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Michael Phelps Net Worth Income Profile and Salary

Michael Phelps Net Worth Income Profile and Salary. American swimmer. Considered the best in the history of the specialty, in 2004 was the sensation of the Olympic Games of Athens and already in the ones of Peking 2008 exceeded the mythical record of Mark Spitz, obtaining eight gold medals in front of the seven that his countryman had Conquered in the Olympic Games in Munich (1972). After winning six other medals in 2012 at the London Olympics, Michael Phelps became the most celebrated sportsman in game history.

Phelps then announced his retirement, but two years later he returned to the competition to prepare for his fifth Olympic participation in Rio de Janeiro (2016), where he crowned his career with six other metals and raised his record to hardly conceivable levels: 28 Olympic medals, 23 Of them of gold. To appreciate the magnitude of the achievement is enough to descend a position in the ladder: the second athlete most awarded in the games is the Soviet gymnast Larisa Latynina, who between 1956 and 1964 got “only” 18 medals.

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net worth of Michael Phelps

Bow Bowman, the discoverer of a talent

Michael Phelps was born on June 30, 1985, in Baltimore, Maryland, into a very athletic middle-class family. After practicing from a very young age some typical American sports (baseball and football), he began swimming at age seven, spurred by his sisters, Hilary and Whitney; The latter was US champion of the 200-meter butterfly in 1994, but a back injury forced her to a premature withdrawal. Although little Michael was afraid of water, in his biography explains that he took refuge in the pools to not hear the arguments between his parents, who would soon divorce.

At age eleven, Bow Bowman, who soon became aware of his innate qualities for swimming, crossed into his life. With him he started training at the North Baltimore Aquatic Club. In fact, the prestigious technician became his second father, since with his biological father, a retired policeman, barely maintained relation since it separated of its mother, old teacher who from 1999 worked like administrative of the club to which Michael belonged.

In 2000, just at the age of fifteen, Phelps participated in the Olympic Games in Sydney. He obtained a meritorious diploma when being fifth in the 200 meters butterfly. In 2001 he won his first absolute title: the gold medal of the 200-meter butterfly at the Fukuoka World Cup in Japan, where he also set a new world record (1 minute 54.58 seconds), becoming The earliest record holder in history. In 2002, at the Pan Pacific Games, he won four individual gold medals and one silver in the 4 x 200 freestyle relays.

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In 2003 he broke eight world records in forty-one days, several of them of unsuspected caliber. That year, in the Barcelona World Cup, he revealed himself to the world as the swimmer with the greatest projection of history, winning, with only eighteen years and individually, three gold medals: 200 meters butterfly, test in which in the semifinals beat The world record (1 minute 53.93 seconds), 200 meters styles (1 minute 56.04 seconds, world record) and 400 meters styles (4 minutes 9.09 seconds, world record).

To these titles added the silver medal in 100 meters butterfly; In the semifinals of this test he had also beaten the world record (51.10 seconds), but in the end was surpassed by the best swimmer of this style, his compatriot Ian Crocker. He also won the silver medal of 4 x 200 meters free as a member of the American quartet. From then on, the nicknames imposed on him by the journalists were known: “Bala de Baltimore”, “Niño Prodigio” or “Tiburón de Baltimore”.

Olympic champion

In Athens 2004 he won the gold medals of 100 meters butterfly (51.25 seconds), 200 meters butterfly (1 minute 54,04 seconds), 200 meters styles (1 minute 57,14 seconds), 400 meters styles (4 minutes 8,26 seconds, world record), 4 x 200 meters styles and 4 x 100 meters styles, test in whose end did not compete, but in which he won the right to the medal for having participated and won in the semifinals, as stated The new regulation. The then young promise of American swimming also won two bronzes: 200 meters styles (1 minute 45.32 seconds) and 4 x 100 meters free.

Only one athlete in the history of the Olympic Games had won eight medals in one and the same Olympics: the Soviet Alexander Dityatin in gymnastics (three gold, four silver and one bronze) in Moscow ’80. With the six golds, Phelps matched swimmer Kristin Otto’s mark, and stayed one of Mark Spitz’s, not to forget that he had a less complicated schedule and competed only in the free and butterfly styles, very similar technically, And in the 100 and 200 meters, they are virtually the same. Spitz also won three golds in the relay, at a time when the American quartets were invincible.

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On the other hand Phelps, in Athens, alternated the four styles in distances that went from the 100 to the 400 meters, and in relays only it was adjudged two gold medals. The process to reach the final was also more intense, as Spitz only competed in fourteen races in eight days, while Phelps had to do so at nineteen. An example of the pressure he had to endure in Athens occurred on August 19, when, after surpassing the 100 meters butterfly record in the semifinals, he won the final of the combined 200 meters just 20 minutes later.

The personality of a champion

When finishing high school, Michael Phelps interrupted the studies to dedicate itself exclusively to the swimming. In fact, he was the only component of the American team that went from amateur to professional without having competed in the university championships. His physique is not imposing like that of other champions (Ian Thorpe, Johnny Weissmuller or the aforementioned Spitz), but he measures 1.95 and weighs 88 kilos; Its open arms have a wingspan of 2.04 meters and shoes a 46. All this makes the water is almost its natural environment.

Of a rather serious character (not even used to sound when he had just won a test), he achieved hegemony in all styles based on effort: between 1998 and 2004, for example, he only stopped training five days. As a rule, he swam 80 kilometers a week, so he needed five hours of daily training. When I did not train, I used to sleep, and before throwing myself into the pool I used to listen to music by rapper Eminem or 50 Cent. Their daily routine was, therefore, reduced to sleep,

Their daily routine was, therefore, reduced to sleep, training, and eating to gain weight. He needed, according to his doctors, seven thousand calories a day to supply his body with the energies he spent in training. Their breakfasts were Pantagruelic: it used to gobble up eight fried eggs with their corresponding toasts. The only “whim” that was allowed was to play basketball or soccer from time to time. He also used to “tune” his Cadillac Escalade ranchera, which he bought with his first income and to which he provided television screens on the head restraints, a stereo sound system with three CD players and wheels half a meter wide.

Among the reasons for the exceptional performance of this swimmer, who was soon to become a legend in the world’s history of sport, he emphasized the purification of his technique of kick (dolphin kick), which allowed him to execute a high number of movements Of your legs before emerging to the surface of the water and perform the first stroke. Another of its virtues was in the effectiveness of the stroke, with which it obtained a greater length and impulse in a smaller number of movements, in comparison with other swimmers. His own physical endurance was, in the end, the fruit of a demanding and continuous training aimed at maximizing the oxygen reserves.

After the Olympic Games in Athens he became one of the best paid sportsmen, both by the sports brand Speedo, with which he had a reserved clause, and by the advertising contracts that got him his agent, Peter Carlisle, who also signed Agreements with Visa, Argent, AT & T, Wireless, Omega and Power Bar, companies that before the Games already provided an extra income of about five million dollars annually. His agent also focused on the launch of calendars, a book on his experiences for children and the sale of television rights for a special about the life of that universal idol. Phelps spent part of his emoluments on charities, and became a volunteer at Johns Hopkins University’s Child Life Center. The impact of his outbreak in 2003, when he overshadowed another swimming phenomenon, Ian Thorpe of Australia, earned him the Sullivan Prize for the best neo professional athlete.

michael Phelps income details

From Beijing to London

Curiously, the United States team technicians considered, after the swimmer’s feat at the Athens Olympics, that he had not been in as good shape as in the Barcelona World Cup, played the year before. Bowman predicted that Phelps would reach its peak at the 2012 Olympics, and the world of sports remained expectant. Although perhaps Bowman was wrong of the year, it was evident that to Phelps still had a long route, and soon demonstrated of what was able. For starters, he consolidated his career unstoppable at the 2005 Quebec World Cup, where he won five gold and one silver medal and Melbourne 2007, where he won seven golds.

But his consecration as the greatest figure in the world’s history of swimming and as the Olympic athlete with the highest number of gold medals (14 in total) took place in 2008 at the Olympic Games in Beijing. There, the American was able to meet the challenge that had been unsuccessfully proposed in Athens 2004: to surpass the record of gold medals of swimming that until then had his compatriot Mark Spitz. Phelps took the gold medal in the eight categories in which he participated (200 meters free, 200 meters styles, 400 meters styles, 100 meters butterfly, 200 meters butterfly, 4 x 100 meters styles, 4 x 100 meters free and 4 x 200 meters free), and in all of them beat the world record, except in 100 meters butterfly.

In February of 2009, Phelps was immersed in a public scandal when spreading a photograph in which the swimmer appeared consuming cannabis in a meeting of private scope. As a result of this behavior was suspended for three months by the United States Swimming Federation. The fact surprised greatly and collided with the image of the swimmer most publicized among the public, that of a high-level athlete delivered aesthetically to the training. He had probably forgotten a similar event: in November 2004 he had been arrested for driving in a state of intoxication.

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Some began to insinuate that the idol was beginning to decline, but after its overwhelming triumph in Beijing, Phelps continued to show an extraordinary state of the form in the Rome swimming world championships (2009), of which he won five gold medals ( Two in the butterfly and three in a relay) and one of silver. The story was repeated in 2011 in the World Championships in Shanghai: four gold medals, two silver, and one bronze. Yet something important was changing; Not in their physical form, but in their spirit. And in May 2012 publicly announced that it would withdraw from competitions after the London Olympics. As the main motive, he argued his fatigue after years and years of absorbing workouts, and the need to open his life to other facets beyond swimming.

Phelps arrived in London 2012 with the sixteen medals he had won in Athens and Beijing, and it seemed that he had nothing left to gain. But one last challenge was missing: to become the most celebrated athlete in the history of the Olympic Games, a title held by the Soviet gymnast Larisa Latynina, who kept in her windows the eighteen medals obtained in three editions of the games. After a disappointing start, Phelps took the silver medal in the 4 x 100 freestyle, and on July 31, 2012, in the presence of the Soviet gymnast, he broke his record by getting the silver medal in the 200-meter butterfly And the gold in the 4 x 200 meters free. He crowned the one that would theoretically be his last Olympic and professional performance with three other gold medals in 100 meters butterfly, 200 meters styles and 4 x 100 meters styles: in total, six new medals.

Unexpectedly, the swimmer’s retirement lasted barely two years: in April 2014 he announced his return to competitions, and the following month he obtained the first triumphs of his new stage in the Pan-Pacific Championship. But that same year he was back on track, and after being stopped in Baltimore for speeding and driving under the influence of alcohol, the American Federation vetoed his attendance at the Kazan Swimming World Cup (August 2015). The incident did not undermine its purpose to participate in its fifth Olympic Games, for which in June 2016 it surpassed the qualifying phase with victories in the 200 meters styles and in the 100 and 200 butterfly.

 Net Worth of Michael Phelps  

The Net Worth of Michael Phelps in 2017 is $60 Million.

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Full Name Michael Phelps
Net Worth$60 Million
NationalityAmerican
professionOlympic Swimmer
Annual Income$10 Million

The Rio de Janeiro Games welcomed him like a great star; Many experts, however, doubted their ability to perform at the highest level, and they respectfully extolled him as a great figure of the past, without giving him too many possibilities. Certainly, his performance was a mystery, but the first test in which he participated already anticipated something great: the “Baltimore Shark” ran like an arrow its section in the relays 4 x 100 free and took his first gold. Acclaimed not only as a legend but as the prodigious swimmer who remained at thirty-one years of age, Phelps ended up turning all his stakes into medals: gold in the 200-meter butterfly, in the relays 4 x 200 free, in the 200 Meters styles and in relays 4 x 100 styles, and silver in the 100 meters butterfly.

Again, as in London, Phelps had managed to hang up another half-dozen medals. There is unanimity in pointing out that such a record (28 medals in four Olympiads, 23 of them in gold) is destined to remain largely unbeaten; Larisa Latynina’s record, no less impressive is the distance that separates him from the most prominent swimmers in history, almost all his compatriots, such as Jenny Thompson, Ryan Lochte (both with 12 medals), Matt Biondi or The aforementioned Mark Spitz (11). If as an athlete you can admire his extraordinary willpower and competitive spirit, no one within his specialty can dispute the title of best swimmer of all time.

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