What is Greg Louganis' Net Worth? Olympics legend sells California home and medals to move to Panama

Greg Louganis, who has a net worth of $2 million according to Celebrity Net Worth, has reportedly sold his California home in an effort to move to Panama, where he hopes to build a new life.

According to the Daily Mail, Louganis, a five-time Olympic winner, also sold his three Olympic medals to support his move.

The diver announced his relocation through a Facebook post, revealing that one of the reasons for the move was to find himself again. He wrote:

"Now I get to discover who is Greg Louganis? Without the distraction and noise from outside. At least this is my goal, and hey, I may not find that. I think I may find it at times, in moments, my goal is to live it! Discover, allow, and nurture that human spirit through the experiences of life."

He further added:

"To be joyful in the moments, embrace the grief, the anger, and the laughter, and embrace it all, feel it all in this experience we call our lives. Did I love well? Was I kind? Letting go of all judgment and criticism of self and others. Be kind in thought and deed! Train that monkey mind! LOL! Namaste, Greg. PS. Will be checking in from Panama!"

More about Greg Louganis' decision to move to Panama

Greg Louganis, who won his first Olympic medal in 1976, took to Facebook on Saturday, August 31, to share this new chapter of his life. In his posts, Louganis explained that part of his decision was influenced by witnessing many of his close friends lose their homes in the recent LA wildfires. He said:

"So, as life moves forward, what are you prepared to leave behind. I am 65 years old, and I am asking just that. I am no longer who I used to think I was. Not even close to ‘What’ other people or ‘Who’ other people think I am. I had many friends, people I was close to, lost everything in the Woolsey Fire, and then the Palasades Fire just this year.

He further added

“I know I am choosing to do this, but their resilience is an inspiration for me to start anew, with an open heart and an open door. Opening up to possibilities"

Greg Louganis also confirmed that he successfully auctioned off three of his medals, despite expert advice against it. He wrote:

"I auctioned three of [his Olympic] medals, which sold… because I went against what the “experts” told me last time when I tried the first time. I told the truth; I needed the money. While many people may have built businesses and sold them for a profit, I had my medals, which I am grateful for,”"

According to reports, Louganis auctioned his silver medal from the 1976 Montreal Olympics, his gold medal from the 1984 Los Angeles Olympics, and another gold medal from the 1988 Seoul Olympics. According to Cllct, the three medals fetched him around $430k at an auction that took place last Thursday. Before the sale, Louganis reflected on what the medals meant to him, saying:

"I hope they bring joy to whom ever got them. I would be more than happy to share stories about them, each one has a unique journey. This will also help me to get more secure footing on my new adventure. I have learned a part of growth is letting go the past, and letting go of all attachments is true freedom.”

Bobby Livingstone, the founder of the Cllct, through whom the medals were sold, also released a statement regarding the auction, and said:

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"Greg Louganis’ Olympic medals performed exceptionally well in tonight’s auction, reflecting the strong market demand for Olympic memorabilia from legendary athletes. When an Olympian decides to part with their hard-earned medals, it’s typically a significant personal decision, and we’re proud to have achieved such strong prices for Greg."

Louganis, a trailblazing icon for gay rights, had previously announced in 2023 that he would be auctioning some of his medals, with part of the proceeds going to LGBTQ organizations. Just last week, Variety had reported that Greg Louganis had signed with Innovative Artists Entertainment.

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