![]() ![]() In the same year, Lochte revealed he only had $20,000 left in his savings, forcing him to remove or liquidate several assets, including his Porsche, which was costing him $835 per month, Celebrity Net Worth indicated. The athlete and his wife, Playboy playmate Kayla Rae Reid, were forced to live more conservatively, moving from a 4,200-square-foot home to a 1,800-square-foot apartment in 2019, as per CNBC. The controversies later caused Lochte to lose most of his major sponsors, leading him to only having an annual income of $75,000 from a single sponsor. He was also banned for 14 months in 2018 for a doping violation, according to Fanbuzz. The incident involved Lochte claiming he and a friend were robbed after a night of drinking, which was later found to be false. However, a scandal in 2016 left the 12-time Olympic medalist suspended for 10 months during the Rio Olympics by the International Olympic Committee, the United States Olympic Committee and USA Swimming, USA Today reported. In the early 2010s, the professional swimmer reportedly earned up to $2.3 million per year from his various endorsement deals, including Speedo, Gillette, Gatorade, Ralph Lauren and Nissan, bringing his total net worth to $6 million, as per Celebrity Net Worth. ![]() Lochte earned a total of 12 Olympic medals throughout his professional swimming career between 20. Despite his success, the athlete went from earning millions annually to living from paycheck to paycheck. Ryan Steven Lochte is one of the most successful competitive swimmers worldwide, coming only second to Michael Phelps in the number of medals earned.
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