As of 2025, Michael Phelps, the most decorated Olympian of all time, has achieved a net worth of approximately $100 million.
This substantial wealth results from a combination of his unparalleled swimming career, lucrative endorsement deals, and strategic business ventures.
When you think of the greatest Olympians of all time, Michael Phelps stands at the top.
With an incredible 28 Olympic medals, 23 of them gold, Phelps has not only made history in the Olympic Games but also built a highly successful financial empire.
He has set 39 world records, cementing his place as a world record holder and an Olympic legend.
If you’re curious about Michael Phelps’ net worth, how he made his fortune, and where he stands today, you’re in the right place.
Let’s dive into the financial success story of the most decorated Olympian in history.
Who is Michael Phelps?
Before we break down his net worth, let’s take a quick look at his legendary career.
Michael Phelps, born in 1985 in Baltimore, Maryland, is a retired competitive swimmer who dominated the sport for over a decade.
Known for his unmatched speed, technique, and endurance, Phelps earned international fame starting at the 2004 Athens Olympics, and the rest is history.
Beyond his Olympic glory, Michael Phelps’ name became synonymous with swimming excellence, endorsements, and business ventures.
He has inspired other great swimmers like Mark Spitz and Caeleb Dressel, who followed in his footsteps.
What is Michael Phelps’ Net Worth in 2025?
As of 2025, Michael Phelps’ net worth is estimated to be around $100 million.
While his Olympic medals didn’t come with massive prize money, his real wealth came from endorsements, sponsorships, and personal business ventures.
This impressive fortune places Phelps among the wealthiest Olympians in the world, proving that his influence extends well beyond the pool.
How Michael Phelps Built His Wealth
1. Olympic Success & Prize Money
While Olympic medals themselves don’t carry significant cash prizes, Phelps did earn bonuses from the U.S. Olympic Committee for each medal win. However, this only makes up a fraction of his overall net worth.
2. Sponsorships & Endorsements
One of the biggest drivers of Michael Phelps’ net worth is brand endorsements. Over the years, Phelps has partnered with global brands such as:
Speedo: A long-time partner during his swimming career
Under Armour: Prominent deal after his 2016 comeback
Omega: Official timekeeping partner of the Olympics
Visa: High-profile campaigns in the lead-up to the Olympics
Colgate and Nissan: Other notable sponsorship deals
These partnerships brought tens of millions of dollars into his portfolio, making him one of the highest-paid athletes in the world during his peak.
3. Business Ventures & Investments
After retiring from competitive swimming, Phelps expanded his wealth through:
- Swimwear and Training Gear Lines: Collaborations on elite training products
- Swim Schools: Phelps owns and operates Michael Phelps Swim Schools, helping young swimmers around the globe
- Real Estate Investments: Owning properties in Arizona and Maryland
His business savvy ensures his net worth continues to grow even after his retirement from competitive swimming.
4. Media Appearances & Speaking Engagements
Phelps is a highly sought-after public speaker, appearing at corporate events, motivational seminars, and media interviews.
His insights into mental health, Olympic success, and personal growth have turned him into a speaker with global demand, further adding to his fortune.
How Does Michael Phelps Spend His Money?
Even with a net worth of $100 million, Phelps isn’t known for extravagant spending. Some of his notable expenses include:
Luxury Homes: Spacious properties in Scottsdale, Arizona, and Baltimore, Maryland.
Car Collection: While not flashy, Phelps enjoys high-performance vehicles.
Family & Philanthropy: Phelps is actively involved in The Michael Phelps Foundation, promoting water safety, healthy living, and mental health awareness.
Travel & Lifestyle: As a global icon, Phelps enjoys international travel, often sharing his experiences on social media.
Michael Phelps’ Legacy Beyond Wealth
While his net worth is impressive, Phelps’ true legacy lies in transforming competitive swimming and breaking barriers in the conversation about mental health.
His candidness about his struggles with depression and post-Olympic life has made him a role model far beyond sports.
Even though Phelps retired from competitive swimming after the 2016 Rio Olympics, his impact on the sport, his fans, and future generations continues to grow.
His influence on the next generation of swimmers, including Caeleb Dressel, proves that his mark on the Olympics will never fade.
Conclusion
Michael Phelps’ net worth of $100 million is a testament to his talent, dedication, and smart financial decisions.
From his record-breaking Olympic career to lucrative brand deals and successful business ventures, Phelps turned his passion into a global empire.
His story proves that being the best in the pool can lead to success far beyond the water.
Whether you admire him for his athletic dominance, his business acumen, or his honest approach to mental health, there’s no denying that Michael Phelps’ net worth is as impressive as his medal count.
