Michael Phelps Net Worth = $80 Million

Michel Phelps is a celebrated American professional swimmer. The athlete has won several competitions, including the Olympics, and has over 28 medals. He is no doubt one of the highest-paid Olympic athletes globally and one of the wealthiest.

Phelps was born Michael Fred Phelps II on 30 June 1985 in Baltimore, Maryland. His parents are Michael and Deborah, and he has two siblings. Phelps started swimming on part-time as a hobby when he was just seven years old. His sisters, who also loved swimming, introduced Michael to swimming. He later developed a strong love for swimming and decided to make a career out of it. Phelps married Nicole Johnson, former Miss California USA, secretly in 2016, and the couple has three sons.

Phelps started his career as a professional swimmer in 2000 by qualifying for the USA Olympic team. He was only 15 years old and the youngest swimmer to be eligible for the team in over 60 years. Michael’s star shone even brighter in 2001 when he broke the world record in 200-meter butterfly style, in World Aquatics Champions.

He went ahead to win more swimming competition and breaking more world records. Michael is also the world record holder for Olympic medals. For instance, the swimmer won eight gold medals in the 2008 Beijing Olympic Games. Michael Phelps is, no doubt, one of the best swimmers of his generation.

He has also made good money from his career as a professional swimmer. Phelps has a net worth of approximately $80 million as of 2021.

Full Name

Source of Wealth

Known for

Birth Info

Michael Fred Phelps II


Olympic Gold Medals

United States 


Quotes - Michael Phelps Net Worth and Key Habits

“If you want to be the best, you have to do things that other people aren't willing to do.”

-Michael Phelps

“My goal is one Olympic gold medal. Not many people in this world can say, 'I'm an Olympic gold medalist.'”

-Michael Phelps

“I think goals should never be easy, they should force you to work, even if they are uncomfortable at the time.”

-Michael Phelps

“I believe in God; I'm not saying I'm highly religious.”

-Michael Phelps

“I won't predict anything historic. But nothing is impossible.”

-Michael Phelps

“If I didn't swim my best, I'd think about it at school, at dinner, with my friends. It would drive me crazy.”

-Michael Phelps

“The more you dream the more you achieve.”

-Michael Phelps

“I have a lot of goals, but I think that I just want to take it day by day.”

-Michael Phelps

Michael Phelps Net Worth and Key Habits

Habit #1: Dream Big And Set Insane Goals

According to Phelps, “The more you dream, the more you achieve.” That is why he has been dreaming of big things all his life. He wanted to do something that other people would be unwilling to work for. That way, he had to train hard to achieve his goals, including winning a gold medal in the Olympic Games.

You cannot achieve big things in life if you do not dream big and set high goals. It would be best if you challenged yourself in all aspects of life. Set lofty goals and work hard to achieve them even if they seem impossible to achieve.

You cannot achieve big things in life if you do not dream big and set high goals.

Habit #2: Be Daring To Try New Things

Michael believes that he could not have become a celebrated swimmer if he was not bold enough to give swimming a try for a while. He knew it was not easy to win a gold medal in the Olympics, but he was determined to do it and make history. According to Phelps, nothing is impossible as long as there is will to try. 

Successful people are courageous enough to try things that others would not dare to try. That way, they can take advantage of available opportunities and change their lives. Do not fear to try new things because you are uncertain about the outcomes. You never know, maybe something that seems impossible could change your life for good.

Do not fear to try new things because you are uncertain about the outcomes. You never know, maybe something that seems impossible could change your life for good.

Habit #3: Believe Everything Is Possible

Michael is a firm believer that everything is possible with hard work. He believes that he managed to become the best swimmer globally because he believed in himself. The celebrated swimmer believes that God answers prayers for people who believe in themselves and work hard to accomplish their goals.

You cannot accomplish big things in life if you already believe it is impossible to do so. You need to set your mind that everything is possible and keep working hard and trying. Remember that other people have accomplished big things in life, and you can as well do it.

Summary - Michael Phelps Net Worth and Key Habits


Dream Big And Set High Goals


Be Daring To Try New Things


Believe Everything Is Possible

Ian Warner

About the author

I went from a broken leg to a 2012 Olympian. I have spent the last 15 years building positive habits as a track athlete and entrepreneur. I founded Habit Stacker and dedicated my life to helping people to develop winning habits. I have helped over 5,000 people...

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