Simone Biles Net Worth

How much is Simone Biles worth?

Net Worth:$5 Million
Profession:Professional Gymnast
Date of Birth:March 14, 1997 (age 25)
Country:United States of America
4 ft 7 in (1.42 m)

About Simone Biles

Simone Arianne Biles is an American gymnast, considered to be one of the sporting world’s biggest names. Born on the 14th of March 1997 in Columbus, Ohio, Simone comes from humble beginnings. Raised by her grandparents, Simone discovered her talent in gymnastics very early in life. She reportedly visited a gymnastics center for a daycare field trip and was able to imitate the gymnasts there impressively enough to be noted by the coach there, who then sent a letter to her family, encouraging them to enroll her into rolling or tumbling.

“I started gymnastics when I was six years old. I was at day care, and they took us on a field trip to a gym club, Bannon’s Gymnastix in Houston, and that’s how I got started,” Simone Bile has said. From there began Simone’s journey of becoming one of the most decorated names in the sporting world.

American artistic gymnast Simone Biles has an estimated net worth of $5 million dollars, as of 2023. Biles is in a tied position for having won the most Olympic medals won by an American gymnast, alongside Shannon Miller.

Simone started competing in 2007 as a level 8 gymnast. By 2011, she had well and truly established herself in the junior elite level, coming out on top in both vault and balance beam events. She followed that up with a very impressive 2012 wining the vault and the all-around events at several national competitions.

“I’ve never been to the Olympics, so I don’t know what to expect. It’s better for me, just like my first Worlds… My third Worlds, I knew what it was like, so I was like, ‘Oh my goodness. But this is my first Olympics, and not knowing what to expect is good for me.” Simone Biles

In 2013, her first year as a senior competitor, Simone made history for the first of many times by becoming the first African-American woman to win the all-around event title at the World Championship. Biles followed that up with an even more impressive 2014. She won 4 gold medals at the World Championship: in the women’s team competition and the individual balance beam, floor exercise, and the all-around events.

“Mentally, I have to get my body and mind in the right place before I start the routine, but once into the zone, it’s like I turn on a switch. I envision myself doing the same thing for the Olympic Games.” Simone Biles

In 2015, Biles won the all-around event at the World Championship for the third consecutive time, becoming the first gymnast to do so. Additionally, by the conclusion of the 2015 event, Biles had amassed 10 world championship gold medals, a first for a female gymnast in sporting history. By now, Simone Biles was becoming one of the most talked-about gymnasts of our times. The fans couldn’t wait to see what she achieved next and she didn’t disappoint.

If there was any doubt about the greatness of Simone Biles the gymnast, the 2016 Olympics event laid it to rest. On the 9th of August 2016, Simone’s power-packed performance played a key role in helping her team secure the gold medal. Simone followed it up with a gold medal in individual all-around, vault and floor exercise events. She became the fourth athlete in history to win 4 gold medals in a single Olympic event.

“I would say to always follow your dream. And dream big because my whole career, including any of the things that I’ve accomplished, I never thought in a million years that I would be here. So it just proves that once you believe in yourself, and you put your mind to something, you can do it.” Simone Biles

Biles’s fame doesn’t just come from being the best in business but rather it comes from her constantly pushing the boundaries of what is achievable. In 2019, Biles became the first gymnast to complete a double-double dismount from the balance beam and she became the first woman to pull off a triple-double in the floor exercise routine. She followed that up with winning the World Championship title a 5th time, pushing her haul of World Championship gold medal haul to a record-setting 25.

For a sport that generates little media buzz and attracts little attention, gymnastics is not a very high-paying profession. Even though Simone won 25 medals at the World Championship, she will not have been earning very much. It is reported that Biles’s biggest payday was when she won the 4 gold medals in the 2016 Olympics. Team USA pays $37,500 to gold medalists, therefore she will have earned $150,000.

“We’ve always had each other’s backs in and out of competition. We support each other the most because we’re the only ones that know what it’s like to go through what we do, and so we can’t be more thankful for each other. We’re like sisters.” Simone Biles

“A successful competition for me is always going out there and putting 100 percent into whatever I’m doing. It’s not always winning. People, I think, mistake that it’s just winning. Sometimes it could be, but for me, it’s hitting the best sets I can, gaining confidence, and having a good time and having fun.” Simone Biles

Simone Bile’s net worth has been estimated to be $5 million as of 2023 and most of it is as a result of financially rewarding endorsement deals. She signed her first deal with Octagon in 2015. She has since then added impressive names to her endorsement deals portfolio such as Nike, Kellogs, Procter And Gamble, and the like. There is no doubt that as Simone continues to wow the world with her talents, the endorsement deals will continue to come and her earnings are most likely to balloon over the years.

“As athletes, we’re always going to have aches and pains, but when your teammates cheer you on, you don’t think about it.” Simone Biles

At just 23 years of age, Simone Biles had become a sporting icon the world will remember for generations to come. She is endowed with considerable natural talent and there is no denying the fact that her talent has been key in helping her secure a position in the list of all-time sporting greats. However, talent alone cannot explain the phenomenon that is Simone Biles. Other factors have played a pivotal role in helping Simone pave her way to unprecedented success:

  • Passion: Once Simone knew gymnastics was her calling, she dedicated herself to it. She let go of all other pursuits to single-mindedly focus on learning to become the best version of her gymnast self.
  • Practice, Practice, Practice: Even as you follow her career, you can see Simone’s consistency of wins improve. It is a reflection of what you can achieve if you stick to practicing your art as much as possible.
  • Pushing The Envelope: If there is one thing Simone Biles’s name will always be associated with, it is pushing the boundaries on what can be done. Simone has tinkered and innovated, creating awe-inspiring routines for the whole world to admire.

“If you ever have a mistake, you try to just kind of forget about it because if you carry that with you for the rest of the routine, then the rest of your routine might not go as planned. So you just kind of shake it off, and you just continue your routine like you didn’t fall.” Simone Biles


As young as she is, Simone’s life and career achievements have something important to teach us: once you have found your passion, wholly dedicate yourself to the cause, never failing to get back up after you fall, and never letting anyone tell you that there are limits to what can be achieved.

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