Michael Phelps Net Worth 2020

Michael Phelps is an Olympic Gold winner who is one of the most successful swimmers in the world, who has won 28 Olympic Medals. He holds a record for winning 23 Olympic Gold Medals. He has also won several Pan Pacific Championships and World Championships in his career. Now let’s have a close look at Michael Phelps Net Worth!

Early Life

Michael Phelps Net Worth

Michael Phelps Net Worth

Michael Fred Phelps was born in 1985 on 30th June into Deborah Phelps and Michael Fred Phelps in Baltimore USA. He completed his schooling from Towson High School. Later he joined the University of Michigan to complete his graduation.

Michael Phelps started swimming at an early age, which helped him develop his expertise under the water. Bob Bowman has trained him since his childhood. He married his long-term girlfriend and 2010 ‘Miss California USA’ Nicole Johnson in 2016. The couple has a beautiful son named Boomer Robert Phelps together.

Michael Phelps has faced his share of controversies, in 2004 he was arrested in a Drunk and drive case for which he was sentenced to 18-months probation. In 2009, a picture of Michael Phelps using a bong went viral, which result in him losing his sponsorship with Kellogg Company.

He also suspended for the USA swimming for three months. In 2014, he was again arrested for speeding and drunk driving, for which he was suspended from USA Swimming for six months. Due to this, he was unable to participate in the World Aquatic Championship, which was held on 2015 August.


Michael Phelps started his career officially in 2000 by participating in the 2000 Sydney Olympics. Later he participated in the 2001 World Championship and won Gold in 200 m Butterfly. This sparked his career, and the following year, he won 3 Gold and two silver medals in 2002 ‘Pan Pacific Championship.’

Apart from representing the USA in World Championships and Olympics, he also plays for a private club called North Baltimore Aquatic Club. He is still trained by his childhood coach Bob Bowman. He is known for using differing strokes like freestyle, individual medley, backstroke, and butterfly in his swimming style.

In 2012, he first announced his retirement, claiming to be done with swimming. However, he made a comeback in 2014 and won 3 Gold medals in Pan Pacific Championship that year. In 2008, Michael Phelps was accused of using drugs to enhance his performance. Several media channels were speculating whether the Olympic Champion is a product of drugs as he was becoming too good of a swimmer to be real.

Awards & Achievements

Michael Phelps has won 28 Olympic medals, including 23 Gold Medals, 3 Silver Medals, and 2 Bronze Medals. He has also won gold medals in tournaments like ‘Pan Pacific Championship,’ ‘World Championships,’ and ‘World Aquatics Championships,’ etc. In 2008, he was named as the ‘Sportsman of the Year’ by the US Sports Illustrated magazine.

Net Worth & Salary of Michael Phelps

Michael Phelps has an estimated net worth of over $65 million. He made most of his net worth through his wins in the Olympic Games. This helped him in becoming a household name and face, which helped him earn a lot of advertisement deals.

Michael Phelps is one of the most famous swimmers in the world. He is an inspiration for all the young athletes who aspire to become Olympic winners. Michael Phelps can be considered as a legend. It is humanly exquisite and astounding to see him swim. The gold champion can stay under the water for a good minute without blinking an eye. His fans often compare his to a merman, like the way he swims is unmatchable by any other human being.