No doubt, athlete stars are very hard-working and they have multiple goals in their minds. Simone Biles is one of the American athletes competing especially in artistic gymnastics. She is not only an Olympic champion but she won multiple gold and silver medals worldwide. However, have you ever wondered what her income is? As of Jan 2024, Simone Biles net worth is $16 million as of this article. Today we will discuss how she became a millionaire entrepreneur and also how she built her fortune.
Simone is an American gymnastics superstar who is always a favorite gymnastics player for most events. She has competed in recent Olympic games including Tokyo (2020) and Rio De Janeiro (2016). She won a silver and a bronze medal in the Tokyo Olympics. In the Rio Olympics, Biles won 3 gold medals and 1 bronze medal. Simon was a 3-time World balance beam champion, 5-time World floor exercise champion, 2-time World vault champion, 5-time World all-around champion and 7-time U.S national all-around champion. She is a hard-working athlete and young female sports celebrity who won dozens of gold medals now.
Simon Biles was born in the city of Columbas Ohio state on March 14, 1997. Simon has 3 siblings Ashley, Tevin and Adria. She was the 3rd number among 4 siblings. Her mother Shinon Biles was unable to care for all four so she decided to admit them to the Foster care center. All of them are under the care of Ron Biles who was Simon’s grandfather with the support of his 2nd wife Cayetano Biles in Texas.
After a few months, Simon and Adria who was her younger sister were adopted by a young couple. The rest of the 2 children were adopted by Harriet who was aunt of Shanon and sister of Ron. Biles was admitted to Benfer Elementary School which was located in Harris County. After a few months, she was transferred to home school.
She completed her secondary school education at home school. She started her training and extended the training timings from 20 to 32 hours a week. She completed her graduation in mid-2015 and after it, she decided to postpone her education until after the 2016 Rio De Janeiro Olympics.
Simone has had more interest in gymnastics since when she was 6. Aimee Borman was her first coach when Simone was at the age of 8. She attended her first-day trip as well as enrolled in Bannon’s gymnastics. Aimee Borman was the first coach when Simone was just eight years old. She started by joining multiple game exercises including balance beam, all-around, vault, uneven bars and floor. Biles began to her junior career in 2011 in Housten, Texas when she was 14. She performed excellent performance in all the games of gymnastics and earned good ranks.
After 1 year, 2012 was also a superb year for her. She got top positions in the American Classic which was taken place in Texas. She also appeared in the United States Classic which took place in Chicago. She took 2nd position in the floor exercise and first on the vault. After having a great performance in the U.S. National Championship in Missuiry, Simone was selected for the U.S. Junior National Team for the first time.
Simone was selected as a team member for the Rio Olympics 2016 alongside other members. However, she won her first gold medal on August 9 and the U.S. team led in scores. She won her 2nd gold medal on August 11 by beating her Russian teammates. She earned the highest scores in all events of gymnastics. Simone was the first gymnastic woman who win 4 gold medals in a single game.
Simone Biles Net Worth 2024 and Sources
Octagon Sports Agency signed an endorsement with Simone in 2015 along with other sports fellows. A few months later, he published a tweet and admitted that now Nike is sponsoring her. In the same year, she also signed another endorsement with GK Elite sportswear which will publish her name on the clothes. These contracts increased Simone Biles net worth by millions of USD.
A few months later, she signed a new deal with Core Power Yoga to be a regular spokesperson. After her impressive performance in the Rio Olympics 2016 in Brazil, she made more endorsements with United Airlines, Procter & Gamble and Hershey’s (The Hershey Company). These contracts rapidly increased her assets as well as Simone Biles net worth. As of Jan 2024, Simone Biles net worth is $16 million.
Her next deals were with Mattress Firm and Beats By Dr Dre where she was their spokesperson. She also announced a deal with Spieth America which is the biggest American sports manufacturer in 2016. After 2 years, she joined Caboodles which is a makeup case maker to create unique products for women. After almost 6 years, she left Nike and made a new sponsorship agreement with Gap athletic brand in 2021. Simone Biles net worth was boosted after these contracts and endorsements and she became a millionaire and entrepreneur.
- Don’t lose hope: Simone faces multiple health injuries during her gymnastic career but she fights and new loses hope similar to Micheal Jordan. Due to some major health issues, she was out of big events but she never lost his passion and finally, she is a millionaire gymnastic personality.
- Play with Passion: No matter, in which field you belong, passion will make you successful in your life one day. No one can be successful without passion and hard work. So keep your exercise regularly with passion just like Simone did.
- Stay positive: Simone did excellent performance in both her junior and senior careers. Even she did outstanding gymnastics at a young age. She beat her opponents from China, Russia and the U.S. As a result, Simone Biles net worth increased day by day due to her positive attitude in gymnastics.