Simone Biles is an American artistic gymnast with a net worth of $16 million. She is the most accomplished American gymnast of all time with 32 medals to her name including Olympic and World Championship medals. Biles is among the most decorated gymnasts in world history. Most believe that Simone Biles is the best gymnast of all time.
Some of her most famous accomplishments happened in the 2016 Summer Olympics. At the games, she competed as part of the United States team known as the “Final Five.” At these games, Simone Biles won individual golds in the floor, vault, and all-around. She got a bronze on the balance beam and another gold as a member of the United States team.
Sadly, Simone Biles struggled at the 2020 Summer Olympics in Tokyo, which happened in 2021 after a pandemic delay, winning a bronze on the balance beam and a silver medal with the team. She partly withdrew from the games after a case of “the twisties” where a gymnast shortly loses their air balance awareness.
Leading up to the 2020 games, before and after the deferment, Simone Biles was the most-marketed US athlete in terms of endorsements. She earned around $20 million from a variety of deals in the years leading up to the games and contracts that go into the future.
Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. Simone together with her three siblings was continuously in and out of foster care while she was growing up. Her grandmother began playing a major role in her upbringing in 2000, and during that time Simone Biles grew up in the suburbs of Houston, Texas.
Raised in a Catholic home, Simone maintained major roots in Belize while growing up, since her mother is Belizean. Up to today, she holds Belizean citizenship. At a tender age, it became quite clear that Simone was destined for a career as a professional gymnast. She was consequently pulled out of class and then homeschooled for the rest of her secondary education.
This strategy enabled her to train more than 33%, and before going to the university, Simone Biles was competing in the Olympics at the highest level.
Simone Biles Career
Biles started her gymnastics career quite early and by the age of 8, she was training with various coaches like Aimee Boorman. By the time she was 14, she participated in the American Classic in Houston where she finished third. She later won the American Classic in Huntsville in 2012 and was named to the US Junior National Team in the same year.
In 2013, she made her senior international debut at the American Cup before she competed in the City of Jesolo trophy and enabled the US team to win a gold medal. Biles represented the US at the 2014 World Artistic Gymnastics Championships held in Glasgow, Scotland. She won the competition for the third straight time. By this point, she had already won 14 World Championships medals. She has never looked back ever since.
Before the 2016 Olympics, Simone Biles appeared in a Tide commercial together with several other gymnasts. She had already signed an exclusive, long-term deal with Nike in 2015. During the same year, she signed a contract with GK Elite Sportswear to produce a line of Simone Biles leotards.
Biles joined her fellow “Final Five” teammates on the cover of a special edition Wheaties box. She also got lucrative endorsement deals with these brands:
- Mattress Firm
- Spieth America
- Beats by Dre
- Uber Eats
- Facebook Watch
- United Airlines
- The Hershey Company
- Procter & Gamble
Simone Biles was the highest-paid Olympic athlete with regard to endorsements leading up to and during the 2020 games. She earned over $20 million from endorsements between 2019 and 2021. She famously dropped Nike and signed with Athleta in April 2021.
Simone Biles joined many other current and past Olympians accusing USA gymnastics physician Larry Nassar of sexual assault. Like most of her teammates, she alleged that USA Gymnastics played a major role in letting the abuse continue over a long time, and accused the organization of trying to cover it up. She did not attend Nassar’s trial in 2018, since she was not emotionally ready to confront her abuser.
In 2020, Simone Biles bought a new home and showed off several pictures of her new place on social media. The home was spacious and luxurious, with pictures showing tile floors and other interior details.
Despite working on budgets, it appears like Simone Biles was ready to spend a lot on real estate – a smart investment. In 2017, she sold her childhood home in Houston, Texas for $289,000, and it spans a total of 3,711 square feet.