Money Moguls

Michael Phelps is expected to earn $100 million in his career. His popularity has exploded since his outstanding show at the 2008 Olympics in Beijing. Speedo, the maker of the new LZR Racer swim skin, is just one of Michael Phelps sponsors which offered Michael $1 million bonus for breaking Mark Spitz’s gold metal record. Michale Phelps was earning an estimated $5 million dollars prior to the 2008 Olympics. Sources are saying that Michael Phelps is going to make around $10 million per year for the next 5 years. Michael Phelps has at last 4 sponsors who are Speedo, Visa, Omega and Matsunichi. Matsunichi is paying Michael an estimated $1 million per year. Kellogg’s has also sealed a multi-million dollar deal with Michael. He will appear on Frosted Flakes and Cordn Flake boxes very soon.

Michael Phelps is on his way to become one of the highest paid athletes in the world. He is already earning an estimated $10 million per year extending til the next Olympics. If Michael Phelps does well in the 2012, his earning will likely double.

Michael Phelps is a 23 year old earning $10 million per year. Can you imagine what that would be like?