OLYMPICS | GYMNASTICS

What is Simone Biles' net worth?

Simone Biles has been on the global gymnastics stage for close to a decade. How much has she made during her career thus far? Our team took a look.

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What is Simone Biles' net worth?
LINDSEY WASSON REUTERS

This year, Simone Biles is the only veteran returning to represent Team USA at the Tokyo Games. After her Gold Medal performance in Rio and her world championships, the pressure is on for Biles.

The superstar gymnast took to Instagram on Monday to express her feelings on the games so far, saying, “It wasn’t an easy day or my best, but I got through it. I truly do feel like I have the weight of the world on my shoulders at times.”

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 Biles’ net worth

Simone Biles estimated net worth stands at around six million dollars, according to Celebrity Net Worth. Her status as a World Champion since 2013 has led to many lucrative sponsorship deals, which account for the majority of her wealth.

Additionally, at the 2016 Olympic Games, each Gold Medalist was awarded $25,000, $15,000 for Silver, and $10,000 for Bronze. With four gold medals and one bronze, Biles walked away from $110,000 richer.

This year, USA Today has reported that athletes can expect to win “$37,500 for each gold medal they win this year, $22,500 for each silver, and $15,000 for each bronze. In team sports, each team member splits the pot evenly.” Meaning that this year Biles and the entire USA team could leave the games with even more money than in 2016.

Sponsorships

Simone Biles has also partnered with various companies through sponsorship deals, including Athleta, Nike, Kellogg’s, Hershey’s, and more.

Biles recently announced that her partnership with Nike would be ending, and on the eve of the Olympic Games, she announced that she would begin working with Athleta.

She made the decision based on the company’s commitment “to diversity and inclusion,” which she has said is very important to her.

Both parties have been quiet on how much Simone Biles will be paid through the deal.