As one of the most successful gymnasts of all time, it comes as no surprise that Simone Biles has racked up millions of dollars.
At just the age of 25, the athlete, who has earned seven Olympic medals and won 25 World Championships over the years, has amassed a whopping net worth of $16 million. And while she has achieved numerous feats as an athlete, most of Simone’s earnings have shockingly not come from her impressive gymnastics career, but instead, from the many lucrative sponsorship deals she has landed along the way.
It’s been reported that the sports star earned roughly $172,500 from her wins at the Olympics, and while that may seem like a lot at first glance – it’s only a small fraction of her massive fortune.
The 25-year-old’s career has stretched far beyond just gymnastics, and much of Simone’s earnings have poured in from her numerous brand endorsements.
She has partnered with companies like Nike, Gap, Uber Eats, Subway, Hershey and Visa over the years, just to name a few.
She has also launched her own line of leotards, released a set of gymnastics equipment, starred in a Snapchat reality series, dabbled in modeling, and embarked on a tour around the US following her stint at the 2020 Olympics that grossed $19.3 million.
While Simone once admitted that her biggest fear is ‘going broke,’ she has certainly enjoyed a lavish lifestyle since becoming a millionaire – which she usually flaunts online to her millions of Instagram followers.
She has also slowly accumulated a nice collection of luxury cars and lives in a sprawling $2 million mansion in Houston, Texas. In addition, the Olympian recently expanded her real estate portfolio by purchasing another plot of land, where she and her fiancé, Jonathan Owens, are building their dream home together.
Simone may have a opulent life now, but she had to overcome a lot to get here. She didn’t have the easiest childhood, and was put in foster care at a young age after she was abandoned by her alcoholic mother.
She was then adopted by her maternal grandparents at age five, and was introduced to gymnastics one year later on a school trip to a local gym, and the rest is history.
As Simone’s career continues to flourish, FEMAIL has broken down her mega fortune and revealed how exactly she became a multimillionaire.
From her massive success as an athlete and jetsetter lifestyle to her brand deals and other endeavors, here’s everything you need to know about Simone’s $16 million net worth.
Golden girl! How Olympic gymnast Simone Biles, 25, has amassed a net worth of more than $16 MILLION with reality show deals, model contracts, and lucrative sponsorships with Nike, Gap and Subway – as she breaks ground on a new mansion in Texas
