Here are some things to know about Phelps—a millionaire and an inspiration to many: Read Also: Michael Phelps Rio 2016: Complete Schedule & How To Watch Online 1.) An article in Psychology Today states that Phelps was crushed when a school nurse had to remind him to take Ritalin in front of his entire class.
However, the incident made him strong and he decided to slowly go off the medication.
Phelps had to learn to use his mind to focus and control himself in the class room.
2.) Phelps first qualified for the 2000 summer Olympics at the age of 15.
An article in Gazette Review states that the popular Olympian made around $ 7 million per year in sponsorships and brand endorsements, following the Beijing Olympics.