Michael Phelps Net Worth

How much is Michael Phelps net-worth?

Micheal Phelps is a yank Olympic swimmer and the most decorated Olympic athlete of all time. He has the net-worth of $60 million bucks. As of this writing, Phelps has won twenty-eight Olympic Gold Medals and is taken into account by several to be the best swimmer of all time.
Phelps began swimming at the age of seven and as growing adult quickly, he recognized his talent. He tried out for and created the U.S. Summer Olympic Team in 2000 once he was solely fifteen years previous. Phelps smashed the record set by Mark Spitz for many Gold Medals won in an exceedingly single athletics competition once he won an interesting eight Gold Medals (Spitz had won seven) at the 2008 Beijing Olympics.

Medals, Achievements & Earnings

As being the Top Olympic Athletes, he receives a bonus for earning medals, the United States Olympic Committee pays $25,000 for each gold medals, $15,000 for silver & $10,000 for bronze. Phelps holds dozens world swimming records. Many that believe he hasn't even scraped the surface of his talent which, once finally done, he can have broken more records, a number of that presently belong to him. In his initial 2 athletics games, Phelps won seventeen medals as well as six gold and 2 silver at Athens and eight gold in Beijing Olympics. The success didn’t stop there for Michael, the 2012 London Olympics gained him another four gold medals and 2 silver medals, and he attained a purported $12 million in support annually, within the years following the games.
At the 2016 Rio games, archangel Phelps took home five gold medals and one medallion. Due to his success, archangel has enjoyed one in all the foremost moneymaking post-Olympics careers in yank history. He has dozens of sponsors and seems in commercials throughout the year. Even in non-Olympics years, he earns tens of uncountable bucks.
Michael attained the net amount of $7 million annually within the years following Beijing, primarily from sponsorship and endorsements. A life of his celebrity charm is often seen within the $100,000 he was paid in 2008 to swim some laps at a celebration.

Early life & Education

Phelps was born on June 30, 1985, in Baltimore, Maryland, U.S. He attended Rodgers Forge Elementary, Dumbarton lycee, and Towson high school. Phelps is that the youngest of 3 kids. His mother, Deborah Sue "Debbie" Phelps, could be a lycee principal. His father, Fred Phelps, could be a retired Maryland police officer United Nations Agency, compete for soccer in high school and school and also tried out for the Washington Redskins within the Seventies. Phelps is of English, German, Irish, Scottish, and Welsh descent. His parents unmarried in 1994, once he was 9 years recent, and his father remarried in 2000. He graduated from Towson high school in 2003.

Mansion, Cars & Its net-worth

His marvelous mansion in Baltimore, Maryland, USA, is the net worth of $1.69 million bucks. Phelps BMW 760 Li car is around net-worth of $74,000 to $141,200. His car also known as Cadillac Escalade holds a net worth of $72,970-94,875. He bought his Mercedes-Benz SL63 car for $218,475. Phelps also has his Range Rover car which net worth is in between $83,495 to $186,495.