One of the greatest athletes, a nine-time Olympic gold medalist, Mark Spitz’s net worth is estimated at $20 million.
Mark Spitz is a retired swimmer known for winning seven Olympic gold medals at the 1972 Munich Summer Olympics. Moreover, he was the most successful athlete there.
The record of winning seven Olympic gold medals was held until Micheal Phelps broke it by winning eight gold medals at the 2008 Beijing Olympics.
Not to mention, Mark was gravely offended when he wasn’t invited to watch Phelps break his seven Olympic gold records.
Likewise, he considered it very demeaning and insulting that he wasn’t invited to watch. Besides that, Spitz had a total of eleven Olympic gold medals.
He won a silver and bronze medal at the 1968 Mexico City Olympics‘ 100m butterfly and freestyle event. Following his seven Olympic gold wins, he retired.
However, after film producer Jonah J. “Bud” Greenspan offered Mark $1 million to qualify for the 1992 Barcelona Olympics, he came out of his retirement momentarily at 41.
Nonetheless, the swimmer did not qualify as he was two seconds slower than the Olympic standard. Nevertheless, he still managed to make it to the finals of the American Olympic trials.
Before getting into details about the legendary Olympic athlete, here are some quick facts about him.
|Full Name||Mark Andrew Spitz|
|Birth Date||February 10, 1950|
|Birth Place||Modesto, California, the United States|
|Nick Name||Mark the Pool Shark|
|Father’s Name||Arnold Spitz|
|Mother’s Name||Lenore Spitz|
|Siblings||Two; Heidi Rose Spitz and Nancy Spitz|
|Age||72 Years Old|
|Height||6 feet (1.83 m)|
|Weight||161 lb (73 kg)|
|Profession||Swimmer, Olympian, Broadcaster|
|Club||Arden Hills Swim Club|
|Active Years||1965 – 1972|
|Wife||Susan Ellen Weiner|
|Kids||Two; Matthew Spitz and Justin Spitz|
|Net Worth||$20 million|
|Social Media||Instagram, Twitter|
|Last Updated||November, 2022|
Mark Spitz | Net Worth, Income & Endorsements
Income as an athlete
The American swimmer has earned most of his wealth as a stockbroker and motivational speaker through his post-swimming career. Mark Spitz’s net worth is roughly estimated at $20 million.
Moreover, he is ranked as the sixteenth richest Olympian of all time.
However, details regarding his career earning as an elite swimmer are limited. As a result, there is no definite number to his prize money or salary.
Nevertheless, he was no joke when making money, as he landed a $50,000 deal for a poster. Further, the deal came during the 1972 Munich Olympics when he was twenty-two years old.
As he won seven of his nine Olympic gold medals in Munich, he was a scorching household topic then. So naturally, most of the companies wanted him and were approaching him for multiple deals.
Furthermore, during that time, he was managed by the William Morris Agency. They were a top-class agency that knew the worth of their client.
Hence, his agent Norman Brokaw landed a $5 million endorsement contract in the same year.
As a matter of fact, the nine-time Olympic gold medalist made $7 million in two years after the Munich Olympics.
Besides that, he also had multiple lucrative deals, but they didn’t pay him as much high as the ones he dealt with after the Munich Olympics.
Therefore, the Munich Olympics proved to be very fruitful for the athlete.
Post Swimming Career Income
After Spitz’s retirement from competitive swimming at age 22, his agency tried to get him into show business, considering his fame.
Hence, he appeared in multiple TV shows, movies and also started hosting TV shows for ABC sports. As a result, he also made a fair amount from his appearance.
Nonetheless, the endorsement never lasted as they receded in time, just like his achievements. Similarly, he was hardly seen as a public figure after a few years, leading him to drop out of show business.
Therefore, he leaned more into business and started a real estate company in Beverly Hills. Furthermore, he was making more than $1 million as a successful real estate broker.
Moreover, he was a do more kind of a guy, due to which he never settled for anything. Hence, he dipped his finger into the stock market and soon became successful in the ‘water business,’ as he calls it.
In 2002, he officially became a stockbroker and had since moved into the equity business.
However, he did not leave any stones unturned as he found good income from being a corporate spokesperson and motivational speaker.
Currently, he charges $20,000 up to $30,000 for one lectures. Not to mention, he travels the world, delivering about 25 lectures a year.
Above all, he has pursued multiple entrepreneurial projects which are set to increase his net worth.
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Mark Spitz’s Net Worth In Different Currencies
|Euro||€16, 813, 080|
|Pound Sterling||£14, 315, 300|
|Australian Dollar||A$27, 040, 920|
|Canadian Dollar||C$24, 873, 600|
Mark Spitz Net Worth | House & Cars
Mark the Pool Shark resides in a beautiful house in Los Angeles, California, with his beautiful wife and two sons.
Moreover, the stunning property is a 2050 square feet mansion with 4 bedrooms and 3.5 bathrooms.
Further, the house features a stunning kitchen, cozy living room with a fireplace, and a study room, all of which have a great interior designing.
Moreover, the former Olympian both the house for $1,698,000. Hence, being a real estate agent, he definitely has good taste in house and interior designs.
Aside from that, Spitz also has good taste in cars. Hence, he owns a $276,550 Ferrari F8 Tributo view 1 trim, a beast in the street.
Furthermore, the 6.0 Liter engine car has a stunning design and a panoramic roof. No doubt, Spitz mentioned it to be one of his favorite purchases.
Likewise, he has always been into Ferrari, as his first purchase after entering the real estate business was also a Ferrari.
Besides that, he also owns a Mercedes Benz, which he uses for his daily need.
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Mark Spitz Net Worth | Lifestyle and Vacation
The nine-time gold medalist has a luxurious lifestyle. Likewise, he lives in a million-dollar mansion with his equally expensive cars.
Even in his early 70s, he exercises every day to stay fit and healthy. Likewise, he basically picks up many dumbbells along with some stretching and jogging as his workout routine.
Moreover, he tries to swim three times a week in the UCLA facility alongside his friends.
Further, he has mentioned being a morning person who helps his lovely wife do everything except kitchen chores. However, he is rarely at home as he is constantly traveling due to his works.
Similarly, if he is not flying across the globe, Mark goes to his son Matt’s golf tournament to see him qualify for a professional tour.
Also, he goes to his second son Justin’s basketball game to see him turn into a fine young basketballer.
Aside from that, being a spokesperson and a motivational speaker has taken him to Japan, China, Hong Kong, and most of Europe and America since he began in 1973.
Hence, he has traveled all around the gold. Nevertheless, he still goes out on vacation to cool off from all the hectic work stuff.
As a result, he has been seen going on a trip to Budapest, Greece, France, and Australia with his entire family to enjoy quality time.
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Mark Spitz Net Worth | Charity
Throughout Spitz’s career, he has been generous enough to support multiple charities. Further, he has always made sure to give it back to the community that he belonged to.
As a result, he has partnered with UCLA to help provide food and shelter to many American families. Moreover, in November of 2016, he became a board member for Fit Kids.
Fit Kid is a nonprofitable organization aiming to improve the global epidemic of physical inactivity through sport, health, education, and science.
Similarly, he also joined as a spokesman for the Holocaust Education Film
Foundation in 2018. Therefore with his celebrity status, he promotes Holocaust Documentaries.
Mark Spitz Net Worth | Professional Career
Mark was always one of the fastest swimmers when it came to competitive swimming. Even when he was a kid, he always used to beat his friends in a swimming race.
As he grew older, he became nearly undisputable as no one amongst his peers could have beat him in swimming.
The same outcome followed in his first international competition at the 1965 Maccabiah Games. The 15-year-old Spitz won four gold medals and was named the most outstanding athlete.
Moreover, he became so good that he represented his country in the 1968 Mexico Olympics. As expected, he won two gold medals in the 4×100-meter and 200-meter freestyle relay.
This was just the beginning for the athlete as he won seven gold medals while setting a new world record in each of the even at 1972 Munich Olympics.
As a result, this made him one of the greatest swimming athletes of his generation. Also, he became the first athlete to win multiple titles in a single Olympics.
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Facts About Mark Spitz
- Mark suffers from acid reflux disease.
- He was the third athlete overall to win nine Olympic gold medals.
- Spitz grew a mustache during the Olympics because a coach in college said he couldn’t grow one.
Mark Spitz Net Worth | FAQs
Are Mark and Suzy Spitz still married?
Yes, the couple has been married since 1973. Moreover, the two have been together for almost 48 years now. The pair have two children, namely Matthew Spitz and Justin Spitz.
Who was better, Spitz or Phelps?
Both of the swimmers are great in their own place. Spitz was the most successful athlete in the 1972 Olympics.
Likewise, he was the first American athlete to win nine gold medals and the third in the entire world. His record has since been broken by Micheal Phelps, who has won 23 gold medals from 2004 to 2016.
Besides that, Michael has three silver medals and two bronze medals. Although many would consider Phelps a better swimmer considering his gold medals, Spitz paved the way.
Is Mark Spitz a dentist?
No, Mark is not a dentist. However, he played as a dentist in a Bob Hope skit.