Simone Biles is more than just a gymnastics legend; she is also one of the wealthiest athletes in the world.
With a net worth of $25 million, her financial success comes from years of dedication, skill, and smart business decisions.
From winning Olympic gold medals to signing big endorsement deals, Simone has built her wealth through her talent and hard work.
In this article, we’ll break down her net worth, explore how she earns her money, and look at the major milestones that helped her become a global icon.
Simone Biles’ Career Achievements
Olympic Glory
Simone Biles has had a remarkable Olympic career. She has won seven medals, including:
- Four Gold Medals: Team, individual all-around, floor exercise, and vault (2016 Rio Olympics).
- Two Silver Medals: Team competition (2020 Tokyo Olympics).
- One Bronze Medal: Balance beam (2016 Rio and 2020 Tokyo Olympics).
Her dominance at the 2016 Rio Olympics cemented her as a global sensation. Competing as part of the “Final Five” U.S. team, Simone captured hearts with her extraordinary performances and unmatched skill.
World Championships Dominance
Simone has won 25 World Championship medals, making her the most decorated gymnast in the history of the competition.
These include 19 gold medals, further solidifying her status as a gymnastics legend.
National Championships
Simone’s consistency is evident in her record-breaking eight U.S. National Championship titles.
She won her first in 2013 and continued her dominance into 2023, a testament to her longevity in a physically demanding sport.
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Endorsements: The Driving Force Behind Simone Biles’ Wealth
Simone Biles has partnered with some of the world’s biggest brands, which significantly contributed to her net worth.
Early Endorsements
Simone began attracting endorsements even before the 2016 Olympics. Her early deals included partnerships with Nike and GK Elite Sportswear, which designed a line of Simone Biles-branded leotards.
Post-Olympic Success
After her success in Rio, Simone signed major deals with global brands, including:
| Brand | Details |
|---|---|
| Athleta | Signed in 2021, featuring activewear collaborations and exhibition events. |
| Beats by Dre | Promoted premium headphones and audio devices. |
| MasterClass | Launched online gymnastics and mental health classes. |
| Oreo & Uber Eats | Starred in creative advertisements. |
| Visa | Continued as a long-term Olympic sponsor. |
Between 2019 and 2021, Biles earned over $20 million from endorsements, making her one of the highest-paid Olympic athletes.
Switching from Nike to Athleta
In 2021, Simone made headlines when she left Nike to partner with Athleta, a brand that aligned more closely with her values.
Athleta supported her mental health advocacy and organized gymnastics exhibitions that challenged USA Gymnastics’ traditional dominance.
Simone Biles’ Early Life
Overcoming Adversity
Born on March 14, 1997, in Columbus, Ohio, Simone had a challenging childhood. She and her three siblings spent time in foster care due to their biological mother’s struggles. In 2000, her grandparents adopted Simone and her sister, providing the stability that helped shape her future.
Discovering Gymnastics
At the age of six, Simone’s love for gymnastics was sparked during a daycare field trip. By age eight, she was training with coach Aimee Boorman. Simone’s talent was evident, and her homeschooling allowed her to dedicate more time to training.
Career Milestones
Early Competitions
Simone competed in her first major event, the American Classic, in 2011, where she placed third. By 2013, she joined the senior international gymnastics scene, winning multiple gold medals at the World Championships.
Breaking Records
From 2013 onward, Simone consistently broke records:
- 2014: Won her second World All-Around title, despite recovering from a shoulder injury.
- 2015: Clinched her third consecutive World All-Around title, a feat rarely achieved.
Return After Hiatus
After taking a brief hiatus following the 2016 Olympics, Simone returned to competition in 2018 with upgraded routines. She continued to push boundaries, qualifying for the 2020 Tokyo Olympics, where she overcame mental health challenges to win more medals.
Simone Biles’ Personal Life
Relationships
Simone began dating NFL player Jonathan Owens in 2020. The couple announced their engagement in February 2022 and got married in April 2023.
Advocacy
In 2018, Simone joined other gymnasts in accusing former USA Gymnastics doctor Larry Nassar of abuse. Her courage helped expose systemic failures within the organization, sparking widespread reform.
Real Estate Investments
Simone has made smart real estate decisions, reflecting her financial acumen:
- In 2020, she purchased a luxurious home for under $750,000.
- In 2023, she and Jonathan Owens announced plans to build their dream home.
Her investments demonstrate a balanced approach to spending and saving.
Simone Biles’ Financial Impact on Gymnastics
Simone’s success has not only boosted her net worth but also elevated the sport of gymnastics.
| Contribution | Impact |
|---|---|
| Increased Global Interest | Inspired young athletes worldwide to take up gymnastics. |
| Mental Health Advocacy | Reduced stigma around athletes seeking psychological support. |
| Endorsement Benchmarks | Set new financial standards for gymnasts in securing major brand deals. |
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Lessons from Simone Biles’ Journey
- Resilience Pays Off: Simone’s journey from adversity to success demonstrates the power of determination.
- Mental Health Matters: Her openness about challenges like “the twisties” has encouraged broader conversations around mental well-being.
- Smart Investments: From real estate to brand deals, Simone has built a sustainable financial future.
Conclusion
Simone Biles’ net worth of $25 million is a testament to her unparalleled achievements in gymnastics and beyond.
Her journey from a challenging childhood to global stardom showcases her resilience, talent, and vision.
As she continues to inspire future generations, Simone’s legacy extends far beyond her medals—it’s a story of breaking barriers and redefining greatness.
