Michael became a world-recognized American athlete winning consecutive three events at World Aquatics Championships. He remained motivated throughout his career and again won the Summer Olympic game. He also took part in and won various medals. Michael is assumed as the most decorated Olympian as has achieved 28 Olympic medals which includes multiple golds, silver and bronze medals. Four years ago, he announced the news of his retirement from the professional career but two years ago he came back with new motivation from retirement. 31 years old swimmer has achieved various accolades and honors in his career. It is supposed that his medals and titles contributed a lot to his income. Besides the winnings and bonuses, endorsements have a huge impact on Michael Phelps income. Further his salary net worth and overall earnings in 2020 are listed below.
Like other celebrities, Michael is also endorsed by premium international companies.
Sponsorship companies include
- Under Armour Inc
- Kellogg Co
- Aqua Sphere
- Louis Vuitton
- Visa Inc
- Speedo USA
- Hilton Hotels Corporation
Recently he is paid by Sol Republic headphones
- Master Spas
Omega; He has also signed a contract with 800razors.
He is really passionate to do something for young swimmers. He has established a foundation by his name that encourages all the young boys and girls swimmers. In addition, he has also sold his swimming caps for his foundation in auctions.
Michael Phelps 2020 Earnings Stats:
Endorsements: $25 M
Salary: $6 M
Overall Income: $30 M
- Net Worth = $ 50 million
This prominent swimmer was born in Baltimore. He was grown up in Towson by his parents, his father served as a state trooper while his mother was a teacher by profession. He is the youngest one among his siblings, having two older sisters.
At 7, Michael learns about swimming. At 15, he turns out a well-known swimmer by taking part in Summer Olympics that held in Sydney. Michael attracts the people attention by becoming a youngest male swimmer participant in almost 70 years; though he was not able to achieve the medal he ended up at the fifth position. He gave his wonderful performance by making a number of new records. This amazing guy was born to win, in every condition he never led him down. Because of this his come back was excellent, he attained everything in life.