Simone Biles

Simone Biles is an American artistic gymnast who is considered the most accomplished American gymnast of all time winning over 30 medals including both in the Olympic and World Championship platform. She has racked up a total of 11 medals in the Olympics and as of this writing, seven of them are gold.

Being considered the greatest American gymnast of all time, Simone clearly caught the attention of all media skyrocketing her fame to cloud 9. Moreover, Simone’s successful career also landed several lucrative deals on her doorstep resulting in a multi-millionaire stature.

What Is Simone Biles’s Net Worth?

“As of 2024, Simone Biles has a net worth of $25 million and is considered the greatest American gymnast of all time.”

Considered the greatest American gymnast of all time, Simone Biles has raised her fame on a global scale which also resulted in her wealth boasting an eight-figure net worth stats. She is also one of the highest-paid Olympic athletes in the world. As for championship salary, Biles has pocketed a total of $135,000 bonus for winning 3 gold and one silver medal in the 2024 Paris Olympics which is pale in comparison to her endorsement earnings.

Simone was inducted into the Forbes Top 100 Highest-Paid Female Athletes list (#16 in the list) back in 2023 with an earning of $7.1 million. Obviously, the multi-million dollar figure was because of her lucrative deals over the years with renowned brands like United Airlines, Beats by Dre, Athleta, Visa, MasterClass, Facebook Watch, and many more.  

What Is Simone Biles's Claim To Fame?

Simone Biles’s undeniable gymnastic talent first caught global attention back in 2016 at the Rio Summer Olympics where she qualified as the top overall gymnast in four individual finals. As a result, she helped the U.S. team secure first place at the 2016 Rio Olympics winning four gold medals in the process.

Just two years after her huge Olympic debut, Simone decided to grab the media attention as she joined her voice with many other Olympians against USA gymnastics physician Larry Nassar. In 2018, Larry was accused of sexual assault while Simone even claimed the organization was attempting to cover the ongoing shameful practices up.

Despite her injuries and the COVID-19 occurrence in 2020, Simone stayed focused on her rehabilitation and worked her way up to Olympic standards. She was even awarded the Presidential Medal of Freedom by President Joe Biden back in 2022.

The people of the free world were very anxious about Simone’s return to the 2024 Paris Olympics given her past injuries and a long layoff. However, “$imoney” made a stunning return securing 3 gold medals and a silver medal. She also claimed the Olympic all-around title second time in an epic showdown at the 2024 Paris Olympics.

What Brands Has Simone Biles Endorsed?

The two-time “Olympic All-Around” title holder’s multi-million dollar net worth is mostly because of her lucrative deals with international brands that are worth millions. As per Forbes, back in 2023, Simone pocketed around $7 million on endorsement deals alone. Let’s have a detailed look at her million-dollar brand endorsements.

• Athleta over Nike: Back in 2021, Simone signed a multi-year contract after rejecting Nike’s 5-year contract with renowned shoe brand Athleta in collaboration to design a range of signature products for aspiring young athletes. She was also involved with the company’s “Athleta Girl” wing for female athletes.
• NULO: In October 2023 Biles partnered with pet food company “NULO” for their $10 million advertising campaign. She was even featured in a 15-second commercial ad video with her bulldogs.  
• United Airlines: Before the Tokyo Olympics in 2021, Simone Biles was recruited by United Airlines to feature her in their “Time to Let Yourself Fly” campaign. However, the numbers of that deal in not disclosed publicly.  
• GK Elite: The same year, Simone joined hands with gymnastics equipment manufacturer brand GK Elite to collaborate with their first-ever athlete-designed competitive leotards. From that point on, she became the fame of the company.
• K18: The skincare brand K18 recently signed Biles as their brand ambassador for a 2-year contract deal. She was also part of their advertising campaign.
• The Hershey Company: Just before the Rio Olympics in 2016, The Hershey Company stepped forward to sign a partnership deal with the U.S. gymnast Simone Biles and they also sponsored the U.S. Olympic Committee.
• Procter & Gamble: Simone Biles and Aly Raisman were signed by P&G before their 2016 Rio Olympics and were featured in ad campaigns.
• Mattress Firm: The largest mattress retailer in the U.S. Mattress Firm came forward and signed Simone a multi-year contract with U.S. gymnast Simone Biles back in 2016 to create awareness of their brand.  
• Spieth America: One of Simone’s biggest endorsement deals came to fruition back in 2018 when Spieth America signed Biles for a 10-year partnership deal through 2028.
• Beats by Dre: Just after the 2016 Rio Olympics, Beats by Dre signed Simone Biles for an endorsement deal and was featured in their Beats Global campaign in 2019.
• Visa: Visa has worked with Simone since 2021 and just before the 2024 Paris Olympics, Simone and her sister Adria Biles were featured together in their “Pay Like an Olympian” campaign ad.  
• Oreo: Back in 2021, Simone was featured in Oreo’s new campaign “Think Yoy Can Dunk Like Me” for their Olympics-themed Oreo collection flavor.  

Besides all these brands, Simone also partnered with other companies like Tide, Power Core, MasterClass, Uber Eats, etc., and featured in their ad campaign.

How Does Simone Biles Spend Her Millions?

Being the highest-paid U.S. gymnast does come with its perks with roughly $3 - $5 million income per year through brand endorsements only. With that amount of money in the hand of a 27-year-old young girl will result in multiple properties and luxury vehicles.

How Many Houses Does Simone Biles Own?

Although Simone’s property list is not overwhelming like other athletes, for gymnasts it is pretty impressive. So, let’s take a look at Simone Biles’s real estate portfolio in brief.

• Texas Brick House: Back in 2018, Simone bought a traditional brick house for $375,000 in Texas but later sold it to a family member. However, the selling price of that property is not available in public records.
• Contemporary Estate: Just before the Tokyo Olympics in 2021, Simone picked up a 4,000-square-foot contemporary estate in Texas. Although the accurate price that Simone paid for the property is not available, according to the market, it was on the market for $863,500 in 2020.
• Green Bay Home: During an interview with Vanity Fair in February 2024, Simone mentioned that she and her husband own a property in Green Bay. However, the details of the property are still undisclosed.
• Texas Dream House: Back in March 2023, Biles came forth with the news of her most recent projects that she is building her dream house in Texas with her husband Jonathan Owens. The couple frequently posts about the ongoing construction and plans to move in in 2025.

How Many Cars Does Simone Biles Own?

Simone is not a gearhead but she does like fancy cars and enjoys them fully whenever she gets free time. She even posts stories frequently about her rides making us guess her next move. Do visit us later as we will be back with a separate article on Simone Biles’s car collection.

• 2024 Mercedes-Benz G 550: The most recent addition to Simone Biles’s car collection is a 2024 M-Benz G550. After wrapping up the 2024 Paris Olympics with three golds and one silver, Simone treated herself to a brand-new white M-Benz G-Class replacing her old matte black Mercedes-Benz G-Class. She even posted a story on her Instagram page stating “Out with the old, in with the new…”.
• Range Rpver Velar: Simone has been popping off here and there after her Paris Olympics performance. As a result, her private life has been under the spotlight which eventually disclosed one of the cars in her collection - a white Range Rover Velar.  
• Range Rover Evoque Convertible: Simone Biles’s homecoming after the Paris Olympics was special as she was welcomed with a PARADE before reuniting with her husband Jonathan. There we were also fortunate to witness another Range Rover in her collection which was a turquoise Evoque Convertible.

What Are Simone Biles's Charitable Contributions?

Being put under adoption at the age of three, Sime Biles certainly experienced her fair share of struggle in life, and after becoming a prominent figure in the athletic world, Simone used the platform to give back to the community.

• Friends of the Children: Friends of the Children is a non-profit organization founded in 1993 in Portland that helps foster youths discover their life purpose and help in achieving their dreams. Simone has been actively involved with the organization and frequently checks in to visit with the kids. 
  “I know exactly what these kids go through and what they need to be successful when they’re older…”

What's Next For Simone Biles?

Recently, the Paris Olympics just wrapped up and people have been curious about Simone’s future plans for her personal as well as professional career. In an interview with E! News on August 7, 2024, Simone disclosed that she and her husband Jonathan are planning to have kids somewhere near the future. She was also asked if that’s it for her gymnastics career to which Simone answered, “You know, you never say never. The next Olympics is on home turf, so you just never know. I’m just gonna relax and see where life takes me.”

Also Read:

• Serena Williams' Net Worth
• Mariah Carey's Net Worth
• Taylor Swift's Net Worth