Michael Phelps, born in Baltimore, Maryland, in 1985, began his swimming career at the tender age of seven. His sisters, who were already involved in the sport, inspired him to join a local swim team. Phelps’ natural talent and passion for swimming quickly became evident, leading him to train rigorously under renowned coach Bob Bowman.

Phelps’ fame began to rise during his teenage years. At the age of 15, he became the youngest male to make the U.S. Olympic team in 68 years. He competed in the 2000 Sydney Olympics, finishing fifth in the 200-meter butterfly event. However, it was his performance in the 2004 Athens Olympics that truly launched him into the limelight. Phelps won eight medals, including six gold, making him the most decorated Olympian of all time at that point.

Michael Phelps’ Current Net Worth (2025)

As of 2025, Michael Phelps’ net worth is estimated to be around $80 million. This significant figure is a testament to his successful career and various business ventures.

Michael Phelps’ Career

Michael Phelps, born in 1985, is a retired American swimmer. He is widely regarded as the greatest Olympian of all time, with a total of 28 Olympic medals, including 23 golds. Phelps held the record for the most decorated Olympian before being surpassed by gymnast Larisa Latynina in 2016. He retired from competitive swimming in 2016.

Michael Phelps’ Other Ventures

After retiring from swimming, Phelps has ventured into various business opportunities. He is a co-owner of the professional swimming league, International Swimming League (ISL). Additionally, he has invested in several startups, including a sports drink company, a swimwear brand, and a mental health platform.

Michael Phelps’ Assets

Phelps’ assets include multiple real estate properties, including a $2.5 million mansion in Arizona and a $1.7 million home in Baltimore, Maryland. He also owns a fleet of luxury cars, including a Range Rover, a Ferrari, and a Porsche. His extensive collection of Olympic medals and other awards are also valuable assets.

Michael Phelps’ Annual Income

At the height of his career, Phelps reportedly earned around $12 million annually, primarily from endorsements. While his annual income has decreased since his retirement, he still earns a significant amount from his various business ventures and endorsement deals. His exact annual income is not publicly disclosed.

Frequently Asked Questions about  Michael Phelps

**Frequently Asked Questions: Michael Phelps Net Worth**

1. What is Michael Phelps’ net worth?

Michael Phelps’ net worth is estimated to be around $80 million.

2. How much money does Michael Phelps make per year?

Michael Phelps’ annual earnings vary, but he has made millions in a single year through endorsements, appearances, and competitions.

3. What are some of Michael Phelps’ biggest endorsement deals?

Some of Michael Phelps’ biggest endorsement deals include Speedo, Under Armour, Visa, and Omega. He has also had deals with companies like Procter & Gamble, Hilton Hotels, and Subway.

4. How much money has Michael Phelps made from swimming?

Michael Phelps has earned millions from swimming, including prize money, bonuses, and appearance fees. However, the exact figure is not publicly disclosed.

5. What is Michael Phelps’ highest career earnings from a single event?

Michael Phelps’ highest career earnings from a single event were from the 2012 London Olympics, where he earned around $1.6 million in bonuses and prize money.

6. Does Michael Phelps have any business ventures?

Yes, Michael Phelps has invested in several businesses, including a swimwear line called MP Xtreme and a line of performance supplements called Phelps Sports.

7. How much money has Michael Phelps donated to charity?

Michael Phelps has donated to various charities, including the Michael Phelps Foundation, which focuses on promoting healthy, active lives, especially for children. The exact amount he has donated is not publicly disclosed.

8. What is Michael Phelps’ house like?

Michael Phelps owns a 6,000 square-foot home in Baltimore, Maryland, which includes a swimming pool, a home gym, and a game room.

9. What kind of cars does Michael Phelps drive?

Michael Phelps has been seen driving a Range Rover and a Cadillac Escalade, among other vehicles.

10. How much money does Michael Phelps spend on his tattoos?

Michael Phelps has not publicly disclosed how much he has spent on his tattoos. He has over 30 tattoos, each with personal significance.