Michael Phelps Net Worth, Career, Endorsements, Wife, House, and more
Everything you need to know about the highly decorated and celebrated American Olympics swimmer Michael Phelps.
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Credits: Olympics
| Name | Michael Fred Phelps II |
| Age | 37 (June 30, 1985) |
| Nationality | American |
| Profession | Olympics Swimmer |
| Marital Status | Married to Nicole Johnson (2016) |
| Net Worth | $100 Million |
| Last Updated | 2023 |
Michael Phelps is one of the most decorated athletes in Olympic history, the only American with the highest number of Olympic medals. Phelps has 28 Olympic medals and holds the record for having the highest number of gold medals (23) won in the Olympics. Phelps had broken fellow American Mark Spitz’s 1972 record of winning seven gold medals by winning eight in the 2008 Beijing Olympic Games.
Phelps is also one of the highest-paid athletes in the world, and alongside several sponsorship deals and endorsements, his net worth is considered exceptionally high in 2023. Although a retired professional now, Michael Phelps continues to be counted among the wealthiest athletes worldwide.
Besides being an athlete beyond par, Michael Phelps is also a great proponent of mental health and well-being. In several interviews and seminars, Phelps has opened up about his struggle with mental health and well-being and has supported the cause of working further toward awareness of this issue. Phelps himself suffers from Attention Deficit Hyperactivity Disorder (ADHD) and was diagnosed when he was in sixth grade. Here is a closer look at some of the most asked-about aspects of Michael Phelps’ life.
Michael Phelps Net Worth (2023)
As of 2023, Michael Phelps’ net worth is estimated to be around $100 million. He has had around $9.3 million in career earnings and around $10 million from brand endorsements. Michael Phelps has earned $640,000 from his Olympic grants- $25,000 for gold, $15,000 for silver, and $10,000 for bronze medals.
Michael Phelps is regarded alongside Usain Bolt as one of the most successful Olympic athletes. He is the fourth wealthiest Olympian, preceded by Usain Bolt, Ivanka Trump, and Caitlyn Jenner.
Michael Phelps Career
Michael Phelps has had an illustrious career throughout his tenure as an Olympian and an athlete. Throughout his career, he has participated in four Olympic Games and has won a record high of 28 medals, the highest ever for an American athlete. Furthermore, he also has the highest number of gold medals ever won by an athlete, i.e., 23 gold medals. He also has three silver and two bronze Olympic medals in his name.
Besides this, Phelps has also won 43 gold medals, 11 silvers, and one bronze from all other competitions and World Championships.
Michael Phelps Endorsements
Michael Phelps has earned over $10 million from brand endorsements and sponsorships. The Olympian reportedly earned $1 million from sponsorship with Speedo when participating in the 2008 Beijing Olympics. Here are some of the companies that Phelps endorses and is sponsored by:
- Wheaties
- Corn Flakes
- Louis Vuitton
- Aqua Sphere
- Speedo
- Intel
- Subway
- Under Armor
- Beats by Dr. Dre
- Radio Shack
- Call of Duty
- Visa
- Head & Shoulders
Besides brand endorsements, Phelps greatly advocates mental health and well-being and spreads awareness on this topic worldwide.
Michael Phelps Wife
Michael Phelps is happily married to his wife, Nicole Johnson, since 2016. The couple first met in the 2007 ESPY Awards, where Johnson was an award show escort. Despite their relationship’s ups and downs, the couple has remained strong and very much in love with each other. Phelps often mentions Johnson as being a pillar of support for him.
Phelps has three children with Johnson: Boomer, Beckett, and Maverick.
Michael Phelps House and Cars
Michael Phelps lives in a lavish mansion in Scottsdale, Arizona, worth more than $2.5 million. It is a 6,010-square-foot five-bedroom property near Arizona State University. Phelps lives there with his wife and children.
Phelps also has a lavish collection of cars, including luxurious models such as the Lamborghini Aventador, Range Rover, and Mercedes GLS.
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Siddid Dey Purkayastha
(528 Articles Published)