Despite her widespread fame since 2013 which was popularized by the Neftlix documentary Simone Biles: Rising it is unclear how much Simone Biles is worth despite her enormous success. Her rise to become one of the finest gymnasts of her generation, if not the greatest gymnast of all time, has been remarkable, especially in light of her remarkable medal haul because of her success, Biles is now firmly positioned among the most well-known individuals living, having on the top of athletics.
The 30-time medalist at the World Championships became the oldest American woman to qualify for an Olympic squad in seventy-two years when she qualified for Paris 2024. In any sport, growing older doesn’t offer any advantages, but Simone Biles is in a special position.
The gymnast’s experience surpasses that of the whole US Women’s Gymnastics team, who are headed to Paris. She certainly have a competitive advantage because to her years of experience in the sport, but it’s possible that her extended break following the Tokyo Olympics was a blessing.
Simone Biles Net Worth 2024
The world was surprised in 2021 when Simone Biles, the most decorated American gymnast with seven Olympic medals, withdrew from the Tokyo Olympics. She continued to medal, winning silver in the women’s team final and bronze in the balance beam, although she withdrew from five events due to worries about her physical and emotional well-being. Taking part in the U.S. Classic in 2023, the much-loved gymnast made a huge comeback, setting herself up for a significant Olympic comeback in the 2024 Paris Games.
This is a look at her gymnastics background, her net worth, and the reasons for her becoming the richest person in her sport. As per latest update, Simone Biles Net Worth 2024 $16 million. Therefore, it is believed that she is valued between USD 16 million and USD 20 million. The gold medalist is said to have made around $20 million in brand deals in 2021 and 2019 combined.
Simone Biles- Biography
| Birth name | Simone Arianne Biles Owens |
|---|---|
| Born | March 14, 1997 in Columbus, Ohio, U.S. |
| Hometown | Spring, Texas, U.S.A |
| Residence | Spring, Texas, U.S.A |
| Spouse | Jonathan Owens |
| Height | 142 cm |
| Net Worth | Around $16 million |
Simone Biles Early Life, Education
On March 14, 1997, Shannon Biles gave birth to Simone Biles and from the beginning of her existence, Kelvin Clemons, her biological father, has not been with her. The younger Biles brothers were thus placed in foster care for a number of years. When Biles’ biological mother left her and she was put in foster care, she was just three years old. Lost in her observations, she started to mimic the teenagers’ motions.
After noticing this in the gym, the coaches suggested that Biles join in a training facility in a letter sent to her parents. Then she got enrolled Biles in Bannon’s Gymnastix Center, where she started her gymnastics career. In Harris County, she completed her Benfer Elementary School as per her education details. She completed her secondary schooling at home, and she received her certificate in the middle of 2015.
Simone Biles- Career, Records
Biles started gymnastics as a pastime when she was six years old. 2011 saw her begin competing in junior divisions. The coach, Amy Boorman, started training when she was eight years old. Since 2017, Laurent and Cecile Landi, her instructors, have been directing her. Biles, who goes by the name “$imoney,” has sustained several injuries during her career but has consistently recovered well.
After winning bronze on the beam at the 2020 Tokyo Olympics, Biles equaled the record held by Shannon Miller for the most Olympic medals won by a US gymnast. Her five gold medals from a single world championship edition in 2019 made her the first female artistic gymnast from the United States. By winning four golds in the Rio Olympics in 2016, she tied the record for the most golds won by a female artistic gymnast in a single competition.
Simone Biles- Earnings & Endorsements
Biles reportedly made more than $7 million in 2023 alone coming from endorsements. As per reports, she was tied for the 14th-highest paid female athlete in the previous year due to her salary. Being a highly accomplished and well-known gymnast, Biles’ name and face have significant value in the world of product lines and advertising campaigns.
She is estimated by Forbes in 2021 to make at least $5 million a year from sponsorship deals. However, given that she earned $10 million in 2022, this figure is liable to drastic fluctuations. Biles has been endorsing for with Athleta, Visa, MasterClass, UberEats, and United Airlines, among other companies.
Relationship
In 2017, she went out with another gymnast named Stacy Ervin Jr and after dating for few years, they decided to break up. In August 2020, she began dating Jonathan Owens, a professional American football player. They connected via Raya, a dating app. On February 15, 2022, Biles made the news that she and Owens were engaged and on April 22, 2023, they got married.
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Somu is a passionate writer in the news and entertainment field. Since February 2024, she’s been with Global Beauties, making headlines and stories easy to understand. Guided by industry leaders, Somu excels at finding fresh trends and sharing them with a broad audience.