Simone Biles net worth: The wealth of a gymnastics legend

Simone Biles, often hailed as the greatest gymnast of all time, has an estimated net worth of $25 million. This remarkable fortune reflects not only her unparalleled success in gymnastics but also her powerful brand presence, bolstered by a slew of high-value endorsements and smart financial decisions.

Simone Biles Net Worth: 25 Million
Date of Birth: March 14, 1997
Place of Birth: Columbus, Ohio
Nationality: American

Table of Contents

Early Life

Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio. Her early years were marked by hardship, including time spent in foster care. She was later adopted by her maternal grandparents, who raised her in Houston, Texas. Of Belizean descent, Biles holds dual citizenship and maintains strong ties to Belize.

She began gymnastics at age 6 and by age 8 was already training under coach Aimee Boorman. Her career took off rapidly, with major victories in junior competitions leading to her senior debut in 2013. That same year, she stunned the world by winning her first World Championship all-around title, a sign of the greatness to come.

From 2013 to 2016, Biles dominated nearly every competition she entered, winning multiple World Championship titles and ultimately leading the U.S. women’s gymnastics team — the “Final Five” — to Olympic gold in Rio.

Dominating the Gymnastics World

Simone Biles’ rise to fame began early, and her achievements have only continued to mount. With over 30 Olympic and World Championship medals, Biles holds the title of the most decorated American gymnast in history. As of 2025, she has seven Olympic medals — four golds, one silver, and two bronzes — and has captured an astonishing eight U.S. national titles, the first at just 16 years old in 2013 and the most recent in 2023 at age 26.

Her breakthrough came during the 2016 Rio Olympics, where she won four gold medals and one bronze, dazzling the world with her powerful performances in floor, vault, all-around, and team competitions. Although she faced setbacks during the delayed Tokyo 2020 Olympics (held in 2021), including a battle with “the twisties,” she still managed to secure a silver medal with the U.S. team and a bronze on balance beam.

Endorsements

While Biles’ gymnastics medals are priceless, her endorsement portfolio has been just as impressive — and lucrative. Leading up to the 2020 Olympics, Simone was the highest-paid Olympic athlete in the U.S. in terms of endorsements, earning an estimated $20 million between 2019 and 2021 alone.

Her endorsements include major global brands such as:

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

In a bold move in April 2021, Biles ended her long-standing deal with Nike and signed with Athleta, a Gap Inc.-owned activewear brand. Athleta agreed to sponsor a nationwide post-Olympics exhibition tour and launch a co-branded line of activewear, which aligned more closely with Biles’ values. She cited Nike’s controversies and treatment of female athletes as reasons for the switch.

Honors and Recognition

In 2022, Biles became one of the youngest recipients of the Presidential Medal of Freedom, awarded by President Joe Biden. The honor recognized not only her sporting excellence but also her courage in standing up against abuse in gymnastics.

Personal Life

Biles’ personal life has also been in the public eye. After a three-year relationship with fellow gymnast Stacey Ervin Jr., she began dating NFL player Jonathan Owens in 2020. The couple got engaged in February 2022 and tied the knot on April 22, 2023.

Larry Nassar Case

In 2018, Biles joined dozens of other athletes in publicly accusing USA Gymnastics doctor Larry Nassar of sexual abuse. She has been outspoken about the organization’s failure to protect its athletes and continues to advocate for survivors and systemic reform in the sport.

Real Estate

Despite her immense wealth, Biles is known for her modesty and financial prudence. In 2020, she purchased a new home, which she proudly showcased on social media. The property reportedly cost less than $750,000, offering a glimpse into her sensible spending habits.

Back in 2017, she sold her childhood home in Houston for approximately $285,000. In 2023, she and Owens broke ground on a new custom-built home, a symbol of their fresh start together.