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How much money has Michael Phelps made from the Olympics?
According to a report by The Street, it is estimated that Phelps has earned at least US$75 million thanks to the sponsorship and advertising deals he took on over the years.
What is Phelps net worth?
Michael Phelps Net Worth: $80 Million With a career spanning 16 years, Phelps’ net worth is $55 million, according to Celebrity Net Worth. His talent in the water has earned him millions, but rising to elite status comes with a hefty price tag.
Is Michael Phelps a billionaire?
Michael Phelps – US$80 million The 36-year-old American swimmer holds the record for the most Olympics medals won by any athlete: 28, including a record 23 golds, according to the Olympics’ official website.
How much do Olympic competitors get paid?
As part of “Operation Gold,” an initiative the USOPC launched in 2017, U.S. Olympians who reach the podium receive payments of $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. Pots are divvied up evenly to each member in team competitions, according to CNBC.
How much did Michael Phelps get for each gold medal?
Before bonus payouts were increased in 2017, the United States Olympic Committee (USOC) rewarded American Olympians with $25,000 for each gold medal, $15,000 for silver and $10,000 for bronze. This means that Phelps took home over $600,000 just from his Olympic Games performances.
He has earned $500,000 in Olympic money since 2004. Phelps has taken 28 medals in all. That’s 23 gold, 3 silver and 2 bronze. That’s the most medals of any Olympian in history. With $25,000 for each gold, plus money for the silvers and bronzes, Phelps has over half a million in Olympic medal money.
How much money do Olympic athletes make for a medal?
Olympic medal money varies by country but in the U.S. athletes make $25K for gold, $15K for silver and $10K for bronze, plus millions in endorsements.
Who are the children of swimmer Michael Phelps?
He is now retired and is married to Nicole, with whom he has three sons, Boomer, Becker, and Maverick. Phelps works for his own charitable foundation, which has a particular emphasis on the mental health of children.