Simone Biles: Net Worth, Lifestyle, and Biography
She has excelled both in gymnastics and financially! Olympic veteran Simone Biles captured America’s heart when she first competed with Team USA at the 2016 Olympic Games in Rio de Janeiro, Brazil. What is her net worth, and how does she earn her income?
According to Celebrity Net Worth, the Texas native’s estimated net worth in 2023 is an impressive $16 million.
The competitor launched her elite career at the 2011 American Classic in Houston, securing third place in the all-around. The next year, she earned a spot on the U.S. Junior National team. In 2013, she advanced to senior elite status and made her debut at the prestigious American Cup, an international competition for senior-level gymnasts.
By 2014, the competitor had achieved an impressive tally of 14 World Championship gold medals. Two years after that milestone, she was chosen to represent the United States at the Olympics for her first time. During those summer games, she secured four gold medals and one bronze medal.
According to a 2018 CNBC report, Olympic athletes receive $37,500 for each gold medal, $22,500 for every silver medal, and $15,000 per bronze medal. Therefore, Simone’s victories at the Rio Games collectively earned her $165,000.
Simone led the U.S. gymnastics team to the 2020 Tokyo Summer Olympics but had to withdraw from several events due to experiencing the “twisties,” a condition that disrupted her spatial awareness during complex routines. Despite this setback, she secured a bronze medal in the balance beam competition and earned a silver medal alongside her teammates in the women’s team final.
She will compete in the Olympics once more at the 2024 games in Paris.
The world champion augments her gymnastics earnings through endorsements with well-known brands such as Nike, Athleta, Visa, United Airlines, Spieth America gymnastics equipment, Uber Eats, and skincare brand SK-II. Before the 2016 Olympics, she appeared alongside several national gymnasts in a widely viewed Tide commercial.
In July 2024, she also starred in the Netflix docuseries “Simone Biles Rising,” which chronicled her emotional and physical journey as she returned to competition following her withdrawal from the 2020 Olympics.
With 6.6 million followers on Instagram and an additional 1.6 million on Twitter, the athlete has the chance to collaborate with brands for paid social media posts — a venture that can be extremely profitable when you are the most decorated Olympic gymnast in U.S history.
In 2019, the athlete bought a $2 million mansion in her hometown of Houston, Texas. Simone sold her childhood home in the city, which spanned 3,711 square feet, for $289,000 back in 2017.
Simone and her then-fiancé, NFL pro Jonathan Owens, are set to construct their own home after purchasing a vacant plot of land on March 5, 2023. She shared this exciting news along with a photo of the property, captioning it with “A home is made with love and dreams,” followed by “Cheers to breaking ground.” The couple became engaged in February 2022 following eighteen months of dating and celebrated their wedding in April 2023.
