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Michael Phelps Net Worth 2016

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World famous swimmer Michael Phelps was born in a family of a teacher and her husband. He started swimming at the age of seven and at the age of fifteen he became famous as a swimmer. At that time he achieved his first competition as a professional swimmer. Due to the fact of being famous swimmer, Michael Phelps net worth comprises both his technical ability and his fit physical appearance. His coach Bob Bowman helps him to keep to a strict diet and work out accordingly. Spectators may think him to be born with his ability, but practicality is, without practice he also would need to leave the first position for someone else.

Commonly, People figure out that Michael Phelps net worth increased due to his titles and different medals. But the fact about Michael Phelps income has both the parts, one stable earnings from being a spokesperson or advertising different productions from companies such as Nike and others, another from participating in different swimming competition and events. Michael Phelps net worth also increased when he was reworded for his achievements in breaking records.

Michael Phelps Net Worth 2016, Phelps and Busch
Phelps and Busch | image credit – Wikipedia/Marylandstater

Michael has also created a foundation called by his name that helps young swimmers, boys and girls. Besides, he also sold some of his swimming caps in auctions that were organized for charity. Michael Phelps may have that strong desire to give other people what they need in order to fulfill their dreams.

Michael Phelps Net Worth:

Michael Phelps net worth is 45 million of dollars in 2016. Undoubtedly he is to be considered as the golden boy in swimming. In fact he is the only swimmer in the world that can call him like this. Michael has won a surprising total of nineteen Olympic gold medals and no other person has ever done that for sure.

Michael Phelps salary, Michael Phelps sponsors
Phelps’ Olympic medals | image credit – Wikipedia/Eric Draper

Michael Phelps salary increased after Athens Olympics where he won 6 gold and two bronze medals and set the standard for many swimmers. Previously people can only dream such things. In Beijing he won another eight gold medals while putting all of his force in to one thing that he truly loves swimming.

Day by day, Michael Phelps endorsements also got sky high. Let’s find how much is Michael Phelps worth in 2016?

Birth date: June 30, 1985
Birth place: Towson, Baltimore, Maryland, United States
Height: 6 ft 3 in (1.93 m)
Weight: 194 lbs (88 kg)
Profession: Swimmer, Athlete
Education: University of Michigan (2004–2006), Towson High School (2003)
Nationality: United States of America
Parents: Deborah Phelps, Michael Fred Phelps

Michael Phelps earnings:

Michael Phelps started his aspiration to be a swimmer at the age of seven. He was trained at North Baltimore Aquatic Club under his coach, Bob Bowman. At fifteen, he was qualified to join the U.S. Olympic Swimming team during the 2000 Summer Olympics in Sydney, Australia.

Michael Phelps endorsements, how much is Michael Phelps worth
Record breaker Michael | image credit – Flickr/Marco Paköeningrat

As he is already to be counted as one of the former swimmers in the world we can happily sum up his total achievements and that is 18 Olympic medals, and 39 world records in which he achieved in competing at the Olympics and international swim meets.

He also achieved other fame titles alongside these. He was recognized as FINA’s swimmer of the year in 2010-2012 and Sports Illustrated Sportsman of the Year in 2008.

Also Read: Top 10 all-time greatest athletes in Olympic history

                 Top 10 most earning athletes in the world

Michael Phelps salary and Michael Phelps endorsements:

Michael Phelps broke the record set by Mark Spitz for most Gold Medals won in a single Olympics competition when he won a remarkable 8 Gold Medals at the 2008 Beijing Olympics. There are many who believe he hasn’t even scratched the surface of his talent. Thanks to his success, Michael has enjoyed one of the most lucrative post-Olympics careers in American history.

Michael Phelps income/Michael Phelps earnings
Phelps in imfun activities | image credit – Wikimedia/Michael Phelps Foundation

Michael has dozens of sponsors and appears in commercials throughout the year, even in non-Olympics years. With such an almost unbelievable set of accomplishments, it is not surprising that the current Michael Phelps net worth is estimated to be at $45 million dollars. His yearly earnings come in at around $5-$7 million.

Also Read: Top 10 most popular sports around the world

                 Top 10 most paid sports around the world

Again, He has used a portion of his wealth to fund the Michael Phelps Foundation, an organization designed to promote the sport of swimming. Since his retirement from competitive swimming after the 2012 Olympics, he has become more actively involved in the activities of the Foundation.

As a result of the reality that he’s a well-known world swimmer Michael must look after himself and his physical state. Folks might believe that Michael Phelps net worth raised due to his titles, however he’s additionally steady income from truly being a representative or advertising distinct creations from firms.

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