Michael Phelps Net Worth

Michael Phelps

Total assets: $55 million (since August 2016).
Year of birth: 1985.
Education and learning: University of Michigan.
Just how Michael Phelps' total assets was constructed.

Michael Phelps' total assets is approximated to be about $55 million, making him among the wealthiest professional athletes at the 2016 Summer Olympics in Rio de Janeiro. Gold medals as well as financially rewarding recommendations aided construct his riches. He liquidated the Rio Games with a life time overall of 28 medals-- 23 gold, 3 silver and also 2 bronze.

The United States Olympic Committee honors champions $25,000 for gold medals, $15,000 for silver and also $10,000 for bronze. Recommendation offers with firms consisting of Under Armour as well as Visa make up the bulk of Phelps' earnings. His swimming competitors have actually generated regarding $1.9 million, inning accordance with website Money Nation. Recommendation offers have actually generated an approximated $94 million.

Phelps began swimming at age 7 as well as initially completed in the Olympics at age 15. He really did not end up being a mega-star up until the 2004 Olympic Games in Athens, Greece, where he won 8 medals (6 gold). He won 8 gold medals at the 2008 Beijing Games, establishing a document for the most golds won at a solitary Olympics. His medal matter got to 22 at the 2012 Olympics in London, where he took house 4 golds. He introduced he would certainly be retiring after the 2012 Olympics however eventually determined to contend in the 2016 Games.

Usage Bankrate's total assets calculator to see just how you compare to Phelps.

Just what he's up to currently.


Phelps ended up the 2016 Olympics by damaging an old document. Phelps won his 13th private gold medal, going beyond a mark established by Leonidas of Rhodes in 152 B.C. Phelps revealed he will not contend in the 2020 Olympics in Tokyo.

Phelps has actually additionally created 2 publications and also co-founded a not-for-profit company, Swim With destiny.

Distinctions.


Phelps is one of the most embellished Olympian of perpetuity. He holds globe documents for the 100-meter butterfly (49.82), the 200-meter butterfly (1:51.51), the 400-meter private collection (4:03.84) and also the 4 × 100-meter and also 4 × 200-meter relays.

Michael Phelps' web well worth is approximated to be about $55 million, making him one of the wealthiest professional athletes at the 2016 Summer Olympics in Rio de Janeiro. Recommendation bargains with business consisting of Under Armour as well as Visa make up the bulk of Phelps' earnings. Phelps began swimming at age 7 as well as initially completed in the Olympics at age 15. He won 8 gold medals at the 2008 Beijing Games, establishing a document for the most golds won at a solitary Olympics.

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