A Deep Dive into Simone Biles Net Worth and Career Earnings

Simone Biles is not just a gymnast but a global icon. With her unmatched skills, she has redefined the sport and become one of the most celebrated athletes in history. Her performances have inspired millions, and her influence extends far beyond gymnastics. She has earned widespread recognition throughout her career and amassed a significant fortune. Simone Biles net worth reflects her success, hard work, and strategic brand partnerships.

Understanding Simone Biles net worth requires looking at her journey from a young gymnast to a world champion. While gymnastics does not offer the highest financial rewards, Biles has maximized her earnings through endorsement deals, sponsorships, and wise investments. In this blog, we will explore how she built her wealth, what contributes to her income, and how she remains the richest gymnast in the world.

Early Life and Gymnastics Career

Simone Biles was born in 1997 in Columbus, Ohio. She started gymnastics at six after a daycare field trip to a gym. Her talent was quickly recognized, and she began formal training. By age ten, she was already competing at a high level.

In 2013, she made history by becoming the first Black woman to win the all-around gold medal at the World Championships. She repeated this achievement in 2014, proving her dominance in the sport. In 2016, she won four gold medals and one bronze at the Rio Olympics, cementing her legendary status.

Simone Biles Net Worth in 2025

As of 2025, Simone Biles net worth is estimated to be $20 million. Her earnings come from gymnastics competitions, endorsements, sponsorships, and business ventures. Unlike other athletes, she does not earn a fixed salary but makes money through various sources.

How Much Has Simone Biles Earned from Gymnastics?

Gymnastics competitions do not pay large sums to athletes. Olympic medals come with financial rewards but are relatively small compared to other sports. In the U.S., Olympic medalists earn:

$37,500 for a gold medal
$22,500 for a silver medal
$15,000 for a bronze medal

Biles has won seven Olympic medals. In 2016, she earned $110,000 from her four golds and one bronze. In 2021, she earned $37,500 from silver and bronze. Her total Olympic earnings are $147,500.

While these winnings are significant, they do not make her a millionaire. Her real wealth comes from endorsement deals.

How Much Does Simone Biles Make from Endorsements?

Endorsements are the primary source of Simone Biles net worth. She is one of the most marketable athletes in the world. In 2021, Forbes estimated that she made at least $5 million annually from endorsements. This number varies yearly; in 2022, she earned around $10 million.

Some of her major endorsement deals include:

Athleta: A sportswear brand that aligns with her values.
Subway: A global fast-food chain.
Powerade: A sports drink brand.
Visa: A top financial services company.
United Airlines: A major airline sponsor.
Core Power: A protein drink brand that supports fitness and recovery.
Autograph: A digital collectibles platform where fans can buy exclusive sports NFTs.

These deals contribute significantly to her fortune and make her the highest-paid gymnast in the world.

Why Did Simone Biles Leave Nike?

In 2021, Biles ended her six-year partnership with Nike and joined Athleta, a brand focused on inclusivity and empowerment. She felt that Athleta supported her not just as an athlete but also as a person.

Nike has also been criticized for its treatment of female athletes, particularly its maternity policies. Biles’s decision to switch brands aligned with her personal and professional values.

Simone Biles, the Richest Gymnast

Yes, Simone Biles is the richest gymnast in the world. Her earnings have topped all other gymnasts, including former stars like Shawn Johnson, whose net worth is around $9 million. Forbes also listed her among the highest-paid female athletes in 2022, proving her financial success beyond the gymnastics arena.

Simone Biles's Spending

Despite her wealth, Biles describes herself as frugal. She prefers to spend wisely and only splurges when she feels she has earned it. However, she does invest in luxury items and experiences. Some of her known expenses include:

Real estate: She owns a beautiful home in Texas.
Luxury cars: She has been seen with high-end vehicles.
Travel: She enjoys vacations and special trips.
Philanthropy: She donates to charities and supports causes related to mental health and child welfare.

She also strongly advocates for mental health and uses her platform to raise awareness and support for others facing similar challenges.

Future Earnings Potential

Simone Biles is expected to increase her net worth even further. She is making a strong comeback and aims to compete in the 2024 Paris Olympics. Her marketability will grow if she wins more medals, leading to new endorsement deals and financial opportunities.

Her partnership with Athleta and other brands will continue to bring in millions. She may expand her brand through businesses, book deals, or media projects in the future. Additionally, her influence in gymnastics and sports advocacy could lead to roles as a mentor, coach, or sports commentator in the coming years.

Conclusion

Simone Biles net worth is a testament to her talent, hard work, and marketability. While her competition earnings are modest, her endorsement deals have made her a multimillionaire. Her financial success will only grow as she continues to dominate gymnastics and expand her brand. She is the greatest gymnast of all time and the richest in her sport. With her determination and business acumen, she will continue to inspire and achieve success both on and off the mat.