Michael Phelps' Endorsements and How He Became Famous – Assignment Example

The paper "Michael Phelps' Endorsements and How He Became Famous" is a brilliant example of an assignment on sports and recreation. Michael Phelps is an American swimmer who has at a very young age been remarked as one of the greatest Olympians of all time. He has to his record 14 career gold medals, which indeed is an achievement in its own right. As far as his endorsements are concerned, he is ruling the roost within the athletes of present times. His $5 million endorsements per year are something to write home about. This includes the $1 million for being the face of Mazda in China. He has used $1 million bonus that he received for winning at least 7 Olympics gold medals in 2008 Olympics Games in building his own Michael Phelps Foundation – a charity institution that helps promote water safety insights as well as to promote for the rights of swimming for children. This he received from the swimsuit maker Speedo. Speedo additionally donated $200,000 to the Foundation as well (Forde 2008). The reason as to why he became famous in the first place doubles up with his talent in swimming as well as his hard work and commitment towards the sport that he absolutely adores and enjoys. Because of this, he has gained immense popularity worldwide for being a youth icon of repute and a star upon whom the young ones can look up to. He has shown to the athletic world that a star can be raised if he is persistent and devoted towards his end goal. In essence, Michael Phelps is the best swimmer that the world has ever seen.