Micheal Phelps Net Worth (Updated 2025).
Michael Phelps, born in Baltimore, Maryland, began his swimming career at the tender age of seven. His sisters, who were already involved in the sport, introduced him to the water, sparking an early passion that would eventually lead to unparalleled success. Phelps’ natural talent and dedication to the sport were evident from the start, and by the age of 10, he had set his first world record, becoming the youngest male to do so in the 100-meter butterfly. This remarkable achievement marked the beginning of a career that would see him become one of the most decorated athletes in Olympic history.
Michael Phelps’ Current Net Worth (2025)
As of 2025, Michael Phelps’ current net worth is estimated to be around $80 million. This impressive figure is a testament to his successful career as a swimmer and his strategic business ventures.
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, 23 of which are gold. Phelps’ career spanned over 15 years, during which he set numerous world records and dominated international swimming competitions.
Other Ventures
Beyond his swimming career, Phelps has ventured into various business opportunities. He has been a spokesperson for several brands, including Speedo, Under Armour, and Subway. Phelps has also invested in several startups, such as the sports drink company, Hydrant. Additionally, he has authored a book, “No Limits: The Will to Succeed,” and has been involved in philanthropic efforts through the Michael Phelps Foundation.
Assets
Phelps’ assets include several luxury cars, such as a Ferrari 360 Spider and a Range Rover, as well as multiple properties. He owns a home in Baltimore, Maryland, where he grew up, and another in Arizona. Phelps has also invested in real estate, including a stake in a luxury apartment complex in Baltimore.
Annual Income
At the peak of his career, Michael Phelps’ annual income was estimated to be around $12 million. This income came from his swimming earnings, endorsements, and various business ventures. Although his annual income has likely decreased since his retirement from swimming, his net worth continues to grow through his investments and entrepreneurial endeavors.
Frequently Asked Questions about Micheal 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 did Michael Phelps make his money?
Michael Phelps made his fortune through swimming endorsements, sponsorships, and prize money. He has endorsement deals with companies like Speedo, Under Armour, and Visa. He also earned prize money from his Olympic and World Championship wins.
3. How many Olympic medals has Michael Phelps won?
Michael Phelps has won a total of 28 Olympic medals, making him the most decorated Olympian of all time.
4. What is Michael Phelps’ swimming career record?
Michael Phelps has won a total of 23 Olympic gold medals, 3 silver medals, and 2 bronze medals. He has also set 39 world records and 29 national records.
5. When did Michael Phelps retire from swimming?
Michael Phelps retired from competitive swimming after the 2016 Rio de Janeiro Olympics.
6. What is Michael Phelps’ highest earning year?
Michael Phelps’ highest earning year was 2012, when he earned an estimated $7.3 million from endorsements and prize money.
7. Does Michael Phelps have any business ventures?
Yes, Michael Phelps has invested in several businesses, including a sports drink company called ‘Vital Hydration’ and a swimwear line called ‘MP X Speedo’.
8. What is Michael Phelps’ foundation called?
Michael Phelps’ foundation is called the ‘Michael Phelps Foundation’, which focuses on promoting healthy, active lives, especially for children.
9. How much does Michael Phelps earn from endorsements?
Michael Phelps earns an estimated $5 million to $6 million per year from endorsements.
10. What is Michael Phelps’ philanthropic work like?
Michael Phelps is involved in various philanthropic works. He is an advocate for mental health awareness and has spoken openly about his own struggles with depression. He also supports causes related to children’s health and education through his foundation.