American artistic gymnast Simone Biles has a net worth of $16 million. With a total of 32 medals, Simone is the most decorated American gymnast in history (both Olympic and World Championship medals). Simone is among the most decorated gymnasts in the history of the sport. Many consider Simone Biles to be the greatest gymnast ever.
During the 2016 Summer Olympics, she achieved some of her most remarkable achievements. At those games, she competed as a member of the United States’ “Final Five” team. Simone won individual gold medals in floor, vault, and all-around at these games. She won bronze on the balance beam and gold with the United States team.
Unfortunately, Simone struggled at the 2020 Summer Olympics in Tokyo, which were held in 2021 due to a COVID delay, earning a bronze medal on the balance beam and a silver medal with the team. She withdrew largely from the games because to a case of “the twisties,” a condition in which a gymnast temporarily loses air balance awareness.
Before and after the postponing of the 2020 Olympics, Simone was by far the most advertised U.S. athlete in terms of endorsements. She is estimated to have made $20 million from different partnerships and contracts in the years leading up to the games. More about these trades will be provided later in the article.
Simone Arianne Biles was born in Columbus, Ohio, on March 14, 1997. Simone and her three siblings were in and out of foster care throughout her childhood. Her grandma began taking an active role in her upbringing in 2000, and Biles grew up in the Houston suburbs at this time. As her mother is Belizean, Simone retained strong ties to Belize while growing up in a Catholic household. She maintains her Belizean citizenship to this day.
Simone’s future as a professional gymnast was obvious from an early age. She was subsequently removed from class and instructed at home for the remainder of her secondary education. This allowed her to train 33 percent more, and before attending college, Simone was competing at the top level in the Olympics.
Biles began her gymnastics career at a very young age; at age eight, she was practising with trainers such as Aimee Boorman. She competed in the American Classic in Houston when she was 14 years old. She placed third. In 2012, she won the American Classic held in Huntsville. She was named to the US Junior National Team that year. In 2013, she made her senior international debut at the American Cup before competing at the City of Jesolo Trophy and contributing to the United States team’s gold medal victory.
Márta Károlyi invited Simone to a private camp after her dismal performance at the 2013 US Classic, and the young gymnast also began training with a sports psychologist. Following improved performance, Simone was selected for the World Championships team. She won another first-place finish at the 2013 Artistic Gymnastics Championships because to another flawless performance. By that point, the 16-year-old had already proven to be an extraordinary talent, outperforming far more seasoned international gymnasts.
Due to a shoulder injury, Biles had a poor start to 2014, but she quickly recovered to win the US Classic in Chicago by a significant margin. She participated in the World Artistic Gymnastics Championships for a second time, assisting the United States in achieving another triumph and gold medal. In 2015, she won the AT&T American Cup competition in Arlington, Texas. This performance contributed to her James E. Sullivan Award candidacy. The City of Jesolo Trophy, the U.S. Classic, and the U.S. National Championships brought additional victories.
Biles, alongside other prominent American gymnasts, won the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, for the third consecutive year. In this point, she had won a total of 14 medals at the World Championships. Biles was selected to represent the United States in the 2016 Summer Olympics in Brazil as a consequence of a streak of outstanding performances in 2016.
Simone helped the United States team qualify for the 2016 Olympics in first position, and she also qualified as the top gymnast in four of the five individual finals. She quickly won her maiden Olympic gold medal in the team event, followed by a second in the individual all-around competition. She won a total of four Olympic gold medals, including a bronze in the balance beam final and another gold in the women’s floor exercise final. After a temporary break from competition, she resumed her gymnastics career in 2018 with improved routines.
Over the years, Simone Biles has supplemented her gymnastics revenue with a variety of business endorsements. She famously starred in a Tide ad alongside a lot of other gymnasts prior to the 2016 Olympics.
In 2015, she secured a long-term, exclusive contract with Nike. She also inked a partnership with GK Elite Sportswear to create a line of Simone Biles leotards in the same year.
Simone and her other “Final Five” colleagues appeared on the cover of a limited-edition Wheaties box in August 2016.
After her victory at the 2016 Olympics, Simone signed significant endorsement deals with, to mention a few, the following brands:
In 2017, Biles began a relationship with fellow gymnast Stacey Ervin Jr. In 2020, the couple break up after three years of dating. In that year, Simone revealed that she was dating professional football player Jonathan Owens.
In 2020, Biles stated on social media that she had purchased a new residence, and she shared photos of the property. There were little published information regarding her new home, despite the fact that photographs depicting tile floors and other elements demonstrated that it was vast and elegant.
Despite her reputation for frugality, it appears that Simone was willing to splurge on real estate – an intelligent investment. Biles revealed in 2017 that she would sell the Houston, Texas home where she grew up. The 3,711-square-foot property was listed for $289,000 and is currently available for purchase.