minutes and 24 seconds. Michael Phelps’ net worth is an excellent testament to the saying ‘hard work pays’. His ambition, determination and consistency made him a celebrated world champion.

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Sportsbrief.com recently did a story on Cam Newton’s net worth in 2022, approximately $75 million. Forbes classified him in the top 100 highest-paid athletes as of 2022.

He is an American football quarterback for the New England Patriots in the NFL. Click on the link above to learn more about his net worth and his life on and off the pitch.

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Source: Sports Brief News


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