Michael Phelps Net Worth, Records and Daily Routine

American Olympic swimmer Michael Phelps has retired and become one of history's most successful and recognizable athletes. In addition to setting multiple pool records, he built a sizeable net worth from brand endorsements and smart financial choices.

Why is Michael Phelps so famous? He is famous because Twenty-eight Olympic Michael Phelps gold medals, including twenty-three gold, three silver, and two bronze, are among his impressive career achievements. He is the most decorated swimmer with 29 individual records and 33 medals from World Championships. He succeeded in doing so between 2001 and 2009.

In the 200-meter freestyle, 100-meter butterfly, 200-meter butterfly, 200-meter individual medley, and 400-meter individual medley events, Phelps previously held long-course world records.

Michael Phelps Net Worth 2024

Michael Phelps net worth is estimated to be $100 million as of 2024. His remarkable swimming career, intelligent business decisions, and rich brand endorsements have all added to his enormous wealth. Even after giving up professional swimming, Phelps continues to thrive because of many collaborations with respectable companies, which has increased his wealth.

Throughout his long and successful career, Michael Phelps put on excellent performances that helped him earn enormous money. Michael Phelps Olympic medals grants totalling $25,000 for gold medals, $15,000 for silver medals, and $10,000 for bronze medals were given to the most successful Olympian, for a total reward of $640,000.

Is Michael Phelps a Millionaire? Yes, Michael Phelps is a millionaire. His brand endorsements have brought him an estimated $10 million a year. He and longtime coach Bob Bowman run their swimwear company.

Michael Phelps Family and Personal Life

Michael Phelps' wife name is Nicole Johnson. They married secretly on June 13, 2016; their relationship was made public four months later. They first connected during the 2007 ESPYs, broke up in 2008, got back together later, and then broke up again in 2010. They began their healing process in 2012, and in February 2015, they were engaged. Between them, they have four boys. The Phelps and Bowman serve as volunteer assistant coaches for the Arizona State Sun Devils swim team in Paradise Valley, Arizona, where the family lives.

Phelps said, "He changed the sport of basketball," and mentioned Michael Jordan as one of his idols in sports. Phelps, who also supports the Baltimore Ravens, claimed that after meeting Ray Lewis, he discovered his life's purpose and ambition to compete in the 2016 Summer Olympics.

Phelps confessed in January 2018 that he suffered from depression and ADHD and that he thought about suicide during the 2012 Olympics.

Early Life

On June 30, 1985, Michael Fred Phelps was born in Baltimore, Maryland. Phelps grew up in the Rodgers Forge neighbourhood and is the youngest of three children. His mother, Debbie, was a middle school principal, and his father, Fred, was an all-around athlete who worked as a state police officer. Following their parents' 1994 divorce, Phelps and his sisters moved in with their mother, with whom he had a close bond.

When Phelps' two elder sisters, Whitney and Hilary, joined a local swim team, he began swimming. Whitney's career was cut short by injury when she tested out for the 1996 American Olympic squad. At seven years old, Phelps' teachers let him float around on his back because he was still "a little scared" of drowning his head. It should come as no surprise that he learned the backstroke first.

Phelps first had the will to win after watching swimmers Tom Malchow and Tom Dolan compete at the Atlanta Summer Games in 1996. He started swimming at the pool at Loyola High School. He met Bob Bowman, his coach when he began practising at the Meadowbrook Aquatic and Fitness Center's North Baltimore Aquatic Club. Phelps's trainer immediately saw his skill and competitive spirit, and they started an intensive training routine. Phelps was a member of the U.S. National B Team by 1999.

Michael Phelps Records

Phelps holds 20 Guinness World Records, the majority of which are cumulative Guinness World Records for the total number of swimming accomplishments and victories, including the successive medals, the most medals in a single tournament, the most records in swimming, etc. It is the most cumulative Guinness World Record an athlete has ever held.

• The majority of world records in swimming (male)
• Most Olympic golds at one Games (male)
• Most individual swimming Olympic gold medals
• The most significant number of gold medals earned in a single Olympic event (male)
• The most medals won at the World Swimming Championships by FINA
• Most Men's World Swimmer of the Year Awards
• Most Olympic gold medals in team swimming
• Most medals earned at the Olympics for swimming (male)
• The most incredible FINA world records that one person has held
• Most Olympic medals won, Men

Michael Phelps diet and daily Routine

In the 2008 Beijing Summer Olympics, Phelps revealed to NBC that he took 12,000 calories daily to support his five-hour, six-day-a-week training routine to qualify for the Games. His diet was said to be heavy, including whole pizzas and two pounds of pasta.

"Swim, eat, and sleep." All I can do is that. Phelps said, "Get some calories into my system and try to recover as best I can."

However, in June 2017, he made his eating routine clear:

"Don't believe everything you read. The stories were just hilarious. I was probably eating anywhere between like 8 to 10 thousand probably at my peak where I was really growing. Still, it became a job," he said at an event in New York City.

Michael Phelps Awards

Michael Phelps medals holds the records for most Olympic gold medals (23), most in individual events (13), and most in a single game. Phelps competed for the United States in the Olympics in 2000, 2004, 2008, 2012, and 2016. In 2004, The Michael Phelps Way was named after him in his hometown of Baltimore. Phelps was invited to speak before the Maryland Senate and House of Delegates on April 9, 2009, to receive the honour for his Olympic achievements.