Simone Biles Net worth, How Much is the Gymnastics Champion Worth?

Simone Biles Might Not Be Worth as Much as You Think

The 24-year-old gymnastics star Simone Biles became a household name after the 2016 Summer Olympics in Rio de Janeiro, where she won five medals, including four golds.

The five-time Artistic Gymnastics World all-around champion is bound to only rack up more medals when she competes in the upcoming 2021 Tokyo summer games. But fans of the 4 ft. 8 in. gymnast are curious: What is Simone Biles’ net worth? Keep reading while we fill in all the blanks.

What is Simone Biles’ net worth?
It’s hard to know how much exactly this gymnast is worth, especially since estimates online are all over the place. Celebrity Net Worth, an outlet we usually count on for reliable ballpark figures, writes that her net worth is around $2 million. According to the site’s income breakdown, Simone makes about $316,666 a year.

On the other hand, The U.S. Sun counts Simone’s earnings at around $6 million. “She has obtained most of her fortune through endorsements, sponsorships, and Olympic wins,” The Sun writes.

Who are Simone Biles’ sponsors?
Simone signed a major deal with Nike in 2015 and represented the mega-brand at her first summer games in the 2016 Olympics. However, in 2021, Simone joined a long list of athletes who parted ways with Nike.

Simone has instead inked a deal to represent women’s clothing brand Athleta, a division of Gap, which she says aligns better with her values. “I think they stand for everything that I stand for,” she said to The Wall Street Journal, per the New York Times in April.