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Simone Biles Net Worth: $25 million
Introduction about Simone Biles
Simone Biles is not just a name but a brand in the world of gymnastics. Her net worth of $25 million speaks volumes about her success both on and off the mat. As of August 1, 2024, Biles stands as the most accomplished American gymnast with an impressive collection of medals and numerous endorsements.
Simone Biles Achievements and Olympic Success
Simone Biles’ journey to becoming the greatest gymnast of all time is marked by her extraordinary accomplishments. She has won over 30 medals in both Olympic and World Championship events. Among these, she boasts six Olympic gold medals, one silver, and two bronze. Her most notable achievements came during the 2016 Summer Olympics, where she won individual golds in floor, vault, and all-around, and a bronze on the balance beam. Additionally, she was part of the US team, known as the “Final Five,” that clinched the gold.
Biles’ success didn’t stop there. She has won the US championship a record eight times, with her first win at the age of 16 in 2013 and her most recent in August 2023 at the age of 26. Despite facing challenges at the 2020 Summer Olympics in Tokyo, where she experienced a case of “the twisties,” Biles managed to secure a bronze on the balance beam and a silver with the team.
Simone Biles Endorsements
Simone Biles has significantly supplemented her gymnastics income through a range of lucrative brand endorsements.
Pre-2016 Olympics:
- Biles appeared in a Tide commercial alongside other gymnasts.
- Signed an exclusive, long-term deal with Nike in 2015.
- Partnered with GK Elite Sportswear to produce a line of Simone Biles leotards.
Post-2016 Olympics:
- Featured on the cover of a special edition Wheaties box with her “Final Five” teammates.
- Signed endorsements with United Airlines, The Hershey Company, Procter & Gamble, Mattress Firm, Spieth America, Beats by Dre, Athleta, Visa, Oreo, Uber Eats, MasterClass, and Facebook Watch.
From 2019 to 2021, leading up to and during the 2020 games, Simone was the highest-paid Olympic athlete in terms of endorsements, earning at least $20 million.
In April 2021, Biles made a significant move by dropping Nike and signing with Athleta. This deal included a commitment from Athleta to arrange a national exhibition for Biles post-Olympics and to produce a line of activewear. Biles reportedly left Nike due to concerns about the company’s scandals and controversies.
Early Life of Simone Biles
Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. She and her three siblings faced a challenging childhood, often in and out of foster care. In 2000, her grandmother began playing a significant role in her upbringing, and Biles grew up in the suburbs of Houston, Texas. Raised in a Catholic home, she maintained strong ties to Belize, her mother’s homeland, and holds Belizean citizenship.
From a young age, it was evident that Biles was destined for greatness in gymnastics. To accommodate her rigorous training schedule, she was homeschooled for her secondary education, allowing her to train over 33% more. By the time she attended university, Biles was already competing at the highest level in the Olympics.
Simone Biles’ Gymnastics Career
Biles’ gymnastics career began at an early age. By the age of 8, she was training with coaches like Aimee Boorman. At 14, she competed in the American Classic in Houston, finishing third. In 2012, she placed first at the American Classic in Huntsville and was named to the US Junior National Team.
2013-2014:
- Made her senior international debut at the American Cup.
- Competed at the City of Jesolo Trophy, helping the US team win gold.
- Invited to a private camp by Márta Károlyi after a poor performance at the 2013 US Classic.
- Worked with a sports psychologist, leading to improved results and selection for the World Championships team.
- Won first place at the 2013 Artistic Gymnastics Championships.
2014-2015:
- Overcame a shoulder injury to win the US Classic in Chicago.
- Helped the US team win gold at the World Artistic Gymnastics Championships.
- Won the AT&T American Cup, City of Jesolo Trophy, US Classic, and US National Championships in 2015.
- Represented the US at the 2014 World Artistic Gymnastics Championships in Glasgow, winning for the third consecutive time.
2016 Olympics:
- Helped the US team qualify for first place.
- Won her first Olympic gold medal in the team event.
- Secured gold in the individual all-around category.
- Claimed bronze at the balance beam final and another gold in the women’s floor exercise final, for a total of four Olympic gold medals.
After a brief hiatus, Biles returned to gymnastics in 2018 with upgraded routines, continuing to dominate the sport.
In 2022, Biles was awarded the Presidential Medal of Freedom by President Joe Biden.
Personal Life and Relationships
In 2017, Biles began dating fellow gymnast Stacey Ervin Jr. The couple split in 2020 after three years together. Later that year, Biles started dating professional football player Jonathan Owens. They got engaged on February 15, 2022, and married on April 22, 2023.
Advocacy and Larry Nassar Case
In 2018, Simone Biles joined other Olympians in accusing USA Gymnastics physician Larry Nassar of sexual assault. She criticized USA Gymnastics for enabling the abuse and attempting to cover it up. Biles decided not to attend Nassar’s trial in 2018, stating she wasn’t emotionally ready to face her abuser.
Real Estate Investments
In 2020, Biles announced on social media that she had purchased a new home, showcasing a few pictures of her spacious and luxurious residence. Despite her frugality, she made a smart investment in real estate, with the property reportedly costing less than $750,000.
In 2023, Biles and her husband Jonathan Owens began building a new home together.
Back in 2017, Biles sold her childhood home in Houston, Texas, for between $250,001 and $285,000. The 3,711 square foot residence was listed for $289,000.
Conclusion
Simone Biles’ net worth of $25 million reflects her incredible achievements in gymnastics and her successful endorsement deals. From her challenging early life to her rise as the greatest gymnast of all time, Biles’ journey is a testament to her resilience, dedication, and unparalleled talent. As she continues to break records and inspire millions, her legacy in the world of gymnastics and beyond remains firmly cemented.
FAQs About Simone Biles
Q: Who is Simone Biles’ husband?
A: Simone Biles’ husband is Jonathan Owens, a professional football player. The couple began dating in 2020 and announced their engagement on February 15, 2022. They tied the knot on April 22, 2023. Owens plays in the NFL and has been a significant support system for Biles, especially during challenging times in her gymnastics career. The couple frequently shares glimpses of their life together on social media, showcasing their strong bond and mutual admiration.
Q: What is Simone Biles’ height?
A: Simone Biles stands at 4 feet 8 inches (142 cm) tall. Despite her petite stature, Biles’ athleticism and power have made her a dominant force in gymnastics. Her height gives her a lower center of gravity, which contributes to her exceptional balance and agility, allowing her to perform complex routines with precision and grace.
Q: Who is Simone Biles?
A: Simone Biles is an American artistic gymnast widely regarded as the greatest gymnast of all time. Born on March 14, 1997, in Columbus, Ohio, she has won over 30 Olympic and World Championship medals, including six Olympic golds. Biles has also garnered numerous endorsements, making her one of the highest-paid Olympic athletes. Beyond her athletic achievements, she is an advocate for mental health and has spoken out against sexual abuse in gymnastics, notably in the Larry Nassar case.