Simone Biles Net Worth (Money & Salary)

Simone Biles Net Worth (Money & Salary)

Title: Simone Biles Net Worth (Money & Salary)
Last Updated: February 4, 2025


What Is Simone Biles’ Net Worth?

With a net worth of $25 million, Simone Biles is an esteemed American artistic gymnast. Regarded as the most decorated American gymnast in history, she has clinched over 30 medals, including both Olympic and World Championship titles. Many consider Biles to be the greatest gymnast ever. As of now, she has earned seven Olympic gold medals, two silver medals, and two bronze medals, making her among the highest-paid Olympic athletes globally. In the following section, we will outline some of her significant endorsement deals with major global corporations.

Some of her remarkable achievements took place during the 2016 Summer Olympics. Competing as part of the US team known as the “Final Five,” Simone secured individual gold medals in floor, vault, and all-around categories. Additionally, she won a bronze medal on balance beam and another gold as a key member of the US team. Notably, Simone holds a record of EIGHT US championship titles, having won her first at the age of 16 in 2013. Her eighth championship victory occurred at the age of 26 in August 2023.

Sadly, at the 2020 Summer Olympics held in Tokyo (postponed to 2021 due to COVID), Simone experienced difficulties, earning a bronze on the balance beam and a silver with her team. She decided to partially withdraw from the event after experiencing “the twisties,” a condition where a gymnast temporarily loses their balance awareness in the air. Leading up to the 2020 Olympics, Simone emerged as the most marketed US athlete concerning endorsements, generating an estimated $20 million from various deals before and after the postponement of the games, with contracts extending into the future.

Endorsements

Over the years, Simone Biles has enhanced her gymnastics earnings through multiple brand endorsements. Before the 2016 Olympics, she notably appeared in a Tide commercial featuring several other gymnasts.

In 2015, she secured a long-term exclusive deal with Nike and partnered with GK Elite Sportswear to create a line of leotards named after her.

August 2016 saw Simone and her “Final Five” teammates gracing the cover of a special Wheaties box edition.

Following her stunning performance at the 2016 Olympics, Simone entered into high-value endorsement agreements with numerous brands, including:

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

In the lead-up to and during the 2020 Olympics, Simone was the Olympian with the highest endorsement earnings, amassing at least $20 million from 2019 to 2021.

In April 2021, just three months ahead of the 2020 Olympics, Simone made headlines by terminating her contract with Nike in favor of partnering with Athleta. The agreement included a pledge from Athleta to arrange a national exhibition for her following the Olympics, set in direct competition with a similar exhibition traditionally hosted by USA Gymnastics, alongside the creation of an activewear line.

Simone reportedly exited Nike because she felt the company no longer aligned with her values. She specifically expressed concerns regarding Nike’s history of scandals, employee issues, and various controversies that have impacted the major sportswear brand recently.

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Alex Livesey/Getty Images

Early Life

Born on March 14, 1997, in Columbus, Ohio, Simone Arianne Biles faced a turbulent childhood, frequently transitioning in and out of foster care alongside her three siblings. In 2000, her grandmother took an active role in her upbringing, and during this time, Biles grew up in Houston, Texas’ suburbs. She was raised in a Catholic family and maintained a strong connection to Belize, her mother’s homeland. To this day, she possesses Belizean citizenship.

From a young age, it was evident that Simone was on a path toward being a professional gymnast. Consequently, she was homeschooled after being removed from traditional schooling, allowing her to dedicate over 33% more time to training. By the time she entered university, Simone was already competing at the Olympic level.

Career

Simone’s gymnastics journey began at an incredibly young age; by 8, she was training under coaches like Aimee Boorman. At 14, she participated in the American Classic, obtaining a third-place finish. Her talent shone through in 2012, where she secured first place at the American Classic in Huntsville, leading to her selection for the US Junior National Team. Following that, in 2013, she debuted internationally at the American Cup and contributed to the United States team winning a gold medal at the City of Jesolo Trophy.

After a lackluster performance at the 2013 US Classic, Simone received an invitation from Márta Károlyi to attend a private camp, where she began collaborating with a sports psychologist. Enhanced results followed, culminating in her selection for the World Championships team. Another outstanding performance at the 2013 Artistic Gymnastics Championships saw her clinch another first-place finish. At just 16 years old, Simone already demonstrated remarkable skill, surpassing the performance of more seasoned international gymnasts.

The year 2014 began slowly for Biles due to a shoulder injury, but she rebounded impressively at the US Classic in Chicago, clinching victory by a significant margin. Competing again at the World Artistic Gymnastics Championships, she aided the United States in claiming yet another gold medal. In 2015, her first place at the AT&T American Cup in Arlington, Texas, led to a 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.

Biles, alongside other renowned American gymnasts, represented the United States at the 2014 World Artistic Gymnastics Championships held in Glasgow, Scotland, winning the championship for the third time consecutively. By this time, she had amassed a total of 14 World Championships medals. Her streak of successful performances continued in 2016, leading to her selection to represent the United States in the Summer Olympics in Brazil.

During the 2016 Olympics, Simone played a crucial role in helping the US team qualify in first place and stood out as the top gymnast overall in four of the five individual finals. She soon achieved her first Olympic gold medal in the team event, followed by another gold in the individual all-around competition. Additionally, she secured a bronze medal in the balance beam final, along with another gold in the women’s floor exercise.

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With a total of four Olympic gold medals, Simone Biles finished her final exercise. After a short break from competing, she resumed her gymnastics journey with enhanced routines starting in 2018.

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

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(Photo by Alex Livesey/Getty Images)

Relationships

Simone Biles began dating gymnast Stacey Ervin Jr. in 2017. The couple ended their three-year relationship in 2020. In the same year, she revealed that she was dating professional football player Jonathan Owens. They got engaged on February 15, 2022, and tied the knot on April 22, 2023.

Larry Nassar

In 2018, Simone joined numerous other current and former Olympians in accusing Larry Nassar, the USA gymnastics physician, of sexual assault. She, along with many teammates, alleged that USA Gymnastics played a significant role in allowing the abuse to persist for years and claimed the organization tried to conceal it. She opted not to attend Nassar’s trial in 2018, feeling emotionally unprepared to confront her abuser.

Real Estate

In 2020, Biles took to social media to announce her new home purchase, sharing several photos of her new space. While not many details were disclosed about the residence, it was evident that it was both spacious and luxurious, featuring tiled floors among other highlights. Although known for her frugal nature, it appears Simone decided to invest in real estate – a savvy move. Property records indicate that the house was bought for less than $750,000.

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

Back in 2017, Biles disclosed that she was selling her childhood home located in Houston, Texas. This 3,711-square-foot property hit the market with a price of $289,000. According to the HAR listing, the home sold for a price range between $250,001 and $285,000.

 


Simone Biles Net Worth (Money & Salary)

Thank you for taking the time to read this article titled: Simone Biles Net Worth (Money & Salary)

The data presented is from 2023 and 2024, with forecasted information extending to 2025 and 2026. We also expand these projections to include 2027 and 2028.

 



* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.

Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.

Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.

Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.

Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.

Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.

Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.

Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.

Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.

Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.


 


 
Post Title: Simone Biles Net Worth (Money & Salary)
Last Updated: February 4, 2025

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