What is Simone Biles' Net Worth?
Simone Biles is an American artistic gymnast with a net worth of $25 million. She is the most accomplished American gymnast in history with over 30 medals from the Olympics and World Championships. Many consider her the greatest gymnast of all time. Simone has earned six Olympic gold medals, one silver, and two bronze. As one of the highest-paid Olympic athletes, she has secured numerous endorsement deals with major companies.
Her remarkable achievements include the 2016 Summer Olympics, where she won individual golds in floor, vault, and all-around, a bronze on the balance beam, and another gold with the US team, the "Final Five." Simone has dominated US championships, winning eight of them, a record. She claimed her first title in 2013 at 16 and her eighth in 2023 at 26.
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Challenges at the Tokyo Olympics
Despite her prowess, Simone faced difficulties at the 2020 Tokyo Olympics, held in 2021 due to COVID-19. She took home a bronze on the balance beam and a silver with the team. Simone partially withdrew due to "the twisties," a temporary loss of air balance awareness. Her endorsements proved invaluable, earning her an estimated $20 million from deals spanning the period around the Tokyo Olympics.
Endorsements
Simone Biles has enhanced her gymnastics earnings with significant endorsements. Before the 2016 Olympics, she featured in a Tide commercial with fellow gymnasts. In 2015, she signed a long-term deal with Nike and collaborated with GK Elite Sportswear for a line of Simone Biles leotards.
In August 2016, she and her "Final Five" teammates graced a special edition Wheaties box cover. Her post-2016 Olympic success led to endorsements with:
- United Airlines
- The Hershey Company
- Procter & Gamble
- Mattress Firm
- Spieth America
- Beats by Dre
- Athleta
- Visa
- Oreo
- Uber Eats
- MasterClass
- Facebook Watch
Simone was the highest-paid Olympic athlete by endorsements leading up to the Tokyo games, earning at least $20 million from 2019 to 2021.
In April 2021, Simone switched from Nike to Athleta, citing a misalignment of values with Nike. The Athleta deal included a national exhibition post-Olympics and a new active wear line.
(Photo by Alex Livesey/Getty Images)
Early Life
Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. Raised in foster care, her grandmother assumed guardianship in 2000, and Simone was raised in Houston suburbs, maintaining strong Belizean roots through her mother. She holds Belizean citizenship and grew up in a Catholic home.
Showing early promise in gymnastics, Simone homeschooled to train more rigorously and began competing internationally before university.
Career
Simone began training at age 8 under coaches like Aimee Boorman. By 14, she was competing at the American Classic. She joined the US Junior National Team in 2012 and made her senior international debut in 2013. Her performance in the 2013 World Championships solidified her status as a top gymnast.
Despite a shoulder injury in 2014, Simone continued her success with the US Classic and the World Artistic Gymnastics Championships. She won various titles including gold at the 2016 Summer Olympics in Brazil. Simone claimed multiple gold medals for team and individual events, affirming her global dominance in gymnastics.
In 2022, President Joe Biden awarded Simone the Presidential Medal of Freedom.
Relationships
Simone began dating gymnast Stacey Ervin Jr. in 2017, but they split in 2020. She then started a relationship with NFL player Jonathan Owens. The couple got engaged in February 2022 and married in April 2023.
Larry Nassar
In 2018, Simone joined fellow Olympians in accusing USA Gymnastics physician Larry Nassar of sexual assault. She criticized USA Gymnastics for allowing the abuse and attempting a cover-up. Simone chose not to attend Nassar's trial, citing emotional unpreparedness.
Real Estate
In 2020, Simone purchased a new, spacious home, sharing glimpses on social media. It was a significant investment, with property records indicating a price below $750,000.
In 2023, she announced ongoing construction of a new home with her husband Jonathan Owens. In 2017, Simone sold her childhood home in Houston for $250,001 to $285,000.
