As one of the most talked-about figures, Simone Biles has built a significant fortune. In this article, we dive deep into the assets and career highlights.
What Is Simone Biles' Net Worth?
After her success at the 2016 games, Simone signed lucrative endorsement contracts with the following brands, just to name a few:
In 2015, she signed an exclusive, long-term deal with Nike and a contract with GK Elite Sportswear to produce a line of Simone Biles leotards.
In August 2016, Simone and her fellow "Final Five" teammates appeared on the cover of a special edition Wheaties box.
Leading up to and during the 2020 games, Simone was the highest-paid Olympic athlete in terms of endorsements. From 2019 through 2021, she earned at least $20 million from endorsements.
Unfortunately, Simone struggled at the 2020 Summer Olympics in Tokyo, which took place in 2021 after a COVID delay, taking home a bronze on the balance beam and a silver with the team. She partially withdrew from the games after a case of "the twisties," which is when a gymnast temporarily loses their air balance awareness. Leading up to the 2020 games (before and after the postponement), Simone was easily the most-marketed US athlete in terms of endorsements. She earned an estimated $20 million from various deals in the years leading up to the games and contracts that extend into the future.
Simone Biles is an American artistic gymnast who has a net worth of $25 million. Simone Biles is the most accomplished American gymnast of all time with more than 30 medals to her name (both Olympic and World Championship medals). Many believe that Biles is the greatest gymnast of all time. As of this writing, Simone has won seven Olympic gold medals, two silver medals, and two bronze medals. She is also one of the highest-paid Olympic athletes in the world. As we detail in the next section below, Simone has dozens of major endorsement deals with some of the largest companies on the planet.
Simone Biles has supplemented her gymnastics income with a range of brand endorsements over the years. Prior to the 2016 Olympics, she famously appeared in a Tide commercial alongside a number of other gymnasts.
In April 2021, just three months before the 2020 Olympics, Simone famously announced she had dropped Nike and signed with Athleta. Included in the deal was a commitment from Athleta to arrange a national exhibition for Simone after the Olympics, in direct competition with a similar exhibition traditionally organized by USA Gymnastics. Simone and Athleta will also produce a line of activewear.
Simone reportedly left Nike because she no longer felt that the company matched her values. Specifically, she was concerned about Nike's track record of scandals, employee complaints, and other controversies that have dogged the dominant sportswear company in recent years.
Some of her most notable accomplishments occurred during the 2016 Summer Olympics. At those games, she competed as part of the US team known as the "Final Five." At these games, Simone won individual golds in floor, vault, and all-around. She won a bronze on the balance beam and another gold as a member of the US team. Simone has won the US championship a record EIGHT times. She won her first US championship in 2013 at the age of 16. She won her eighth US championship in August 2023 at the age of 26.
In summary, the total wealth of Simone Biles reflects strategic moves.
Disclaimer: All net worth figures are estimates based on public data.
