Simone Biles' Net Worth: Inside the $25 Million Fortune

Simone Biles' Net Worth: Inside the $25 Million Fortune.

What Is Simone Biles' Net Worth?

Simone Biles is an American artistic gymnast with a net worth of $25 million. She's widely regarded as the most successful American gymnast ever, boasting over 30 medals from both the Olympics and World Championships. Many fans and experts consider her the greatest gymnast in history.

As of now, Simone has snagged seven Olympic golds, two silvers, and two bronzes. Plus, she's among the highest-paid Olympic athletes globally, thanks to numerous endorsement deals with some of the biggest brands out there. A lot of her standout moments happened during the 2016 Summer Olympics, where she was part of the US team called the "Final Five."

At those games, she took home gold medals in floor, vault, and all-around, along with a bronze on the balance beam and another gold as part of the team. Simone has also made history by winning the US championship a record eight times, starting with her first title in 2013 at just 16 years old and clinching her eighth in August 2023 at 26.

Simone had a tough time at the 2020 Summer Olympics in Tokyo, which actually happened in 2021 due to COVID delays. She ended up with a bronze on the balance beam and a silver with her team. Unfortunately, she had to partially step back from the competition because of "the twisties," a situation where gymnasts lose their sense of balance in the air.

Before and after the postponement, Simone was the most promoted US athlete, raking in around $20 million from endorsements in the years leading up to the games, with contracts that will keep bringing in money for her in the future.

Endorsements

Simone Biles has boosted her gymnastics earnings with various brand partnerships over the years. Before the 2016 Olympics, she made waves by featuring in a Tide commercial with several other gymnasts.

In 2015, she locked in a long-term deal with Nike and teamed up with GK Elite Sportswear to create a line of Simone Biles leotards.

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

After her stellar performance at the 2016 Olympics, Simone landed some pretty sweet endorsement deals with brands like:

- United Airlines

- The Hershey Company

- Procter & Gamble

- Mattress Firm

- Spieth America

- Beats by Dre

- Athleta

- Visa

- Oreo

- Uber Eats

- MasterClass

- Facebook Watch

As the 2020 Olympics approached, Simone was the top-earning Olympic athlete in endorsements. Between 2019 and 2021, she raked in at least $20 million from these deals.

In April 2021, just a few months ahead of the 2020 Olympics, Simone made headlines by announcing her split from Nike to join Athleta. As part of the agreement, Athleta promised to set up a national exhibition for Simone after the Olympics, which would compete with a similar event usually put on by USA Gymnastics. Additionally, Simone and Athleta are teaming up to create a new line of activewear.

Simone reportedly decided to leave Nike because she felt their values didn’t align with hers anymore. She was particularly worried about Nike's history of scandals, employee issues, and various controversies that have surrounded the brand in recent years.

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Early Life

Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. Growing up, she and her three siblings often found themselves in foster care. In 2000, her grandmother stepped in to help raise her, and they settled in the suburbs of Houston, Texas. Coming from a Catholic family, Simone also has strong ties to Belize through her mother, who is Belizean, and she still holds citizenship there.

From a young age, it was obvious that Simone was meant to be a professional gymnast. She was taken out of traditional school and homeschooled for the rest of her secondary education, which gave her the chance to train significantly more. By the time she was ready for university, Simone was already competing at the Olympic level.

Career

Simone Biles kicked off her gymnastics journey at a super young age, starting training with coaches like Aimee Boorman by the time she was just 8. At 14, she made her mark at the American Classic in Houston, snagging third place. Fast forward to 2012, and she took first at the American Classic in Huntsville, earning a spot on the US Junior National Team. The following year, she debuted internationally at the American Cup, then went on to compete at the City of Jesolo Trophy, where she helped the US team snag a gold medal.

After a rough outing at the 2013 US Classic, Márta Károlyi invited Simone to a private training camp, and she also started seeing a sports psychologist. This led to better performances, and she was soon picked for the World Championships team. Another standout showing at the 2013 Artistic Gymnastics Championships saw her clinch first place again. By this time, the 16-year-old was already shining bright, outshining many seasoned international gymnasts.

2014 started off a bit rocky due to a shoulder injury, but Biles made a strong comeback at the US Classic in Chicago, winning by a huge margin. She competed again at the World Artistic Gymnastics Championships, helping the US team secure another gold medal. In 2015, she took first at the AT&T American Cup in Arlington, Texas, which led to her nomination for the James E. Sullivan Award. More wins followed at the City of Jesolo Trophy, the U.S. Classic, and the US National Championships.

Alongside other top American gymnasts, Biles represented the US at the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, winning for the third time in a row. By then, she had racked up a total of 14 World Championships medals. Her impressive streak continued into 2016, leading to her selection for the Summer Olympics in Brazil that year.

Simone played a key role in helping the US team snag first place at the 2016 Olympics, and she also stood out as the top gymnast in four out of five individual finals. She kicked off her Olympic journey by winning her first gold medal in the team event, then added another gold in the individual all-around competition. Plus, she took home a bronze in the balance beam final and yet another gold in the women's floor exercise final, bringing her total to four Olympic golds. After a short break from competing, she jumped back into gymnastics with upgraded routines starting in 2018.

In 2022, Simone Biles received the Presidential Medal of Freedom from President Joe Biden.

Simone Biles made an awe-inspiring return at the 2024 Olympics, reaffirming her status as one of the greatest gymnasts of all time. After a triumphant comeback in 2023, she dazzled audiences in Paris with breathtaking routines showcasing her unmatched athleticism and artistry. Biles secured multiple medals, including golds in individual and team events, solidifying her legacy. Her mastery of the Yurchenko double pike and other signature moves left fans and judges in awe. Beyond her medals, Biles inspired millions by advocating for mental health, resilience, and excellence, proving she’s not just an athlete but a role model for generations.

Relationships

In 2017, Biles started dating Stacey Ervin Jr., a fellow gymnast. They were together for three years before breaking up in 2020. Later that same year, Simone revealed she was seeing professional football player Jonathan Owens. They got engaged on February 15, 2022, and tied the knot on April 22, 2023.

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Larry Nassar

In 2018, Simone, along with several other Olympians, stepped forward to accuse USA gymnastics doctor Larry Nassar of sexual assault. She, like many of her teammates, believed that USA Gymnastics was complicit in letting the abuse go on for years and even tried to hide it. Simone chose to skip Nassar's trial that same year because she felt she wasn't emotionally prepared to confront her abuser.

Real Estate

In 2020, Biles took to social media to share that she had bought a new house, giving her followers a glimpse with a few photos. While not much info was shared about her new digs, it was evident that the place was both spacious and luxurious, featuring tile floors and other nice touches. Even though she's known for being careful with her money, it looks like Simone decided to treat herself a bit with this real estate purchase – a smart move, really. Records indicate the house was bought for under $750,000.

Fast forward to 2023, and Simone revealed that she and her husband, Jonathan Owens, were starting construction on a brand-new home.

Going back to 2017, Biles mentioned she was putting her childhood home in Houston, Texas, up for sale. The 3,711-square-foot property was listed for $289,000, and according to the HAR listing, it eventually sold for somewhere between $250,001 and $285,000.

Simone Biles has cemented her place as one of the greatest gymnasts of all time, not only through her unmatched athletic achievements but also by her advocacy for mental health and resilience. With multiple Olympic golds, World Championship titles, and a strong presence as a role model, Biles continues to inspire millions around the world.

Her ability to overcome challenges, both on and off the mat, makes her a true icon. As she looks toward the future, Biles' legacy will remain a shining example of dedication, excellence, and the power of perseverance in the face of adversity.