Simone Biles Net Worth

Simone Arianne Biles, born March 14, 1997, in Columbus, Ohio, is widely regarded as one of the greatest and most dominant gymnasts of all time. Adopted by her grandparents at a young age, Biles discovered gymnastics during a daycare field trip at age 6. Her natural talent quickly became apparent, and she began training seriously under coach Aimee Boorman. Biles made her elite debut in 2011 and joined the U.S. national team in 2012. Her senior career launched in 2013, marked by winning the all-around at the U.S. P&G Championships. Biles' dominance in gymnastics is unprecedented, with a record 19 World Championship medals, including 14 golds. At the 2016 Rio Olympics, she won four gold medals and one bronze, cementing her status as a gymnastics legend. Known for her powerful tumbling and consistency, Biles has several moves named after her, including the Biles (double layout with a half twist) on floor exercise. Off the mat, Biles has been an advocate for mental health awareness, particularly after withdrawing from several events at the 2020 Tokyo Olympics (held in 2021) to focus on her mental well-being. She has also been outspoken about her experiences as a survivor of sexual abuse within USA Gymnastics. Biles is engaged to NFL player Jonathan Owens and continues to inspire millions with her athleticism, resilience, and advocacy work. Her nickname in the gymnastics community is 'GOAT' (Greatest Of All Time).

Simone Biles has accumulated her wealth primarily through her illustrious gymnastics career, endorsements, and television appearances. As a top athlete in her sport, Biles has earned substantial prize money from competitions, including World Championships and Olympic Games. However, the majority of her income comes from lucrative endorsement deals with major brands such as Nike, Visa, United Airlines, Uber Eats, and Athleta. Biles has also capitalized on her fame through television appearances, including competing on Dancing with the Stars in 2017. She has authored a book, Courage to Soar: A Body in Motion, A Life in Balance, which contributes to her income. Additionally, Biles has ventured into business, launching a line of gymnastics equipment with Spieth America.

Biles' net worth is primarily derived from her gymnastics career and the opportunities it has afforded her. Her Olympic success significantly boosted her marketability, leading to numerous high-value endorsement deals. These deals likely constitute the largest portion of her wealth. Prize money from competitions, while substantial, is likely a smaller contributor. Her book sales and television appearances provide additional income streams. Biles' expenses likely include training costs, travel, and a team of professionals such as agents and financial advisors. Her assets may include real estate, as she purchased a home in Houston in 2020. Investments are likely diversified, potentially including stocks, bonds, and other financial instruments, managed by professional advisors. Given her young age and continued earning potential, Biles' net worth is expected to grow significantly in the coming years, especially if she continues to maintain a high public profile post-competitive career.