Michael Phelps Net Worth: Charity & Book

Michael Phelps is a famous American former competitive swimmer and athlete with a net worth of $65 Million.

Michael Fred Phelps II was born on 30th June of 1985, the youngest of three children.

Moreover, his family lived just outside of Baltimore, Maryland, where all three children learned to swim early.

Michael Phelps swimming during a competition
Michael Phelps swimming during a competition

The most successful and most decorated olympian holds 28 Olympic medals, including 23 gold medals.

He’s considered one of the greatest swimmers of all time. This former competitive swimmer is a world record holder in the men’s 400-meter individual medley.

Moreover, he’s also the former long course world record holder in the 100-meter butterfly, 200-meter freestyle, 200-meter butterfly, and 200-meter individual medley.

This article will cover areas like his endorsements, salary, book publications, career, cars, houses, and many more.

Quick Facts

Here are some quick facts about Michael Phelps:

Full Name Michael Fred Phelps II
Nick Name The Baltimore Bullet, Flying Fish
Date Of Birth 30 June 1985
Birth Place Baltimore, Maryland, United States
Age 36 Years Old
Gender Male
Sexual Orientation Straight
Height 6 ft 4 in (1.93 m)
Weight 88 kg ( 194 lb )
Horoscope Cancer
Religion Christianity
Nationality American
Ethnicity English, Irish, German, Scottish, Welsh, distant Dutch
Hair Colour Black
Eye Colour Hazel
Skin Colour White
Tattoos Yes: On the left hip
Marital Status Married
Spouse Nicole Johnson
Kids Three Sons: Boomer Robert Phelps (born on May 5, 2016)
Beckett Richard Phelps (born on Feb 12, 2018)
Maverick Nicolas Phelps(born on Sep 9, 2019)
Father’s Name Michael Fred Phelps
Mother’s Name Deborah Sue Davisson
Siblings  Elder Sisters Whitney Phelps and  Hilary Phelps
High School Towson High School
Name of University University of Michigan
Profession American former competitive swimmer
Active from 2000-2016
Total Medals  28
Net Worth $80 Million
Salary $6 Million
Endorsements Under Armour, Omega, Master Spas, Sol Republic headphones, and Aqua Sphere
Foundation Michael PPherocheps Foundation
Social Media Facebook, Instagram, Twitter
Merch Swim Snorkel, Training Paddle, Goggle
Last Update January, 2022

Michael Phelps Net Worth and Income

Аѕ оf January, 2022, Phelps has a  net worth of $65 million. The primary sources of his income are sport and brand endorsements.

Michael Phelps endorsed 15 companies in 2014, including Louis Vuitton, Under Armour, Visa, Omega, Hilton, Subway, and HP.

His earnings from the endorsement deals are estimated to be $10 and $12 million for 2013 and 2014, respectively.

Moreover, with all the promotion work Michael Phelps is doing, his net worth is expected to grow.

Net Worth of Michael Phelps in Different Currencies

Currency Net Worth
Euro €54,926,625
Pound Sterling £46,965,750
Australian Dollar A$87,084,075
Canadian Dollar C$81,509,675
Indian Rupee ₹4,842,207,500
BitCoin ฿1,996

Michael Phelps: House and Cars

The professional swimmer is one of the most successful and wealthiest athletes in US history.

When you have 23 Olympic gold medals and such a great fortune, you can live pretty much anywhere.

Phelps chose to settle down in Scottsdale, Arizona, where he dropped more than 2.5 million dollars on a 6010 square foot mansion.

Moreover, it has six bedrooms and eight bathrooms and features many recreational spaces, including a barbecue area, hot tub sauna, wet bar, and pool.

Besides this splendid house, Phelps also owns luxury vehicles.

He owns a Cadillac escalade, a Mercedes-Benz sl63, a BMW 760 li, and a classic rover.

Among other vehicles, his most prized luxury vehicle is the Mercedes-Benz sl63, this super convertible.

Moreover, it comes equipped with a v8 engine producing 530 horsepower that takes the vehicle from zero to 60 miles per hour in just 3.6 seconds.

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Michael Phelps: Lifestyle and Vacations

With such handsome net worth, Michael Phelps lives a luxurious life. When Phelps needs to relax, he doesn’t just spend big he goes over.

He went on a lavish trip to the Maldives after his London 2012 Olympic triumph, where he seems to enjoy with his friends.

Similarly, the athlete also went to the Maldives, and he was enjoying the beaches at a luxury resort in Ari Atoll.

Moreover, this luxurious estate features a private terrace with a spectacular view of the ocean and sand beaches. Phelps seems to be enjoying lounging, boating, and boozing.

Michael Phelps: Charity Works

The gold medalist is also involved in charity work.

He’s the founder of the Michael Phelps Foundation, which developed a program called “IM.” Moreover, this program provides support to swimmers.

The foundation offers financial support, free training equipment, supplies, a pool pass, and many more to both boys and girls clubs.

Michael Phelps in a Charity Event
Michael Phelps in a Charity Event

He joined the Medibio’s Board of Directors in 2017; a company focused on diagnosing mental health disorders.

In addition, Michael also supports charities like Bid 2 Beat Aids.

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Michael Phelps: Book Publications

In addition to his excellent career, the swimmer with 28 medals has also written books.

Till now, he has written two books named Beneath the Surface: My Story (2008) and No Limits: The Will to Succeed (2009).

In his book, Beneath the Surface: My Story, he tells the story of his life, not a swimming diary.

In addition, he talks about his arrest in 2004 and his thoughts on the 2008 Olympics.

Despite Phelps’s winnings in swimming, his story is a tale of overcoming obstacles and redemption.

Michael's book cover photo
Michael’s book cover photo

In his other book, No Limits: The Will to Succeed, Phelps talks about his family, his coach, and his passion for the sport, as well as the lessons he has learned from overcoming obstacles.

From Michael’s early days as a teenager to his achievements as a world champion, this book will reveal the inspiring story of Michael Phelps.

Moreover, he shares his inspiring anecdotes, as well as valuable lessons learned from his experiences.

Michael Phelps: Career

Michael began swimming at the age of seven, and people quickly recognized his talent. He was a part of the U.S summer Olympic team in 2000.

In 2001, Phelps became the youngest male swimmer to set a world record in the 200-meter butterfly.

At the 2001 world championships, he broke his own record and won his first international medal just after graduating high school.

Phelps also holds the record for most Olympic gold medal wins. In 2008  he won 8 gold medals in the Beijing games.

Similarly, at the 2012 summer Olympics in London, Phelps won four gold and two silver medals.

Moreover, he announced his retirement on August 12th, 2016. To date, he has set the record for the most medal wins by an Olympic athlete.

Interesting facts about Michael Phelps

The swimmer’s father was also an athlete and state trooper. But, on the other hand, his mother was a school principal.

The athlete mentioned his retiring after the 2016 Olympics.

On a daily basis, he eats around 8000-10,000 calories.

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Quotes

“I think that everything is possible as long as you put your mind to it and you put the work and time into it. I think your mind really controls everything.”

“My mom put me and my sisters in the water to feel comfortable, to have water safety.”

“I feel most at home in the water. I disappear. That’s where I belong.”

FAQs

What does Michael Phelps do now?

In 2016 Phelps shared the news about his retirement.  After retiring, he mentioned doing promotional and partnership work only. Recently, he partnered with Reese’s chocolate, Silk protein shakes, and many others.

Does Michael Phelps have any psychological disability?

Yes, the professional swimmer has a psychological disability known as ADHD.

This is a mental disability that causes hyperactive and impulsive behavior. In his childhood, he had trouble with this disability.

At school, Michael had trouble sitting in the class without feeling agitated.

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