Michael Jordan makes between $80 and $90 million a year even though he no longer plays pro Basketball. He spend his money on things such as houses, his own boat, a plane, and he also bought his own NBA team, the Charlotte Bobcats. He has also supported many charities including Make-A-Wish Foundation, Boys & Girls Clubs of America and Special Olympics.
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Michael Phelps swims for eight hours a day, every day. How do you think he got that good?
Micheal phelps uses his money mostly to support his family. He also uses it to buy swimming equipment. He donates a lot every year to charities. Then the rest is for pleasure.