Simone Biles Net Worth

By Mixxerly UPDATED: NOVEMBER 28, 2021

How much money does Simone Biles make monthly and yearly? How much is Simone Biles' net worth?

About Simone Biles

Simone Arianne Biles is an American artistic gymnast. As of , Simone Biles' estimated net worth is at least $7 Million. Besides her successful career as a gymnast, Simone Biles also earned from various brand deals with Hershey’s, Nike, Kellogg’s and other reputable companies.

With a combined total of 32 Olympic and World Championship medals, Biles is tied as the most decorated gymnast of all time. Biles' seven Olympic medals also ties Shannon Miller for the most Olympic medals won by an American female gymnast. Biles is considered one of the greatest and most dominant gymnasts of all time.

At the 2016 Summer Olympics in Rio de Janeiro, Biles won individual gold medals in the all-around, vault, and floor; bronze on balance beam; and gold as part of the United States team, dubbed the "Final Five". At the 2020 Summer Olympics in Tokyo, she won bronze on balance beam, as well as silver with the United States team, after struggling with "the twisties", a temporary loss of air balance awareness.

What is Simone Biles' Net Worth?

As of , Simone Biles' estimated net worth is at least $7M. Besides her successful career as a gymnast, Simone Biles also earned from various brand deals with Hershey’s, Nike, Kellogg’s and other reputable companies.

Biles is the gymnast with the most World medals (25) and most World gold medals (19), having surpassed Vitaly Scherbo's record 23 World medals by winning her 24th and 25th, both gold, at the 2019 competition in Stuttgart. She is the female gymnast with the most World all-around titles (5).

Biles is the sixth woman to win an individual all-around title at both the World Championships and the Olympics, and the first gymnast since Lilia Podkopayeva in 1996 to hold both titles simultaneously. She is the tenth female gymnast and first American female gymnast to win a World medal on every event, and the first female gymnast since Daniela Silivaș in 1988 to win a medal on every event at a single Olympic Games or World Championships, having accomplished this feat at the 2018 World Championships in Doha.

Early life of Simone Biles

Simone Arianne Biles was born on March 14, 1997, in Columbus, Ohio, the third of four siblings. Her birth mother, Shanon Biles, was unable to care for Simone or her other children – Adria, Ashley, and Tevin. All four went in and out of foster care.

In 2000, Biles' maternal grandfather, Ron Biles, and his second wife, Nellie Cayetano Biles, began temporarily caring for Shanon's children in the north Houston suburb of Spring, Texas, after learning that his grandchildren had been in foster care. In 2003, the couple officially adopted Simone and her younger sister Adria. Ron's sister, Shanon's aunt Harriet, adopted the two oldest children. Biles holds Belizean citizenship through her adoptive mother and refers to Belize as her second home.

Biles attended Benfer Elementary School in Harris County. In 2012, Biles made the choice to switch from public school to home school, allowing her to increase her training from approximately 20 to 32 hours per week. She gained all of her secondary education as a homeschooler, graduating in mid-2015. Biles verbally committed to UCLA on August 4, 2014. She planned to defer enrollment until after the 2016 Summer Olympics in Rio de Janeiro; in November 2014, she signed her National Letter of Intent with UCLA. On July 29, 2015, she announced that she would turn professional and forfeit her NCAA eligibility to compete for UCLA.

Favorite Quotes from Simone Biles

“I would say to always follow your dream. And dream big because of my whole career, including any of the things that I’ve accomplished, I never thought in a million years that I would be here. So it just proves that once you believe in yourself, and you put your mind to something, you can do it.” – Simone Biles

“We’ve always had each other’s backs in and out of the competition. We support each other the most because we’re the only ones that know what it’s like to go through what we do, and so we can’t be more thankful for each other. We’re like sisters.” – Simone Biles

“A successful competition for me is always going out there and putting 100 percent into whatever I’m doing. It’s not always winning. People, I think, mistake that it’s just winning. Sometimes it could be, but for me, it’s hitting the best sets I can, gaining confidence, and having a good time and having fun.” – Simone Biles

“I’m very fortunate to have a coach that I got to stay with all this time. Every year the bond gets stronger and better, and we understand each other more. And it’s like she can tell if I walk into the gym what kind of mood I’m in, what she has to fix for the practice I need, or how I’m feeling.” – Simone Biles

“Growing up, it was kind of a struggle being small since everyone would make fun of you – except for when it came to hide and seek: that’s the only advantage I ever had!” – Simone Biles

Simone Biles Net Worth