How much money does phelps make

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Michael Phelps Net Worth Timeline

It is the same prize money Speedo offered Phelps in Athens Speedo offered him a one million dollar bonus if he got SEVEN gold, I am not sure if that inscreased with the 8th medal or not, but the million dollar bonus was agreed upon during the Athens Olympic and carried over to the Beijing. They would pjelps given him that 4 years ago if he had won 7 but he only won 6. The U. Trending News. Teacher who kneeled during CFP title game speaks. Fired Cowboys coach reportedly lands a new job.

Wealthy Gorilla

Even adjusting for inflation, the endorsement climate has changed drastically in the past ten years. As our world gets more connected and the distribution of content grows increasingly ubiquitous, famous people can turn their fame to riches far more easily than ever in the past. Quite simply, he got a later start. Fame is rare, like gold. If someone has it, companies will pay a lot to rent it from them. Phelps is riding that wave in style.

Michael Phelps

Even adjusting for inflation, the endorsement climate has changed drastically in the past ten years. As our world gets more connected and the distribution of content grows increasingly ubiquitous, famous people can turn their fame to riches far more easily than ever in the past.

Quite simply, he got a later start. Fame is rare, like gold. If someone has it, companies will pay a lot to rent it from. Phelps is riding that wave in style. Of course James has a sky high salary in addition to endorsement deals. The Michael Phelps net worth story is a tale of endorsement deals, with swimming fame as a doorway through to. Phelps was in the Summer Olympics at age That made him the youngest man in the Olympics since Phelps landed a deal with Speedo as a result.

More endorsement deals piled on as a result. When Phelps returned to the Olympics in Beijing, he took home eight medals and gave his fame another shot in the arm.

Four Golds and two Silvers came after excellent performances in several non-Olympic championships. The notoriety and the endorsement deals continued to build. See below for the breakdown of how medals and ad money built the Michael Phelps net worth fortune. Looked at from one perspective, the Michael Phelps net worth number comes entirely from swimming, because swimming is where Phelps earned his fame. The chart above shows it pretty plainly: the money comes from the sponsors. The table below shows the full breakdown, plus taxes, expenses and investment income.

For deeper details on his swimming and endorsement income by year, see the sections. Even without endorsement deals, Phelps has made a pretty good living from swimming.

Let us rephrase. Compared to normal humans, the Michael Phelps net worth numbers are pretty high, even if we just look at his direct income from pool time. His real money comes from endorsement deals, so how much money does phelps make the section below for.

The little man loved the water today!! Based on the size and exposure of his deals, we built the numbers in the table. How much did pot smoking hurt the Michael Phelps net worth numbers? Very little, if at all. Big name companies are quick to forgive infractions like marijuana smoking, speeding tickets and non-fatal car accidents.

It was a lot of fun taking part in the new omega ad campaign for Rio Check it. Can you trust the numbers in this article?

Yes and no. All Michael Phelps net worth numbers online are either estimates or outright guesses. We also know he very probably made similar money for his non-Olympic world swimming competition medals.

In short, are our numbers exact? Are they a lot closer to reality than any other numbers on the web? Very probably. Will Phelps continue to get richer, and if so, how fast? That all depends on one thing: fame. Fame is bankable. I’m going to RIO!!! So pumped!!! Phelps is in the top U. He also has agent fees to cover, like for example the fees golf legend Rory McIlroy apparently tried to avoid that wound up costing him millions in the long run.

The table below shows the details. All Michael Phelps net worth data in this article are based on our analysis of income streams, tax, expense and investment calculations, estimates and media reports and are provided here for entertainment purposes.

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For many children and adults alike, there is no greater brand icon than Michael Jordan. Michael Fred Phelps II [5] born June 30, [6] is an American former competitive swimmer and the most successful and most decorated Olympian of all time[7] with a total of 28 medals. He was born on June 30, Announce Your Goals Publicly Phelps has always been very bold in the past about his goals, and was never afraid to admit them to others, no matter how ambitious or optimistic they. He announced he’d be retiring after the Olympics but ultimately decided to compete in the Games. The 20 Best Hotels in Gulf Shores. November 29, Retrieved July 31, Even in non-Olympics years he earns tens of millions of dollars. Jim Cramer’s Best Stocks. He also achieved said goals. Phelps said, «I keep saying I want to go down and start sprinting, but Bob [Bowman, Phelps’s coach] really isn’t so keen on that The 20 Best Hotels in Albuquerque. Retrieved February 15, Retrieved August 15,