With an absurd number of gold medals under her belt, Simone Biles is *the* most decorated gymnast of all time. But unfathomable wealth must accompany all those gold medals, is I right? Ever since she won our hearts at the Rio Olympics in 2016, Simone has been extremely busy and scheduled. Not surprisingly, she’s extremely wealthy as a result.
The celebrity, who came in at number 10 on Forbes’ list of the highest-paid female athletes in 2022 alone, is certainly a legendary achievement. So read on to find out what a gymnast of Simone’s calibre can expect to make annually if you, my friend, are just dying to know the ins and outs of her bank account (aren’t we all?). Thank you very much!
Let’s Discuss the Olympics
Not to make you feel totally inadequate or anything, but Simone took home a whopping five medals—four gold, one bronze—at the 2016 Rio Olympics and earned another two gold medals at the 2024 Paris Olympics. (Meanwhile, I can barely get off the couch.) It takes a lot to represent America in the Olympics, and Simone surely isn’t doing that for $free.99!
According to CNBC, U.S. Olympians “earn $37,500 for each gold medal they win this year, $22,500 for each silver, and $15,000 for each bronze. In team sports, each team member splits the pot evenly.” Mind you, these are the numbers for 2018—CNBC said the figures increased by 50 percent from the 2016 Olympic Games. This means Simone racked up about $82,500 to $100,000 for her winning streak in Rio and is bound to get even more this time around…like, at least $165,000 more!
Did someone say endorsements?
When you’re as talented as Simone Biles (a girl can dream), companies will naturally want to slap your face on everything to help sell products—and can you blame ’em? According to a 2021 Forbes estimate, the decorated athlete earns at least (!!!) $5 million annually in endorsements, so let’s get into the deets, shall we? In April 2021, Simone left her Nike deal to work with Athleta, where she worked on designing products and capsule collections.
In addition to working with Athleta, Simone also has endorsements with *takes deep breath* SK-II, Hershey’s, Uber Eats, Visa, United Airlines, MasterClass, Candid Dental, Kellogg’s, Mattress Firm, and Beats by Dre. The more, the merrier!
Oh, and Simone also published her own autobiography in 2021, which means she probably raked in money from its sales, too.
Courage to Soar: A Body in Motion, A Life in Balance
Of course, she sells gymnastics wear and equipment
It’s no surprise that the Athleta x Simone drip is officially sold out, but don’t fret! Simone has a gorgeous line of leotards with GK Elite that are *chef’s kiss*. 10/10 will be picking one of these up for my adult gymnastics class.
GK Elite Simone Biles U.S. Classic 2024 Replica Workout Leotard
And why not sell some actual gymnastics equipment to go with those leotards?
Simone Biles Mat
Simone’s Instagram would also like a word
Simone has more than 10.2 million followers on her Instagram page, which means there are TONS of opportunities to earn major bank by posting #sponcon to her account! Shoot, in the past month alone, Simone’s already done an ad for Nulo Pet Food and shot the coolest content with SZA, which you can peep below:
Sooo, what’s Simone Biles’s total net worth in 2024?
According to Celebrity Net Worth, Simone is sitting pretty on a $25 million fortune, which is a whopping $18 million more than the figure we last reported over a year ago—not too shabby for the best gymnast in the world right now. Please excuse me while I grab the nearest mat and attempt some headstands!
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