What Is Simone Biles’ Net Worth?
Simone Biles has an estimated net worth of $25 million. Widely regarded as the greatest gymnast of all time, Biles has redefined the sport with her extraordinary talent, discipline, and resilience. Her wealth reflects not only her dominance in gymnastics—with more than 30 Olympic and World Championship medals—but also her success in endorsements, personal branding, and business ventures. As one of the most marketable Olympic athletes in the world, Biles’ earnings span far beyond the mat.
Simone Biles: The Making of a Gymnastics Icon
Early Life and Humble Beginnings
Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. Her early childhood was shaped by hardship. She and her three siblings spent time in and out of foster care until her grandparents, Ron and Nellie Biles, stepped in. Eventually, Simone was adopted by her grandparents, who raised her in a stable home environment in the Houston suburbs.
Raised in a Catholic household, Biles also embraced her Belizean heritage through her mother and maintains dual U.S.-Belizean citizenship. Her connection to Belize remains strong and personal.
(Photo by Alex Livesey/Getty Images)
A Star Is Born: Simone’s Gymnastics Journey
Simone’s gymnastics career began at age six during a daycare field trip to a gym, where her natural talent caught the attention of coaches. By the age of eight, she was training seriously with coach Aimee Boorman. Recognizing her potential, her family made the decision to homeschool her starting in secondary school, which allowed more time for daily training—up to 32 hours a week.
Simone’s competitive debut came at age 14 when she placed third at the American Classic. She quickly rose through the ranks and won the American Classic in Huntsville in 2012. That same year, she joined the U.S. Junior National Team, setting the stage for an extraordinary career.
Dominating the World Stage
World Championships and Early Triumphs
Simone made her senior international debut in 2013 and helped the U.S. team win gold at the City of Jesolo Trophy. After a shaky performance at the 2013 U.S. Classic, she worked with a sports psychologist to strengthen her mental game. This paid off when she won gold at the 2013 World Artistic Gymnastics Championships, becoming the first African-American woman to claim the world all-around title.
Biles continued her winning streak in 2014 and 2015, earning more gold medals and becoming a household name in gymnastics. By the time the 2016 Olympics approached, she was already a three-time world all-around champion and a four-time U.S. national all-around champion.
Olympic Glory in Rio de Janeiro
The 2016 Summer Olympics in Rio cemented Biles’ legacy. She was a part of the “Final Five” U.S. gymnastics team and won four gold medals: team, all-around, vault, and floor exercise. She also took home a bronze on the balance beam. Her performance was so dominant and graceful that she was heralded as one of the greatest Olympic athletes of all time.
Challenges at the 2020 Tokyo Olympics
The Tokyo Olympics, held in 2021 due to the COVID-19 pandemic, presented new challenges. Biles withdrew from several events citing mental health struggles and a case of “the twisties,” a condition where a gymnast loses their sense of spatial awareness mid-air. Despite the setbacks, she earned a bronze on the balance beam and a silver in the team event.
Biles’ courage in prioritizing mental health was widely praised and sparked important global conversations about athlete well-being. She became a role model not just for her athletic prowess, but for her strength in vulnerability.
Earning Power: A Deep Dive Into Simone Biles’ Income
Gymnastics Earnings
While top-level gymnastics pays far less than sports like basketball or tennis, Biles has still earned hundreds of thousands through competition winnings. She has won medals in every major competition she entered, but her financial success truly comes from her brand partnerships.
The Power of Endorsements
Simone Biles has become a powerful brand ambassador. She has secured endorsement deals with some of the biggest companies in the world, making her one of the highest-paid Olympic athletes.
Some of her most notable partnerships include:
- United Airlines
- The Hershey Company
- Procter & Gamble
- Mattress Firm
- Visa
- Spieth America
- Beats by Dre
- Uber Eats
- MasterClass
- Oreo
- Facebook Watch
Between 2019 and 2021 alone, Biles reportedly earned at least $20 million through endorsements. Her deal with Tide in 2016 was among her first major endorsements. By the Tokyo Olympics, she had become the face of American gymnastics and a marketing powerhouse.
The Nike Split and Athleta Deal
In a high-profile move, Simone parted ways with Nike in April 2021, citing misalignment of values. She then signed a multi-faceted deal with Athleta, a Gap Inc. brand focused on empowering women. The partnership includes plans for a national post-Olympics exhibition tour, bypassing traditional USA Gymnastics programming.
Athleta also committed to co-developing a line of Simone Biles-branded activewear. The deal signified a new era for athlete-brand collaborations—centered around shared values and empowerment rather than just exposure and financial gain.
Real Estate and Lifestyle
A Frugal Star’s Investment Moves
Despite her multimillion-dollar earnings, Biles is known for her financial prudence. In 2020, she purchased a new home and gave fans a glimpse through social media. The property, which reportedly cost under $750,000, reflects her grounded personality.
In 2023, she and her husband Jonathan Owens announced that they had broken ground on a custom-built home—further proof of Biles’ wise investments and stability.
Selling Her Childhood Home
In 2017, Biles sold her childhood home in Houston, Texas. The house, which featured 3,711 square feet of space, was listed for $289,000. Property records indicate it sold for between $250,001 and $285,000—more evidence of Biles’ down-to-earth approach to life despite her star status.
Awards and Accolades
An Unmatched Resume
Simone Biles has won over 30 medals across World Championships and Olympic Games, making her the most decorated gymnast in U.S. history. Her collection includes:
- 7 Olympic medals: 4 gold, 1 silver, 2 bronze
- 25 World Championship medals (a record), including 19 gold
In August 2023, she won her eighth U.S. Championship title, a feat unmatched in the history of the sport.
Presidential Medal of Freedom
In 2022, Simone Biles was awarded the Presidential Medal of Freedom by President Joe Biden, recognizing her not just for her athletic greatness, but also her advocacy for mental health and her role in speaking out against abuse in sports.
Personal Life and Public Advocacy
Relationships and Marriage
In 2017, Biles began dating gymnast Stacey Ervin Jr. The couple split in 2020, and shortly afterward, Biles began a relationship with NFL safety Jonathan Owens. They got engaged on February 15, 2022, and were married in a private ceremony on April 22, 2023.
Their relationship has been a fan-favorite, with frequent social media posts and public appearances showcasing their strong bond and mutual support.
Speaking Out Against Abuse
Simone Biles played a significant role in exposing the sexual abuse scandal involving former USA Gymnastics physician Larry Nassar. In 2018, she publicly revealed that she too was one of Nassar’s many victims. She criticized USA Gymnastics and the U.S. Olympic Committee for enabling and covering up the abuse.
Although she chose not to attend Nassar’s trial in person, Biles has since become a powerful advocate for athlete safety, accountability in sports institutions, and survivor support.
Simone Biles’ Legacy and What’s Next
Simone Biles has already changed the sport of gymnastics in ways that will be felt for generations. From her gravity-defying routines to her courage in advocating for mental health, she represents a new kind of athlete—one whose legacy transcends trophies.
At just 27, Biles still has time to either continue competing or focus on growing her influence outside the gym. Whether it’s through endorsements, philanthropic efforts, or mentorship programs, her journey is far from over.
Final Thoughts: How Simone Biles Built Her $25 Million Empire
Simone Biles’ $25 million net worth is not just a reflection of her victories on the mat. It’s a testament to smart financial decisions, strong values, and a personal brand rooted in authenticity. She has transcended sport, standing as a symbol of strength, resilience, and hope.
From her early days in foster care to Olympic glory and global recognition, Simone Biles’ story is one of grit, grace, and groundbreaking achievements. And while the world has seen what she can do in gymnastics, her greatest legacy may just be everything she does outside the arena.
- Jax Taylor Reveals Why He Was Fired From Vanderpump Rules - April 19, 2025
- Simone Biles Net Worth - April 19, 2025
- Lisa Marie Presley Net Worth - April 19, 2025
