Michael Phelps | $ 55 Million
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Michael Phelps Net Worth

United States
Net Worth $ 55 Million
About Quotes Trivia
Born on: 30th Jun 85 Born in: United States Marital status: Single Occupation: Swimmer
Michael  Phelps net worth is estimated at $55 million. There is only one swimmer on the planet that can call himself the "greatest of all time", Michael Phleps who earlier won silver in the men's 200 butterfly final has registered his name in the history books in permanent ink. Michael Phelps wins 17th gold medal in 100 fly in final individual race last night. Ninteen Olympic gold medals- say it again, ninteen Gold Medals and all won by one man unlike any other, Michael Phelps achieves another milestone in human history by winning record 19th medal in men's 4x200m freestyle relay this Oylmpics.   Michael Fred Phelps is an American swimmer who has set great benchmarks in his sport. Winning 16 gold medals in the Olympics- 6 gold and 2 bronze in Athens Olympic, and 8 gold medals in Beijing has established him as a force to reckon with in the swimming world and also as the most successful athlete in the Olympic Games editions. His winning streak in the 2004 Beijing Olympics was phenomenal as he went home with 8 medals. Being a world famous swimmer Phelps follows a special diet and exercise regimen and practices under the supervision of coach Bob Bowman.   Many may think that Phelps' main source of income comes from winning titles at various events but as reported a whooping fraction of Michael  Phelps net worth comes from the rewards of his record-breaking performances. He was paid $1 million on breaking Mark Spitz's record by "Speedo". On the other hand his corporate endorsements and tie-ups with companies like AT&T, Powerbar Omega and Speedo fetches another $5mil in his kitty. The "Wall Street Journal" has quoted Phelps worth as $40 million as to "NIKE".   Not only is Michael Phelps an amazing athlete who takes pride in breaking his own records; he is also the founder of the “Michael Phelps Foundation". The foundation has developed a program called "IM" which has helped in establishing "level field fund-swimming", a living program that provides support to swimmers, especially young boys and girls in need of any financial help and also offers autographed swim caps at several charity auctions through "Caps-for-a-Cause". These acts added a cute charisma to Michael  Phelps net worth. Phelps also provides a range of assorted prizes to those who are in need. Owner of the "Meadowbrook Swim club" and "NorthWest Ice Rink”, Phelps and his coach Bob Bowman wish to convert this property of his to convert into an Olympic training center. Phelps has recently spent a whooping an amount ($1,690,000) on a home overlooking the revitalized Baltimore Harbour front.   Michael Phelps was born to Deborah Sue, a middle school teacher and Michael Fred Phelps in the northwest suburb of Baltimore city. He was the youngest of the three siblings and later moved in with his mother and his two sisters in 1994 after his parents’ divorce. Phelps started swimming at the age of seven, a step which became crucial to Michael  Phelps net worth. He went on to become the youngest ever to qualify for the 2000 Summer Olympics at the age of 15 and then breaking world record in 2001 World Aquatic Championships made him a world famous name. His winning streak often raised a few eye brows. Phelps has also been controversy's favorite child and has been found guilty of a number of offences including drinking and driving and was also seen smoking marijuana. His recent split from Nicole Johnson, girlfriend of less than 1yr has included him in the list of Casanovas.
Family & relationships
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Michael Phelps Estates and Homes (1)

Baltimore Condo

American swimmer Michael Phelps bought this waterfront condominium for a sum of $1.69 million

American swimmer Michael Phelps sold his Baltimore condo to Joseph Nigro, senior vice president of portfolio management and strategy at Exelon Corp., and Melissa Nigrofor $1.25 million which was bought for a sum of $1.69 million in 2007. 

Location - The magnificent condo is located inside the gorgeous Crescent At Fells Point complex in Baltimore, Maryland, USA. Some say that the place is a bit crowded but it seems that Mr Phelps enjoys the atmosphere there.

Accommodation - The condo spreads over an area of 4,080 sq ft and it features 3 bedrooms and 3 full bathrooms. It also has 2 half-sized bathrooms. The four floors of the condo are connected by a wood and steel staircase. The main level living and dining area have hardwood floors that sport a honey color. The two-sided fireplace does look a bit odd but has blended well with the color tone and accents. There is a glass door that opens into a small balcony overlooking a promenade. The home also has floor-to-ceiling windows that overlook the harbor. The kitchen is very sleek looking as it features a large center island with a breakfast bar and cook top grill.

Features - The best feature of the house is the small roof top pavilion which is an ideal place for hosting small parties. There are planter boxes all around and one can get a great view of the city and harbor.

Neighborhood - The Crescent At Fells Point Complex is a reasonably posh area but there is no definite information about the identity of Phelps's immediate neighbors.

The dining hall

The dining hall

Spacious living hall

Spacious living hall

Lobby in front of living hall

Lobby in front of living hall

The kitchen hall

The kitchen hall

Beautiful view of the city from the house

Beautiful view of the city from the house

Michael Phelps Hobbies (1)


Michael Phelps playing Golf

The swimming golden boy, Michael Phelps has a keen interest in golf which explains why he plans the post Olympic career move in Golfing. He also comments "As I enter this next chapter of my life, I think I will be able to shift my competitiveness to anything I put my mind to and golf is one of the things I want to focus on”. 

Michael Phelps Autos and Cars (4)

Cadillac Escalade

Michael owns a Cadillac Escalade which is a luxury SUV sold in the US market

Michael owns a Cadillac Escalade which is a luxury SUV sold in the US market. It is powered by a 6.2 liter V8 engine that delivers 403hp and the gear changes are handled by a six-speed automatic transmission. The full size SUV can seat as many as seven people. The interior of the car is very luxurious with Bose audio system as part of the standard package. We were a bit surprised that Phelps chose Escalade for a luxury SUV as better models were available from GMC and Chevrolet. The main drawback is that the third-row seat is very cramped.

Mercedes-Benz SL63

Michael Phelps is the proud owner of a black colored Mercedes Benz SL63

Michael Phelps is the proud owner of a black colored Mercedes Benz SL63. This new luxury sports car boasts of an aluminum chassis that promises an improved efficiency. The interiors of the car are very impressive with comfortable seats and a generous boot space. The roof can be folded by pulling down the boot divider but that will restrict the amount of space that you can use. The car is powered by a twin-turbo 5.5 liter V8 engine that delivers 564bhp and a torque of 900Nm. The car has a top speed of 186mph and it can go from 0 to 62 in just 4.2 seconds.

BMW 760 Li

The Olympic Gold medalist has a fetish for luxury cars and he enjoys driving his BMW 760 Li

The Olympic Gold medalist has a fetish for luxury cars and he enjoys driving his BMW 760 Li. It is a very big car and some reckon that it is even bigger than Audi R8. The car is powered by a twin-turbo V12 engine that delivers 535bhp. It can travel from 0 to 60 mph in just 4.3 seconds. It has all the standard features that you expect from a BMW car namely two tilt adjustable 8 inches color screens that comes with remote (rear), and infrared night vision camera which is capable of scanning the direction of movement till 300ft and give out prior warning. All the four seats are electronically adjustable and have an individual climate zone.

Range Rover

Michael Phelps is often seen driving a black Range Rover which is heavily customized

Michael Phelps is often seen driving a black Range Rover which is heavily customized. The Range Rover is a premium SUV but it has all the luxury amenities of a luxury sedan. It is a very enjoyable vehicle to drive as per popular perception. The car is powered by a 5.0 liter V8 engine that produces 510hp and is complemented by a six speed automatic transmission. This is the first Land Rover which offers the revolutionary Dynamic Response Suspension System. This feature helps the car to negotiate the twisted roads better. The car has all the standard security features like airbags and electronic crash-prevention aids. The interiors of the car are very luxurious with soft leather seats and the backseat can accommodate two persons. The critics are highly impressed by the car's on-road abilities and it seems that the champion swimmer made a perfect choice in selecting this luxury SUV.

Michael Phelps Holiday Destinations(Getaways) (3)

Hawaii Vacations

Michael Phelps, was spotted with his sweetheart Nicole Johnsonin in Maui, Hawaii

The American swimmer, Michael Phelps, was spotted with his sweetheart Nicole Johnsonin in Maui, Hawaii. They were very intimate with each other and were oblivious to the many onlookers. When the pictures of their holiday were released it was quite evident that Michael Phelps had put on weight.

Location - The couple was spotted in Maui, Hawaii which is a perfect place to spend a summer holiday.

Accommodation - The swimmer and his model girlfriend stayed in a premium five star hotel that had all the luxury amenities that one can think of. The couple was photographed beside the hotel pool while they were taking a sun bath. Michael had a swimsuit on while his girlfriend was spotted in a bikini.

Attractions - Maui is the perfect place to spend your holidays as it boasts some of the most remarkable scenery and long stretches of sandy beaches. The atmosphere is perfect for honeymoons and romantic getaways. The islands also offer challenging golf courses with state-of-the-art facilities. The place also offers a number of adventurous activities like zip lines through forests, kayaking and private swimming holes.

Bahamas Vacation

Vacation in Bahamas

Following his breakup with model Megan Rossee, the world-famous Olympian Michael Phelps jetted off to the exotic holiday destination of the Bahamas in the second week of January 2013. The champion swimmer was accompanied by his group of friends, which also included a bikini clad beauty for the entire duration of his three day long holiday. Phelps didn’t exhibit any remorse over the split with his ex-girlfriend and appeared to be in very healthy spirits while sipping a bottle of champagne. Micheal spent a lot of time tanning his body under the hot sun and went for a short swim in the ocean. Phelps also organized a poolside party for his friends at his hotel and enjoyed dancing with his pals.

Location: The Atlantic Ocean island chain of The Bahamas is located in close proximity to Cuba.

Accommodation: The Bahamas possess more than a dozen high end luxury hotels. Hiring a suite for the weekend at elite hotels of the class of “Bimini Bay Resort and Marina”, “Old Bahama Bay Resort and Yacht Harbour”, “The Cove Atlantis” and “Radisson Grand Lucayan” can cost as much as $12,000 during the peak holiday season. 

 Main Attractions: The Bahamas contains several islands popular with global tourists, out of which the atolls of Grand Bahama, New Providence Island and Paradise Island record the maximum number of visitor footfalls in a year. These islands possess world class infrastructure for popular aquatic sports like paddle boarding, scuba diving and snorkeling. Plenty of vacationers opt for a leisurely stroll along the entire length of the 4km long Cabbage Beach located on Paradise Island in order to view its stunning scenery.

However, no visit to Bahamas is complete without tasting the fantastic seafood on offer.

Enjoys bottle of champagne

Enjoys bottle of champagne

Extremely toned torso

Extremely toned torso

Enjoying the vacations

Enjoying the vacations

Miami Vacation

Vacation in Miami

Michael Phelps took to a beautiful pool at Miami just as a fish would take to water! Though he looked relaxed and on vacation, his visit to the pool in March 2013 is believed to have been part of a shoot for the Haney Project, the golfing reality show. Sporting a beard, the multiple Olympic gold medalist seemed all focused as he ignored the admiring glances all around and went about his swim and shoot in high spirits. Miami is a literal 'hot'spot for vacations with its multiple attractions and a large number of visitors indeed choose to hit the water either in the beaches or in pools!


Miami is located along the Atlantic Coast in southeastern Florida.

Enjoying vacations with friends

Enjoying vacations with friends

Splash in the waves

Splash in the waves

Michael Phelps with fans

Michael Phelps with fans

Michael Phelps Cause (2)

Robert F Kennedy Memorial

He is actively associated with Robert F Kennedy Memorial charity works

Michael Phelps is involved with a lot of charities and philanthropic activities. He is actively associated with Robert F Kennedy Memorial which is otherwise known as RFK Center for Justice and Human Rights. The organization works for the human right movement through support to different human rights defenders and activities. The facility was established in 1988 and since then it has worked tirelessly to uphold the basic human right of different people including refugees from El Salvador.

Michael Phelps Foundation

Michael Phelps launches foundation

In 2008 Michael established the Michael Phelps Foundation with a bonus of $1 million from his long-time partner, Speedo. The foundation promotes healthy and active lifestyles especially for children. The organization extends opportunities so that talented individuals can participate in national and international swimming events. The Michael Phelps Foundation has helped many individuals achieve their dreams and the organization vows to work harder to introduce more programs to help achieve the youngsters reach their goals.

Michael Phelps Brands (4)

Interval-Waterproof Headphone System

Michael Phelps loves listening to music and since he devotes a lot of time to swimming, he relies on his Interval-Waterproof Headphone System

Michael Phelps loves listening to music and since he devotes a lot of time to swimming, he relies on his Interval-Waterproof Headphone System. This sleek accessory can be attached to any swimming goggle. Mike stays motivated during his swimming routine with the help of this hassle-free attachment. The headphone is waterproof till 12 ft and is compatible with the 2nd generation Apple iPod Shuffle. The device can be easily attached to many swim goggles. There is a control pad which will allow the user to navigate the control of the iPod Shuffle. These waterproof headphones have been acoustically engineered to give out high quality clarity. The headphones come in a lovely carrying case.

Dr. Dre STUDIO Headphones

Michael has been seen wearing the Beats headphones by Dr Dre. Beats

Michael has been seen wearing the Beats headphones by Dr Dre. Beats are high definition isolation headphones which are often sported by celebrities. These brand of headphones are created by rap musician Dr. Dre. In all there are six versions of headphones and they are all distributed under the license of Monster Cable Products. The headphones are often seen in different music videos, movies and advertisements. The original version was the over-the-ear type headphones which incorporated a high-power digital amplifier and 2 powerful AAA batteries.

BlackBerry 8800

The ace swimmer relies on his BlackBerry 8800 for communication

The ace swimmer relies on his BlackBerry 8800 for communication, sms and emailing on the go. The BlackBerry is a wonderful communication device that supports push e-mail, mobile telephone, text messaging, internet faxing and web browsing. The BlackBerry 8800 was very popular initially because of its superior email service. Though the initial models had monochrome display, all the present models have color display. BlackBerry 8800 is one of the finest examples of convergent device.

Recharge Energy Suit

Recharge Energy Suit

Is that the technology that is helping the 16-times Olympic gold medalist Michael Phelps’ body fully recovers while he sleeps? The answer is yes. He wears a high-tech compression suit developed by Under Armour. Dubbed as the ‘Recharge Energy Suit’, this full body suit has been especially designed to help the body recover from fatigue after training.  Actually, when one trains or competes, muscles fibers get damaged and take on water, making you sore. Under Armour also claims that the super tight compression fit pushes that water out so muscles recover faster. And, like all other performance fabrics, the Recharge Energy Suit wicks moisture and features anti-odor technology. The renowned swimmer Michael Phelps has been endorsing Under Armour for a couple of years, which is an interesting choice for someone who usually remains shirtless in the pool.

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