Bodybuilders

Phil Heath Net Worth

Published

1 year ago

Jun 25, 2024

Net Worth:	$8 Million
Age:	45
Born:	December 18, 1979
Gender:	Male
Height:	1.75 m (5 ft 9 in)
Country of Origin:	United States of America
Source of Wealth:	Professional Bodybuilder
Last Updated:	Nov 1, 2025

Table of Contents

Introduction

Phil Heath is an American professional bodybuilder and seven-time Mr. Olympia with an estimated net worth of $8 Million

Mr. Olympia Earnings

Year	Place	Prize Money
2011	1st	$200,000
2012	1st	$250,000
2013	1st	$250,000
2014	1st	$275,000
2015	1st	$400,000
2016	1st	$400,000
2017	1st	$400,000
2018	2nd	$150,000
2020	3rd	$100,000
Totals:	-	$2,425,000

Having won Mr. Olympia seven times, Phil Heath is one of the competition’s biggest earners. Since the event is transparent regarding prize money for its competitors, we can get a clear idea of how much Heath earned from his past medals. The competition has rapidly increased the total prize pool over the past two decades, which becomes evident when comparing Heath’s earnings to those of Jay Cutler.

Cutler competed predominantly in the 2000s, a decade before Phil Heath. For his first and only four competition wins, Cutler earned approximately $710,000. For Phil Heath’s first four wins, he secured $975,000 in prize money. In 2015, the competition increased the prize for first place to $400,000, which allowed Heath to earn a combined $1.2 million for his final three wins.

Finally, Heath earned $150,000 for his second-place finish in 2018 and $100,000 for finishing third in 2020. This brings his total earnings from Mr. Olympia to $2.425 million.

Before Wealth & Fame

Before matching Arnold Schwarzenegger in Mr. Olympia wins, Phil Heath attended Rainier Beach High School in Seattle, Washington. Heath played shooting guard for the varsity basketball team, and he helped his team win the state title in 1998.

Thanks to his basketball career, Phil Heath was accepted to the University of Denver on an athletic scholarship. In Denver, he played for the University’s Division I basketball team while studying business administration, averaging 1.3 points in four seasons. Unfortunately, his lackluster performance on the court dashed his dreams of entering the NBA and caused him to spiral into depression.

Bodybuilding Career

In 2002, Phil Heath began his bodybuilding career, and after three years of training, he won the National Physique Committee title. This enabled him to compete as an IFBB professional, and the following year, he won the Colorado and New York Pro Championships.

After placing seventh at the Arnold Classic in 2007, he qualified for the Mr. Olympia contest but decided not to enter, instead opting to focus on improvement. Heath competed in and placed second to Dexter Jackson in the 2008 Iron Man competition and at the Arnold Classic. That same year, he participated in his first Mr. Olympia competition and took home third place.

In 2009, he placed fifth at the Mr. Olympia competition, and in 2010, he placed second at both the Mr. Olympia and Arnold Classic competitions. His first-place win at Mr. Olympia came in 2011, after which he also won the Sheru Classic.

In 2013, he placed first at Mr. Olympia for the second time and won his first Arnold Classic Europe.

A Body Building Champion

Following his 2013 victories, Phil Heath joined The BroMans in a Total Nonstop Action tag-team gauntlet wrestling match. He then accompanied them to the TNA World Tag Team Championship, where they beat James Storm and Gunner.

From 2015 to 2017, Heath took home first place at Mr. Olympia, defending the title six consecutive times. He held on to the title until 2018, when he came in second to Shawn Rhoden, after which he took a hiatus.

That year, he starred in Gifted, a film that documented his training, family, and connections within the bodybuilding community. Heath returned to Mr. Olympia in 2020 but only earned third place behind Brandon Curry and Mamdouh Elssbiay. Despite this, Heath had become one of the richest bodybuilders in the world thanks to his dedication, discipline, and incredible physique.

Recent Work

Most recently, Phil Heath appeared in and produced the film Breaking Olympia: The Phil Heath Story, released in 2024. The film, featuring Dwayne Johnson and Jay Culter, documents Heath’s bodybuilding career and his rise to become the greatest Mr. Olympia winner.

While he hasn’t competed since 2020, Heath has never officially announced his retirement, allowing fans to hope for a comeback. Recent photos of him training on Instagram have only fueled rumors of a return to the stage, although nothing concrete has been confirmed.

Throughout his career, Heath has dedicated himself entirely to mastering his craft and refining his skill set. Check out Phil Heath’s workout routine on our fitness site, Jacked Gorilla.