Simone Biles

Simone Biles Net Worth: How much is the Olympian Gymnast Makes?

Net Worth

Simone Biles holds the record for most gold, silver, and bronze medals won by an American woman gymnast (both Olympic and World Championship medals). One of gymnastics’ most accomplished athletes, Simone, is safe to say. Simone Biles, according to many, is one of the best gymnasts of all time.

Life in the Earlier Years

Simone Arianne Biles was born in Columbus, Ohio, on March 14, 1997. When Simone was a child, she and her three siblings were frequently placed in and out of foster homes. In 2000, Biles’ grandmother took a more active role in her upbringing, and she grew up in the suburbs of Houston, Texas during this time. Simone’s mother is from Belize, therefore she grew up with a close connection to the country. As of now, she is still a citizen of Belize.

Simone’s future as a professional gymnast was evident from an early age. Since then she has been homeschooled for all of her secondary schoolings. Because of this, Simone was able to train 33% more and compete at the top level before she ever started college.

Simone Biles Career

By the time she was 8 years old, Biles was training with Aimee Boorman and other top gymnastics trainers. Simone raced in the American Classic in Houston at the age of 14. She came in third place. Simone won the American Classic in Huntsville, Alabama, in 2012. She was a member of the Junior National Team for the United States that year. Before competing in the City of Jesolo Trophy, Simone made her senior international debut at the American Cup and helped the U.S. team earn a gold medal.

Márta Károlyi invited Simone to a private camp after she had a disappointing showing at the 2013 US Classic, and the young gymnast also began training with a sports psychologist. Afterward, Simone was selected for the World Championships team. Another first-place finish at the 2013 Artistic Gymnastics Championships was a result of a clear performance. Even at 16, she had already proven herself to be an exceptional gymnast, outperforming foreign gymnasts who were far more experienced than she was.

Due to an injury to her shoulder in 2014, Biles had a sluggish start to her career, but she quickly recovered and won the US Classic in Chicago by a huge margin. She returned to the World Artistic Gymnastics Championships for a second time, this time guiding the United States to another triumph and a gold medal. She competed in two events. While competing in the AT&T American Cup, she won first place that year in Arlington. She was nominated for the James E. Sullivan Award after this performance. The City of Jesolo Trophy, the U.S. Classic, and the U.S. National Championships were just a few of the tournaments in which he won.

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At the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, American gymnasts including Biles represented the United States and won the championship for the third time in a row. She had won a total of 14 medals at the World Championships by this point. It appeared inevitable that Biles would be selected to represent the United States at the 2016 Summer Olympics in Brazil after a streak of impressive results.

During the 2016 Olympic Games, Simone helped the United States gymnastics team secure a first-place finish, and she qualified as the best overall gymnast in four of the five individual finals. With her first gold medal in the team event, she went on to win gold in the individual all-around category. As well as winning gold in the women’s floor exercise final, she also won bronze in the balancing beam final. After a brief absence from competition, she returned in 2018 with new routines and a more serious focus on training.

Endorsements

Over the years, Simone Biles has used a variety of commercial endorsements to boost her gymnastics revenue. Before the 2016 Olympic Games, she was well-known for her appearance in a Tide commercial with other gymnasts.

She secured a long-term contract with Nike in 2015, making her the first woman to do so. With GK Elite Sportswear in the same year, she signed on to produce a line of leotards for Simone Biles.

During the summer of 2016, Simone and her teammates from the “Final Five” were featured on the cover of a Wheaties box.

She received significant endorsement deals with a slew of companies after her Olympic triumphs in 2016, including but not limited to:

United Airlines
The Hershey Company
Procter & Gamble
Mattress Firm
Spieth America
Beats by Dre
Athleta
Visa
Oreo
Uber Eats
MasterClass
Facebook Watch

Simone was the highest-paid Olympic athlete in terms of endorsements leading up to and during the 2020 games. From 2019 through 2021, she received at least $20 million in endorsements.

In April 2021, just three months before the 2020 Olympic Games, Simone announced that she was leaving Nike and signing a contract with Athleta. Athleta promised to put on a national demonstration for Simone following the Olympics, in direct competition with a similar event hosted by U.S. Gymnastics, as part of their arrangement. A collection of activewear from Simone and Athleta is also in the works.

Nike’s principles no longer aligned with Simeone’s, according to reports. Concerned about Nike’s recent scandals, complaints from employees, and other concerns, she wanted to know more.

Simone Biles Relationships

Simone Biles wirth her husband

In 2017, Biles began dating fellow gymnast Stacey Ervin Jr. After dating for three years, the couple has a breakdown in 2020. That year, Simone made a big love announcement: she was seeing NFL star, Jonathan Owens.

Larry Nassar

Many gymnasts, including Simone, accused USA Gymnastics doctor Larry Nassar of sexual assault in 2018. Many of her teammates have accused USA Gymnastics of directly enabling the abuse to go on for a long length of time, and she has also accused the organization of trying to cover it up. Due to her inability to face her abuser, she declined to testify in Nassar’s trial in 2018.

Investing in property

Biles revealed on social media in 2020 that she had bought a new house and shared a few photos of it. Although images of her new home showed tile flooring and other details, not much information was released about it. Although Simone is known for her thrift, it appears that she was willing to splurge on real estate, which was a wise decision. Back in 2017, Biles put her childhood house in Houston, Texas on the market and sold it for $1.5 million. The 3,711-square-foot home was put on the market for $289,000, and it has three bedrooms and two bathrooms.

Simone Biles’s Net Worth

American artistic gymnast Simone Biles is worth an estimated $16 million.

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