Mark Spitz is a retired American swimmer who won nine Olympic gold medals, including seven gold medals at the 1972 Summer Olympics. He was the most successful swimmer of his generation and is considered one of the greatest athletes of all time.
Through this post, Fidlar will take a look at Mark Spitz net worth as of 2023.
What is Mark Spitz’s Net Worth and Salary 2023?
Spitz has an estimated net worth of $20 million. He has earned his fortune through his successful career as a competitive swimmer, as well as his endorsement deals and public appearances. Spitz has also written two books, “The Sport of Swimming” and “No Limits: The Will to Succeed”, which have both been best-sellers.
Mark Spitz Overview: Why is Mark Spitz Famous?
Spitz was born on February 10, 1950 in Modesto, California, the first of three children of Lenore Sylvia (Smith) and Arnold Spitz. His family is Jewish; his father’s family was from Hungary, and his mother’s, originally surnamed “Sklotkovick”, were from Russia.
Spitz’s family moved to Honolulu, Hawaii when he was two years old, where he would swim at Waikiki beach every day. His mother, Lenore Spitz, told a reporter for Time in 1968 that “You should have seen that little boy dash into the ocean. He’d run like he was trying to commit suicide.”
He began competing in swimming at age six, when his family returned to Sacramento, California. At age nine, he started training with swimming coach Sherm Chavoor at Arden Hills Swim Club in Sacramento. Chavoor mentored six additional Olympic medal winners.
When he was just 10 years old, Spitz held one world age-group record and 17 national records. His family then moved to Santa Clara when he was 14, where he joined the Santa Clara Swim Club and was trained by coach George F. Haines.
From 1964 to 1968, Mark trained with Haines at SCSC and Santa Clara High School. Mark’s four years at high school were very successful ones, as he set national records in every stroke and distance.
In 1966, at the age of 16, he became the AAU national champion in the 100-meter butterfly, the first of his 24 AAU titles.
The next year, Spitz arrived on the world swimming scene when he set his first world record at a small California meet with a time of 4:10.60 in the 400-meter freestyle.
Mark Spitz is a retired American swimmer. He won nine Olympic gold medals, including an unprecedented seven golds in the 1972 Munich Olympics. He set new world records in each of the seven events in which he competed in 1972.
Spitz’s record of seven gold medals in a single Olympic Games was not surpassed until Michael Phelps won eight golds in the 2008 Beijing Olympics. Spitz also holds the record for the most gold medals won in a single Olympic event, with four, also accomplished in 1972.
Spitz retired from competition in 1973, after the Munich Olympics. He made a comeback in 1992, at the age of 41, in an attempt to qualify for the 1992 Summer Olympics. He failed to make the U.S. team, finishing third in the 200-meter butterfly at the U.S. Olympic trials.
Spitz has been inducted into numerous halls of fame, including the U.S. Olympic Hall of Fame, the International Swimming Hall of Fame, and the California Sports Hall of Fame. He has been described as “the greatest swimmer of all time” and “the greatest Olympian of the 20th century”.
After Spitz’s return to the United States following the 1972 Olympics, he landed several lucrative corporate endorsement contracts, earning him a pretty penny. In fact, he raked in about $7 million in just a two-year period – the equivalent of more than $10 million today. Not too shabby, eh Spitz? “I was definitely a pioneer,” Spitz said. ”
There wasn’t anyone who’d gone to the Olympics before me who capitalized the same way on an opportunity. It all depends on timing, hype, the economy, and most importantly, looks.” I’ve never seen a magazine full of ugly people. That’s our society. I’m not saying it’s right. That’s just the facts.
Spitz is both a corporate spokesperson and motivational speaker, according to his official website. However, Sports Yahoo! lists his occupation as a stock broker.
In an interview, Spitz said he became a stockbroker in 2002 and has since moved into private equity. He has now also become interested in the ‘water business’, and is in negotiations to build a water-bottling facility on aquifer-rich land that he and a business partner own.
Spitz has teamed up with former NBA player Rick Barry on various entrepreneurial projects. He travels the world, giving around 25 lectures a year. His biography, The Extraordinary Life of An Olympic Champion by Richard J. Foster, was released in 2008.
He endorsed Istanbul’s bid to host the 2020 Summer Olympics in July 2012, but Tokyo was ultimately awarded the games.
After Spitz returned from the Olympics, he began dating Suzy Weiner, a UCLA theater student and part-time model. Less than a year after the Munich Olympics, they were married in a traditional Jewish service at the Beverly Hills Hotel.
Matthew and Justin are Spitz’s sons, both born in different years. Justin was a member of the Stanford swim team while Matthew was born in October 1981. The Spitz family resides in Los Angeles, California.
FAQs about Mark Spitz
How did Mark Spitz Make a Living?
Mark Spitz’s net worth is estimated to be around $20 million. Most of this wealth has been earned through his post-swimming career as a stockbroker and motivational speaker.
Is Mark Spitz a Dentist?
As a champion swimmer known around the world, Spitz was actually accepted into dentistry school before he became an Olympic gold medalist. However, he ultimately decided not to attend school, and it’s safe to say he made the right choice considering he now has seven gold medals.
What is Michael Phelps Net Worth?
Michael Phelps is an American swimmer and the most decorated Olympian of all time, with a total of 28 medals. In recent years, Phelps has been retired from competitive swimming, but he still remains one of the most popular athletes in the world. Phelps has a net worth of $55 million.
What is Ryan Lochte Net Worth?
As of 2023, Ryan Lochte’s net worth is an estimated $300 thousand. The American swimmer has won a total of 12 Olympic medals, making him one of the most decorated Olympians of all time. In addition to his Olympic earnings, Lochte also brings in money from endorsement deals and public appearances.
Thank you for reading! Michael Spitz is an incredible athlete with an inspiring story. If you’re looking for more information on him, be sure to check out his books “The Sport of Swimming” and “No Limits: The Will to Succeed”. You can also follow him on social media for updates on his career.