Simon Biles is a name that needs no introduction. Widely regarded as one of the greatest of all time, Biles has dominated the sport with incredible skill, strength, and agility. But beyond her exceptional talent, Biles has also made a name for herself as a trailblazer, inspiring countless young athletes and breaking barriers as a Black woman in a predominantly white sport.
As one of the most decorated gymnasts in history, Biles has earned numerous accolades and awards, including multiple Olympic gold medals, World Championship titles, and national championships.
With her immense talent and popularity, it’s no surprise that Biles has amassed a significant net worth. While estimates vary, some sources put her net worth at around $16 million, thanks to her numerous endorsement deals, sponsorships, and other business ventures. Biles has partnered with Athleta, SK-II skincare products, Visa, United Airlines, Spieth America gymnastics equipment, Uber Eats, MasterClass and Facebook Watch, Mondelez’s Oreo brand, Core Power fitness shake, Candid teeth aligners and GK Elite gymnastics apparel.
In this article, we’ll look closer at Simone Biles’ net worth, examining how she earned her fortune and what she’s doing with it. We’ll also explore how Biles has inspired people worldwide and how her success paves the way for future generations of athletes.
Simone Biles profile summary
Simone Biles is a trailblazing gymnast whose unparalleled talent and achievements have earned her a place among the sport’s all-time greats. From her early days as a young gymnast to her current status as a global superstar and advocate for mental health awareness, Biles has captivated audiences around the world with her grace, power, and tenacity. Let’s take a quick review of her profile.
|Net worth||$16 Million|
|Monthly income||$0.3 Million+|
|Date of birth||March 14, 1997|
|Weight||47 Kg (103 lbs)|
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 per Celebrity Net Worth.
Simone Biles might be an extremely talented athlete with many achievements. Yet you might be shocked to learn that most of her earnings don’t come from her athletic activities. It’s reported that the Olympic Champion only earned $172,500 from her wins at the Olympics. This may seem like a lot of money initially, but it’s only a small fraction of her massive fortune.
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.
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 signed 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 fears going broke, which leads her to be financially economical. Besides spending on necessities, Simone likes to spend her days without expenditure.
Simone appeared as a guest in the show Kneading Dough, revealing that she began earning 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.
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 her own home, 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 show it is a spacious place with wood and tile floors, tray ceilings, and other luxurious details. It’s a beautiful 4000-square-foot home with a market price of less than $750,000 at purchase.
The athlete’s residence consists of 4 bedrooms, 3.5 bathrooms, an extensive family room with a fireplace
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.
In 2017, Simone decided to sell her childhood home in Houston, Texas, which spans 3,711 square feet. The residence hit the market at $289,000.
Recently she expanded her real estate portfolio by buying a piece of land with her fiance. Simone Biles and her fiance will build their dream home on the purchased land.
As for the cars, Simone doesn’t seem to be a huge fan of keeping a grand collection of cars like other famous people. Her collection has a few cars, including a Mercedes and a Range Rover. She does use a private jet for getaways to places like Belize and Turks and Caicos.
Early Life and Education
Simone Biles, a name that echoes with greatness, was born on March 14, 1997, in the lively city of Columbus, Ohio. From the moment she took her first breath, it was clear that Simone was destined for something extraordinary.
Growing up, Simone was a ball of boundless energy. Her family was constantly amazed by her infectious enthusiasm and knack for finding joy in the simplest things. Her radiant smile could light up any room, and her curiosity knew no bounds.
She was born into a close-knit family that provided a foundation of love and support. Her parents, Ron and Nellie Biles, played an integral role in shaping her remarkable path. They instilled in her the values of hard work, determination, and perseverance from an early age.
Simone grew up in the suburbs of Houston, Texas, with her grandparents. Raised in a Catholic household, Simone has three siblings who have also played a significant role in her life. She has two sisters named Adria and Ashley and a brother named Tevin. Simone also has great ties with Belizean heritage through her adopted mother and holds Belizean citizenship today.
Education has always been a priority for Simone. While her focus and passion were primarily on sound gymnastics, she recognized the importance of intellectual growth. During her formative years, Simone attended public school in her hometown of Spring, Texas. As her gymnastics career began to flourish, she faced the challenge of managing her training schedule alongside her academic commitments.
As her gymnastics career began to flourish, Simone decided to be homeschooled. This allowed her to have more flexibility in her schedule, accommodating the demanding training regimen required to compete at the highest level.
At six, Simone stumbled upon a gymnastic gym that would change her life forever. It was love at first sight as she tumbled and twirled with unmatched grace and agility. The coaches and spectators who witnessed her natural talent were awestruck. It was evident that Simone possessed a unique gift that set her apart.
Simone Biles is a veteran gymnast who has many achievements under her belt. She is one of the most decorated Olympic champions in history. Simone faced her fair share of challenges as she embarked on her gymnastics journey. She encountered setbacks and obstacles that tested her resilience. But she refused to be deterred. She pushed herself harder with unwavering determination, honing her skills and mastering the art of defying gravity. Many events led her to where she is now; let’s look at all the major events in her career.
- Simone Biles started her gymnastics career at a young age and trained with top coaches like Aimee Boorman from the age of eight.
- At 14, she competed in the American Classic in Houston and achieved third place.
- In 2012, she made her international breakthrough by winning first place at the American Classic in Huntsville, leading to her nomination to the US Junior National Gymnastics Team.
- Biles made her senior debut in 2013, winning a gold medal for the United States team at the American Cup and competing in the City of Jesolo Trophy.
- After a disappointing performance at the 2013 US classic, she attended a private training camp with Marta Karolyi and a sports psychologist, significantly improving her performance.
- At the 2013 Artistic Gymnastics Championships, Biles won a gold medal at 16, surpassing more experienced gymnasts.
- She sustained a shoulder injury in 2014 but returned, winning the Chicago US Classic and competing in the World Artistic Gymnastics Championships, earning another victory for the United States.
- Biles continued her success, winning the 2015 AT&T American Cup and gaining James E. Sullivan Award
- In 2016, she helped the US gymnastics team secure first place at the Summer Olympics in Rio. She won individual gold medals in the all-around, vault, and floor exercises and a bronze in the balance beam.
- After a two-year hiatus, she returned to competition in 2018 and maintained her success.
- In the 2020 Olympics, Biles faced controversy due to a medication issue and had to withdraw from some events. Still she remains the most successful overall gymnast in the sport.
- Simone Biles continues to compete and is focused on the 2024 Olympics in France.
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, postponed till 2021 due to the COVID-19 pandemic, Simone won a silver medal for the team category and a bronze medal for the balance beam before pulling out of the tournament. Her pull-out shocked the fans and the team.
Initially, the reason for her withdrawal was not immediately clear, which led to speculations and concern among fans and commentators. People speculated that it was due to her sports-related injuries. However, it was later revealed that there was no physical injury. Simone stated later that it was just a little injury to her pride.
It was revealed that Simone had decided to prioritize her mental health. She cited experiencing a phenomenon known as the “twisties,” a dangerous condition where gymnasts lose their spatial awareness in mid-air, putting them at risk of serious injury. Given the high difficulty level and intense physical demands of gymnastics, this mental block can be extremely dangerous. She also had earlier lost her aunt and talked about her intense anxiety due to public pressure of being the best.
Since the athlete had been a foster child most of her childhood, the 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 relied heavily on her and admired 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.
Simone Biles’s decision to withdraw from the competition and prioritize her well-being was widely praised and sparked a broader conversation about mental health in sports. Many athletes, fans, and experts supported her courage to step back and take care of herself.
After withdrawing from the team final, Simone Biles also decided to withdraw from the individual all-around several individual apparatus finals. However, she returned triumphantly during the balance beam final, winning a bronze medal, showcasing her exceptional talent and resilience.
After pulling out of the Tokyo Olympics 2020 finals, Simone Biles’s competition break brought attention to athletes’ immense pressure and mental strain, particularly those in high-profile events like the Olympics. It opened up discussions about prioritizing mental health and providing adequate support for athletes. According to Simone, mental health is more prevalent in sports right now. Athletes must protect their bodies and minds and not just go out and do what the world expects.
Cerebral Partnership for mental health awareness
Simone’s mental health crisis made her a well-known face for mental well-being in sports. When she started caring for her mental health, she knew many others like her whose mental health was crashing daily. Following her competition break during the 2021 Tokyo Olympics, Simon Biles has continued to use the platform to raise awareness about mental health in sports. In October 2021, she announced a partnership with Cerebral, a telemedicine company that provides online mental health services.
Cerebral allowed Simone 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 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 positively impact 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. In a statement announcing the partnership, Simone Biles emphasized the importance of prioritizing mental health, saying, “I want to ensure that every athlete has access to the mental health resources they need to succeed and thrive.” She also shared her experience with mental health and the challenges she faced in her career, highlighting the need for better support systems for athletes.
Cerebral CEO Kyle Robertson echoed Simone Biles’s sentiments, saying, “We are excited to partner with Simone to bring awareness to the unique mental health needs of athletes and provide them with the necessary resources to prioritize their well-being.
Cerebral also officially sponsored 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 the mental well-being of gymnasts and athletes.
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 they were meant for each other. She claims she knew Jonathon was the one she was meant to marry only a day after meeting him. And she also told her best friend right away. After only two 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 is quickly approaching. The athlete is currently 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.
Larry Nassar assault
The Simone Biles and Larry Nassar case involve allegations of sexual abuse perpetrated by Larry Nassar, a former doctor for the USA Gymnastics team, against numerous athletes, including Simone Biles, one of the most accomplished gymnasts in the world.
Larry Nassar served as the team doctor for USA Gymnastics from 1996 to 2015. In 2015, allegations of sexual abuse against Nassar started to emerge, leading to his arrest and subsequent criminal charges. The case gained significant attention due to the high-profile nature of the victims, including many prominent gymnasts.
Simone Biles, a four-time Olympic gold medalist and one of the most successful gymnasts of all time, came forward as one of Nassar’s victims. In January 2018, Biles released a statement on social media acknowledging that she was also sexually abused by Nassar. She revealed that she had chosen to speak out to support her fellow gymnasts and to bring attention to the widespread issue of sexual abuse in the sport.
Biles’ decision to share her experience was met with widespread support and admiration from fans, fellow athletes, and the public. Her courage in speaking out against Nassar helped shed light on the pervasive abuse issue within the gymnastics community. It prompted other victims to come forward with their own stories.
Larry Nassar was convicted of multiple counts of sexual assault and child pornography. In 2018, he was sentenced to 40 to 175 years in prison for his crimes. This was in addition to a previous 60-year federal prison sentence for child pornography charges. Nassar’s conviction and sentencing marked an important step in seeking justice for the victims and holding him accountable for his actions.
The Simone Biles and Larry Nassar case and the broader scandal surrounding USA Gymnastics highlighted the need for systemic changes within the sport to protect athletes from abuse and ensure a safe training environment. It also led to a deeper examination of the power dynamics, lack of accountability, and cultural issues that allowed such abuse to persist.
Simone Biles’ bravery in coming forward and using her platform to advocate for change has impacted the gymnastics community and the broader conversation around sexual abuse. Her strength and resilience inspire many, and her involvement in the case has significantly raised awareness, accountability, and reforms within the sport.
Simone Biles might 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 never forgets where she came from. Coming from a broken family and staying in foster homes because her mother couldn’t care for 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. Naturally, 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 also speaks on this matter and emphasizes creating more opportunities for children in the foster care system. She has also partnered with Mattress Firm Foster Kids, a donation program to provide thousands of foster kids with necessities like clothing and food.
Famous quotes by Simone Biles
Simone Biles, a beacon of strength, resilience, and unwavering determination, has left an indelible mark on the world of gymnastics and beyond. Her journey is not merely defined by her extraordinary athletic achievements but also by the empowering wisdom she shares through her powerful words.
With grace and honesty, Simone Biles has voiced insights that inspire and motivate, revealing her deep understanding of her challenges and the importance of resilience in the face of adversity. Let us explore some of the remarkable quotes that reflect the spirit and wisdom of this exceptional athlete.
“If I thought of gymnastics as a job, it would put too much stress on me… At the end of the day, if I can say I had fun, it was a good day.” – Simone Biles.
“I am not the next Usain Bolt or Micahel Phelps… I’m the first Simone Biles.” – Simone Biles.
“It feels amazing to inspire little kids to want to do gymnastics and have fun with it.” – Simone Biles.
I would say to always follow your dreams. And dream big because of my whole career, including any of the things that I’ve accomplished; I never thought in a million years that I would be here. So it just proves that once you believe in yourself, and you put your mind to something, you can do it.” – Simone Biles.
“You have to make your own luck. You make it in practice and with training and conditioning.” – Simone Biles.
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 world’s most recognized and decorated personalities. Although she has a massive net worth, Simone Biles is extremely humble and likes to spend her wealth wisely. She is using her privilege to make many desirable changes in the athlete industry and the world.
Has Simone Biles made money outside of gymnastics?
While gymnastics has been the primary source of her income, Simone Biles has also participated in various television shows, including “Dancing with the Stars” and “Lip Sync Battle,” which may have provided additional earnings.
Is Simone Biles one of the highest-paid gymnasts?
Simone Biles is among the highest-paid gymnasts due to her exceptional success and marketability. Her achievements and popularity have opened up lucrative endorsement deals and sponsorship opportunities.
Does Simone Biles have any endorsement deals?
Yes, Simone Biles has secured several endorsement deals with prominent brands. Her notable partnerships include Nike, Beats by Dre, Uber Eats, and Core Power.
How did Simone Biles amass her wealth?
Simone Biles earned her wealth through her successful career as a professional gymnast. She has won numerous Olympic medals and Word Championship titles with financial rewards and endorsement opportunities.
How much does Simone Biles earn annually?
Simone Biles earns an estimated salary of $1.5+ million per year.