Simone Biles is often referred to as the greatest gymnast of all time. That’s a title that’s fairly hard to argue with. With 11 Olympic medals and 30 World Championship medals, Biles is the most decorated gymnast not just in the world, but in history. President Joe Biden awarded her with the Presidential Medal of Freedom in 2022, before she won her eighth U.S. Gymnastics title – shattering a 90-year record while she was at it.
She has not only made a significant impact in the world of gymnastics but has also considerable wealth through her superior talent and numerous lucrative endorsements. As of 2024, Simone Biles’ net worth is estimated to be around $25 million.
Simone Biles’s Early Life and Career
Born on March 14, 1997, in Columbus, Ohio, Simone Biles faced numerous challenges early in her life. She and her siblings were placed in foster care due to their mother’s struggles with substance abuse. Fortunately, her grandparents, Ronald and Nellie Biles, adopted Simone and her younger sister, providing them with a stable and loving home. Biles was raised in a suburb of Houston, TX. She also holds citizenship in Belize, and considers the country her second home.
Simone’s journey into gymnastics began at the age of six during a daycare field trip to Bannon’s Gymnastics. Her natural talent and dedication quickly became evident, and she never missed a practice. Her competitive career took off in 2011 at the American Classic in Houston, and by 2013, she made her senior international debut.
Achievements and Endorsements
Simone Biles’ list of achievements is nothing short of extraordinary. She has won a total of numerous Olympic medals, including four golds at the 2016 Rio de Janeiro Olympics. She’s the tenth female gymnast and first American female gymnast to score a World medal on every event in the World Championship. Who set the bar for the most difficult skills on women’s vault, balance beam, and floor exercise? Biles, of course.
Her success on the mat has translated into lucrative endorsement deals. Simone has partnered with major brands such as Nike, GK Elite Sportswear, United Airlines, The Hershey Company, Procter & Gamble, and many more. These endorsements have significantly contributed to her overall net worth, with estimates suggesting she earned around $20 million from endorsements alone between 2019 and 2021.
How Much Does Simone Biles Get Paid?
Based on those numbers, Biles will earn a $135,000 bonus for winning her three gold medals and one silver medal in Paris. That amount pales in comparison to the $7.1 million Biles made in 2023, according to estimates by Forbes.
Simone Bile’s Personal Life
In April 2023, Simone Biles married Jonathan Owens, an NFL player for the Chicago Bears. The couple first met in March 2020 on the Raya dating app and celebrated their union with a beautiful ceremony in Cabo San Lucas.
Simone Biles continues to be a dominant force in gymnastics. She won three medals at the 2024 Paris Olympics and remains a beloved figure in the sport. When asked about participating in the 2028 Summer Olympics, Simone hinted that she might compete, especially since the games will be held on home turf. Simone Biles’ journey from a challenging childhood to becoming a Black woman with global icon status is truly inspiring. Her net worth of $25 million is a testament to her hard work, dedication, and the impact she has made both in and out of the gymnastics arena.