Simone Biles’ Impressive Net Worth Has Very Little To Do with Gymnastics
Simone Biles’ Impressive Net Worth Has Very Little To Do with Gymnastics With more than three dozen Olympic and world championship medals combined, Simone Biles is the most accomplished gymnast ever. And, not surprisingly, the sport’s most profitable athlete. Biles will have one of the brightest spotlights at the upcoming Summer Olympics, kicking off July 26 in Paris. Making her third Olympic appearance, the 27-year-old is striving for her second all-around gold medal after an unexpected case of the “twisties” knocked her out of contention at the delayed 2020 Tokyo Games. The Texas native has since rebounded in a big way, winning her sixth all-around world title in 2023 and ninth U.S. championship earlier this year. She remains one of the most marketable athletes in the world—something that plays an incredibly significant role in her overall fortune. Remarkably, the multimillionaire has largely built her net worth away from the mat. According to data from Sportico, Biles was the ninth-highest earning female athlete in the world in 2023. She made about $8.5 million before taxes and any agent fees. Tennis stars dominated the list of biggest earners. Led by fellow American Olympian Coco Gauff at $22.7 million, they account for seven of the first eight spots. Iga Światek of Poland was a close second, having earned $21.9 million. Freestyle skier Eileen Gu was third overall at an even $20 million. The earnings of tennis players are bolstered by tournament prizes. Światek, for instance, earned just under $2.5 million just for winning the French Open, and Gauff made $3 million from her U.S. Open victory. In contrast to her racket-wielding counterparts, Biles earns very little money from gymnastics alone. Simone Biles stands to earn as much as $225,000 at the 2024 Olympics. Unlike athletes in major sports leagues like the NFL or WNBA, Biles doesn’t earn a base salary competing for the U.S. national program. However, last year, USA Gymnastics offered a monthly stipend of up to $3,000 for medalists in the prior Olympic Games, as well as two-time defending Senior World Championship medalists. The most Biles could have received as a member of the senior national team was $36,000.
