Simone Biles Net Worth: Simone Biles, widely recognized as one of the greatest gymnasts of all time, has not only set records in gymnastics but also earned a huge fortune throughout her career. As she continues to dominate the sport and gain influence, her financial success has captured people’s interest.
In this article, we will look at Simone Biles’ net worth and how her profits from endorsements, competitions, and other activities have helped her build a remarkable financial portfolio.
Who is Simone Biles?
Simone Arianne Biles Owens is an American artistic gymnast. She is the most successful gymnast in history, with 11 Olympic medals and 30 World Championship medals.
Many consider her to be one of the greatest gymnasts and Olympians of all time. She shared the title with Věra Čáslavská as the second-most successful female Olympic gymnast, with the most Olympic medals collected by a US gymnast.
Simone Biles Net Worth
According to Celebrity Net Worth, Simone Biles’ net worth is expected to be $25 million in 2024. In 2022, Biles was tenth on Forbes’ list of the highest-paid female athletes.
Biles earned an estimated $10 million in 2022 with a Super Bowl commercial, new advertising for Subway and Powerade, and an athletic collection with Athleta, among other things.
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Simone Biles Sources of Income
Her amazing income stems from several factors:
Gymnastics Achievements: Simone has won over 30 medals at the Olympic and World Championships, including two silver and two bronze. She has also won seven gold medals in the Olympics.
Endorsements: She has major endorsement relationships with big brands such as United Airlines, The Hershey Company, Procter & Gamble, Mattress Firm, and others.
Entrepreneurial Ventures: Simone has also engaged in business ventures, including as her line of Simone Biles leotards made by GK Elite Sportswear and her exclusive long-term agreement with Nike.
Simone Biles 2024 Olympics Journey
Biles became the fourth American female artistic gymnast to compete in three Olympics.
Biles presented a new skill for the code of points for the uneven bars ahead of the 2024 Paris Olympics, making her the only female gymnast with a talent named after them on each equipment. Simone Biles won three gold and one silver medal at the Paris Olympics 2024.
As the 2024 Summer Olympics in Paris came to an end and the 2028 Summer Olympics in Los Angeles began, Biles participated in the traditional handover of the Olympic flag during the closing ceremony.
How Much Money Does Biles Get for a Gold Medal?
According to CNBC, the US Olympic Committee pays competitors tens of thousands of dollars to place on the podium in each event. Biles receives $38,000 for a gold medal, $23,000 for silver, and $15,000 for bronze.
Conclusion
In conclusion, Simone Biles has not only transformed the world of gymnastics with her amazing talent and achievements, but she has also positioned herself as a financial powerhouse.
Her tremendous net worth reflects her success both inside and beyond the gym, with profits from endorsements, business initiatives, and her unrivaled gymnastics accomplishments.