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Michael Phelps Net Worth

Dan Western



Michael Phelps Net Worth

What is Michael Phelps’ net worth?

Net Worth:$80 Million
Born:June 30, 1985
Country of Origin:United States of America
Source of Wealth:Professional Swimmer
Last Updated:2021


As of 2021, Michael Phelps’ Net Worth is approximately $80 million.

Michael Phelps is a former American swimmer and the most decorated Olympian of all time, with a total of 28 medals. In fact, if someone asked you to name several professional swimmers, Phelps would most likely be the first name anybody would say.

He’s one of the highest paid athletes in the world, and most definitely one of the highest paid Olympians of all time.


Early Life

Michael Phelps was born on the 30th June, 1985, in Baltimore, Maryland. He attended Rodgers Forge Elementary, Dumbarton Middle School, and Towson High School.

He has two siblings, who are both older than him. His mother Deborah is a middle school principal, and his father Michael is a retired Maryland State Trooper.

Swimming first became a part of Phelps’ life when he was 7 years old. This was majorly due to the influence of his sisters and to provide him with an outlet for his energy.

When Phelps was in the sixth grade, he was diagnosed with ADHD. By the age of 10, he held a national record for his age group in the 100-meter butterfly, and began to train at the North Baltimore Aquatic Club under coach Bob Bowman.



At only 15 years old, Michael Phelps qualified for the USA Olympic team in the 2000 Summer Olympics. Phelps was the youngest person to qualify for the team in 68 years.

In 2001, Phelps broke the world record for the 200-meter butterfly in the World Aquatics Championship Trials. That day he made history, becoming the youngest male ever to set a swimming world record.

At the 2003 World Aquatics Championships, Phelps won four gold medals, two silver medals, and broke five world records.

Phelps also holds the all-time records for Olympic gold medals, Olympic gold medals in individual events, and Olympic medals in individual events.

In winning eight gold medals at the 2008 Beijing Games, Phelps broke fellow American swimmer Mark Spitz’s 1972 record of seven first-place finishes at any single Olympic Games.

At the 2012 Summer Olympics in London, Phelps won four gold and two silver medals, and at the 2016 Summer Olympics in Rio de Janeiro, he won five gold medals and one silver.

As of 2021, Michael Phelps’ net worth is $80 million.



Here are some of the best highlights of Michael Phelps’ career:

  • James E. Sullivan Award (2003)
  • Best US Male Olympian ESPY Award (2005, 2009, 2013)
  • Associated Press – Male Athlete of the Year (2008)
  • Sports Illustrated Sportsperson of the Year (2008)
  • Best Male Athlete ESPY Award (2009)
  • Best Moment ESPY Award (2009)
  • Best Record-Breaking Performance ESPY Award (2009. 2013)
  • BBC Sports Personality of the Year Lifetime Achievement Award (2016)
  • Laureus World Sports Award for Comeback of the Year (2017)


Favorite Quotes from Michael Phelps

“You can’t put a limit on anything. The more you dream, the farther you get.” – Michael Phelps

“I think that everything is possible as long as you put your mind to it and you put the work and time into it. I think your mind really controls everything.” – Michael Phelps

“If you want to be the best, you have to do things that other people aren’t willing to do.” – Michael Phelps

“I won’t predict anything historic. But nothing is impossible.” – Michael Phelps

“Swimming is normal for me. I’m relaxed. I’m comfortable, and I know my surroundings. It’s my home.” – Michael Phelps

“I have the opportunity to be part of swimming history. To take the sport to a new level would be an honor for me. There’s no better time to try this than now.” – Michael Phelps

View our larger collection of the best Michael Phelps quotes!


Michael Phelps Motivational Video

3 Keys to Success from Michael Phelps

Now that you know all about Michael Phelps’ net worth, and how he achieved success; here are 3 success lessons we can all learn from Michael Phelps:


1. Prepare for Success

Phelps is a beast when it comes to preparation. He trains everyday, and for long periods of time. He also used to eat a 12,000 calorie diet everyday to keep him fuelled for training.

Preparation is key. You have to prepare for success. It won’t just come to you.


2. You’re Never too Young

Michael Phelps was the youngest person to make the Olympic team in 68 years; he was also the youngest male ever to break a world record.

You’re never too young, so don’t let age stop you from going after your dreams.


3. Announce Your Goals Publicly

Phelps has always been very bold in the past about his goals, and was never afraid to admit them to others, no matter how ambitious or optimistic they were.

He also achieved said goals.

Let that be a lesson, to never be afraid of stating your goals to others!



Michael Phelps is one of the highest paid athletes of all time, with a total net worth of $80 million. He is now retired and has gone down in history as the most successful Olympian of all time.

What do you think about Michael Phelps’ net worth? Leave a comment below.

Dan Western is the founder of Wealthy Gorilla. Dan has been running Wealthy Gorilla and studying self-development, personal finance and investment for the last 7 years, whilst traveling the world and being able to call Bali, Indonesia, his HQ. To this day, Wealthy Gorilla has become one of the fastest growing self-development sites in the world; with over 160 million views worldwide, and more than 200,000 followers on social media. Dan's mission is simply, to inspire others to live their dreams and be the person to whom they say; "Because of you, I never gave up."

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