Simone Biles Net Worth (Money & Salary)

What Is Simone Biles’ Net Worth?

With a net worth of $25 million, Simone Biles stands out as an American artistic gymnast recognized for her extraordinary accomplishments. She holds the title of the most accomplished American gymnast ever, boasting over 30 medals from both the Olympics and World Championships. Many consider her to be the greatest gymnast in history. As of this moment, Simone’s achievements include seven Olympic gold medals, two silver medals, and two bronze medals. Moreover, she ranks among the highest-paid Olympic athletes globally. In the following section, we will elaborate on her numerous endorsements with top-tier companies.

Simone Biles attained remarkable feats during the 2016 Summer Olympics, where she participated as a member of the US team known as the “Final Five.” At these games, she secured individual gold medals in floor, vault, and all-around. Additionally, she earned a bronze on the balance beam and contributed to the US team’s gold medal win. Holding the record for the most US championships, Simone has won this title EIGHT times, beginning with her first win in 2013 at just 16 years old. Most recently, she clinched her eighth championship in August 2023 at age 26.

Regrettably, Simone faced challenges at the 2020 Summer Olympics held in Tokyo, which were postponed to 2021 due to COVID. She managed to take home a bronze in the balance beam category and a silver with her team. Partially withdrawing from the competition, she experienced the phenomenon known as “the twisties,” characterized by a temporary loss of air balance awareness for gymnasts. Prior to the 2020 Olympics, including the lead-up and the post-delay period, Simone was heavily marketed as the top US athlete regarding endorsements, earning around $20 million from various deals, which will continue into the future.

Endorsements

Over the years, Simone Biles has enhanced her gymnastics earnings through various brand endorsements. Before the 2016 Olympics, she gained attention by featuring in a Tide commercial with several fellow gymnasts.

In 2015, she entered into an exclusive, long-term contract with Nike, along with a partnership with GK Elite Sportswear to create a line of leotards inspired by Simone Biles.

In August 2016, Simone and her “Final Five” teammates graced the cover of a special Wheaties box edition.

Following her triumphant performance at the 2016 Olympics, Simone secured several lucrative endorsement agreements with a variety of brands, including:

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

During the 2020 Olympics, Simone was recognized as the highest-paid Olympic athlete concerning endorsements, earning no less than $20 million from 2019 to 2021.

In April 2021, just three months before the 2020 Olympics took place, Simone notably announced her decision to leave Nike in favor of signing with Athleta. The agreement included a commitment from Athleta to organize a national exhibition for Simone following the Olympics, directly competing with a similar event traditionally arranged by USA Gymnastics. Furthermore, Simone and Athleta are set to collaborate on a new line of activewear.

Reports indicate that Simone chose to depart from Nike due to a misalignment with her values. She expressed concerns regarding Nike’s record of scandals, employee complaints, and the controversies that have plagued the dominant sportswear company in recent years.

Early Life

On March 14, 1997, Simone Arianne Biles was born in Columbus, Ohio. Throughout her childhood, she frequently moved in and out of foster care alongside her three siblings. In 2000, her grandmother took a significant role in her upbringing, leading Simone to grow up in the suburbs of Houston, Texas. Raised within a Catholic environment, she has strong ties to Belize due to her mother’s Belizean heritage, and she retains Belizean citizenship to this day.

It became evident at an early age that Simone was destined to excel as a professional gymnast. Consequently, she was homeschooled after being withdrawn from traditional schooling so that she could train over 33% more. By the time she was competing at an elite level, she hadn’t even begun her university education.

Career

Simone’s gymnastics journey began quite early, and by age 8, she was training under coaches like Aimee Boorman. Competing at the American Classic in Houston at 14, she secured a third-place finish. In 2012, she clinched first place at the American Classic in Huntsville, leading to her selection for the US Junior National Team. The following year, she made her senior international debut at the American Cup, later competing at the Jesolo Trophy where she contributed to the United States team’s gold medal win.

After a lackluster showing at the 2013 US Classic, Simone was invited by Márta Károlyi to a private training camp, and she began working with a sports psychologist. These changes led to improved performances, and she was subsequently chosen for the World Championships team. A standout showing at the 2013 Artistic Gymnastics Championships earned her another first-place finish, showcasing the incredible talent of the 16-year-old, who outperformed older, more experienced international gymnasts.

Despite encountering a shoulder injury that slowed her progress in 2014, Biles made a remarkable comeback at the US Classic in Chicago, winning by a significant margin. She also competed again at the World Artistic Gymnastics Championships, helping the United States secure another victory and gold medal. In 2015, she triumphed at the AT&T American Cup in Arlington, Texas, which led to her nomination for the James E. Sullivan Award. Additional victories followed at the City of Jesolo Trophy, the U.S. Classic, and the US National Championships.

Alongside other prominent American gymnasts, Biles competed at the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, and won the title for the third consecutive time, bringing her total World Championships medals to 14. Continued strong performances in 2016 resulted in her selection to represent the United States at the Summer Olympics in Brazil that year.

At the 2016 Olympics, Simone played a crucial role in helping the US team secure first place. She qualified as the top overall gymnast in four out of five individual finals. Her Olympic journey began with a gold medal win in the team event, followed by another gold in the individual all-around category, as well as a bronze in the balance beam final and an additional gold medal in the women’s floor exercise.

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After taking a brief break from competing, she resumed her gymnastic career with enhanced routines from 2018 onwards, achieving her final exercise, which brought her total to four Olympic gold medals.

In 2022, President Joe Biden honored Simone Biles with the Presidential Medal of Freedom.

Relationships

Biles began dating fellow gymnast Stacey Ervin Jr. in 2017, but the couple ended their three-year relationship in 2020. Later that same year, she revealed her relationship with professional football player Jonathan Owens. They became engaged on February 15, 2022, and tied the knot on April 22, 2023.

Larry Nassar

In 2018, Simone joined a group of current and former Olympians in accusing Larry Nassar, the USA gymnastics physician, of sexual assault. Alongside many of her teammates, she argued that USA Gymnastics enabled the abuse to persist for an extended period, claiming the organization attempted to conceal it as well. She chose not to attend Nassar’s trial in 2018 because she wasn’t emotionally prepared to confront her abuser.

Real Estate

In 2020, Biles took to social media to announce her new home purchase, sharing several photos of her property. While limited details were available, it was evident that her residence was both spacious and luxurious, featuring tile floors among other appealing aspects. Despite her established frugality, it appears Simone made an exception for this real estate investment, which was smart financially. Public records indicate she acquired the house for under $750,000.

In 2023, Simone shared that she and her husband, Jonathan Owens, were starting construction on a new home.

Earlier in 2017, Biles declared the sale of her childhood home in Houston, Texas. The 3,711-square-foot property was listed at $289,000 on the housing market. According to HAR’s listing, the ultimate selling price fell between $250,001 and $285,000.