Michael Phelps Net Worth is $60 Million (as of 2020)
Michael Phelps net worth is 45 million of dollars and he is considered to be the golden boy in swimming and he is the only swimmer in the world that can call him like this. He has won nineteen Olympic gold medals and no other person has ever done that he is unlike everyone else.
|Net Worth:||$60 Million|
|Age:||36 years old|
|Height:||6 ft 3 in (1.93 m)|
|Date of birth:||Jun 30, 1985|
|Nationality:||United States of America|
Michael Phelps net worth increased after Athens Olympics where he won 6 gold and two bronze medals and set the standard for many swimmers. He has achieved things that others can only dream of. In Beijing he has won eight gold medals while putting all of his force in to one thing that he truly likes, swimming.
Due to the fact that he is a famous world swimmer Michael has to look after himself and his physical appearance and state. So his coach Bob Bowman helps him to keep to a strict diet and work out a lot. Also he has to practice a lot in order not to lose his skills, even though he may seem to be born with his ability to be a great swimmer if he would not practice he would not be the first.
People might think that Michael Phelps net worth increased due to his titles, different medals that he won and for participation in different swimming competition and events, but he has also stable income from being a spokesperson or advertising different productions from companies such as Nike and other. Michael Phelps net worth also increased when he was reworded for his achievements in breaking records.
Besides his achievements in sports Michael has created a foundation called by his name that helps young swimmers, boys and girls that want to participate in this kind of sports but may not have enough money. He has also sold some of his swimming caps in auctions that were organized for charity. Michael Phelps net worth helps him to give other people what they need in order to fulfill their dreams of becoming famous in sports.
Michael was born in a family of a teacher and her husband, he also has three sisters and his parents are divorced. He started swimming at the age of seven and at the age of fifteen he became famous as a swimmer when he achieved one competition and won. He also has had some offence for drinking and smoking marihuana and has been named a Casanova after his brake up with his recent girlfriend.
So Michael Phelps net worth is stable and he has income from his carrier as a swimmer, until he does that and is good at it he will not stop gaining money.