Michael Phelps Net Worth 2024

What is Michael Phelps Net Worth 2024?

Michael Phelps Net Worth 2024 Forbes, career, records, diet, suits, age, family. Michael Fred Phelps II is an American former competitive swimmer. He is the most successful and most decorated Olympian of all time with a total of 28 medals. Phelps also holds the all-time records for Olympic gold medals (23), Olympic gold medals in individual events (13), and Olympic medals in individual events (16).

Michael Phelps Net Worth

What is Michael Phelps net worth?

Net worth	$90 million
Name	Michael Fred Phelps II
Date of birth	June 30, 1985
Occupation	Retired competitive swimmer
Nationality	American

Michael Phelps Net Worth

As of 2024, Michael Phelps net worth is valued at $90 million.

Michael Fred Phelps II is an American former competitive swimmer and the most successful and most decorated Olympian of all time, with a total of 28 medals. Michael Phelps net worth is $90 million.

Early life

Phelps was born in Baltimore, Maryland, and raised in the Rodgers Forge neighborhood of nearby Towson. He attended Rodgers Forge Elementary, Dumbarton Middle School, and Towson High School. Phelps is the youngest of three children.  He graduated from Towson High School in 2003.

Career

n Phelps was in the sixth grade, he was diagnosed with attention deficit hyperactivity disorder (ADHD). He began swimming at the age of seven, partly because of the influence of his sisters and partly to provide him with an outlet for his energy.

By the age of 10, he held a national record for his age group (in the 100-meter butterfly) and began to train at the North Baltimore Aquatic Club under coach Bob Bowman. 

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Phelps’ rapid improvement culminated when he qualified for the 2000 Summer Olympics at the age of 15, as he became the youngest male since Ralph Flanagan in 1932 to make a U.S. Olympic swim team in 68 years. While he did not win a medal, he did make the finals and finished fifth in the 200-meter butterfly.

Phelps also holds the all-time records for Olympic gold medals (23), Olympic gold medals in individual events (13), and Olympic medals in individual events (16). 

When he won eight gold medals at the 2008 Beijing Games, Phelps broke fellow American swimmer Mark Spitz’s 1972 record of seven first-place finishes at any single Olympic Games.

At the 2004 Summer Olympics in Athens, Phelps had already tied the record of eight medals of any color at a single Games by winning six gold and two bronze medals.

At the 2012 Summer Olympics in London, Phelps won four gold and two silver medals, and at the 2016 Summer Olympics in Rio de Janeiro, he won five gold medals and one silver. This made him the most successful athlete of the Games for the fourth Olympics in a row.

Phelps is the long course world record holder in the men’s 400-meter individual medley as well as the former long course world record holder in the 200-meter freestyle, 100-meter butterfly, 200-meter butterfly, and 200-meter individual medley.

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He has won 82 medals in major international long course competitions, of which 65 were gold, 14 silver, and three bronze, spanning the Olympics, the World Championships, and the Pan Pacific Championships.

Phelps’s international titles and record-breaking performances have earned him the World Swimmer of the Year Award eight times and American Swimmer of the Year Award eleven times, as well as the FINA Swimmer of the Year Award in 2012 and 2016.

Phelps earned Sports Illustrated magazine’s Sportsman of the Year award due to his unprecedented Olympic success in the 2008 Games.

Michael Phelps Net Worth

Michael Phelps net worth 2024 is $90 million. He’s one of the highest paid athletes in the world, and most definitely one of the highest paid Olympians of all time.

After the 2008 Summer Olympics, Phelps started the Michael Phelps Foundation, which focuses on growing the sport of swimming and promoting healthier lifestyles. Phelps retired following the 2012 Olympics, but he made a comeback in April 2014.

 At the 2016 Summer Olympics in Rio de Janeiro, his fifth Olympics, he was selected by his team to be the flag bearer of the United States at the 2016 Summer Olympics Parade of Nations.

He announced his second retirement on August 12, 2016, having won more medals than 161 countries. He is widely regarded as the greatest swimmer of all time and is often considered to be one of the greatest athletes of all time.

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Phelps is married to former Miss California USA Nicole Johnson. They secretly married on June 13, 2016, and the marriage was not publicly reported until four months later.

 They met in 2007 at the ESPYs, broke up in 2012, reconciled, and got engaged in February 2015.  They have three sons, Boomer Robert Phelps, born on May 5, 2016, Beckett Richard Phelps, born on February 12, 2018, and Maverick Nicolas Phelps, born on September 9, 2019.

World Records

Phelps has set 39 world records (29 individual, 10 relay), which is more records than any other swimmer that is recognized by FINA; this achievement surpassed Mark Spitz‘s previous record of 33 world records (26 individual, 7 relay).^{[citation needed]} However, Johnny Weissmuller is reported to have broken 67 official world records.

Michael Phelps Net Worth

As of 2024, Michael Phelps net worth is valued at $90 million.