Joseph Schooling of Singapore is congratulated by Michael Phelps as they leave the podium.   REUTERS/Stefan Wermuth

Joseph Schooling of Singapore is congratulated by Michael Phelps as they leave the podium. REUTERS/Stefan Wermuth

In just one performance, Singapore’s Joseph Schooling beat swimming great Michael Phelps, took home his city state’s first Olympic gold medal and became an instant millionaire.

Known at home for smashing national records and taking multiple titles in regional competitions, Schooling had held the hopes of Singapore, a Southeast Asian island nation of less than six million, which had only won two silvers and two bronzes since it joined the Olympic fold in 1948.

Joseph Schooling of Singapore poses with his gold medal.    REUTERS/Marcos Brindicci

Joseph Schooling of Singapore poses with his gold medal. REUTERS/Marcos Brindicci

“Its been a hard road, I’ve done something that no one in our country has done before. I’ve received a lot of support and that’s phenomenal,” Schooling told reporters.

“It’s been a tough road, I’m not going to lie, the first guy through the wall, it’s always bloody,” he said.

Watched by his mother and president Tony Tan in the stands, the 21-year-old beat Phelps, South Africa’s Chad Le Clos and Hungary’s Laszlo Cseh in the 100 meters butterfly final on Friday, to grab the gold while the others completed a remarkable three-way dead-heat for silver.

Singapore has spent millions trying to win more medals at the Olympics, including offering a Foreign Sports Talent program which grants promising foreign athletes citizenship, as well as a S$1 million ($743,494.42) prize for gold medals.

Schooling left the country at 14 to train in the United States and now studies at the University of Texas in Austin, whose program is led by two-time U.S. Olympic men’s head coach Eddie Reese.

He was inspired to aim for the Olympics as a six-year-old after a dinner conversation about his grand-uncle, Lloyd Valberg, a former national high-jumper who was also Singapore’s first Olympian, according to local media reports.

“This moment is not about me, it’s all about my coaches my friends my family that believed that when I was a six year old kid that I could do it,” he said.

Schooling won Singapore’s first medal at last year’s World Championships in the 100 butterfly. He also broke two Asian records.

On Friday he set a new Olympic record of 50.39 seconds.

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In just one performance, Singapore's Joseph Schooling beat swimming great Michael Phelps, took home his city state's first Olympic gold medal and became an instant millionaire.Known at home for smashing national records and taking multiple titles in regional competitions, Schooling had held the hopes of Singapore, a Southeast Asian...