How much does Michael Phelps make a year?
How much does Michael Phelps make a year?
On top of earning $9.3 million annually from his swimming career and brand endorsements topping $10 million, the Baltimore native has also made money from winning Olympic medals.
Who is the richest Olympic swimmer?
Michael Phelps We don’t think it surprises anyone to find that Michael Phelps is the world’s richest professional swimmer. His career was epic! 28 Olympic medals, 23 of them gold. Countless world records and dozens of historic moments.
How much is Phelps worth?
Michael Phelps’ net worth in 2022 is $100 million. Phelps is a retired Olympic swimmer and corporate endorser. He has won 28 Olympic medals, with 23 of them being gold.
Why does Katie Ledecky owe taxes?
“Many other countries don’t tax income earned while in a foreign country.” Because of her $120,000 in prize money and her endorsements, Ledecky will likely owe around $44,000 to the IRS, Bloomberg estimates. Winnings are reportedly subject to the top marginal tax rate of 37%.
Who is the richest Olympic athlete?
Net Worth: $100 Million Jenner won the 1976 Olympics decathlon event in Montreal and she is considered to be the world’s greatest athlete. As of November 2022, Caitlyn Jenner’s net worth is estimated to be roughly $100 million, making her the richest Olympian in the world.
Do Olympians get paid?
The International Olympic Committee does not pay prize money to medalists, but many countries offer monetary rewards to their athletes for the number of medals they win at either the Summer Olympics or Winter Olympics.
