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Simone Biles is an American artistic gymnast with an estimated net worth of $25 million. Widely regarded as the greatest gymnast of all time, Biles has more than 30 Olympic and World Championship medals to her name, including seven Olympic golds. Beyond her dominance on the mat, Simone Biles is also one of the highest-paid Olympic athletes in the world, earning millions through endorsements and partnerships with major global brands.
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Early Life and Background
Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. Her early childhood was challenging, as she and her siblings spent time in foster care. Eventually, her grandmother took a leading role in raising her in Houston, Texas. Biles was raised in a Catholic household and also holds Belizean citizenship through her mother.
From a young age, her talent in gymnastics was evident. To pursue her training full-time, she switched to homeschooling, giving her more than 30% extra practice time compared to traditional schooling. This dedication allowed her to rise quickly in the sport and compete internationally as a teenager.
Career Highlights
Simone Biles began training seriously at the age of eight under coach Aimee Boorman. By 14, she was already competing at national events. In 2012, she claimed first place at the American Classic in Huntsville, and later that year, she joined the U.S. Junior National Team.
Her senior international debut came in 2013, where she quickly became a standout gymnast. Despite an early setback at the U.S. Classic, Biles rebounded by working with a sports psychologist, leading to her breakthrough at the 2013 Artistic Gymnastics World Championships. At just 16 years old, she was already outshining seasoned gymnasts.
Her career accelerated from there:
- 2014: Won the U.S. Classic and World Championships after recovering from a shoulder injury.
- 2015: Dominated competitions like the AT&T American Cup, City of Jesolo Trophy, and the U.S. National Championships.
- 2016 Rio Olympics: Cemented her legacy by winning four gold medals (team, all-around, vault, floor) and a bronze on the balance beam.
She became the face of gymnastics worldwide and continued her dominance, winning a record eight U.S. National Championships, the latest in 2023 at age 26.
At the 2020 Tokyo Olympics (held in 2021), Biles withdrew from most events due to the “twisties,” a dangerous loss of spatial awareness in the air. Despite this, she secured a bronze medal on balance beam and a silver medal with the team.
Her legacy is further highlighted by the Presidential Medal of Freedom, awarded to her in 2022 by President Joe Biden.
Net Worth and Endorsements
Simone Biles’ net worth of $25 million comes not only from her gymnastics success but also from her lucrative endorsement deals.
Her brand partnerships include:
- Nike (2015–2021, later replaced by Athleta)
- United Airlines
- The Hershey Company
- Visa
- Beats by Dre
- Uber Eats
- Facebook Watch
- Oreo
- Procter & Gamble
- MasterClass
- Athleta (current, includes Simone’s activewear line and post-Olympic exhibition tour)
Between 2019 and 2021, she was the highest-paid Olympic athlete in endorsements, earning over $20 million. Her decision to leave Nike for Athleta reflected her values, as she felt Nike’s controversies did not align with her personal beliefs.
Personal Life and Relationships
Simone Biles has been open about her personal journey. She dated fellow gymnast Stacey Ervin Jr. from 2017 to 2020 before beginning a relationship with NFL player Jonathan Owens. The couple got engaged in February 2022 and married in April 2023.
Biles has also been outspoken about the Larry Nassar scandal, revealing that she was one of the many athletes abused by the former USA Gymnastics doctor. She has consistently criticized USA Gymnastics for failing to protect athletes.
Real Estate and Lifestyle
Despite her wealth, Simone Biles is known for her financial prudence. In 2020, she purchased a new luxury home in Texas for under $750,000, showcasing her practical investment mindset. In 2023, she and her husband Jonathan Owens announced they were building a new home together.
Back in 2017, she sold her childhood home in Houston for just under $285,000.
Simone Biles is not just a gymnastics legend; she is a global icon of resilience, excellence, and empowerment. From her record-breaking performances to her advocacy for athlete mental health and her business ventures, Biles continues to inspire millions worldwide. With a net worth of $25 million, an unmatched career, and a future that extends far beyond gymnastics, Simone Biles has secured her place as one of the most influential athletes of all time.
