Mike Phelps Net Worth (Updated 2025).

Mike Phelps, born in 1985, began his swimming career at the tender age of 7. He was introduced to the sport by his mother, who recognized his natural talent and enrolled him in a local swim club. Phelps’ journey to fame was marked by early success; by the age of 10, he had already set his first national record. This impressive feat caught the attention of the swimming world and set the stage for his future accomplishments.

Mike Phelps’ Current Net Worth (2025)

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

Mike Phelps’ Career

Mike Phelps, born in 1995, is an American swimmer known for his exceptional performances in the butterfly and individual medley events. He has won 28 Olympic medals, 23 of which are gold, making him the most decorated Olympian of all time. Phelps’ impressive career also includes 83 medals in major international competitions, 63 of which are gold.

Other Ventures

Beyond swimming, Phelps has ventured into various business opportunities. He has endorsed numerous products and brands, including Under Armour, Louis Vuitton, and Omega. Phelps has also invested in several startups and is a co-owner of the Baltimore Crabs, a team in the Water League.

Assets

Phelps’ assets include a luxurious mansion in Baltimore, Maryland, valued at around $1.675 million. He also owns several cars, including a Range Rover and a Ford Mustang. Phelps’ extensive medal collection is one of his most valuable assets, with each Olympic gold medal estimated to be worth around $25,000.

Annual Income

Phelps’ annual income is primarily generated from his endorsement deals and business ventures. It’s estimated that he earns around $10 million annually from endorsements alone. His annual income from other ventures, such as his investments and ownership in the Baltimore Crabs, contributes to his overall wealth.

Frequently Asked Questions about  Mike Phelps

Frequently Asked Questions: Mike Phelps Net Worth

1. What is Mike Phelps’ net worth?

Mike Phelps’ net worth is estimated to be around $10 million.

2. How did Mike Phelps make his money?

Mike Phelps made his fortune primarily through his successful swimming career, where he won 28 Olympic medals, 23 of which are gold. He also earned money through endorsements, sponsorships, and public appearances.

3. What is Mike Phelps’ annual salary?

Mike Phelps’ annual salary varies, but it’s estimated that he earns around $2 million per year from endorsements and sponsorships alone.

4. What are some of Mike Phelps’ most lucrative endorsement deals?

Some of Mike Phelps’ most lucrative endorsement deals include his long-term contract with Speedo, his partnership with Omega, and his deals with brands like Under Armour, Visa, and Procter & Gamble.

5. How many Olympic medals has Mike Phelps won?

Mike Phelps has won a total of 28 Olympic medals, making him the most decorated Olympian of all time.

6. What is Mike Phelps’ record for the most individual Olympic medals?

Mike Phelps holds the record for the most individual Olympic medals won by any athlete, with a total of 23 medals.

7. What is Mike Phelps’ record for the most Olympic gold medals?

Mike Phelps also holds the record for the most Olympic gold medals won by any athlete, with a total of 23 gold medals.

8. What is Mike Phelps’ record for the most consecutive Olympic gold medals?

Mike Phelps holds the record for the most consecutive Olympic gold medals won by any athlete, with a total of 6 gold medals in a row.

9. What is Mike Phelps’ record for the most Olympic medals in a single Games?

Mike Phelps holds the record for the most Olympic medals won by any athlete in a single Games, with a total of 8 medals at the 2008 Beijing Olympics.

10. What is Mike Phelps’ record for the most Olympic gold medals in a single Games?

Mike Phelps also holds the record for the most Olympic gold medals won by any athlete in a single Games, with a total of 6 gold medals at the 2008 Beijing Olympics.