Michael Phelps net worth is a question asked by a lot of fans as he is widely regarded as one of greatest athletes of all time. With astonishing 28 Olympic medals to his name, Phelps has set standard in swimming that few can match.
This article by Sports Buddy explores life of Michael Phelps. It covers his early years, education, legendary Olympic career, his retirement, Michael Phelps net worth, family and some fascinating facts about man behind medals.
Background
Michael Fred Phelps II was born June 30 1985, in Baltimore Maryland, to parents Deborah Sue “Debbie” Phelps and Michael Fred Phelps. He grew up in Rodgers Forge neighborhood. He had two older sisters Whitney and Hilary, who were also competitive swimmers.
Phelps’ parents divorced when he was nine. He was raised primarily by his mother who is a middle school principal. Despite challenges of his parents’ separation, Phelps found solace in swimming.
From young age Phelps exhibited natural talent for swimming. His mother enrolled him in swimming lessons at age seven, primarily as way to channel his energy and cope with ADHD diagnosis.
Phelps quickly took to water. It wasn’t long before he was breaking age-group records and gaining recognition as prodigious swimming talent.
Phelps attended Towson High School. He continued to develop swimming skills under guidance of coach Bob Bowman who would become lifelong mentor.
Even in high school, Phelps set records as he drew attention of national swimming community. His dedication to training was evident as he spent hours in pool each day.
He honed technique and built endurance which would later make him dominant force in sport and later rack up Michael Phelps net worth.
Phelps’ early success in swimming came at cost to his academic life. While he was average student, passion for swimming often took precedence over studies. Nevertheless, he managed to balance schoolwork with intense training regimen.
Eventually he graduated from Towson High School in 2003. After high school, Phelps chose to focus entirely on swimming career. He forwent traditional college education in favor of training for Olympics.
Career and Achievements
Michael Phelps’ career is nothing short of legendary. He made Olympic debut at age 15 during 2000 Sydney Olympics. He became youngest male swimmer to represent United States in 68 years.
Although he did not medal in Sydney, he finished fifth in 200-meter butterfly. The experience laid foundation for what would become unparalleled Olympic career.
Phelps’ breakthrough came at 2004 Athens Olympics where he won six gold medals and two bronze medals, setting or breaking several world records in process. His performance in Athens established him as global swimming sensation and marked beginning of his dominance in sport.
The 2008 Beijing Olympics solidified Phelps’ status as legend as he won eight gold medals. This victory broke fellow American swimmer Mark Spitz’s record for most golds in single Olympic Games consequently boosting Michael Phelps net worth.
Phelps’ remarkable achievement highlighted by victories in various disciplines including 100-meter butterfly, 200-meter freestyle and several relays. He often won by slimmest of margins.
In 2012 London Olympics, Phelps added four more golds and two silver medals to his collection. This made him most decorated Olympian of all time with total of 22 medals.
He initially retired after London but pull of the pool was too strong. Phelps returned for 2016 Rio Olympics, where he won five gold medals and one silver. This brought his total Olympic medal count to 28 including 23 golds.
When and Why Michael Phelps Retired
Michael Phelps officially retired after 2016 Rio Olympics capping off career that spanned five Olympic Games. Decision to retire was influenced by several factors which included physical toll that years of competitive swimming had taken on his body.
There was also a desire to focus on family and personal life. Phelps had previously retired after 2012 Olympics, but he returned in 2014. He was motivated by unfinished business and renewed passion for sport.
His retirement was also partly driven by ongoing struggles with mental health. Phelps has been open about battles with depression and anxiety. This was particularly true after 2012 Olympics where he experienced a period of deep emotional turmoil.
Decision to retire allowed him to prioritize mental health. He aimed to advocate for greater awareness of mental health issues in athletic community which is a selfless act considering Michael Phelps net worth.
Michael Phelps Net Worth
As of 2024 Michael Phelps net worth is estimated to be around $80 million. His wealth comes from various sources including prize money, sponsorships endorsements and media appearances.
Phelps has had endorsement deals with major brands like Speedo, Under Armour Omega, Visa and Kellogg’s among others. These lucrative deals significantly contribute to his financial success.
Michael Phelps net worth extends beyond endorsements. He has made strategic investments in various ventures which includes his swimwear line MP.
Another is his involvement in Michael Phelps Foundation, which promotes water safety and healthy living. The foundation has been a significant part of Phelps’ post-swimming career. It allows him to give back to sport and community.
Michael Phelps Family and Relationships
Michael Phelps married Nicole Johnson former Miss California USA, in 2016. The couple has three sons: Boomer Robert Phelps born in 2016; Beckett Richard Phelps, born in 2018; and Maverick Nicolas Phelps born in 2019.
Phelps is devoted family man. He often shares glimpses of his life with his wife and children on social media
Phelps’ relationship with Johnson has been source of stability and support, particularly during his struggles with mental health. The couple’s bond is evident in their public appearances.
They navigate challenges of life in public eye. Phelps has often credited his family particularly his wife, for helping him find balance and purpose beyond swimming
Interesting Facts About Michael Phelps
One fascinating aspect of Michael Phelps’ life is diet particularly during peak training years. Phelps was known for consuming astonishing 12000 calories a day. This was a necessity given grueling training regimen he followed.
His daily intake included large amounts of pasta, pizza and eggs. It also included energy drinks and protein shakes. Phelps’ diet became stuff of legend often highlighted as example of extreme demands placed on elite athletes.
Beyond physical prowess, Phelps has become prominent advocate for mental health awareness. His openness about struggles with depression and anxiety has helped break down stigma surrounding mental health in sports.
Phelps has worked with organizations like Boys & Girls Clubs of America. He also collaborates with Child Mind Institute to promote mental well-being and support those facing similar challenges
Phelps’ success in pool can be attributed to unique physiology and impeccable technique. He has wingspan of 6 feet 7 inches which is longer than his height of 6 feet 4 inches. It gives him significant advantage in water.
His double-jointed ankles and flexible knees allow for incredibly powerful kick. His ability to stay underwater longer than most swimmers is also a key factor in his dominance. This is particularly true in butterfly events.
