Simone Biles Net Worth in 2022 – Age, Height, Life, Family


simone biles net worth

Simone Biles Quick Facts

Net Worth $16,000,000
Age 24 years
Date of Birth March 14, 1997
Height 4 ft 8 in (1.42 m)
Source of Income Gymnast
Residence Spring, TX

Simone Biles Net Worth

Simone Biles is a professional artistic gymnast from the United States with a net worth of $16 million. Currently, Simone is the most decorated gymnast in American history, having won a total of 32 medals in her career (both Olympic and World Championship medals). Simone is regarded as one of the most decorated gymnasts in the history of the sport. There are many people who claim that Simone Biles is the best gymnast of all time.

Simone Biles Early Life

Simone Arianne Biles arrived in this world on March 14th, 1997, in Columbus, Ohio, and is a professional gymnast. For most of Simone’s childhood, she and her three siblings were inside the foster care system on a consistent basis. Her grandmother began actively participating in her upbringing in 2000, and Biles spent most of her childhood in the suburbs of Houston, Texas. Simone was raised in a strict Catholic environment, but she retained strong ties to Belize throughout her childhood because her mother is of Belizean descent. She has maintained her Belizean citizenship to this day.

Early on, it became evident that Simone would pursue a professional gymnastics career in the future. She was then yanked out of class and homeschooled for the remainder of her secondary schooling as a result of her actions. The extra time allowed Simone to train more intensely, and she was participating at the top level in the Olympics before she ever started university.

As a child, Biles began her gymnastics training with trainers such as Aimee Boorman, and by the age of eight, she was competing in international competitions. She competed in the American Classic in Houston when she was fourteen years old. She came in third place. In 2012, she won the American Classic in Huntsville, Alabama, where she had previously placed first. She was named to the United States Junior National Team later that year. In 2013, she competed in her first senior international tournament, the American Cup, before going on to compete in the City of Jesolo Trophy, where she helped the United States team to a gold-medal finish.

Because of Simone’s bad performance at the 2013 US Classic, Márta Károlyi invited the young gymnast to a private camp, and the youngster also began training with a sports psychologist. Simone’s performance improved as a result, and she was picked to represent the United States at the World Championships. Her second consecutive first-place result at the 2013 Artistic Gymnastics Championships was aided by yet another flawless performance. When she was 16, she was already proving to be a remarkable talent, and she was surpassing foreign gymnasts who had considerably more experience than she did at the time.

In 2014, Biles struggled with a shoulder injury, but the US Classic in Chicago served as a springboard for her comeback, with Biles taking home the title by a significant margin. She competed in the World Artistic Gymnastics Championships for the second time, assisting the United States in capturing another gold medal and triumph. She won the AT&T American Cup in Texas, in 2015, and she was the first woman to do it. As a result of her outstanding performance, she was nominated for the James E. Sullivan Award. With the City of Jesolo Trophy, the U.S. Classic, and the US National Championships, he added to his collection of victories.

Biles, along with other well-known American gymnasts, represented the United States in the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, where she took home the gold medal for the third time in a row and became the first woman to do so

Simone Biles Career

Several of her most famous achievements occurred during the 2016 Summer Olympics in Rio de Janeiro. She competed as a member of the United States squad known as the “Final Five” in those competitions. Simone won individual gold medals in the floor, vault, and all-around competitions at these games. She took home a bronze medal on the balance beam and a gold medal as a member of the United States team.

In the end, Simone struggled at the 2020 Summer Olympics in Tokyo, which were held in 2021 instead of 2020 because of a COVID delay. She finished with a bronze medal on the balance beam and a silver medal as a team. After suffering from “the twisties,” which is a condition in which a gymnast temporarily loses awareness of their air balance, she withdrew from the games in part.

When it came to endorsements leading up to the 2020 Olympics (both before and after the postponement), Simone was by far the most well-marketed US athlete in recent memory. She earned an estimated $20 million from a variety of arrangements in the years leading up to the games, as well as from contracts that will last for years to come. More information on these offers can be found further in this article.

By this point, she had collected a total of 14 medals in the World Championships. After a spate of impressive performances in 2016, Biles was unavoidably chosen to represent the United States in the Summer Olympics in Rio de Janeiro that year.

Simone contributed to the United States team qualifying in first place for the 2016 Olympics, and she qualified as the top overall gymnast in four of the five individual finals she competed in. She earned her first Olympic gold medal in the team event shortly after, and she followed it up with another gold medal in the individual all-around competition. She also won a bronze medal in the women’s balance beam final and a gold medal in the women’s floor exercise final, giving her a total of four gold medals in the Olympics. After taking a brief vacation from competition, she returned in 2018 with improved routines to carry on her gymnastic legacy.

Simone Biles Endorsements

The gymnast has complemented her gymnastics revenue with a variety of commercial endorsements over the course of her career. Prior to the 2016 Olympics, she was featured in a Tide ad alongside a number of other gymnasts, which became a viral sensation.

Nike offered her an exclusive, long-term contract in 2015, and she accepted. In the same year, she also signed a deal with GK Elite Sportswear, under which she will design and manufacture a line of Simone Biles bodysuits.

This year’s Wheaties box featured Simone and her “Final Five” teammates, who were featured on the cover in August 2016.

Following her gold medal performance at the 2016 Olympics, Simone earned significant endorsement contracts with the following companies, to mention a few:

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

With her endorsement deals leading up to and during the 2020 Olympics, Simone was the highest-paid Olympic athlete in terms of money. From 2019 to 2021, she is expected to earn a minimum of $20 million in endorsement fees.

Simone made headlines when she announced she was leaving Nike and signing with Athleta in April 2021, only three months before the 2020 Olympics in Tokyo. Included in the agreement was Athleta’s vow to create a national display for Simone following the Olympics, which would be in direct competition with a similar exhibition that is normally held by the United States Gymnastics Federation. Simone and Athleta will also collaborate on an activewear collection.

According to reports, Simeone departed Nike because she no longer believed the company’s principles aligned with her own. Particularly concerning to her was Nike’s track record of scandals, employee grievances, and other controversies, all of which have dogged the dominating sportswear company in recent years.

Simone Biles Personal Life

Simone Biles Relationships

In 2017, Biles began dating Stacey Ervin Jr., a fellow gymnast who is also a member of the U.S. Olympic team. In 2020, after three years of dating, the couple makes a mistake. Simone made the announcement that she had been dating professional football player Jonathan Owens the following year.

Larry Nassar

In 2018, Simone joined a growing number of current and former Olympians in accusing USA Gymnastics physician Larry Nassar of sexual abuse and misconduct. Her colleagues and she both asserted that USA Gymnastics had a direct role in allowing the abuse to continue for such a long period of time, and she also accused the organization of attempting to cover up the abuse. She decided not to appear at Nassar’s trial in 2018, stating that she was not emotionally prepared to confront her abuser.

Simone Biles Real Estate

Biles announced on social media in 2020 that she had purchased a new home, and she shared a few photos of her new digs with her followers. There was little information released about her new home, besides the fact that it was clearly vast and luxurious, as seen by photographs that showed tile flooring and other elements. Despite her well-known frugal nature, it appears that Simone was ready to splurge a bit on real estate, which turned out to be a wise purchase. Biles revealed in 2017 that she would be selling the house she grew up in in the Houston, Texas area. Priced at $289,000, the residence has a total square footage of 3,711 square feet and was first listed on the market in 2013.

Jonathan Humes

Jonathan loves keeping up with the latest celebrity news. When he's not working you can find him running in Central Park or hanging out with friends.

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