Simone Biles Net Worth (Money & Salary)
Simone Biles Net Worth (Money & Salary)
February 12, 2025
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Simone Biles’ Net Worth Explained
With a net worth of $25 million, American artistic gymnast Simone Biles stands as one of the most accomplished gymnasts in American history. She has amassed over 30 medals, including both Olympic and World Championship medals, solidifying her reputation as one of the greatest gymnasts of all time. Simone’s impressive track record includes six Olympic gold medals, one silver medal, and two bronze medals. Her success has made her one of the highest-paid Olympic athletes globally, thanks to numerous major endorsement deals with renowned companies.
In 2016, Simone made significant strides during the Summer Olympics, where she was part of the US team dubbed the “Final Five.” At these games, she secured individual gold medals in floor, vault, and all-around, as well as a bronze on the balance beam and another gold as part of the US team. Additionally, Simone clinched her eighth US championship in August 2023 at the age of 26, marking a tremendous accomplishment in her career.
Despite facing challenges at the 2020 Summer Olympics in Tokyo, following a COVID-related delay, Simone managed to secure a bronze on the balance beam and a silver with the team. She briefly withdrew from the games due to experiencing “the twisties,” a condition where a gymnast temporarily loses air awareness during twists. Prior to the 2020 games, Simone was a highly marketable US athlete, earning an estimated $20 million from various endorsements leading up to the event.
Endorsements and Collaborations
Throughout her career, Simone Biles has complemented her gymnastics earnings with a plethora of brand endorsements. Leading up to the 2016 Olympics, she notably starred in a Tide commercial alongside fellow gymnasts. In 2015, she signed an exclusive long-term deal with Nike and collaborated with GK Elite Sportswear to produce a line of leotards bearing her name.
Simone’s success at the 2016 games propelled her into lucrative endorsement contracts with various renowned brands, some of which include United Airlines, The Hershey Company, and Procter & Gamble. She continued to secure high-value endorsements leading up to the 2020 games, cementing her status as one of the world’s highest-paid Olympic athletes in terms of endorsements.
In April 2021, just months before the 2020 Olympics, Simone made headlines by parting ways with Nike and joining forces with Athleta. The deal included commitments for national exhibitions and a new line of activewear. Simone cited alignment with her values as the reason for leaving Nike, expressing concerns over the company’s past scandals and controversies.
Alex Livesey/Getty Images
Early Years and Background
Born on March 14th, 1997, in Columbus, Ohio, Simone Arianne Biles experienced a tumultuous childhood, moving in and out of foster care before her grandmother assumed a significant role in her upbringing. Raised in a Catholic household in Houston, Texas, Simone maintained strong connections to her Belizean heritage, holding Belizean citizenship to this day.
Showing early promise in gymnastics, Simone transitioned to homeschooling to intensify her training, which paid off as she embarked on a remarkable gymnastics career, competing at the highest levels at a young age.
Professional Journey
Simone’s gymnastics journey commenced early, training under coaches like Aimee Boorman from age 8. By 14, she entered competitions like the American Classic and went on to secure a spot on the US Junior National Team. Throughout the years, Simone showcased her exceptional talent, earning numerous accolades and medals at various international competitions, solidifying her status as a gymnastics legend.
Despite facing setbacks like injuries, Simone consistently bounced back, forging a legacy marked by dominance and success. Her extensive list of achievements includes multiple World Championships wins, Olympic gold medals, and groundbreaking performances that have earned her a place as one of the greatest gymnasts in history. Through resilience and unwavering dedication, Simone Biles has left an indelible mark on the world of gymnastics and beyond.
Simone Biles continued to enhance her gymnastics career with upgraded routines starting from 2018. President Joe Biden awarded her the Presidential Medal of Freedom in 2022.
(Photo by Alex Livesey/Getty Images)
Relationships
In 2017, Biles entered a relationship with Stacey Ervin Jr., a fellow gymnast. After three years of dating, they parted ways in 2020. That same year, Simone revealed her new relationship with professional football player Jonathan Owens. They got engaged on February 15, 2022, and tied the knot on April 22, 2023.
Larry Nassar
In 2018, Simone, along with several other Olympians, accused USA gymnastics physician Larry Nassar of sexual assault. She, like her teammates, alleged that USA Gymnastics was complicit in allowing the abuse to persist and attempted to cover it up. In 2018, she chose not to attend Nassar’s trial, citing emotional unreadiness to face her abuser.
Real Estate
In 2020, Simone shared on social media that she had purchased a new home and shared photos of the property. Details about the residence were scarce, but it was evidently spacious and luxurious, complete with tile floors and other amenities. Despite her known frugal tendencies, Simone decided to indulge in real estate, considering it a wise investment. Property records indicate the house was acquired for less than $750,000.
In 2023, Simone and her husband Jonathan Owens announced plans to build a new home together.
Back in 2017, Biles put her childhood home in Houston, Texas up for sale for $289,000. The property boasted 3,711 square feet. According to the HAR listing, the house sold for an amount between $250,001 and $285,000.
Data is from 2023 and 2024, with forecasted data extending to 2025 and 2026. Additionally, the forecast has been expanded to include 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Simone Biles Net Worth (Money & Salary)