It’s not every day that someone gets nicknamed “The Flying Fish”. Michael Phelps remains one of the most celebrated and revered athletes of the decade. His persistence and his drive to be the best has successfully cemented his name in the books of history as an overachiever. The only Olympian with the most number of gold medals, Michael Phelps is also credited with breaking over 39 world records in his career spanning 16 years.
His winnings and his performances witnessed by the world has inspired an entire generation of future swimmers to not only achieve the best but be the best. Apart from his athletic achievements, Michael has also authored two books and is heavily involved with several charities. Keep on reading to know more about the net worth of Michael Phelps in 2018.
Early life and Biography
Michael Phelps, named Michael Fred Phelps II at birth, was born on the 30th of June, 1985 in Baltimore, Maryland to Deborah Phelps and Michael Phelps. His mother, Debbie, is an educationalist and his father, Michael is a retired police officer. Michael Phelps was largely raised in Towson along with his sisters, Whitney and Hilary Phelps. Michael and his sisters grew up learning swimming, Hilary being the first out of the bunch to take the first swimming lesson. It became sort of a family tradition with Michael taking up his first swimming lesson 7 years later. He attended Towson High School and graduated in the year 2003. He showed a knack for swimming already breaking national records by the time he was 10 years old. He started training under one of the best coaches, Bob Bowman who saw his potential and capability as a top swimmer and an athlete.
Michael Phelps has been described by his friends and family as a “loner” or a “solitary being” who’s extremely disciplined towards his career. On the 13th of June, 2016, Michael Phelps exchanged wedding vows with Nicole Johnson. The pair met in 2007 and went through an on and off relationship till they got married. The pair have 2 children, Boomer Robert Phelps, born on the 5th of May, 2016 and Beckett Richard Phelps, born on the 12th of February, 2018. Michael Phelps resides in Paradise Valley, Arizona along with his wife and children.
Career, Awards, and Nominations
Michael Phelps ventured into his career with the 2000 Summer Olympics held in Sydney, Australia. He was only 15, making him the youngest male to partake in the US swim team. He made into the finals and ranked 5th in the 200 meter men’s butterfly event. At the 2001 World Championships, he set a new record in the men’s 200m butterfly at 1:54:58. At the 2002 Pan Pacific Championship held in Yokohama, Japan, he won three gold medals and 2 silver medals in the 400m medley, 200m medley, 4x100m medley and silver in the 200m butterfly and 4x200m freestyle.
The 2003 World Aquatics Championship, only strengthened his winning streaks. Michael Phelps won 4 gold, 2 silver and broke five world records. At the 2004 Summer Olympics held in Athens, Greece, he won 6 gold medals and 2 bronze setting a new world record time of 4:08.26 in the 400m individual medley. At the 2005 World Aquatics Championships, he won five gold medals and one silver all with a record time. At the 2006 Pan Pacific Championships, Michael Phelps won a total of five gold medals and one silver, setting a new world record time in the 200m butterfly of 1:53.80.
The 2008 Summer Olympics held at Beijing, China made him a household name. He won a total of eight gold medals breaking the previously held record of winning the most number of gold medals won in an Olympic game. At the 2012 summer Olympics held in London he won a total of 4 gold medals and 2 silver. Michael Phelps announced his retirement in 2012 but the 2014 Pan Pacific Championships saw him coming back with three gold and 2 silver medals. The 2016 Summer Olympics held at Rio de Janeiro, Brazil saw him winning a total of 5 gold and 1 silver medal. His magnanimous career spanning 6 years has set his name in the history as one of the greatest Olympians of all time.
Throughout his career, he has won multiple awards and accolades. In 2009, he was honoured at the Maryland House of Delegates and the Maryland Senate. He was the recipient of the Swimming World’s World Swimmer of the Year Award for the years 2003, 2004, 2006, 2007, 2008, 2009, 2012 and 2016. He was honoured with the Swimming World’s American Swimmer of the Year Award for the years 2001-2016. He has been the recipient of the Golden Goggle Male Performer fo the Year since 2002. He also won the Sports Illustrated Sportsman of the Year Award for the year 2008. Michael Phelps also holds 26 Guinness World Records, making him the only athlete to do so.
Net Worth & Earnings:
With several world records and accolades to his name, Michael Phelps is cited as one of the greatest athletes of the 21st century. His current estimated net worth is $55 million. Not only medals and awards, which rake in about $25,000 for gold, $15,000 for silver and $10,000 for bronze but huge endorsement and lucrative advertisement deals have helped him seal his wealth at such a magnitudinal level.
One of the most celebrated and revered Olympian of all times, Michael Phelps truly is a source of inspiration for everyone out there. His discipline and his drive to be the best is evident in his performances and record breaking achievements. He has won a total of 28 medals in his Olympic history, 23 gold, 3 silver and 2 bronze making him the only one to do so. There has never been someone like him in the history of times, “The Baltimore Bullet” still continues on his quest of being the greatest.