Simone Biles Net Worth: Balancing Financial Success with Olympic Gold

Simone Biles Net Worth

Simone Biles, an American gymnast, has achieved remarkable success in her field, paralleled by her significant financial accomplishments. Her journey intertwines Olympic triumphs with financial acumen.

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Simone Biles Net worth

Simone Biles, celebrated as one of the greatest gymnasts ever boasts an impressive net worth of $16 million. This American artistic gymnast has claimed a total of 32 medals, spanning both the Olympics and World Championships. Her exceptional skill and numerous accolades have established her as a historic figure in gymnastics.


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Who is Simone Biles?

Simone Arianne Biles Owens, born March 14, 1997, is an American artistic gymnast renowned as the most decorated gymnast in history with 37 Olympic and World Championship medals. Her achievements include seven Olympic medals and multiple World Championships, making her one of the greatest gymnasts ever. Notably, at the 2016 Rio Olympics, she earned individual golds in the all-around, vault, and floor exercises, and at the 2020 Tokyo Olympics, she bravely prioritized her mental health by withdrawing from several events, still securing a silver and a bronze.

Biles has shattered records, including the most World Championship medals won by any gymnast, with a total of 30 medals. Her groundbreaking performances have earned her numerous accolades, including three Laureus World Sportswoman of the Year awards and the prestigious Presidential Medal of Freedom in 2022. As of 2023, she continues to dominate, having recently claimed her eighth U.S. Gymnastics title, surpassing a 90-year-old record.

Early life and education

Simone Biles was born on March 14, 1997, in Columbus, Ohio, and faced a challenging early life as her birth mother struggled to care for her and her siblings, leading them into foster care. In 2000, her life took a positive turn when her maternal grandfather, Ron Biles, and his wife, Nellie, took Simone and her sister Adria into their home in Spring, Texas, and formally adopted them in 2003. The eldest siblings were adopted by their aunt, completing the family’s restructuring.

Biles holds dual nationality with Belize through her adoptive mother, Nellie, who is of Belizean descent, and she often expresses a deep connection to Belize as her second home. Raised in a Catholic household, Simone’s upbringing was rooted in faith and community, elements that have remained integral in her life.

Education played a key role in Biles’ early gymnastics career; she transitioned from Benfer Elementary to homeschooling to accommodate her training schedule, which increased from 20 to 32 hours per week. Though initially committed to UCLA, Biles opted to turn professional in 2015, foregoing her NCAA eligibility to focus fully on her gymnastics career, a decision that preceded her historic performances at the Rio 2016 Olympics.


Simone Biles began her gymnastics journey at the tender age of six during a daycare field trip, where her potential was quickly recognized by instructors. By eight, she was training seriously under coach Aimee Boorman at Bannon’s Gymnastics. Her competitive spirit flourished early; in 2011, at just 14, she made her mark in the junior elite circuit, securing top placements at prestigious meets like the American Classic and the U.S. Classic.

2012 saw her dominance in junior gymnastics solidify, as she clinched first place at several national competitions, which catapulted her onto the U.S. Junior National Team. Biles’ early career set the stage for her senior debut in 2013, where she quickly rose to international fame, overcoming initial setbacks to claim multiple titles at the Jesolo Trophy and other international events.

Her prowess was undeniable as she collected gold across various disciplines, contributing to the U.S. team’s successes and beginning her storied dominance in the sport. Each competition showcased her resilience and ability to triumph over adversity, qualities that would define her storied career and influence the next generation of gymnasts worldwide.

Personal life

Simone Biles has navigated personal and professional challenges with resilience throughout her illustrious career. In her personal life, she was in a relationship with fellow gymnast Stacey Ervin Jr. from August 2017 until March 2020. Shortly thereafter, she began dating NFL player Jonathan Owens, leading to their engagement in February 2022 and marriage in April 2023.

Professionally, Biles has faced several health hurdles, including surgery in 2013 for bone spurs in her right tibia, and a shoulder injury in 2014 that forced her withdrawal from the American Cup. In 2017, she publicly addressed her diagnosis of ADHD, for which she has taken Ritalin under a medical exemption. Her openness about this condition aims to reduce stigma and encourage transparency. Additionally, 2018 brought further trials with a broken toe and a kidney stone, yet she continued to compete and succeed at the highest levels of gymnastics.

What awards does Simone Biles have?

Simone Biles has amassed an impressive collection of awards throughout her gymnastics career. In 2016, she was honored as one of the sponsors for the USS Enterprise, a unique recognition alongside fellow Olympian Katie Ledecky.

That same year, her achievements earned her the Glamour Award for the Record Breaker, and she was celebrated as Sportswoman of the Year by the Women’s Sports Foundation. Biles continued to garner accolades, including the ESPY Award for Best Female Athlete in 2017, and in 2022, she was awarded the prestigious Presidential Medal of Freedom by President Joe Biden, marking her as the youngest recipient. Her remarkable comeback earned her the Laureus World Sports Award for Comeback of the Year in 2024, demonstrating her resilience and continued excellence in the sport.

What made Simone Biles successful?

Biles’ success is attributed to her consistency, vibrant personality, and the complexity of her routines, which set her apart in the gymnastics world.

What are Biles’s Sponsors and endorsements?

Simone Biles has secured numerous sponsorships and endorsements throughout her illustrious gymnastics career, enhancing her visibility and influence beyond the gymnastics arena. Her partnerships include major brands like Nike, which has featured her in various advertising campaigns that highlight her strength and dedication to her sport.

Additionally, Biles has been linked with Athleta, a relationship that focuses on empowering women through sports. This collaboration underscores her commitment not only to athletics but also to promoting positive messages about women’s capabilities and resilience.

Biles also has a deal with Visa, reinforcing her status as a leading figure in sports, and underscoring the financial sector’s recognition of her impact and marketability. Her endorsements extend into the food and beverage industry with partnerships with companies like Kellogg’s, demonstrating the broad appeal of her brand. Each sponsorship deal Biles secures not only supports her financially but also allows her to influence and inspire a global audience, championing both athletic and personal excellence.

What is Simone Biles’ famous quote?

Biles inspires many with her quote, “Always work hard and have fun in what you do because I think that’s when you’re more successful. You have to choose to do it.”

Real Estate

Simone Biles, an iconic American gymnast, has made significant investments in real estate over the years. In 2020, she took to social media to announce the purchase of a new home, with a purchase price under $750,000.

Despite her reputation for frugality, Simone views real estate as a wise investment opportunity. By 2023, she and her husband, Jonathan Owens, began breaking ground on another new home, marking a new chapter in their lives. Earlier, in 2017, Simone sold her childhood home in Houston, Texas, which was listed at $289,000 and eventually sold for between $250,001 and $285,000. This move underscored her ongoing engagement with the real estate market as part of her broader financial strategy.


Simone Biles’ journey from a challenging childhood to Olympic stardom and financial prosperity exemplifies resilience, talent, and the pursuit of excellence.

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FAQs about Simone Biles
  1. What is Simone Biles’ famous quote? “Always work hard and have fun in what you do because I think that’s when you’re more successful. You have to choose to do it.”
  2. How did Simone Biles make her millions? Mainly through endorsement deals and sponsorships with major brands.
  3. How much money does Simone Biles make? Approximately $10 million annually.
  4. What made Simone Biles successful? Her consistency, personality, and complex routines.
  5. How many gold medals does Simone Biles have? She has won 23 World gold medals and 7 Olympic medals.

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