What is Simone Biles’ Net Worth?

There are few athletes who can make a genuine claim to the best of all time in their sport, but Simone Biles is one of them. And her net worth reflects that.

The record-breaking gymnast has won more medals than any before her, including an unbelievable haul of four gold medals at the 2016 Rio Olympics. She was just 19 at the time. Who knows what odds you could’ve got for that at Olympics betting sites at the time?

Since then, the highly marketable athlete has gone on to break more records and tot up more sponsorships. But where does that leave Biles’ net worth?

Simone Biles Net Worth

If you’re wondering what Simone Biles’ net worth is down to the dollar and cent, you’ll have to rifle through her trash and hope to find a letter from Chase. But if you’re comfortable with a recent estimate, we’ve got you.

The latest reports estimate that Simone Biles has a net worth of approximately $16 million.

Career Earnings

Despite the grueling training required to become a gold-medal Olympian, the payouts aren’t that huge for US stars.

If you feel like dusting off your leotard, here’s what you could earn at the Olympics:

If you’re going to make a substantial sum from Olympic medals, you’re going to need to win a whole bunch of them. And that’s exactly what Biles has done.

With a combined total of 37 Olympic and World Championship medals, no gymnast has ever won more in history.

That includes four golds at the Olympics and another 23 at World Championship level. That in itself is a world record.

She’s one of the top 10 highest-paid female athletes in the world, but a lot of her cash flows in from outside of her craft.

Some reports place her career earnings under $200,000, which is wild for someone who’s arguably the best there’s ever been!

Luckily, Biles has stacked up her net worth with other ideas…

Business Ventures

It’s always good to rub shoulders with the rich and powerful if you want to boost those sponsorships, and we’re certain Biles’ net worth wasn’t hurt when she received the Presidential Medal of Freedom from Joe Biden in 2022.

And we’re sure that shifted a few extra copies of her 2021 autobiography, “Courage to Soar: A Body in Motion, A Life in Balance.”

Everyone loves a comeback story, and we could have one about to unfold before our eyes.

After smashing the Rio Olympics with four gold medals and a bronze, Simone received some heat after dropping out of multiple events at Tokyo 2020, much to the surprise of fans and the top online sportsbooks alike.

Gymnasts retire very young, and that could’ve been that. But she sprung back onto the scene in 2023 and is now on the precipice of a higher number of medals, a higher number of records – and an even higher net worth.

Endorsements & Sponsors

The wholesome comeback story fits perfectly with Biles’ brand.

Like her work with healthy dog snack brand Nulo, complete with adorable photo ops. And a move from Nike to Athleta which, she claimed, was partly based on ethical stances.

The list doesn’t stop there, though.

We’re talking Visa, United Airlines, Candid teeth aligners, Core Power fitness shakes. And a cheeky Uber Eats partnership, because nobody’s perfect.

Biles has also cleverly amassed a huge audience on Instagram with more than 7.2 million followers to date.

That can be levied into some sweet sponsorship posts for relatively low effort, giving her more time to focus on the sport she loves while keeping that net worth on the up. Not to mention her role in a Snapchat reality series.

Simone Biles’ Husband Net Worth

From Beyoncé and Jay-Z to Angelina Jolie and Brad Pitt, it’s not uncommon for two people at the top of their industry to end up meeting and, sometimes, form a romantic relationship. And it seems sports and athletic stars are no exception.

In April 2023, Biles wed Chicago Bears NFL star Jonathan Owens. Biles’ husband’s net worth has been estimated at up to $90 million, but the truth is he keeps his cards close to his chest and these are only rough estimates. He is a safety, after all.

But we can confirm that the 36-diamond engagement ring Owens bought for Biles set him back a staggering $300,000. No wonder she said ‘yes’.

Conclusion

While Biles is undoubtedly one of the greatest of all time, her net worth wouldn’t reflect that from career earnings alone.

Fortunately for the Ohio-born athlete, she’s had the foresight to maximize on her years in the spotlight and racked up a hell of a bankroll.

She gets a 10.0 from us.