Simone Biles net worth is $6 millions, she is an American artistic gymnast. 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).
Early Life
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. That same year she also signed a contract with GK Elite Sportswear to produce a line of Simone Biles leotards.
Raised in a Catholic home, Simone maintained strong roots to Belize while growing up, as her mother is Belizean. To this day, she holds Belizean citizenship. Some of her most notable accomplishments occurred during the 2016 Summer Olympics.
| Name | Simone biles | |
| Age | 50 | |
| Born In | 1971 | |
| Net worth | $6 millions | |
| Current Status | Married |
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 a bronze on balance beam and a 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 lead up to the games and contracts that extend into the future. More on these deals later in this article. That same year she also signed a contract with GK Elite Sportswear to produce a line of Simone Biles leotards.
Personal life
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.
Along with other high-profile American gymnasts, Biles represented the United States at the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, winning the competition for the third consecutive time. By this point, she had won a total of 14 World Championships medals.
A string of strong results continued in 2016, and Biles was inevitable selected to represent the United States at the Summer Olympics that year in Brazil. Simone helped the US team qualify in first place that at the 2016 Olympics, and she also qualified as the top overall gymnast in four of the five individual finals.
She soon won her first Olympic gold medal at the team event, and she followed up with a gold medal in the individual all-around category. She also 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.
Summary
After taking a brief hiatus from competing, she continued her gymnastic career with upgraded routines from 2018 onwards. Simone is one of the most decorated gymnasts in world history. Many believe that Simone Biles is the greatest gymnast of all time.
Career
Biles began her gymnastics career extremely early, and by the age of 8 she was training with coaches like Aimee Boorman. At the age of 14, she competed in the American Classic in Houston. She finished third. In 2012, she placed first at the American Classic in Huntsville.
That year, she was named to the US Junior National Team. In 2013, she made her senior international debut at the American Cup before competing at the City of Jesolo Trophy and help the United States team win a gold medal.
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. That same year she also signed a contract with GK Elite Sportswear to produce a line of Simone Biles leotards.
A poor performance at the 2013 US Classic prompted Marta Karolyi to invite Simone to a private camp, and the young gymnast also started working with a sports psychologist. Better results followed, and Simone was then selected for the World Championships team.
Another clear performance at the 2013 Artistic Gymnastics Championships helped her win another first-place finish. By the point, the 16-year-old was already proving to be an incredible talent, and she was outperforming international gymnasts that were much more experienced.
Things started slowly in 2014 due to a shoulder injury, but Biles bounced back with the US Classic in Chicago, winning the competition by a wide margin. She competed once moe in the World Artistic Gymnastics Championships, helping the United States claim another victory and gold medal. That same year she also signed a contract with GK Elite Sportswear to produce a line of Simone Biles leotards.
In 2015, she placed first at the AT&T American Cup in Arlington, Texas. This performance helped her earn a nomination for the James E. Sullivan Award. More victories came with the City of Jesolo Trophy, the U.S. Classic, and the US National Championships.
Endorsements
Simone Biles has supplemented her gymnastics income with a range of brand endorsements over the years. 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
Leading up and 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. In April 2021, just three months before the 2020 Olympics, Simone famously announced she had dropped Nike and signed with Athleta.
Included in the deal was a commitment from Athleta to arrange a national exhibition for Simone after the Olympics, in direct competition with a similar exhibition that’s traditionally organized by U.S.A. Gymnastics. Simone and Athleta will also produce a line of active-wear.
Simeone reportedly left Nike because she no longer felt that the company matched her values. Specifically she was concerned about Nike’s track record of scandals, complaints from employees and other controversies that have dogged the dominant sportswear company in recent years.
Relationships
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. That year, Simone announced that she had begun dating professional football player Jonathan Owens.
Larry Nassar
In 2018, Simone joined many other current and past Olympians to accuse USA gymnastics physician Larry Nassar of sexual assaault. Like many of her teammates, she claimed that USA Gymnastics played a direct role in allowing the abuse to continue over a long period of time, and she also accused the organization of attempting to cover it up. She decided not to attend trial of Nassar in 2018, as she wasn’t emotionally ready to face her abuser.
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.
Real Estate
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. Not many details were published about her new residence, although it 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.
Simone Arianne Blies
Simone Arianne Biles (born March 14, 1997) is an American artistic gymnast. With a combined total of 32 Olympic and World Championship medals, Biles is tied as the most decorated gymnast of all time. Biles’ seven Olympic medals also ties Shannon Miller for the most Olympic medals won by an American gymnast.
Biles is considered one of the greatest and most dominant gymnasts of all time. At the 2016 Summer Olympics in Rio de Janeiro, Biles won individual gold medals in the all-around, vault, and floor; bronze on balance beam; and gold as part of the United States team, dubbed the “Final Five”.
At the 2020 Summer Olympics in Tokyo, she won bronze on balance beam, as well as silver with the United States team, after struggling with “the twisties”, a temporary loss of air balance awareness. Her partial withdrawal, focus on safety, mental health and perseverance were praised.
Biles is also a five-time World all-around champion (2013–2015, 2018–2019), five-time World floor exercise champion (2013–2015, 2018–2019), three-time World balance beam champion (2014–2015, 2019), two-time World vault champion (2018–2019), a seven-time United States national all-around champion (2013–2016, 2018–2019, 2021).
A member of the gold medal-winning American teams at the 2014, 2015, 2018, and 2019 World Artistic Gymnastics Championships. Additionally, she is a three-time World silver medalist (2013 and 2014 on vault, 2018 on uneven bars) and a three-time World bronze medalist (2015 on vault, 2013 and 2018 on balance beam).
Early Life
Biles also won silver on all four individual events. After the USA Gymnastics National Championships, Biles was named to the Senior National Team and was invited to the qualifying camp for the 2013 World Artistic Gymnastics Championships in Texas. Additionally, she is a three-time World silver medalist (2013 and 2014 on vault, 2018 on uneven bars) and a three-time World bronze medalist (2015 on vault, 2013 and 2018 on balance beam).
Biles is the gymnast with the most World medals (25) and most World gold medals (19), having surpassed Vitaly Scherbo’s record 23 World medals by winning her 24th and 25th, both gold, at the 2019 competition in Stuttgart. She is the female gymnast with the most World all-around titles (5).
Biles is the sixth woman to win an individual all-around title at both the World Championships and the Olympics, and the first gymnast since Lilia Podkopayeva in 1996 to hold both titles simultaneously. She is the tenth female gymnast and first American female gymnast to win a World medal on every event.
The first female gymnast since Daniela Silivaș in 1988 to win a medal on every event at a single Olympic Games or World Championships, having accomplished this feat at the 2018 World Championships in Doha.
Biles was born on March 14, 1997, in Columbus, Ohio, the third of four siblings. Her birth mother, Shanon Biles, was unable to care for Simone or her other children – Adria, Ashley, and Tevin. All four went in and out of foster care.
In 2000, Biles’ maternal grandfather, Ron Biles, and his second wife, Nellie Cayetano Biles, began temporarily caring for Shanon’s children in the north Houston suburb of Spring, Texas, after learning that his grandchildren had been in foster care.
In 2003, the couple officially adopted Simone and her younger sister Adria. Ron’s sister, Shanon’s aunt Harriet, adopted the two oldest children. Biles holds Belizean citizenship through her adoptive mother and refers to Belize as her second home. Biles and her family are Catholic.
Personal Life
Biles attended Benfer Elementary School in Harris County. In 2012, Biles made the choice to switch from public school to home school, allowing her to increase her training from approximately 20 to 32 hours per week.
She gained all of her secondary education as a homeschooler, graduating in mid-2015. Biles verbally committed to UCLA on August 4, 2014. She planned to defer enrollment until after the 2016 Summer Olympics in Rio de Janeiro; in November 2014, she signed her National Letter of Intent with UCLA.
On July 29, 2015, she announced that she would turn professional and forfeit her NCAA eligibility to compete for UCLA. In January 2018, Biles was reported to be taking online classes at the University of the People, to study business administration, and would become the university’s brand ambassador.
Biles first tried gymnastics at age 6 during a day-care field trip. The instructors suggested she continue with gymnastics. Biles soon enrolled in an optional training program at Bannon’s Gymnastics. She began training with coach Aimee Boorman at age eight.
Junior
Biles began her elite career at age 14 on July 1, 2011, at the 2011 American Classic in Houston. She placed third all-around, first on vault and balance beam, fourth on floor exercise, and eighth on uneven bars. Later that month, Biles competed at the 2011 U.S.
Classic in Chicago, Illinois, where she placed 20th all-around, fifth on balance beam and floor exercise. Biles’ first meet of 2012 was the American Classic hosted in Huntsville, Texas. She placed first all-around and on vault, tied for second on floor exercise, placed third on balance beam, and fourth on uneven bars.
Biles’ placement in the American Classic secured her a spot to compete at the 2012 USA Gymnastics National Championships. She later competed at the 2012 U.S. Classic in Chicago. She finished first all-around and on vault, second on floor exercise, and sixth on balance beam.
In June, she made her second appearance at the U.S. National Championships in St. Louis, Missouri. She finished third all-around, first on vault, and sixth on uneven bars, balance beam, and floor exercise. After this performance, Biles was named to the U.S. Junior National Team by a committee headed by Márta Károlyi, the National Team Coordinator (2001–2016).
Senior
Biles’ senior international debut was in March at the 2013 American Cup, a FIG World Cup event. She and Katelyn Ohashi were named as replacements for Elizabeth Price and 2012 Olympic gold medalist Kyla Ross, both of whom withdrew from the competition because of injuries.
Biles led for two rotations but finished second behind her teammate, Ohashi, after a fall off the beam. Biles traveled to Jesolo, Italy to compete at the 2013 City of Jesolo Trophy. She took the all-around, vault, balance beam, and floor exercise titles in addition to contributing to the U.S. team’s gold medal.
Biles is the sixth woman to win an individual all-around title at both the World Championships and the Olympics, and the first gymnast since Lilia Podkopayeva in 1996 to hold both titles simultaneously. She is the tenth female gymnast and first American female gymnast to win a World medal on every event.
She and the U.S. delegation next competed at an international tri-meet in Chemnitz, Germany, against teams from Germany and Romania. The U.S. won the team gold medal. In addition, Biles won the vault, balance beam, and floor titles, and tied for second in the all-around, behind Kyla Ross, after a fall on the uneven bars.
In July, Biles competed at the 2013 U.S. Classic. She performed poorly, falling several times, and did not compete vault after twisting her ankle on the floor exercise. In the aftermath of this poor performance, Biles consulted a sports psychologist whom she credits with helping her anxiety and confidence issues and allowing her to begin her streak of dominance in the sport.
Biles competed at the 2013 USA Gymnastics National Championships in August, where she was crowned the national all-around champion. Biles also won silver on all four individual events. After the USA Gymnastics National Championships, Biles was named to the Senior National Team and was invited to the qualifying camp for the 2013 World Artistic Gymnastics Championships in Texas.
Life Style
She was selected for the World Championships team. In October, Biles competed at the 2013 World Artistic Gymnastics Championships in Antwerp, Belgium. She qualified first in the all-around, second to the vault final, sixth to the uneven bars final, fifth to the balance beam final.
And first to the floor final, making her the first American gymnast to qualify to the all-around and all four event finals since Shannon Miller in 1991. Biles competed cleanly during the women’s individual all-around and won the competition with a score of 60.216, almost a point ahead of silver medalist Ross, and almost a point and a half better than the bronze medalist, 2010 world all-around champion Aliya Mustafina.
At the age of 16, Biles became the seventh American woman and the first African American to win the world all-around title. In event finals, she won silver on the vault, behind defending world champion and Olympic silver medalist McKayla Maroney and ahead of 2008 Olympic gold medalist Hong Un Jong of North Korea; bronze on balance beam, behind Mustafina and Ross; and gold on the floor exercise, ahead of Italy’s Vanessa Ferrari and Romania’s Larisa Iordache. She finished fourth in the uneven bars final, behind China’s Huang Huidan, Ross, and Mustafina.
Biles missed the start of the season due to injury, sitting out the 2014 AT&T American Cup and the 2014 Pacific Rim Championships. Her debut that year was at the U.S. Classic in Chicago. She won the all-around by a wide margin and also took first place on vault, beam (tied with Ross), and floor.
At the 2014 USA Gymnastics National Championships, Biles repeated as national all-around champion after two days of competition, finishing more than four points ahead of silver medalist Ross, despite a fall from the balance beam during her final routine of the meet.
Projects
She won the gold on vault and floor, tied for the silver on balance beam with Alyssa Baumann, and finished fourth on the uneven bars. She was once again selected for the Senior National Team. On September 17, Biles was selected to compete at the 2014 World Artistic Gymnastics Championships in Nanning, China.
She dominated the preliminary round despite a major error on the uneven bars, qualifying in first place to the all-around, vault, beam, and floor finals, in addition to contributing to the U.S. team’s first-place qualification into the team final. During the team final, Biles led the United States to its second consecutive world team championship, which they won over the second-place Chinese team by nearly seven points.
In the all-around, Biles performed cleanly on all four events, bettering her bars score from qualifications by more than a point, and won her second consecutive world all-around title ahead of Ross and Romanian Larisa Iordache.
Biles became the second American woman to repeat as world all-around champion, following Miller (1993 and 1994), and the first woman of any nationality to do so since Russia’s Svetlana Khorkina (2001 and 2003). Biles finished behind North Korea’s Hong Un Jong in the vault competition, taking her second consecutive silver medal in that event.
She won the gold in the balance-beam final ahead of China’s Bai Yawen and the gold in the floor exercise final, again, ahead of Iordache. This brought her total of World Championship gold medals to six, the most ever by an American gymnast, surpassing Miller’s five.
Frequently asked questions:
Here is some frequently asked questions related to the article Simone biles net worth
Was Simone Biles the first black gymnast?
In 2013, her first year as a senior competitor, the 4-foot 9-inch (1.45-metre) Biles won the all-around title at her first world gymnastics championships, becoming the first African American woman to claim the title.
Is Simone Biles the greatest gymnast ever?
Simone Biles has a near-unassailable record as the greatest gymnast of all time. With six Olympic medals (four gold), 25 World Championship medals (19 gold) and various other championships to her name, the hardware that the 24-year-old has stacked up over her career speaks for itself.
Is Simone Biles black?
At the age of 16, Biles became the seventh American woman and the first African American to win the world all-around title.
What does Simone Biles do now?
Biles said she has many techniques to help with her mental wellness, including using the mental health app Cerebral. She is now the chief impact officer with the company.
Conclusion
While gymnastics might not move the needle during ordinary times, the sport is one of the top draws during the Summer Olympics. Even if you don’t understand the finer points of technique or can’t quite grasp how the scoring system works, there’s something universally impressive about watching human beings twist, turn, and flip with incredible ease.
When it comes to those feats of strength and agility, Simone Biles is one of the best around. Biles is the sixth woman to win an individual all-around title at both the World Championships and the Olympics, and the first gymnast since Lilia Podkopayeva in 1996 to hold both titles simultaneously. She is the tenth female gymnast and first American female gymnast to win a World medal on every event.