Simone Biles Net Worth 2023: Richest Gymnast in the World

Simone Biles is a notable American gymnast. She has obtained 32 medals, including Olympic and World Championship medals. Many individuals believe Biles is the best gymnast ever. She is also rich, with a net worth of around $17 million.

Simone achieved multiple great things in the 2016 Summer Olympics. She was part of the US group named the "Final Five" and got gold medals in floor, vault, and all-around events. She also gained a bronze medal on the balance beam and another gold as a member of the US group. 

Biles has an outstanding record of gaining a victory in the US championship 8 times. She first won when she was only 16 years old and recently won her 8th title at age 26.

Simone had a tough time at the Olympics in Tokyo. She won a bronze medal on the balance beam and a silver medal with the coalition. She had to stop playing because of "the twisties," which is when a gymnast loses their balance awareness temporarily.

Simone was the most advertised US player before and after the 2020 games. She gained almost $20 million from endorsement contracts leading up to the games. In 2022, Joe Biden provided her with a special medal. She won her 8th U.S. Gymnastics title in 2023, breaking a record that was held for 90 years by someone else.

Simone Biles Net Worth

Simone Biles is the most successful woman to have ever done gymnastics. She has won numerous milestones in her career, which include plenty of gold medals and various other accolades. Simone also holds the record of being the most decorated artistic gymnast of all time.

Biles has numerous sponsors, and she does plenty of advertisements as well. She has done advertisements for various brands like Hershey's, Gap, Nike, Octagon, and many more. Simone Biles has a current net worth of around $17 million.

Name	Simone Arianne Biles
Net Worth (2023)	$17 Million
Profession	Artistic gymnast
Monthly Income	$0.3 Million +
Yearly Income	$1.5 Million +
Teammates	Aly Raisman, Sunisa Lee, Jordan Chiles, Laurie Hernandez, Grace McCallum
Head coach(es)	Laurent Landi, Cecile Canqueteau-Landi
Years on the national team	2012–2016, 2018–2021
Last Updated	2023

Earnings History

Simone has a total of 7 Olympic medals. She won 4 gold medals and one bronze in the Rio Olympics in 2016, and she got silver and bronze medals in 2021 at the Tokyo Olympics.

She obtained money for winning gold, silver, and bronze medals. In 2022, the amounts were $37,500 for gold medals, $22,500 for silver medals, and $15,000 for bronze medals. In the 2016 Rio Games, the payments were $25,000 for gold medals, $15,000 for silver medals, and $10,000 for bronze medals.

The Olympics covers food and travel to the matches, but Simone has only gained about $147,500 from her winnings alone.

Endorsement Deals

Simone earned money from gymnastics and endorsement deals. She was in a Tide commercial with other gymnasts before the 2016 Olympics. In 2015, she signed contracts with Nike and GK Elite Sportswear to make her leotards. Simone and her teammates were on the cover of a special Wheaties box in August 2016.

Simone signed contracts with many well-known brands such as Procter & Gamble, United Airlines, Hershey's, Mattress Firm, Spieth America, Beats by Dre, Athleta, Visa, Oreo, and Uber Eats. She was a well-paid Olympic player in terms of endorsement deals during the 2020 games and gained over $20 million from endorsements between 2019 and 2021.

In April 2021, before the Olympics in 2020, Simone said she quit working with Nike and began working with Athleta. Athleta will plan a big show for Simone after the Olympics. This show will participate in a contest against another one organized by the U.S.A. Gymnastics. Also, Simone and Athleta will create clothes for exercising together.

Simone quit Nike because she no longer felt that their values matched hers. She was especially worried about Nike's history of scandals, employee protests, and other debates in recent years.

Home: Simone Biles is a very successful name in America. She has achieved some critical success for her nation on the international stage. Simone Biles owns several properties in America as well. She has a house in Texas, where she lives in Spring. She owns a few more properties in Texas and Ohio. 

In 2020, Biles declared on social media that she purchased a new bungalow. She shared some images of it. Not much was learned about the home, but it looked large and fancy in the images. Even though Biles is usually careful with money, she decided to spend more on this property because it's a profitable investment. The records show that the home cost less than $750,000.

In 2017, Biles said she was selling her ancient house in Houston, Texas. It cost $289,000 and is 3,711 square feet large. The home sold for between $250,001 and $285,000.

In 2023, Simone shared that she and her spouse, Jonathan Owens, were starting to construct a new residence together.

Car collection: Simone Biles has very few cars in her collection. She doesn't seem to be a very big fan of cars. However, she still owns a very beautiful Mercedes and Range Rover. Must Check Don Yee Net Worth.

Serial No.	Cars	Cost
1.	Mercedes-AMG G63	$160,000
2.	Dodge Challenger SRT	$73,000
3.	Mercedes-AMG GLE 43	$65,000
4.	Range Rover Velas	$58,000
5.	Range Rover Evoque Convertible	$44,000

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