Simone Biles Net Worth: How She Built Her Fortune

Simone Biles is one of the most successful gymnasts in the United States, but how has her success played a huge role in giving her a promising net worth? While there are a lot of known team sports and even individual sports, it is easy to say that gymnastics is often overlooked most of the time until the international tournaments come into play, in which these gymnasts represent their respective countries. Of course, it cannot be denied that Simon Biles has established herself as one of the legendary figures in the sport over her decorated career.

What Has Simone Biles Achieved in her Gymnastics Career

At the age of 27, most players would be struggling to make a name in the sport. However, Simone Biles has become a different breed of player in gymnastics, and one can say that her successes in the sport have become quite a promising note to the point where she has established her reputation as a legendary figure on the Olympic stage.

If you are not impressed, Simone Biles has a total of 43 medals won for the United States in her gymnastics career. She has 32 gold medals, with 23 of those coming from the World Championships and seven in the Olympic Games. Biles began her career in 2011 as a Junior Elite gymnast at the age of 14 and progressed from there in just two years before going for the Seniors competitions. Over the years, Biles has also entered lucrative endorsements and have come up with interesting signings that led to her growing net worth.

Simone Biles net worth 2024 image

A total of 11 Olympic medals, 30 World Championship medals, and counting, it is easy to argue that Simone Biles is indeed the most decorated gymnast in history and even a promising great Olympian in her own right, and that says a lot about the Ohio-born star who has represented the United States more than once and has made a big name for herself over the years.

So what is Simone Biles’ net worth now? It is worth noting that the Olympian has reached bigger heights in her net worth after a triple-gold medal haul in the 2024 Paris Olympics, which says a lot about her value in the sports world right now. Biles is estimated at $25 million in net worth, and here’s what plays into her overall earnings over the years.

Simone Biles Career Earnings

Simone Biles is estimated to have earned at least $100,000 in her career prior to the 2024 Paris Olympics. This comes as a promising note on her reputation as a winning gymnast for the United States over the years, and one can certainly say that the star has earned a lot also when it comes to her impressive endorsements, especially in 2016 when she had a promising success on the international stage.

So what is Simone Biles’ salary? Well, it is not really disclosed when it comes to athletes’ salaries, let alone someone who competes in the Olympics, but there are certain ways to determine her annual earnings from gymnastics alone. Olympians are slated to earn at least $37,500 for each gold medal, $22,500 for each silver, and $15,000 for each bronze. And those are numbers back in 2018, so you can expect that these numbers have even increased more at this point.

According to data, Biles earned at least $20 million in terms of endorsements alone from 2019 to 2021. In the same year, Biles went on to drop his deal with Nike in favor of Athleta instead, citing that the former no longer reflects her values, and the number of scandals and issues that Nike was facing at the time did not really sit well with her.

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So when you combine how much does Simone Biles make per year, it is speculated at $25 million as of the time of writing, which is at least a whopping $18 million more than what was reported last year by various net worth analysis sites. For the best gymnast in the world right now, it is easy to say that she should be making more with her success in the game at this point in time.

Simone Biles’ Endorsements

Being a well-known and successful athlete in the game means a lot for Biles, and it is easy to say that her impressive victories in the game have allowed her to come up with a lot of promising endorsements over the years. Aside from the previously mentioned Athleta where she helped design products and even capsule collections, Biles was famously known for being signed to various brands such as United Airlines, The Hershey Company, Visa, Oreo, Uber Eats, MasterClass, and Beats by Dre just to name a few.

It is also worth noting that Biles published her own autobiography back in 2021, titled Courage to Soar: A Body in Motion, A Life in Balance. On top of that, Biles also has sold some gymnastics wear and equipment, partnering with multiple brands on that venture. If you are not satisfied, then Biles’ own Instagram page is enough to turn a lot of heads with at least 10.2 million estimated followers as of the time of writing.

As you well know, Instagram is a potential place for athletes and other brand ambassadors to engage in product endorsements from time to time. These are certain partnerships with known brands on social media platforms and can lead to a lot of potential earnings in the long run.

Simone Biles net worth after Olympics image

Simone Biles’ Career in Hindsight

Simone Biles is one of the biggest icons in the history of gymnastics, and one can even say that there are a lot of people who are looking forward to seeing her make her way on the biggest stage one year after another, and at the age of 27, it certainly does seem that Biles has a bright future ahead of her.

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