Simone Biles' Net Worth (Updated 2022) | Wealthy Gorilla

Net Worth:	$25 Million
Age:	28
Born:	March 14, 1997
Country of Origin:	United States of America
Source of Wealth:	Professional Olympian
Last Updated:	Feb 25, 2026

Table of Contents

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• Introduction
• Before Wealth & Fame
• Olympic Earnings
• Endorsement Earnings
• Real Estate
• Highlights

Introduction

Simone Biles is an American professional Olympic gymnast with an estimated net worth of $25 Million.

Before Wealth & Fame

Although Simone Biles was born in Columbus, Ohio, she moved to Texas after being adopted by her grandparents, due to her birth mother’s substance addiction. Biles attended a field trip with her daycare to a gymnastics gym when she was six years old, which initially sparked her passion for the sport.

Simone was later homeschooled, which opened up her schedule for more gymnastics training, reportedly amounting to 32 hours/week. When she first began training with her team, they used a converted barn as their gym.

Olympic Earnings

It’s no secret that the Olympics pay very little to their athletes, which is why endorsement income is such an essential factor for Olympians who don’t come from an already high-paying sport. When you think of tennis players or basketball players competing in the Olympics, it’s no sweat to them because they’re already earning millions of dollars per year from other tournaments. However, when it comes to sports such as gymnastics and track & field, while there are tournaments outside of the Olympics, in most cases, they end up paying less.

That said, we’ve conducted some research on how much Simone should have earned from all her Olympic medals.

2016 Rio Olympics

At the 2016 Olympics in Rio de Janeiro, Brazil, the awards were $25,000 for a gold medal, $15,000 for a silver medal, and $10,000 for a bronze medal. That year, Simone won four gold medals and one bronze, which should have earned her $110,000.

2020 Tokyo Olympics

At the 2020 Olympics in Tokyo, Japan, the awards were increased to $37,500 for gold, $22,500 for silver, and $15,000 for bronze. Biles won one silver medal and one bronze medal that year, totaling $37,500.

2024 Paris Olympics

Finally, at the 2024 Olympics in Paris, France, the rewards remained the same, and Biles won three gold medals, plus one silver medal, earning a total of $135,000. This would bring Simone Biles’ combined winnings to $282,500 from all three Olympic Games she has entered.

Endorsement Earnings

One of the more interesting things about Simone Biles’ income is that she earns the majority of it through endorsement deals. Typically, with professional athletes, endorsement income begins to exceed their active professional salaries towards the end of their careers. According to Forbes, Biles earned an estimated $5 million from endorsements in 2021, $10 million in 2022, $7 million in 2023, and $11 million in 2024. For comparison, her active earnings over the past three years totaled just $400,000.

This income has been generated through Simone’s partnerships with brands such as Nike, Athleta, The Gap, Coca-Cola, Visa, Uber Eats, and many more. If the above figures are correct, Biles has earned a total of $33 million from endorsements in the last four years.

Real Estate

In July 2020, Biles purchased a 3,998-square-foot, four-bedroom, four-bathroom house in Spring, Texas. While the final sale price was never disclosed, it had been pending sale at $795,600.

Highlights

Here are the best highlights of Simone Biles’ career:

• Glamour Award for The Record Breaker (2016) – Winner
• Best Female Athlete ESPY Award (2017) – Winner
• Shorty Award for Best in Sports (2017) – Winner