How Much Is Simone Biles’ Net Worth Forbes And Why Is She So Rich? The Gymnast Is One Of The Highest-Paid Athletes In The World

What is Simone Biles’ net worth and how does she make her money? The Gymnast has an impressive career and net worth at age 25.

Olympic medalist Simon Biles is off the market. The US champion announced her engagement on February 15, 2022, after almost two years of dating NFL star Jonathan Owens.

Simone is one of the most decorated gymnasts in the world. This puts her under the category of the richest and highest-paid athletes in the world.

If you want to know more about her career, net worth, brand deals, and husband, read on till the end of this article.

Simone Biles' Net Worth
Biles has a net worth of $16million and signed a deal with Gap’s Athleta brand to have her own performance wear line. Credit: Athleta

What is gymnast Simone Biles’ net worth?

According to Celebrity Net Worth, Simone Biles is worth approximately $16million.

She has obtained most of her fortune through endorsements, sponsorships, and Olympic wins. Simone Biles has supplemented her gymnastics income with a range of brand endorsements over the years. Simone has earned a little money from her Olympic medals. During the 2020 games, Simone was the highest-paid Olympic athlete in terms of endorsements. She earned at least $20 million from endorsements from 2019 through 2021.

On April 23, 2021, it was announced that Biles was ending her partnership with Nike because she no longer felt that the company matched her values. In the same year, she signed a deal with Gap’s Athleta brand for an undisclosed amount.

In this new venture, Biles will have her own performance wear line, which will include products for wearing to and from the gym, according to the company’s statement.

Prior to the 2016 Olympics, she famously appeared in a Tide commercial alongside a number of other gymnasts.

In 2015 she signed an exclusive, long-term deal with Nike. That same year she also signed 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.

After her success at the 2016 games Simone signed lucrative endorsement contracts with the following brands, just to name a few:

  • United Airlines
  • The Hershey Company
  • Procter & Gamble
  • Mattress Firm
  • Spieth America
  • Beats by Dre
  • Athleta
  • Visa
  • Oreo
  • Uber Eats
  • MasterClass
  • Facebook Watch

Who is Simone Biles, where does she come from and how old is she now?

Simone Biles is an American artistic gymnast. Real named Simone Arianne Biles was born on March 14th of 1997 in Columbus, Ohio.

Simone and her three siblings were constantly in and out of foster care while she was growing up. Her grandmother started playing an active role in her upbringing in 2000, and during this period Biles grew up in the suburbs of Houston, Texas.

Raised in a Catholic home, Simone maintained strong roots in Belize while growing up, as her mother is Belizean. To this day, she holds Belizean citizenship.

At a young age, it became clear that Simone was destined for a career as a professional gymnast. She was subsequently pulled out of class and homeschooled for the rest of her secondary education.

This allowed her to train over 33% more, and before she had attended university, Simone was competing in the Olympics at the highest level.

Does Simone Biles have a job and what does she do for a living?

Simone is the most accomplished American gymnast of all time with a total of 32 medals to her name (both Olympic and World Championship medals). Simone is one of the most decorated gymnasts in world history. Many believe that Simone Biles is the greatest gymnast of all time.

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.

Unfortunately, Simone struggled at the 2020 Summer Olympics in Tokyo, which took place in 2021 after a COVID delay, taking home bronze on the balance beam and 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.

The gymnast will also have a platform to be an activist for women and other female athletes.

Biles released a statement regarding the new partnership, saying: “Using my voice has been very empowering for me and I am grateful to embark on this new journey with Athleta to inspire young girls and women to do the same. 

“I admire Athleta for their commitment to recognize and support women’s individual and collective strength.

Biles has been in a two-year relationship with now fiance NFL star Jonathan Owens. Credit: Instagram/Simone Biles

Who is Simone Biles’s fiance?

Biles has been in a relationship with NFL star Jonathan Owens since August of 2020.

The two announced their engagement on February 15, 2022.

Page Six reported that Owen popped the question with a gorgeous oval-cut diamond ring by Zo Frost.

The jeweler shared that Jonathan began looking for the perfect diamond a few months ago.

They ultimately landed on a 3-carat stone, paying extra attention to design detail.

In 2017, Biles began a relationship with Stacey Ervin Jr., who is also a gymnast. After three years of dating, the pair slip up in 2020.

Biles is the first American female gymnast to win a World medal in every event
Biles is the first American female gymnast to win a World medal in every event. Credit: Getty

How many medals does Simone Biles have?

Biles has accumulated over 30 Olympic and World Championship medals.

She is the most decorated American gymnast and the world’s third most decorated gymnast, behind Belarus’ Vitaly Scherbo, who has 33 total.

The gymnast is a five-time World all-around champion, five-time World floor exercise champion, three-time World balance beam champion, two-time World vault champion, and six-time US national all-around champion.

Biles is the first American female gymnast to win a world medal in every event.

Biles pulled out of the 2020 Tokyo Olympics citing mental health concerns
Biles pulled out of the 2020 Tokyo Olympics citing mental health concerns. Credit: Getty

Why did Simone Biles pull out of the Tokyo 2020 Olympics?

On July 27, 2021, Biles shockingly announced that she was pulling out of the Tokyo 2020 Olympics.

The gymnast, 24, had described her “time off” as the happiest moment of her career earlier this month and was said to have been looking forward to the Olympics ending because of the “unreal” pain in her ankles.

After pulling out of the team final, she confirmed she was not injured, adding: “Just a little injury to my pride.”

“I have to focus on my mental health, ” she said.

“I just think mental health is more prevalent in sports right now…we have to protect our minds and our bodies and not just go out and do what the world wants us to do.

“I don’t trust myself as much anymore, maybe it’s getting older.

“There were a couple of days when everybody tweets you and you feel the weight of the world.

“We’re not just athletes, we’re people at the end of the day and sometimes you just have to step back.”

Where do Simone Biles live and where did she buy her house?

Simone Biles currently lives in Spring, Texas, U.S.

Simone Biles is taking her bronze Olympic medal home to Texas. The 25-year-old gymnast purchased an almost 4,000-square-foot home north of Houston, Texas, the Houston Chronicle reported in July 2020 when the Summer Olympics were originally scheduled.

In 2020, Biles announced on social media that she had purchased a new home, and she showed off a few pics of her new place. The 25-year-old gymnast purchased an almost 4,000-square-foot home north of Houston, Texas for $2 million, the Houston Chronicle reported in July 2020 when the Summer Olympics were originally scheduled. Her mansion was clearly spacious and luxurious, with pictures showing tile floors and other details.

Despite her famous frugality, it seems that Simone was willing to splurge a little on real estate – a smart investment.

Back in 2017, Biles announced that she was selling her childhood home in Houston, Texas. The residence hit the housing market with a price tag of $289,000, and it spans a total of 3,711 square feet.

Also, it was reported by Essentially Sports that Simone Biles and Boyfriend Jonathan Owens are building a house together.

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