Simone Biles Net Worth

Simone Biles Net Worth: Simone Biles’ Multi-Million Dollar Endorsement Empire!

An American artistic gymnast, Simone Arianne Biles Owens was born Simone Arianne Biles on March 14, 1997. Many consider her the best gymnast of all time and the most decorated athlete in history.

Her seven Olympic gymnastics medals tie her with Shannon Miller for the most ever by an American gymnast and put her ninth all-time. With thirty medals, most of them gold, she has more gymnastics world championship medals than anyone else.

Simone Biles Net Worth

Athlete Simone Biles of the United States has a net worth of sixteen million dollars. With thirty-two medals, including those from the Olympic Games and the World Championships, Simone is the all-time leading American gymnast. Among all-time gymnasts, Simone ranks high in terms of medals won. There are many who think Simone Biles is the best gymnast who has ever lived.

The Summer Olympics of 2016 were the setting for several of her most remarkable achievements. During those competitions, she was a member of the United States squad called the “Final Five.” Simone took home gold medals in the floor, vault, and all-around events in these competitions.

As an American teammate, she took home a gold medal and a bronze medal on the balance beam. A record-breaking eight times has been won by Simone in the US championship. At the tender age of sixteen, she claimed her maiden US title in 2013. In August of 2023, at the age of 26, she won her ninth US title.

Although she won silver as a team and bronze on the balancing beam at the 2020 Summer Olympics in Tokyo (which were postponed due to the COVID pandemic), Simone had a difficult time competing in the games. A bout of “the twisties”—a momentary loss of awareness of one’s air balance—prompted her to partially withdraw from the games.

In the years leading up to the 2020 Olympics, both during and after the delay, Simone racked up more endorsement deals than any other American athlete. In the years leading up to the games and from contracts that continue into the future, she earned around $20 million from a variety of partnerships. Next, we’ll go into more detail about these sales.

Simone Biles Net Worth

Simone Biles Early Life

Columbus, Ohio is the site of Simone Arianne Biles’s birth on March 14, 1997. Throughout their childhood, Simone and her three siblings were in and out of foster care on a regular basis. During her childhood in the Houston suburbs, Texas, Biles’s grandmother began to take a more active role in her life around the year 2000.

Although Simone was brought up in a Catholic household, her mother is from Belize, therefore she never lost touch with her roots there. She is a Belizean citizen even now.

The path that Simone would take as a professional gymnast was obvious from an early age. Subsequently, she was removed from her class and continued her secondary education at home. Because of this, Simone was able to train more—by more than 33 percent—and compete at the top level in the Olympics before she ever started college.

Simone Biles Endorsements

A variety of commercial partnerships have helped Simone Biles augment her gymnastics revenue throughout the years. She became popular for her appearance in a Tide ad with other gymnasts before the 2016 Olympics.

She inked a long-term, exclusive contract with Nike in 2015. She inked a deal with GK Elite Sportswear to make Simone Biles leotards in the same year. Along with her other “Final Five” teammates, Simone graced the cover of a limited-edition Wheaties box in August 2016. Following her impressive performance at the 2016 Olympics, Simone secured generous endorsement deals with numerous brands, including:

  • United Airlines
  • The Hershey Company
  • Procter & Gamble
  • Mattress Firm
  • Spieth America
  • Beats by Dre
  • Athleta
  • Visa
  • Oreo
  • Uber Eats
  • MasterClass
  • Facebook Watch

In terms of sponsorship deals, Simone earned more than any other Olympic athlete in the years leading up to and including the 2020 games. Endorsements brought in at least $20 million for her between 2019 and 2021.

Simone famously stated in April 2021 that she had signed with Athleta instead of Nike, just three months before the 2020 Olympics. Athleta agreed to host a national showcase for Simone following the Olympics, pitting her against the United States Gymnastics Association’s annual national competition. There will be athletic apparel from Simone and Athleta as well.

According to reports, Simeone departed from Nike due to her belief that the firm did not align with her own principles. There have been a number of scandals and employee complaints that have plagued the leading sportswear business Nike in recent years, and this was her main concern.

Simone Biles Relationships

Biles started dating fellow gymnast Stacey Ervin Jr. in 2017. They broke up in 2020 after dating for three years. when was the year when Simone made public her relationship status with NFL player Jonathan Owens. February 15, 2022 was the day of their engagement, and April 22, 2023 was the date of their wedding.

Simone Biles Larry Nassar

After numerous Olympians, both present and past, accused USA gymnastics doctor Larry Nassar of sexual assault in 2018, Simone was no exception. In the same vein as many of her colleagues, she asserted that USA Gymnastics was complicit in the long-term abuse’s continuation and sought to conceal it. She wasn’t emotionally prepared to confront her abuser, so she skipped the 2018 Nassar trial.

Simone Biles Property Development

In 2020, Biles shared some photos of her new home and announced the acquisition on social media. Pictures showed tile flooring and other features, so it was obvious her new home was large and expensive, but little more details were released.

It appears that Simone was prepared to indulge a bit in real estate, a prudent investment, despite her well-known austerity measures. The home’s recorded value is below $750,000. Simone and her now-husband Jonathan Owens announced in 2023 that they were starting construction on a new house together.

Biles made the announcement to sell the Houston, Texas, home she had grown up in back in 2017. The 3,711 square foot home first appeared on the housing market for $289,000. The residence reportedly sold for $250,001 to $285,000, as stated in the HAR listing.

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