Michael Phelps, the Olympic golden boy, is not going to lose his endorsement deals due to his pot smoking incident that happened recently.
To be specific, Michael Phelps has already lost his $5 million worth of corporate sponsorship and endorsement deals. However luxe sponsors like Speedo swimwear, watchmaker Omega, and VISA are ready to forgive his carelessness and stand by him.
Born on June 30, 1985, Michael Fred Phelps is an American swimmer. He has won fourteen Olympic gold medals. He is the only Olympian to possess maximum number of gold medals in Olympics. By the end of 2008, he scored 7 world records in swimming.