1. When he first began swimming, Michael Phelps was too afraid to swim underwater. His coach decided to combat this fear by allowing him to learn to swim on his back first, keeping his face out of the water and learning the movements before learning breathing techniques. The backstroke became the first swim Phelps mastered as a result.

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2. Diagnosed with attention deficit hyperactivity disorder as a child, swimming was conceived as an activity that could help him burn energy and enable him to increase his focus when he was enrolled in classes at the age of seven. He would go on to compete with his siblings over the next few years and held a national title in his age group for the 100 meter butterfly by the age of 10.

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3. Part of the reason Phelps has such a successful swim record is his wingspan. It stretches to an impressive six feet, seven inches. Longer arms and powerful shoulders allow him an impressive stroke in several of his events.

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4. At just 15, he made news for two very different swimming related feats. He was the youngest man to qualify to compete in an Olympic swimming competition in 68 years. After the summer Olympic games in 2000, he went on to compete in the World Aquatics Championships and broke the world record for the 200 meter butterfly, becoming the youngest to do so. He would break his own world record again after that in Japan where he won his first World Championship.

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5. Phelps’ feet also provide him with an interesting advantage in the water. In addition to his already impressive wingspan, his feet have an extra 15 degree rotation to them than the average person’s do, allowing him more range of movement in the water as he kicks. His dolphin kick is also improved by the fact that he has double jointed knees and elbows.

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6. Despite having been photographed smoking marijuana in the past and being arrested for drunk driving, Phelps is not a habitual drug user and has never tested positive for any kind of performance enhancing drug. In fact, he’s so against their use that he volunteered to be a part of Project Believe in conjunction with the United States Anti-Doping Agency. The group repeatedly tests athletes to ensure compliance with anti-doping guidelines.

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7. When following his strict training regimen, Phelps completes more the 50 miles of swimming. His schedule consists of practices two times a day at six days a week. Those practices last anywhere from two to five hours. He combats his boredom with repeated laps in the pool by swimming using waterproof headphones to listen to music. He uses music to block out other competitors before a swim meet as well. For the 2012 Olympics he revealed he had a mix of Lil Wayne, Young Jeezy, and Avicii on his playlist before swimming.

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8. Phelps has published two books since becoming an Olympic Champion – ‘Beneath the Surface: My Story’ and ‘The Will to Succeed.’ While the former has a biographical focus, recounting stories from his childhood, the latter focuses on his swimming career.

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9. Drunk driving charges in 2014 resulted in a sixth month suspension from USA Swimming and made him ineligible to compete at the 2015 World Aquatics Championship. He then threw himself into Olympic training instead.

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10. In addition to being the most decorated athlete in Olympic history with 19 gold medals, he holds the most world records with 49, and has also been awarded the World Swimmer of the Year seven times and the American Swimmer of the Year nine times.

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Michael Fred Phelps II was born on June 30, 1985, the youngest of three children. His family lived just outside Baltimore, Maryland, where all three children learned to swim at an early age. His sister Hilary started swimming the year Michael was born. Michael’s other sister, Whitney, tried out for the U.S. Olympic team in 1996. At the age of seven, Michael’s swimming career was off to a tentative start. He was afraid to put his head underwater, so his swimming coaches allowed him to float on his back. Although he was dedicated to swimming, Michael also played baseball, soccer and lacrosse as a child.

In 1999, Michael made the U.S. National B Team and earned a spot on the U.S. Olympic team the next year. Although he did not win any medals, he established himself as a force in the international swimming community at only 15 years of age. Michael continued to win races and set records on his way to the 2004 Olympics in Athens, where he won six gold and two bronze medals. At the 2008 Olympics, Phelps achieved his goal of eight gold medals, setting one Olympic and seven world records in the process.

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For breaking former Olympian Mark Spitz’s medal count, Speedo paid Phelps a $1 million bonus, which he used to start the Michael Phelps Foundation. In 2012, Michael qualified for eight Olympic events but only swam in seven. In London, he won four gold and two silver medals, for a total of 22 Olympic medals in his career; the previous record for one athlete was 19 medals. For his 22 medals, Phelps received bonuses from the U.S. Olympic Committee of $500 thousand in 2012.

Michael Phelps’ endorsement deals began at an early age, increasing to 15 in total in 2014, including some of the best known brands—Louis Vuitton, Under Armour, Visa, Omega, Hilton, Subway and HP. His earnings from the endorsement deals are estimated at $10 to $12 million for 2013 and 2014. Michael Phelps’ current net worth is estimated at $55 million.

How much is Michael Phelps’ Net Worth? $55 Million!

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2015 Legacy Information:
Michael Phelps is a retired champion competitive swimmer from Towson, Maryland. Born in 1985 as Michael Fred Phelps II, he was raised by his mother, a middle school principal, along with his two sisters, after his parents divorced in 1994. His father is a state trooper. Phelps is unmarried and has no children. He began swimming at the age of seven and despite severe ADHD his focus and hard work have earned him a spot among the elite athletes of all time.

His accomplishments in the sport of swimming are too many to mention here. He has competed in four Olympic Games. He signaled he was a swimmer to watch when, in 2001, he became the youngest man to ever set a world swimming record. He was 15 years old. In 2008 he broke swimmer Mark Spitz’ record for most Olympic Gold medals ever won in a single Olympics, and he also holds the record for most Olympic medals total. Additionally, he has held world record times in various events a total of 39 times over the course of his career.

With such an almost unbelievable set of accomplishments, it is not surprising that the current net worth of Michael Phelps is estimated to be at $40 – $45 million dollars. His yearly earnings come in at around $5-$7 million. He has used a portion of his wealth to fund the Michael Phelps Foundation, an organization designed to promote the sport of swimming and healthy lifestyles. Since his retirement from competitive swimming after the 2012 Olympics, he has become more actively involved in the activities of the Foundation.

How much is Michael Phelps’ Net Worth? $45 Million!