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USA’s Simone Biles in the Women’s Beam Final at Ariake Gymnastic Centre on the eleventh day of the Tokyo 2020 Olympic Games in Japan. Picture date: Tuesday August 3, 2021. (Photo by Mike Egerton/PA Images via Getty Images)
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USA’s Simone Biles in the Women’s Beam Final at Ariake Gymnastic Centre on the eleventh day of the Tokyo 2020 Olympic Games in Japan. Picture date: Tuesday August 3, 2021. (Photo by Mike Egerton/PA Images via Getty Images)
Simone Biles is regarded as the GOAT of gymnastics. In a short-lived career so far, she has a combined total of 32 Olympic and World Championship medals. Despite her age, her legacy in the sport is unmatched. Courtesy of that incredible medal tally, it is natural that she is a fan-favorite, which adds to her marketability, helping her boast of a high net worth. Yet, one might need help to process the recent rise in numbers for Biles.
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With different endorsement deals and other earnings through sponsorships, Biles today might just be the highest-paid female gymnast in the sport. However, her net worth has been fluctuating between 2020 and 2021.
Simone Biles’ Net Worth
Astonishing performances in her two Olympic appearances increased her net worth to an all-time high. Her net worth back in 2020 was $6 million. Later, she signed a number of deals with different companies like Athleta, Beats by Dre, Candid Dental, and other prestigious companies. Hence, her net worth now has risen to $16 million.
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RIO DE JANEIRO, BRAZIL – AUGUST 16: Simone Biles of the United States competes during the Women’s Floor Final at Rio Olympic Arena on August 16, 2016 in Rio de Janeiro, Brazil. (Photo by Ian MacNicol/Getty Images)
The sensational gymnast had gained worldwide attention after her withdrawal from the 2020 Tokyo Olympics team gymnastics competition. She was lauded for her decision as she became a glaring influence for many across the globe.
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Biles’ important endorsements
Like every athlete, she signed many deals with different companies, which took her net worth to another level. Some of the companies she signed with are United Airlines, The Hershey Company, Procter & Gamble, Mattress Firm, Spieth America, Visa, Oreo, UberEATS, MasterClass, and Facebook Watch. With such deals signed, she took her net worth from $6 million to $16 million in a year’s time.
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USA’s Simone Biles in the Women’s Balance Beam Final at Ariake Gymnastic Centre on the eleventh day of the Tokyo 2020 Olympic Games in Japan. Picture date: Tuesday August 3, 2021. (Photo by Mike Egerton/PA Images via Getty Images)
However, Biles ended her partnership with Nike following one too many controversies. Regardless, she maintains quite the presence in the market, despite being away from the sport right now.
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