Michael Phelps, a great swimmer, is also known as ‘Flying Fish’ or ‘The Baltimore Bullet.’ Of his incredible talent, he is now a famous name worldwide, and with that popularity, there are also a lot of treasures. So now we will know about the net worth of Micheal Phelps, his lifestyle, cars, and how he is spending his millions. And even that’s not enough you’ll also know about his personal life, career and other interesting information. 

Michael Phelps’s key facts 

● He earned $10 million+ annually 

● From his Competition of swimming, he earned $2.5 million per 

● In just one year, his net worth gained $20 million 

● In 2013,, he earned more than $12 million through his sponsorships alone.

Michael Fred Phelps II, or in short Michael Phelps, was born on 1985 June 30 in Baltimore, Maryland. Then he grew up in the neighborhood of Towson. Michael Phelps’s father, Michael Fred Phelps, was once a Maryland State Trooper. And his mother, Deborah Phelps, is a middle school principal. Michael was the youngest of all his siblings; he had two elder sisters, Whitney and Hillary.

Michael Phelps joined swimming to help with his ADHD when he was seven. When Michael was nine years old, his parents got the most, and the situation wasn’t easy for him to handle due to his condition. It affected his interaction with his siblings and distanced his relationship with his father. 

When Michael was 10, he had already started making national records, and under the guidance of his coach Phelps improved drastically; by age 15, he began participating in the Olympics. 

Michael Phelps’s career & awards 

Michael’s first Olympic debut was the 2000 Summer Olympics, and he became the youngest male swimmer he was under the guidance of coach Bob Bowman. Then in 2001 recorded in 200-meter butterfly swimming and won a gold medal. 

Then in 2002, at Pan Pacific Swimming Champions in Japan, Michel made records in 200m individual medley, 400m medley, and 400m medley and won three gold medals. He also won two silver medals in 200-meter butterfly and 4×200 meter freestyle. 

Michael then won four gold medals and two silver ones from the 2003 world Aquatics championships. And then another competition happened in the same year in 2003, which was the World championships. In both of these championships, he kept on breaking world records. 

In the 2004 summer Olympics, he quickly passed the trials making a world record, and Through the main events, he won six gold medals and two bronze. Then came the 2005 World championships, in which he won four gold medals in 200m freestyle, 200m individual medley, 4x100m freestyle, 4x100m individual medley, and one silver medal from 100m butterfly. 

Then as the 2006 Pan Pacific champion and in the 2007 world championships, his talent didn’t disappoint him. The most exciting turn of his career was the 2008 Beijing Olympics, where he proved the impossible by winning eight gold medals, which gained him many sponsorships.

From 2009 to 2011, in two worlds and one Pan Pacific championship, he was nothing less than what he used to be in his past competitions. Then at the 2012 London Olympics, he did pretty well and brought six medals.

Four of them were gold, and two were silver. And then he started planning his retirement. But after 2years of a short break, Michael returned to hit the pool again and took part in the 2014 Pan Pacific championships. 

But in 2015, Michael was in the dark phase of his life, where he started drinking and having suicidal thoughts. He even got a DUI suspended him from the 2015 World aquatic championships. 

Then finally, in 2016, Michael Phelps decided to retire permanently from swimming competition after his 2016 Rio Olympics. And he ended his journey with 39 world records. 

Michael Phelps’s other income 

Endorsement 

After swimming in competitions, he earned a lot, but in his field career, he became a part of many sponsors. He gained considerable money, which significantly contributed to his net worth. So here is a list of his endorsement, 

● Omega 

● Subway 

● Louis Vuitton 

● Head and shoulders 

● Call of Duty 

● Radio shack 

● Aqua Sphere, from which he earned $1 million 

● Under Armour, in this contract, earned $5 million within a year. 

● Sol Republica 

And many more. 

Acting 

Michael also tried his luck acting, but it wasn’t as successful as his swimming career. But by now, he has appeared in TV series like Suits and Entourage. Besides, he appeared in many commercial ads and interviews and even acted in a music video.

Business ventures 

Michael Phelps also has an Xbox game; in 2011, he released a game titled Michael Phelps: Push the Limit. Those games get decent feedback. 

Investment in market 

After his retirement, Micheal started an investigation in the investment sector. Still, he is earning a small amount of capital, and it will take time to make a considerable amount from it. 

Merchandises 

Michael has his own merchandise life for swimmers. Here is brand sells swim caps, swimming goggles, and many other things. 

Michael Phelps’s personal life 

In 2016 Michael Phelps got married to Nicole Johnson, a former present queen of Miss California USA. In 2007 They met for the first time. Until then, their relationship was constantly going on and off.

Then in 2015, they decided to get engaged. Now Micheal and Nicole are the parents of 3 sons, Boomer Robert Phelps, born in 2016 then; Beckett Richard Phelps, born in 2018 and Maverick Nicolas Phelps, born in 2019. 

Before getting married, he dated Stephanie Rice, Caroline Pal, Carrie Prejean, Brittny Gastineau, Megan Rose, and Win McMurry. 

Michael Phelps’s net worth 

Michaels’s net worth is a little less than $100 million, which will be fulfilled by the year’s end.

Michael Phelps’s net worth summary 

Michael Phelps’s assets 

In 2015 Michael bought a mesmerizing Santa Barbara-style home in Arizona, Paradise Valley, for which he paid $2.53 million. At that time, he spent a lot on his dream house. That house is 6088 sq. ft.

The mansion is set on an entire acre of land. It has five bedrooms, exotic white walls and furniture, important Hardwood floors, a barbeque area, huge swimming, and many other things. But in 2018, he listed the house on the market and sold it for $3.5 million. 

Then, later in the same year, Michael and his family moved to a new house that cost double the previous one, and the price of that house was around $6.2 million. The location of this mansion is near his previous one, but it’s much more extensive and stunning. The villa is based on 10,000 sq. ft, and it includes six huge bedrooms, eight bathrooms, an eight-car garage, a gym room, etc. 

Leaving these houses, his living space in the Baltimore townhouse is one of the coziest houses on his list. The house was listed for $1.15 million, but Michael Phelps bought it for $960,000. It is a two-story building located in Canton.

The house is designed with a modern and industrial interior. And its 2,800 sq.ft. the house has an amazing rooftop, five-car garage, hot tub, and many other things that make it a home. 

Michael Phelps’s cars

There is a reason behind Michael buying houses with huge garage space. He loves cars and owns quite impressive vehicles in his collection. So here are the cars he owns: 

● Mercedes Benz SL-63 cost him around $150,000 with a very exotic look. ● Cadillac Escalade, for which he paid around $70,000. Unfortunately, this car of his had become a part of a little accident in 2009. But it’s perfect now. 

● Range Rover price $95,000 

● He also owns a BMW 760 Li, which he customized to make it more luxurious, and all together, it cost around $160,000 

Michael Phelps watches 

Now let’s talk about his watch collection. Michael Phelps is a severe watch lover who loves to show it. There are many exciting watches on his list that includes, 

● Omega Seamaster planet ocean 600M for this watch. Michael paid around $12,000 ● Another Omega watch that is worth about $8,500 

● SeaMaster Planet ocean is a big size 

● He also owns a Rolex that cost approximately $30,000 

Michael Phelps’s other investments 

Vacations 

Michael not only loves to buy classy things, he also loves to go on vacations. He went to places like the Maldives, where he stayed in the most luxurious areas of the island. Then he visited Mexico, Bali, Mexico, and many other lavish places. 

Michael Phelps not only travels lavishly, he even flies lavishly. Whether to keep his life a secret or for other reasons, Michael Phelps travels through private jets that cost him $4,000 to $10,000 per hour.

Charity 

He has a foundation for an active and healthy lifestyle for the youth. And for this, he spent around $1 million, which he had won from one of his Olympics. And currently, there are a lot of children and teens who are learning to swim and leading healthy life. And apart from his foundation, Richard supports many other foundations by donating. 

Michael Phelps’s net worth growth 

Conclusion 

Even though he faces some legal issues in his life, like drinking and driving or smoking bongs( for which he lost the sponsorship of Kellogg’s), while growing up, he later understands his mistakes and their consequences.

And acknowledging errors doesn’t make him any lesser in this swimming field. Phelps stayed true to his path and followed what his heart wanted. And that’s what paid him off and allowed him to make the right decisions at the right time. 

Frequently asked questions 

● What is the net worth of swimmer Michael Phelps? 

Currently, In 2022, Michael Phelps’s net worth is $100 million

● Does Michael Phelps have any disabilities? 

He has ADHD, and with the help of swimming, he is much better. 

● In which year did Micheal Phelps retire from his swimming career? In 2016, the year he got married, Micheal decided to retire. 

● How many gold medals does Michael Phelps have? 

He won more than 50 gold medals throughout his swimming career.