Swimmer Phelps Net Worth (Updated 2025).

Michael Phelps, born on June 30, 1985, in Baltimore, Maryland, was introduced to swimming at the tender age of seven. His sisters, Hilary and Whitney, were already involved in the sport, and their father, Michael Fred Phelps, an all-state metler at Washington & Lee University, encouraged young Michael to follow suit. It was at the local pool where Phelps’ natural talent for swimming first became evident. He could swim before he could walk, and by the age of ten, he had set his first national record.

Phelps’ rise to fame began at the age of 15 when he became the youngest male to make the U.S. Olympic swim team in 68 years. He competed in the 2000 Sydney Olympics, finishing fifth in the 200-meter butterfly, an impressive feat for such a young athlete. Four years later, at the 2004 Athens Olympics, Phelps catapulted to international stardom, winning eight medals in total, including six gold, and setting a new record for the most medals won at a single Olympic Games. This was just the beginning of what would become one of the most decorated careers in Olympic history.

Michael Phelps’ Net Worth in 2025

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

Career

Michael Phelps, born in 1985, is an American swimmer and the most decorated Olympian of all time. He has won 28 Olympic medals, 23 of which are gold. Phelps’ career spanned from 2000 to 2016, during which he set numerous world records and won multiple World Championships. He retired from competitive swimming in 2016 but continues to be involved in the sport through various initiatives.

Other Ventures

Beyond his swimming career, Phelps has ventured into various business and entrepreneurial pursuits. He has his own line of swimwear, MP Xtreme, and has invested in several startups, including athletic apparel company, DraftKings, and meditation app, Headspace. Phelps has also authored a book, “No Limits: The Will to Success,” and has been involved in philanthropic work, including founding the Michael Phelps Foundation to promote healthy, active lives.

Assets

Phelps’ assets include several properties across the United States, including homes in Arizona, Baltimore, and Michigan. He also owns a fleet of luxury cars, including a Range Rover, a BMW, and a Ferrari. Phelps has invested in real estate and has a stake in several businesses, contributing to his overall net worth.

Annual Income

Throughout his career, Phelps’ annual income was significantly boosted by his endorsement deals. According to Forbes, in 2012 alone, Phelps earned $5 million from endorsements. Although his annual income has likely decreased since his retirement from competitive swimming, his net worth continues to grow through his various business ventures and investments.

Frequently Asked Questions about  Swimmer Phelps

Frequently Asked Questions: Swimmer 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 money through his successful swimming career, endorsements, sponsorships, and various business ventures.

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’ highest earning year?

Michael Phelps’ highest earning year was 2012, when he earned an estimated $12 million.

5. Who is Michael Phelps’ wife?

Michael Phelps is married to Nicole Johnson, a former Miss California USA. They got married in 2016 and have two children together.

6. What is Michael Phelps’ foundation?

Michael Phelps founded the Michael Phelps Foundation in 2008, which promotes healthy, active lives, especially for children.

7. What is Michael Phelps’ record for most Olympic gold medals won by an individual?

Michael Phelps holds the record for most Olympic gold medals won by an individual, with a total of 23.

8. What is Michael Phelps’ highest earning endorsement deal?

Michael Phelps’ highest earning endorsement deal was with Speedo, which was reportedly worth around $5 million per year.

9. What is Michael Phelps’ highest earning business venture?

Michael Phelps’ highest earning business venture is his investment in the sports drink company, Sweet Sweat.

10. What is Michael Phelps’ retirement plan?

Michael Phelps has stated that he plans to focus on his family and various business ventures after his retirement from swimming.