What is Michael Phelps’ Net Worth, the Most Successful Olympian Ever?

Michael Fred Phelps II is an American who used to swim competitively. He was born on June 30, 1985. With a total of 28 medals, he is the most successful Olympian of all time and the one with the most awards.

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

When Phelps won eight gold medals at the 2008 Beijing Olympics, he beat Mark Spitz’s record of seven first-place finishes at a single Olympic Games, which Spitz had set in 1972.

Phelps won six gold medals and two bronze medals at the 2004 Summer Olympics in Athens. This tied the record for most medals won at a single Olympics.

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

Continue reading to learn more about Michael Phelps’s net worth, his early life, his personal life, and more.

Michael Phelps Early life

Phelps was born in Baltimore, Maryland, and grew up in the nearby town of Towson in the Rodgers Forge neighborhood. He went to elementary school at Rodgers Forge, middle school at Dumbarton, and high school at Towson.

 

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Phelps is the third and last child. His mother is a middle school principal. Her name is Deborah Sue “Debbie” Phelps, but she used to be Davisson. Michael Fred Phelps, his father, is a retired Maryland State Trooper who played football in high school and college.

In the 1970s, he tried out for the team that is now called the Washington Commanders. Phelps has roots in England, Germany, Ireland, Scotland, and Wales. When he was nine years old, his parents got a divorce. His father remarried in 2000.

Phelps later said that the divorce had a big effect on him, his siblings, and his relationship with his father. For a few years after the divorce, Phelps was not close to his father. He went to Towson High School and got his diploma in 2003.

Phelps started swimming when he was seven, partly because his sisters pushed him to do so and partly because it gave him a way to use up his energy.

After retirement in 2016, he stated “The only reason I ever got in the water was my mom wanted me to just learn how to swim. My sisters and myself fell in love with the sport, and we decided to swim.”

Phelps was diagnosed with Attention Deficit Hyperactivity Disorder when he was in the sixth grade (ADHD). At age 10, he had a national record in the 100-meter butterfly for his age group.

He then started training at the North Baltimore Aquatic Club with coach Bob Bowman. More age group records followed, and as of August 21, 2018, Phelps still held 11 age group records, eight in the long course and three in the short course.

What is the Net Worth of Michael Phelps in 2022?

Phelps started the Michael Phelps Foundation after the 2008 Summer Olympics. The foundation’s goals are to grow the sport of swimming and encourage people to live healthier lives. Phelps quit swimming after the Olympics in 2012, but he came back in April 2014.

Michael Phelps Net Worth in 2022
Michael Phelps Net Worth in 2022

At the 2016 Summer Olympics in Rio de Janeiro, which was his fifth Olympics, his team chose him to carry the American flag in the Parade of Nations. Celebrity Net Worth and other reputable sites say that Michael Phelps will be worth $100 million in 2022.

Michael Phelps Personal life

Bob Bowman said that before a race, Phelps was “a solitary man” with a “rigid focus” at the pool, but after the race, he was “a man incredibly invested in the success of the people he cares about.”

He says that Phelps is “unbelievably kind-hearted” when he talks about how he talks to young kids after practices. Phelps is married to Nicole Johnson, who used to be Miss California USA.

 

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They got married in secret on June 13, 2016 and the news didn’t get out until four months later. They met at the ESPY Awards in 2007, broke up in 2012, got back together, and then got engaged in February 2015.

Together, they have three sons. The family lives in Paradise Valley, Arizona, and Phelps helps Bowman coach the Arizona State Sun Devils swim team as an assistant coach.

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