Entrepreneurship

Simone Biles Net Worth – How Rich Is The Artistic American Gymnast?

One of the greatest and most artistic gymnasts of all time, Simone Biles is the first female gymnast to have the most World all-around titles. Her achievements speak volumes about her whopping net worth. Read on to find out more about Simone Biles’s net worth and earnings.

Hard work and self-awareness have turned many into millionaires. The American artistic gymnast Simone Biles is just another example. The female athlete has made a name for herself through sheer determination and diligence. Simone Biles is one of the most seasoned and accomplished gymnasts of all time, with 32 medals to her name. Winning numerous Olympic medals and World championships has led Biles to accumulate a whopping net worth of millions.

Simone has now become the face of modern gymnastics and sportsmanship. Young and new athletes take a great deal of inspiration from her life. Sporting can sometimes be cruel and hard. However, Simone has been a constant supporter of athletes’ mental health because she believes that sports are more than continuously pushing yourself beyond your limits. She has also changed the way athletes’ brand deals work.

Simone wasn’t born with a silver spoon in her mouth, and her athletic journey has also been a bumpy road. However, Simone still went on to become one of the world’s most accomplished athletes. Her fans and admirers, those who look up to her, want to know how she achieved her success. They want to know all about her journey as well as her salary earnings. This article is dedicated entirely to that.

This article will explore the gymnast’s life, and you will get to know all about Simone Biles’s net worth, career, and some more details you wish to know.

What is Simone Biles’s net worth?

What is Simone Biles’ Net Worth? The record-smashing gymnast is one of the highest-paid athletes with a whopping net worth of $16 million, as per Celebrity Net Worth. Being a successful gymnast, Simone Biles has a lot of endorsements and brand deals with various renowned brands like Gap’s Athleta, GK Elite Sportswear, United Airlines, Uber Eats, Masterclass, Facebook Watch, Procter and Gamble, and Hershey’s Oreo. With so much on her hands, it is no wonder that she has a net worth of millions.

simones-networth

Simone also had a partnership with the famous sports brand Nike since 2015, which lasted six years before ending in April 2021. She reportedly left the sportswear giant because she felt the brand no longer matched her values. The brand also had an infamous track record of scandals, complaints from employees, and other controversies that had been circulating the brand for the last few years.

After that, she went on to sign a deal with Gap’s Athleta, where she has her own gym wear line. Through this partnership, Simone will also have the opportunity to be an activist for women and other female athletes. According to Simone, she has embarked on a new journey with this partnership where she can empower and inspire herself and other young girls like her. Since then, she has been actively working as a spokesperson for the rights of female athletes.

Simone revealed in an interview that she is a wise spender and doesn’t like to spend too much of her money. According to Simone, she has a fear of going broke, which leads her to be financially economical. Besides spending on necessities, Simone likes to spend her days without expenditure. How old is simone biles, simone biles age is 25 years.

Simone appeared as a guest in the show Kneading Dough, where she revealed that she began to earn prize money from competitions early on. In the show, she also recalled that her “first big check” came when she was 12. And at just 25, she had accomplished so much that Forbes declared her the fourth highest-paid female athlete.

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Property

Although Simone spends her money wisely, it doesn’t mean she doesn’t have to. However, she is splurging only a little on real estate as compared to other celebrities and public figures. Since she was born in poor circumstances, Simone fears being broke. By purchasing a home of her own, she would never have to live with that fear again.

Two years back, in 2020, Simone revealed her new home in Houston, Texas, through a social media announcement where she showed off some clicks of her new place. The pics indeed show it is a spacious place with wood and tile floors and tray ceilings along with other luxurious details. It’s a beautiful 4000-square foot home that had a market price of less than $750,000 at the time of purchase.

The athlete’s residence consists of 4 bedrooms, 3.5 bathrooms, an extensive family room with a fireplace, a kitchen, a dining room, a three-car garage, and a luxurious pool. It also features a dog washing station for Simone’s famous french bulldogs Rambo and Lilo. Moreover, the outdoor kitchen and dining area show Simone’s love for nature’s scenic beauty.

As for the house indoors, Simone made sure to keep everything magnificent. Her super-comfy master bedroom has a double walk-in closet and a bathtub that feels more like a spa. The kitchen features top-notch appliances, custom-made cabinets, and other deluxe details. Simone shares her lavish residence with her fiancé, NFL player Jonathan Owens.

Back in 2017, Simone made the decision to sell her childhood home in Houston, Texas, which spans 3,711 square feet. The residence hit the market at $289,000.

Cars

As for the cars, Simone doesn’t seem to be a very huge fan of keeping a grand collection of cars like other famous people. She has very few cars in her collection, including a Mercedes and a Range Rover.

Early life and education

Simone’s early life didn’t have the most favorable conditions. However, despite living her life in unfortunate circumstances, Simone has proved that determination and ambition can get you anywhere you want in life.

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Born on March 14th, 1997, in Columbus, Ohio, Simone Biles was the third of four siblings. She was born in poverty, so she had a tough childhood. Also, her mother suffered from substance addiction and could not care for her children. So, Simone and her siblings had to constantly go in and out of foster care for years before being adopted by their grandfather and his second wife. Mostly people asked about how tall is simone biles, she is 1.42 M.

With her grandparents, Simone grew up in the suburbs of Houston, Texas. Raised in a Catholic household, Simone also has great ties with Belizean heritage through her adopted mother and holds Belizean citizenship to this day.

From a very early age, Simone had an immense interest in gymnastics and knew that she was destined to be a professional gymnast. Thankfully, she had a supportive grandmother who recognized her passion and decided to put her in homeschooling for the rest of her secondary education. This way, Simone had more time to train for her passion.

Career

The veteran gymnast started her career at a very young age. At only eight years old, she had begun to train under one of the famous gymnastics coaches, Aimee Boorman. At 14 years of age, when she was a freshman in high school, Simone competed in the American Classic in Houston, Texas, where she grabbed third place. The following year, in 2012, she competed in the American Classic in Huntsville, Alabama, and came out victorious, grabbing first place.

Simone made it to the United States Junior National Team that same year. In 2013, Simone made her senior international debut at the American Cup, where she helped the United States team win the gold medal and went on to become an international star.

As she was homeschooled for most of her secondary education, she could practice way more than an average schooler, which led her to have all the skills necessary to compete as an Olympian and World Champion. Things got even better due to her passion for the sport and her grandmother’s support. Her career was paved by determination and self-awareness. By the time she was 16 years old, she was already impressing gymnastics enthusiasts all over the world.

Simone suffered from a shoulder injury earlier in 2014 but that didn’t waver her determination. She took her time, healed her injury, and came back just in time for the United States Classic in Chicago. The Chicago competition happened to be just another platform to impress the gymnast world. Judges and the crowd were amazed by her routine and she ended up winning by a tremendous margin.

Simone’s success continued and she went on to grab first place in the World Artistic Gymnastics Championship. By that time, Simone had already made herself a place in gymnastics and had proven herself to be an incredible talent. She was going on smashing records by outperforming many experienced gymnasts.

In 2015, Simone claimed first place once again at the AT&T American Cup in Arlington, Texas. Her performance in this competition helped her get nominated for the James E. Sullivan Award. That year, she grabbed more victories with the City of Jesolo Trophy, the United States Classic, and the United States National Championship.

By this time, Simone had won the World Artistic Gymnastics Championship three consecutive times and had amassed 14 World Championship medals. She was just in the form to smash the coming 2016 Olympics in Brazil, where she was selected to represent the United States. There, she helped the US team land first place in the team category. She took home four gold medals in women’s floor exercise and individual all-around categories. She also won a bronze medal in the balance beam category.

Overall, Simon Biles’s Olympic medals include 4 gold medals and 1 bronze medal from the 2016 Rio Olympics and 1 bronze and 1 silver from the 2020 Tokyo Olympics.

Competition break

The world may know Simone Biles as the finest of all gymnasts, but she’s so much more than that. She is an activist for athletes’ mental well-being and encourages everyone to make the necessary decisions to keep their mental well-being intact.

During the Tokyo 2020 Olympics, which were postponed till 2021 due to the COVID-19 pandemic, Simone was able to win a silver medal for the team category and a bronze medal for the balance beam before pulling out of the tournament. Her pull-out came shocking for the fans and the team, but Simone revealed that it was a much-needed break from her career. She had earlier lost her aunt and talked about the intense anxiety she felt due to public pressure of being the best.

Since the athlete had been a foster child most of her childhood, family was of utmost importance and priority. The death of her beloved aunt accelerated her decision to take some time off from her career and spend more time with her family.

The United States team had to compete with the Russian Olympic team during the final round of team gymnastics. Simone’s team heavily relied on her and looked up to her for this victory. This expectation pressure was too much for Simone and she was filled with self-doubt about being able to perform a victorious routine.

People speculated that it was due to her sports-related injuries. However, it was later revealed that there was no physical injury. It was just a little injury to her pride, as Simone stated later on.

After pulling out of the Tokyo Olympics 2020 finals, Simone disclosed that she took a step back because she had to focus on her mental health. According to Simone, mental health is more prevalent in sports right now. Athletes must protect their bodies as well as their minds and not just go out and do what the world expects from them.

Cerebral partnership for mental health awareness

Simone’s mental health crisis made her a well-known face for mental well-being in the sports world. When she started caring for her own mental health, she knew there were many others like her whose mental health was also crashing day by day.

Cerebral gave Simone a chance to advocate for mental health and widely speak on this critical matter. She came to know about this monthly subscription service when she was looking for her own mental cure. She instantly connected with the service and wanted to be a part of the service’s extraordinary mission.

Cerebral is a comprehensive online care program that addresses a variety of mental health problems, including anxiety, depression, substance addiction, and schizophrenia, to list a few. It assists people suffering from mental disorders in planning and managing their medication and therapy schedules.

Moreover, they have a variety of mental health experts that can look into your mental history and advise accordingly. These coaches can help you create big and small goals that can have a positive impact on your overall mental life. The Cerebral platform also provides various services that help people lead a nutritional and healthy life.

Simone joined the company as its Chief Impact Officer in October 2021. Cerebral also became an official sponsor of the athlete’s Gold Over America tour and the new gymnastics competition, the 2022 Biles Invitational. The 25-year-old athlete and Cerebral look forward to creating a powerful impact and supporting each other in the cause of mental well-being of gymnasts and athletes.

Relationships

At the beginning of her career, Simone Biles started dating fellow gymnast, Stacey Erwin Jr., in 2017. The relationship lasted three years before the couple split up in 2020. That same year, news of her new relationship started circulating. It was then confirmed that Simone had started dating NFL star Jonathan Owens in August 2020. The couple has since been residing together in Simone’s Houston residence.

The two instantly felt a strong bond and knew that they were meant for each other. She claims she knew Jonathon was the one she was meant to marry only a day after she first met him. And she also told her best friend right away. After only 2 years of relationship, Simone Biles and Jonathan Owens announced their engagement the following day after Valentine’s this year on February 15, 2022. The couple instantly started getting love and support from friends, fans, and family.

As per Page Six, the footballer proposed to Simone with a beautiful oval-cut diamond ring by Zo Frost. Jonathan had begun looking for the perfect ring months ago and finally spotted a 3-carat stone with exquisite design details.

Simone doesn’t shy away from showcasing her excitement since the wedding day is quickly approaching. The athlete is currently busy looking for the perfect dress for her big day. Like many other celebrities, Simone is going for not one but two wedding dresses. Both of her dresses are from celebrity-favorite designer Galia Lahav.

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Larry Nassar assault

In 2018, Simone released a statement in which she accused USA Gymnastics Physician Larry Nassar of sexually assaulting her. Many of her fellow gymnasts had also claimed the same. Simone went on to accuse the USA Gymnastics of allowing the abuse to happen for a long time and also covering up Larry’s crimes. Nassar’s trial took place in January 2018, but Simone wasn’t emotionally ready to face her abuser again, so she decided not to attend.

Along with three of her teammates, McKayla Maroney, Maggie Nicholas, and Aly Raisman, Simone testified to the Senate Judiciary Committee in 2021, where she held the entire system accountable for perpetuating such crimes and letting them happen in the first place. She also went on to state that the official departments, such as USA Gymnastics and United States Olympic and Paralympic Committee, failed to do their jobs.

Betterment works

Simone Biles might just be a celebrity for the world, but she had to come a long way to stand at this point in life. The strong athlete has gone through many challenging phases in life, and she never forgets where she came from. Coming from a broken family and staying in foster homes because her mother wasn’t able to take care of the family, Simone has experienced extreme poverty and abuse.

Now that she is in a stable position in her life, Simone wants to help those who are experiencing the same conditions as she did in her early days. It’s natural that she understands their difficulties because she has gone through the same.

After opening up about being sexually assaulted by Olympic physician Larry Nassar, Simone had been actively involved in the case, inspiring hundreds of other assault victims to do the same. She actively speaks on topics like assault, racism, and gender inequality.

In 2017, Texas was devastated due to the Hurricane Harvey disaster. In that moment of need, Simone couldn’t just stay put. Along with her family, she started working at the local food distribution center to manage clothing and food supplies for needy families.

Being a foster child herself, Simone is well aware of the trauma that children have to go through after being taken away from their parents. She actively speaks on this matter as well and emphasizes creating more opportunities for children in the foster care system. She has also partnered with Mattress Firm Foster Kids, which is a donation program to provide thousands of foster kids with necessary items like clothing and food supplies.

Final words

This was all about Simone Biles’s net worth, career, and education. This article has covered all the highlights of her life. The phenomenal gymnast is one of the most recognized and decorated personalities in the world. Although she has a massive net worth, Simone Biles is an extremely humble person who likes to spend her wealth wisely. She is using her privilege to make some much-desirable changes in the athlete industry and the overall world.