Ryan Lochte’s got a bunch of Olympic gold medals, but how much gold is in his bank account?
The swimmer and soon-to-be father fiancée Kayla Rae Reid is one of the most successful swimmers in the world — he has 12 Olympic medals, including six gold, three silver and three bronze — and even had his own reality show after the 2012 Olympics. However, lying about being robbed during the last Rio Olympics has caused his net worth to plummet. (Apparently sponsors like Speedo, Polo Ralph Lauren, Airweave and Syneron-Candela aren’t big fans of scandals.) Still, Ryan isn’t too desperate for dough.
Ryan Lochte Net Worth as of 2017: $4 million
Let’s dive into how Ryan made his millions.
2006 – 2011
Prior to the 2012 Olympics when Ryan Lochte became a household name, Fortune Magazine estimated that Lochte earned $2.3 million from endorsement deals with brands such as Gatorade, and Ralph Lauren. Since 2006, the swimmer has had worked with Speedo for an estimated half million per year, according to Money Nation.
During this time period, Ryan also collected tens of thousands from winning swimming competitions. Money Nation estimates he took home $315,000 from the sport in 2010 alone.
2012 – 2015
Ryan shot to fame in the 2012 Olympics in London, out shined by Michael Phelps in the medals department but not in the looks and personality category.
Gatorade and Gillette have paid Lochte figures close to $3 million each, Money Nation reports. Meanwhile his contracts with Nissan, AT&T and Ralph Lauren have ranged from $1.5 million to $1.8 million each.
In 2013, E! gave Ryan his own reality show called What Would Ryan Lochte Do? The series lasted one season.
Ryan took home $2.3 million in 2016.
With six gold and three each of silver and bronze, Lochte has earned $225,000 in cash payouts from the Olympic Committee. Athletes receive $25,000 for each gold medals, plus $15,000 for each silver and $10,000 for each bronze.
In 2016, Lochte competed in Dancing with the Stars. According to Gawker, contestants are paid on a sliding scale with their earning increases as the competition goes on. All the celebs get a signing bonus, and the outlet reported that in 2010 each contestant was given $10,000 for staying on for weeks 3 and 4, $20,000 for weeks 5 and 6, and $30,000 for weeks 7 and 8. He was eliminated during week 8 of the competition.
His lie about being robbed during the Rio Olympics caused Speedo, Polo Ralph Lauren, Airweave and Syneron-Candela to announce that they would no longer have contracts with Lochte, which will cost him millions in the coming years.