Michael Phelps Net Worth

Michael Phelps Net Worth

Michael Phelps is an American retired competitive swimmer and the most decorated Olympian of all time. He has grown to be popular because of his record breaking swim competition at the Olympics as well as being an athlete to the long course world holders of some of the competitions, he competed in. The estimated net worth of Michael Phelps is $55 million.


Michael Fred Phelps II was born on June 30, 1985, in Baltimore, Maryland, to Deborah Sue Phelps, a middle school principal and Michael Fred Phelps, a retired Maryland State Trooper. Michael Phelps attended Rodgers Forge Elementary and Dumbarton Middle School. His parents divorced when he was nine years old, but his father remarried in 2000. At the age of seven, Phelps took up swimming, because of the influence of his sisters and also because of his energy. Phelps held a national record for his age group, by the age of ten. Afterwards, he started training at the North Baltimore Aquatic Club. Although he was diagnosed with attention deficit hyperactivity disorder in the sixth grade, Phelps graduated from high school, in 2003.


Michael Phelps’ love of swimming, may have started when he was a child, but his passion started once he entered the men’s Olympics. In the 2000 Olympics, in Sydney, he finished in fifth in the 200-metre butterfly. He became the youngest world-record holder in men’s swimming, posting at 1 minute and 54.92 seconds in the 200-metre butterfly, at the age of 15, in 2001, in the U.S. Spring Nationals. Afterwards, he won his first international title at the world championships in, Fukuoka, Japan. HIs passion of swimming led him to win five medals in 2002, which includes three gold medals. He continued his success as a swimmer, by breaking five world records at the world championship in Barcelona. Phelps also won five titles at the U.S. Summer Nationals, which is the most won by a male swimmer, at a single championship. He took home six gold medals set world records,at the Olympic Games in Athens, in 2004. In 2007, he continued on with his winning streak, by winning seven gold medals and set five world records, at the World Championships in Melbourne. Michael Phelps took the gold in three events at the 2008 Olympic games in Beijing. When starting off in the 2012 Olympics, he was disappointed, because he failed to get his first medal in the 400-metre IM. However, he did win the silver medals in the 4×100 freestyle and the 200 metre butterfly as well as a gold medal in the 4×200 metre freestyle relay. Phelps won a gold medal in the Olympic London games in the 4×100 medley relay. He had announced his plan to retire after the 2012 Olympics, but he came back in 2014, but he was suspended that same year, by USA swimming for six months, after being charged with driving under the influence. In 2016, he was the flag-bearer at the opening ceremonies, of the Rio de Janeiro Olympic games. He set the record many times in this game, by being in his fifth game at the Olympics, which was a record for an American male swimmer. He also won gold medals in the 200 metre IM, the 4 x 100 metre medley relay, the 4 x 100 metre freestyle relay, and the 4 x 200 metre freestyle relay. However, gold in the 200 metre butterfly, captured the most attention. Michael Phelps has spent his entire Olympic career being the perfect winner.

Awards and Acknowledgements

Even though Michael Phelps has spend a great deal of his life being a professional swimmer, who went for the Olympic golds in the Olympic games, his recognition around the world, is still mesmerizing to many. Over the years he has been acknowledged by sports award shows and magazines. Some of his awards include, the Best Record-Breaking Performance ESPY Award, the Best Male Athlete ESPY Award, the Best Moment ESPY Award, and the James E. Sullivan Award. He has also been recognized with the Sports Illustrated Sportsperson of the Year award, the Laureus World Sports Award for Comeback of the Year, the BBC Sports Personality of the Year Lifetime Achievement Award, and the Laureus World Sports Award for Exceptional Achievement. Some of his other award acknowledgements include, the Best Male U.S. Olympic Athlete ESPY Award, the Associated Press Male Athlete of the Year award, and the Milliyet Sports Award for World Athlete of the Year. Michael Phelps has proven that he has worked hard for every award he has ever received and has loved all of the work he has done.

Net Worth of Michael Phelps

Michael Phelps has grown to be an athlete who has shown his passion in swimming ever since he was a child. From breaking world records to be being known as the best male athlete in the U.S., he has been one of the greatest influences for young athletes to pursue their dreams. Michael Phelps’ net worth is $55 million, and he owes his success to his swimming career and the records he broke with being a swimmer.

Personal Life

Michael Phelps is married to former, Miss California USA, Nicole Johnson. They met in 2007 at the ESPY’s, but broke up in 2012, but reunited and was engaged in 2015. They had a secret wedding in 2016.Since then, the two have had a son together, named Boomer Robert Phelps. Michael Phelps and his family now live in, Paradise Valley, Arizona, where Phelps volunteers as an assistant coach, with the man who coached him, Bob Bowman, for the Arizona State Sun Devils Swim Team.


Michael Phelps is a an example of how dreams can come true if work is put into them. Even though he started out swimming to have more control over his ADHD, his passion for swimming has gotten stronger because of his illness. He has shown that putting limitations on dreams will not help him achieve his goals. Michael Phelps will always be known as the man who beat all of the odds that no one thought was possible.

Michael Phelps Bio Info

Born: 30 June 1985 (age 32 years), Baltimore, Maryland, United States
Height: 1.93 m
Spouse: Nicole Johnson (m. 2016)
Child: Boomer Robert Phelps
Nickname(s): “The Baltimore Bullet”, “Flying Fish”
National Team: United States
Olympic medals: Swimming at the 2012 Summer Olympics – Men’s 4 × 100 metre freestyle relay

Michael Phelps Quotes

  • You can’t put a limit on anything. The more you dream, the farther you get. – Michael Phelps
  • If you want to be the best, you have to do things that other people aren’t willing to do. – Michael Phelps
  • 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. – Michael Phelps
  • I feel most at home in the water. I disappear. That’s where I belong. – Michael Phelps

Michael Phelps Videos on YouTube

Michael Phelps has dominated the swimming category in the Olympics for over a decade with such a legacy behind him and more ahead find out all there is to know about this amazing athlete.

On this episode of The Ellen Show, the most decorated Olympian of all time shared some intriguing details about where he keeps all of his Olympic medals hidden… and the select number of people who know their exact location.

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