Olympic Veteran Simone Biles’ Net Worth Is Staggering: How Much Money the Gold Medalist Has Earned
She’s killed it on the gymnastics floor and in the bank! Olympic veteran Simone Biles stole America’s heart since she first competed on Team USA during the 2016 Olympic games in Rio de Janeiro, Brazil. Keep reading for details on the gold medalist’s net worth and how she makes money.
What Is Simone Biles’ Net Worth?
The Texas native has an estimated net worth of a whopping $16 million as of 2023, according to Celebrity Net Worth.
How Does Simone Biles Make Money?
The competitor began her elite career at the 2011 American Classic in Houston, where she placed third all-around. The following year, she was named to the U.S. Junior National team. In 2013, she moved up to senior elite and made her debut at the American Cup, a senior-level international gymnastics competition.
By 2014, the contender had won an incredible 14 World Championship gold medals. Two years later, she was selected to represent the United States at the Olympics for the first time. She won four gold medals and one bronze medal during the summer games.
According to a 2018 report from CNBC, Olympic athletes are paid $37,500 per gold medal, $22,500 per silver medal and $15,000 per bronze medal — so Simone’s Olympic wins have made her a collective $165,000 at the Rio games.
Simone led the U.S. gymnastics team to the 2020 Tokyo Summer Olympics, but unfortunately was forced to bow out of several events after developing the “twisties,” which caused her to lose spatial awareness during her intense routines. She was still able to come away with a bronze medal in the balance beam competition and a silver medal in the women’s team final.
How Does Simone Biles Make Money Outside of Gymnastics?
The world champion has a range of endorsements with popular brands that supplement her gymnastics income, including Nike, Athleta, Visa, United Airlines, Spieth America gymnastics equipment, Uber Eats and skincare brand SK-II. Prior to the 2016 Olympics, she shared the screen with several other national gymnasts in a popular commercial for Tide.
How Many Social Media Followers Does Simone Biles Have?
With a following of 6.6 million on Instagram and another 1.6 million on Twitter, the athlete has the opportunity to partner with brands on paid social media posts — which can be incredibly lucrative when you’re the most decorated Olympic gymnast in the United States.
How Has Simone Biles Made Money in Real Estate?
In 2019, the athlete purchased a $2 million mansion in her native Houston, Texas. Simone sold her 3,711-square foot childhood home in the city for $289,000 in 2017.
Simone and fiancé, NFL pro Jonathan Owens, are going to build their own home together, as she shared a photo of an empty piece of land they purchased on March 5, 2023. “A home is made with love and dreams,” she wrote in the caption, adding, “Cheers to breaking ground.” The pair got engaged in February 2022 after a year and a half of dating.
