GYMNASTICS
What is Simone Biles’ net worth?
One of the biggest names in global gymnastics, Simone Biles has operated at the top of her game for nearly a decade. We look at what that has earned her.
Seven time Olympic medallilst Simone Biles will return to competition at the 2023 US Classic in August after a two year hiatus.
The superstar gymnast was married nearly two months ago to NFL safety Jonathan Owens, with the couple saying their vows in Cabo, Mexico.
Dominating the sport for nearly a decade, Biles has had another similar hiatus in 2018, and she came back in the same way to dominate again. The fact that she is doing it again suggests that she may want to go out on her own terms.
Biles’ net worth
Simone Biles estimated net worth stands at around sixteen million dollars, according to Celebrity Net Worth, and that number is growing daily. 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.
In 2020, the U.S. Olympians earned $37,500 for every gold medal, $22,500 for each silver medal and $15,000 for bronze medals. Taking bronze and silver, Biles would have raked in at least $37,500 during the Tokyo Olympics.
Endorsements
Simone Biles has also partnered with various companies through sponsorship deals, including Athleta, Nike, Kellogg’s, Hershey’s, and more.
Biles ended her partnership with Nike in 2020 and on the eve of the Olympic Games she announced that she would begin working with Athleta.
According to Forbes, Biles is making at least $5 million a year through these partnerships, and other brands include Visa, GK Elite, and United Airlines.