Michael Phelps Net Worth 2016

Michael Phelps is an American Olympic swimmer who has a total asset of $55 million. Michael Phelps has won 18 Olympic Gold Medals and is considered by many to be the best swimmer ever. Michael Phelps was conceived June 30, 1985 in Baltimore Maryland. He went to Towson High School north of Baltimore. Let us take a look at Michael Phelps Net Worth 2016.

Michael Phelps Net Worth 2016
Michael Phelps Net Worth 2016
Michael Phelps Net Worth 2016

Michael Fred Phelps II was conceived on June 30, 1985 in Towson, Maryland. He found his goal to be a swimmer when he was seven years of age. He was prepared at North Baltimore Aquatic Club under his mentor, Bob Bowman. At 15 years old, he was qualified to join the U.S. Olympic Swimming group amid the 2000 Summer Olympics in Sydney, Australia. Amid his span as a swimmer, he got 18 Olympic awards, and 39 world records which he accomplished while contending at the Olympics and universal swim meets.

Michael Phelps Net Worth 2016
Michael Phelps

He was perceived by a few associations, for example, FINA’s swimmer of the year in 2010-2012 and Sports Illustrated Sportsman of the Year in 2008. Besides being a swimmer, he focuses on helping other individuals with his famous establishment, Michael Phelps Foundation.

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Conceived in 1985 as Michael Fred Phelps II, he was raised by his mom, a center school chief, alongside his two sisters, after his guardians separated in 1994. His dad is a state trooper. Phelps is unmarried and has no youngsters. He started swimming at seven years old and regardless of serious ADHD his center and diligent work have earned him a spot among the world class competitors ever.

Michael Phelps Net Worth 2016

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His achievements in the game of swimming are beyond any reasonable amount to say here. He has contended in four Olympic Games. He was a swimmer to watch even when, in 2001, he turned into the most youthful man to ever set a world swimming record. He was 15 years of age. In 2008 he broke swimmer Mark Spitz’ record for most Olympic Gold decorations ever won in a solitary Olympics, and he likewise holds the record for most Olympic awards complete. Moreover, Michael Phelps Net Worth 2016 has held world record times in different occasions with an aggregate of 39 times throughout his profession.

Michael Phelps Net Worth 2016

With such a practically amazing arrangement of achievements, it is not shocking that the present total assets of Michael Phelps is evaluated to be at $50 – $55 million dollars. Michael Phelps Net Worth 2016 and his yearly income amounts to around $5-$7 million. He has utilized a bit of his riches to subsidize the Michael Phelps Foundation, an association intended to advance the game of swimming and solid ways of life. Since his retirement from aggressive swimming after the 2012 Olympics, he has turned out to be all the more effectively included in the exercises of the Foundation.

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Michael Phelps Net Worth 2016
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While still very youthful and ready to keep contending, Michael Phelps in this article of Michael Phelps Net Worth 2016 has effectively broken 37 world swimming records. There are lots of people who trust he hasn’t touched the most superficial layer of his ability and that, when at last done, he will have broken many more records, some of which as of now fit in with him. In his initial two Olympics diversions Phelps won 17 decorations including six gold and two silver at Athens and eight gold in Beijing. On account of his prosperity, Michael has appreciated a standout amongst the most lucrative post-Olympics vocations in American history. According to Michael Phelps Net Worth 2016, he has many patrons and shows up in ads consistently, even in non-Olympics years.

Michael Phelps Net Worth 2016

Greatest yearly income assessed from supports alone which incorporate Louis Vuitton, Visa, Under Armor, Procter and Gamble, Omega, Hilton, Subway, and HP is complete $12,000,000. The estimation of Phelp’s home which he put in the business sector available to be purchased for $1.5 million is $1,500,000. Sum earned from desiring 2 bronze Olympic awards; The United States Olympic Committee pays decoration rewards of $25,000 for gold, $15,000 for silver and $10,000 for bronze is evaluated to be $20,000. Sum earned from desiring 18 gold Olympic awards; The United States Olympic Committee pays decoration rewards of $25,000 for gold, $15,000 for silver and $10,000 for bronze is $450,000.

Origination : Baltimore, Maryland, United States

Stature : 6′ 4″ (1.93 m)

Conjugal Status : N/A

Full Name : Michael Fred Phelps

Nationality : American

Date of Birth : June 30, 1985

Ethnicity : English, Irish, German, Scottish, Welsh

Weight : 185 lbs (84 kg)

Occupation/Profession : Swimmer

Training : University of Michigan, Towson High School