How Rich is Michael Phelps? In Details About His Net Worth, Earnings and Sponsorships (2024)

Michael Phelps, a retired American Olympic swimmer, is recognized as one of the highest-paid athletes of all time. With an estimated net worth of $100 million, Phelps has achieved remarkable success both in and out of the pool. His extraordinary career includes winning an astounding 28 Olympic medals, with 23 of them being gold, making him the most decorated Olympian in history.

Born in Baltimore, Maryland, Phelps combined his studies in sports marketing and management at the University of Michigan with his rigorous training for the Summer Olympics.Phelps's exceptional talent and remarkable achievements have secured him numerous accolades and endorsem*nts. He has been associated with prominent brands such as Under Armour, Omega, Visa, and Subway, further elevating his financial success.

Michael Phelps Net Worth

Michael Phelps, a retired American Olympic swimmer, and corporate endorser, has amassed an estimated net worth of $100 million. As the most decorated Olympic athlete in history, Phelps has achieved unparalleled success in the world of swimming, capturing a remarkable 28 Olympic medals, including an astonishing 23 gold medals. Born in Baltimore, Maryland, he attended Towson High School before embarking on his journey to become a swimming sensation.

How Rich is Michael Phelps? In Details About His Net Worth, Earnings and Sponsorships (1) Michael Phelps has an estimated net worth of $100 Million.SOURCE: Instagram- @m_phelps00

While pursuing his Olympic dreams, Phelps balanced his training with academic pursuits. He attended the University of Michigan, where he studied sports marketing and management, showcasing his dedication not only to the pool but also to his education. This dual focus allowed Phelps to hone his skills both as an athlete and as a strategic marketer, setting the stage for his future success.

Over the years, Phelps' net worth has witnessed notable growth. With reported net worth figures of $79 million in 2022, $67 million in 2020, and $57 million in 2018, his financial success has been propelled by his unparalleled swimming prowess and his strategic partnerships with renowned brands. Michael Phelps stands as an iconic figure not only in the realm of swimming but also in the world of corporate endorsem*nts, cementing his status as a highly accomplished and prosperous athlete.

Michael Phelps Earnings

Michael Phelps has solidified his status as the most successful and decorated Olympian of all time. Across his illustrious career spanning over four Olympic Games, Phelps has amassed an extraordinary total of 28 medals, including a staggering 23 gold medals. He has participated in five Olympics, with his initial appearance in Sydney, Australia, where he did not secure a medal.

Phelps is renowned for his remarkable expertise in butterfly swimming, although he also excels in individual medleys and the 100 and 200-meter freestyle events. His journey to greatness truly took flight at the Athens Olympic Games in 2004, where he showcased his dominance by clinching an astonishing six gold medals and two bronze medals. Right from the onset, Phelps demonstrated his prowess by triumphing in the grueling 400-meter individual medley event, setting a record time.

As his career progressed, Phelps continued to expand his repertoire and prove his versatility across various swimming disciplines. He demonstrated his mastery not only in butterfly strokes but also in freestyle, backstroke, and individual medleys, focusing on the shorter distances of middle-distance swimming.

At the 2012 Summer Olympics in London, Phelps added four gold medals and two silver medals to his ever-growing collection. In a remarkable display of consistency, he went on to secure five gold medals and one silver medal at the 2016 Summer Olympics in Rio de Janeiro, solidifying his position as the most successful athlete of the Games for the fourth consecutive Olympics.

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Michael Phelps Sponsorships

Throughout his illustrious career, Michael Phelps has established himself as a sought-after brand ambassador, securing endorsem*nt deals with numerous companies. He has lent his name and image to various brands, promoting their products and services to a global audience.

How Rich is Michael Phelps? In Details About His Net Worth, Earnings and Sponsorships (2)Michael Phelps promoting mattress brand. SOURCE: Instagram- @m_phelps00

Some notable brands that Phelps has endorsed include Subway, Visa, Speedo, PowerBar, Under Armour, AT&T, Intel, Wheaties, Beats by Dre, Radio Shack, Call of Duty, Corn Flakes, Hilton,, Louis Vuitton, KRAVE Jerky, Aqua Sphere, Omega watches, Master Spas, Head & Shoulders shampoo, Kellogg's, and Colgate, among others. Phelps' list of corporate sponsorships is extensive, and he is a familiar face in commercials and worldwide advertising campaigns.

Phelps' success in the pool and his unprecedented achievements have made him an appealing figure to advertisers. Following his historic feat of winning eight Olympic gold medals in 2008, Phelps reportedly earned a staggering $75 million in advertising and sponsorship deals. His exceptional performance and widespread popularity allowed him to secure lucrative partnerships and endorsem*nt contracts with top brands, contributing significantly to his financial success.

In addition to his endorsem*nt deals, Phelps has also ventured into partnerships and investments. He has collaborated with Aqua Sphere, a leading swimwear and equipment brand, and has become an equity investor in Talkspace, a mental health startup. These partnerships showcase Phelps' diverse interests and his desire to align himself with brands and initiatives that resonate with his personal values.

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Michale Phelps Stats

Michael Phelps has solidified his position as the most successful and decorated Olympian in history, accumulating a remarkable total of 28 medals across four Olympic Games, including a staggering 23 gold medals. Notably, he holds multiple all-time records, including the most Olympic gold medals (23), the most Olympic gold medals in individual events (13), and the most Olympic medals in individual events (16). Phelps' unparalleled achievements in the pool have made him a legendary figure in the world of swimming.

How Rich is Michael Phelps? In Details About His Net Worth, Earnings and Sponsorships (3)Michael Phelps stands at 6 feet 4 inch.SOURCE: Instagram- @m_phelps00

Beyond his Olympic triumphs, Phelps has also made notable contributions to other sports arenas. In his brief foray into basketball, he played 132 games in the NBA, averaging 3.6 points, 1.1 rebounds, and 1.0 assists. While his basketball career didn't reach the same heights as his swimming accomplishments, it showcases his versatility and willingness to explore different athletic pursuits.

Phelps' dedication to physical fitness is evident in his impressive physical capabilities. He could perform an astounding 34 consecutive pull-ups, demonstrating the strength and endurance required in swimming. Additionally, his exceptional physiological profile is highlighted by his remarkably low lactate levels compared to other elite swimmers and the general population. Phelps' legacy also includes setting the world record in the 400-meter individual medley (IM), a mark that still stands today.

How Rich is Michael Phelps? In Details About His Net Worth, Earnings and Sponsorships (2024)


How Rich is Michael Phelps? In Details About His Net Worth, Earnings and Sponsorships? ›

Michael Phelps 2023 Net Worth. Michael Phelps' net worth is an estimated $100 million. In terms of endorsem*nts, the swimmer's performances at the Olympic Games earned him some brilliant deals like Subway, Under Armor, Omega, Visa, Speedo, and AT&T.

How rich is Michael Phelps? ›

Net Worth Overview

As of 2024, Michael Phelps' estimated net worth stands at an impressive $100 million. This substantial wealth is a result of his extraordinary swimming career, savvy business investments, and lucrative brand endorsem*nts.

How much did Michael Phelps make in endorsem*nts? ›

Endorsem*nts. One article I found estimated that Phelps' career earnings totaled $96 million, with $94 million of that number coming from endorsem*nts. Phelps signed his first business deals after the 2004 Athens games, where he won 6 gold and 2 bronze medals.

Who is the richest swimmer? ›

5 richest swimmers boast $142M collective net worth
  1. Michael Phelps. Michael Phelps in 2023. ...
  2. Mark Spitz. Mark Spitz in 2017. ...
  3. Sarah Sjöström. Sarah Sjöström won two gold and one silver medals at the Doha 2024 World Aquatics Championships in February 2024. ...
  4. Katie Ledecky. ...
  5. Caeleb Dressel.
May 30, 2024

What is Michael Phelps doing now in 2024? ›

By Steve Coulter • Published June 22, 2024

Out of the pool and into the broadcast booth once more. That's right, 23-time gold medal-winning swimmer Michael Phelps is returning to NBCUniversal this summer and heading to Paris to work both daytime and primetime coverage at the 2024 Olympic Games.

What's Michael Phelps 50 free time? ›

Personal Best Results
Men 400 Medley04:03.84 WRGold
Men 50 Freestyle22.93-
Men 4x100 Freestyle Relay03:08.24 WRGold
Men 4x200 Freestyle Relay06:58.55 WRGold
29 more rows

How much is a Michael Phelps gold medal worth? ›

It is estimated that Michael Phelps' Olympic gold medals could sell for at least $100,000 each, with certain medals worth much more than that, like his record-breaking 8th gold medal from the 2008 Olympic Games. Some Olympic gold medals have also been auctioned off for charity in the past.

Who is the wealthiest Olympian? ›

World's Richest Olympians 2024: Here are the 10 wealthiest Olympic stars - Caitlyn Jenner net worth
  1. Anna Kasprzak. With a fortune estimated at around $1 billion, Anna Kasprzak is by quite some distance the world's richest olympian. ...
  2. Michael Phelps. ...
  3. Usain Bolt. ...
  4. Shaun White.
May 30, 2024

Why did Michael Phelps lose endorsem*nts? ›

In 2009, Olympic swimming superstar Michael Phelps lost a significant sponsorship agreement and was barred from competing for three months after being caught using marijuana. After the photograph went viral, the Kellogg Company cut off ties with champion swimmer Michael Phelps.

Is Michael Phelps sponsored by Nike? ›

Phelps was wearing Nike sportswear since he had reached the shoot venue after a USOC appearance. USOC and Nike had a partnership deal and since Team USA and USOC were associated, all the athletes had to don Nike. But, there was a problem, Phelps was an UnderArmor-sponsored athlete.

Who is the best male swimmer of all time? ›

Michael Fred Phelps II OLY (born June 30, 1985) is an American former competitive swimmer. He is the most successful and most decorated Olympian of all time with a total of 28 medals.

What is Usain Bolt's net worth? ›

The proud owner of eight Olympic golds and 19 Guinness World Records, Usain Bolt has turned speed into a highly lucrative franchise. According to CelebrityNetWorth's estimate, Usain Bolt's net worth is around $90 million.

What does Michael Phelps do now for a living? ›

After revealing the lifelong struggles he faced with depression and ADHD throughout his life, Phelps currently works as a mental health advocate and is frequently involved in philanthropic efforts. And aside from a few appearances here and there, he has mostly kept out of the public eye.

What is Michael Phelps' famous quote? ›

"You can't put a limit on anything. The more you dream, the farther you get."

How does Michael Phelps earn money? ›

How much money has Michael Phelps earned throughout his career? Michel has earned an estimated $100 million: about $9.3 million annually from his swimming career, $10 million annually from brand endorsem*nts and over $75 million from sponsorships. Phelps also made money from winning Olympic medals (Prize money).

Which Olympian is the richest? ›

That's why we're not including the likes of golfers, tennis players, basketball players or footballers.
  1. Anna Kasprzak. With a fortune estimated at around $1 billion, Anna Kasprzak is by quite some distance the world's richest olympian. ...
  2. Michael Phelps. ...
  3. Usain Bolt. ...
  4. Shaun White.
May 30, 2024

Who is the richest Olympic athlete in the world? ›

Cristiano RonaldoPOR$450M (The Richest, 2019)
Michel de CarvalhoGBRMulti-millionaire himself, married to Heineken heiress Charlene ($15.9B, Forbes, 2019)
Oscar De La HoyaUSA$200M (The Richest, 2019)
Novak ĐokovićSRB$130M (The Richest, 2019)
47 more rows

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