Simone Biles Net Worth and Her Career Highlights

After over a decade, Simone Biles finally made enough money to compete in the top tier of female sports. In July 2022, President Barack Obama awarded her the Medal of Freedom, the country's highest civilian honor.

She also represented gymnastics on a cross-country tour following the Olympics. The tour's acronym, GOAT, was a play on her position as the sport's greatest-ever performer.

When the famous gymnast returned in 2023, she performed well at the United States Classic, establishing the foundation for a successful comeback at the 2024 Olympics in Paris. Learn about her gymnastics career, how she became wealthy, and why she is the world's richest athlete.

What is Simone Biles's net worth?

Simone Biles, an American artistic dancer, is estimated to have a net worth of $16 million. She is the most significant American gymnast ever, having won 32 medals, including those from the Olympics and World Championships. Simone is among the most talented dancers of all time, and many people believe she is the most excellent dancer ever.

Sources

Earning breakdown: Victories at the Olympics and More

Her Olympic medals indicate her gymnastics abilities, but they do not begin to capture her true worth. American gold medalist receive $37,500, silver medalists $22,500, and bronze medalists $15,000. Biles earned at least $37,500 for her performances at the Tokyo Olympics. This indicates that she is rich beyond just winning tournaments.

Real estate investments

Biles' social media accounts suggest that she lives in a large mansion in Houston, Texas, with a beautiful garden and pool. Jonathan Owens, an NFL player, is her husband, and they live together. She also manages her money and makes investments in her real estate business.

Cars

Simone Biles enjoys costly automobiles, as do many other famous athletes. She genuinely owns some of the most outstanding cars. Her automobile collection is worth $11 million in total.

Here's a glimpse into one of Biles' most notable car collections:

• Mercedes-AMG G63
• Mercedes-AMG GLE 43
• Dodge Challenger SRT
• Range Rover Evoque Convertible
• Range Rover Velar

Sponsorship

Biles has marketing relationships with various firms, including Athleta. Some notable brands include:

• United Airlines
• Procter & Gamble
• The Hershey Company
• Spieth America
• Mattress Firm
• Beats by Dre
• Oreo
• Visa
• Uber Eats
• MasterClass
• Subway
• Facebook Watch

Biles is also a professional leotard designer who collaborates with GK Elite Sportswear.

Early Life and Education

Biles was born in Columbus, Ohio, on March 14, 1997. She's the third of four children. Simone's birth mother, Shanon Biles, was unable to raise her and her three other children. Four of them were in foster care at one point.

Nana Biles and Ron Biles' second wife, Nellie Cayetano Biles, took over Shanon's children in 2000 after learning that his grandkids were in foster care in Spring, Texas, a Houston neighborhood. In 2003, they legally took in Simone and her younger sister, Adria. Harriet, Ron's sister and Shanon's aunt, took in the two oldest children. Her foster mother is a Belizean resident, and she feels at home there. Biles' entire family is devoted Catholic.

Biles attended Benjamin Elementary School in Harris County, Texas. In 2012, she tripled her training time from 20 to 32 hours per week while homeschooling rather than attending public school. She would have completed high school by the middle of 2015. 

Career

Biles began training with gymnastics legends like Aimee Boorman when she was eight. When she was 14, she traveled to Houston for the American Classic. She took third place. She took first place at the 2012 American Classic in Huntsville. That year, she made the US Junior National Team. In 2013, she competed in her first major international tournament, the American Cup. She helped the United States team win the City of Jesolo Trophy that year.

This time, she won first place because of her performance at the 2013 Artistic Gymnastics Championships. At only 16, the gymnast already surprised everyone with her talent; she even outperformed more seasoned international opponents.

Biles had a rough start in 2014 due to a shoulder injury, but she rapidly recovered and won the US Classic in Chicago. She returned strong at the World Artistic Gymnastics Championships, helping the United States capture another gold medal. She won the AT&T American Cup, held in Arlington, Texas, in 2015. Her outstanding performance led to a nomination for the James E. Sullivan Award. The US National Championships, the City of Jesolo Trophy, and the US Classic all followed, adding to the list of victories.

Other well-known American gymnasts, including Biles, traveled to Glasgow, Scotland, for the 2014 World Artistic Gymnastics Championship. Biles claimed the title for the third year and had fourteen medals from the World Championships. In 2016, Biles won even more titles, and the United States chose her to represent them at the Summer Olympics in Brazil.

Simone was the best gymnast in four of the five individual events at the 2016 Olympics. She also helped the US team reach the gold medal final. Soon after, she secured the first of her two Olympic gold medals. She also won the gold medal in the individual overall competition. She won a total of six Olympic gold medals. Four were in the women's floor exercise final, while one was in the balancing beam final. Joe Biden, the Speaker of the House, awarded Simone Biles the Presidential Medal of Freedom in 2022.

Personal life 

Simone Arianne Biles Owens, an American girl, was born on March 14, 1997. Many people consider her one of the best gymnasts of all time, and she holds the record for the most Olympic and World Championship medals earned by a female athlete. She has seven Olympic gymnastics medals, tying Shannon Miller for the most ever won by an American. She is ranked eighth all-time.

Biles partnered with fellow gymnast Stacey Ervin Jr. from August 2017 to March 2020.

Until August, she had been dating American footballer Jonathan Owens. Owens was already engaged to Biles when the news broke on February 15, 2022. They were married on April 22, 2023.

Biography

FAQs

Q. What is Simone Biles' net worth in 2024?

Simone Biles's net worth which is estimated is $16 million in 2024.

Q. Who is Simone Biles' husband?

Simone Biles' husband is Jonathan Owens, an NFL player. They got engaged on February 15, 2022, and were married on April 22, 2022.

Q. Does Simone Biles have a child?

Simone Bile does not have any children at this time.

Q. Does Simone Biles own a gym?

Yes, Simone Biles owns a "World Champions Center" gym in Spring, Texas. Her parents, Ron and Nellie Biles, established the gym where Simone trains and helps future gymnastics talents.