Despite $3,400,000 Empire, Gymnastics Sensation Olivia Dunne Refuses To Splurge Her Money?

The American artistic gymnast and social media influencer Olivia Dunne is estimated to be worth $3.5 million as of April 2023. The 20-year-old New Jersey native, who is majoring in communication studies at the Louisiana State University Tigers in the NCAA, Olivia competes internationally for the US national team and is the highest-paid female college athlete.

Dunne is also a renowned social media influencer and has amassed a huge social media network. As of 2023, her net worth is estimated to be between $2.3 million and $3.3 million. Most sources confirm that her social media presence contributes significantly to her income. Besides social media and sponsorships, Olivia Dunne also earns money through her gymnastics career and NIL deals. In a recent interview, Olivia disclosed her financial and investment advice to fellow college athletes.

Olivia advises college athletes on navigating NIL deals

The young gymnast is cashing in on endorsements and sponsorship deals, benefiting from the NCAA’s acceptance of the Name, Image, and Likeness (NIL) policy introduced in July 2021. It gives college players the right to profit from branding options not previously availed by athletes.

Despite being private, many analysts who follow such deals believed her NIL endorsement contracts alone to be in ?six? figures. Olivia Dunne’s advice to college players about signing NIL deals is impacted by her interactions with agents over the years. She stresses finding a reliable agent who can help athletes through the complexities of the NIL industry.

READ MORE ?Definitely a Sacrifice?: Calling Quits on Same Fate As Simone Biles in Gymnastics, Olivia Dunne Opens Up on Major Career Decision

Olivia opened up in an interview with?PEOPLE magazine and said,

?That?s the moment (NIL policy) my life changed?There was no roadmap for how to do school, athletics, and social media all at the same time. There?s really no one that?s ever done it. And I figured I could change that. I could pave the way and be a good example to young girls that look up to me.?

The LSU Tigers star player suggests ?taking time,? and ?not rushing? into opportunities. She adds further talking about spending habits, saying… ?Spend money like a college student, put all that money away, invest it, and just spend it like a normal college kid. “

Finally, she counsels adopting a frugal mindset, saving, investing, and being cautious with newly acquired wealth. Prioritizing goals and avoiding pointless distractions were two invaluable morals shared.

Lucrative deals under her wings

Dunne has the same managers as iconic athletes Serena Williams and Novak Djokovic’s agent, WME Sports. She has earned more than $1 million in the past year since joining them. The LSU player, nicknamed Livvy, has over 7.4 million TikTok followers, 4.1 million Instagram followers, and 87.9k Twitter followers.

The young millionaire secured a plethora of sponsorship contracts that enabled her to make $2 million annually in 2022. Dunne signed a whopping “mid-six-figure” contract with the sportswear company Vuori, according to Celebrity Net Worth. American Eagle and Forever 21 are among the other brands she endorses. She also became the Sports Illustrated Swimsuit Model.

Olivia surfaced on news fronts amid a controversial collaboration with Caktus Artificial Intelligence, a company that markets an artificial intelligence-based essay-writing service. Dunne has made no public statements about the collaboration or LSU’s response despite the uproar.

However, in a recent interview post-NIL surge, the sporting personality shared her insightful thoughts. The guidance will help young athletes safeguard their financial security and establish the foundation for long-term success by developing a responsible mindset.

Watch this story Just like Simone Biles, college gymnast Olivia Dunnes made a huge “Sacrifice” while taking an important career decision