Simone Biles Net Worth: Everything to Know About Her

The success tale of Simone Bales is nothing less than an epic journey from low to high. By winning 11 Olympic medals and 46 medals, Biles has created a history in the field of gymnastics. Simone Biles is a famous American gymnast and Olympian with a powerful track record of several wins. She secured 23 gold medals at the World Championships.

From childhood to sports career, the story of Simone Biles is worth hearing for everyone. She is one of the richest gymnasts in the world with a net worth of around $25 million. This blog describes how Simone Biles was successful in her field, her early life, her education, her sports journey, and much more.

Early life of Simone Biles

Simone Biles was born in Columbus, Ohio, and has 4 siblings. Because of her inability to take care of kids, Simone Biles and her children were brought up in foster care. Simone Biles joined Benfer Elementary School in Harris County, Texas. Later, she shifted from public school to homeschooling to increase the time of training. Simone Biles received a high school diploma in 2015. Since childhood times, Simone Biles has been interested in sports. She postponed enrollment at UCLA till the Summer Olympics of 2016 in Rio de Janeiro.

The career journey of Simone Biles

Simone had an interest in gymnastics from a young age. She tried the sport at the age of 6 years when she went on a field trip. After watching her performance, the instructors recommended her to continue with gymnastics. Later, she joined a training program at Bannon’s Gymnastics. At the age of 8 years, Biles started training with coach Aimee Boorman.

At the age of 14, she was placed in the third position in the American Classic in Houston. After a few years, Simone Biles came in the 1^st position in the American Classic in Huntsville. Later, she joined the US Junior National Team. She made her debut in her international match in the next year at the American Cup. Simone Biles then played at the City of Jesolo Trophy in which she received a gold medal for the US team.

Due to her great performance, Marta Karolyi invited Simone Biles to the 2013 US Classic in a private camp. After this offer, Biles hired a sports psychologist from whom she got a good level of training. Her performances improved day by day with the right training of a sports psychologist and she was selected for the World Championships team. Biles again took the first position at the 2013 Artistic Gymnastics Championships. At the age of just 16 years, Biles could beat many notable international gymnasts.

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Due to her shoulder injury, Simone Biles had a tough time in the sport for a few months. She made a powerful comeback at the US Classic in Chicago with a good margin. Biles continuously took the top positions along with other American gymnasts in many Championships and Olympic matches. Her performance took the US team to the first position in the 2016 Olympics. In that year, she won a gold medal in the team event. Later, she got another gold medal in the all-around competition.

Biles took a short break from the sport and returned in 2018. She was honored with the Presidential Medal of Freedom in 2022 by President Joe Biden. Biles again made a good comeback in the 2024 Olympics and became one of the best gymnasts of all time. Her performance in Paris again won the hearts of millions of her fans.

Simone Biles is well-known for her performance in the Yurchenko double pike and other important moves. She inspired millions of gymnasts by giving the best mental health advice and lessons on excellence and resilience.

Net Worth of Simone Biles

Now, let us talk about the net worth of Simone Biles. It has a net worth of around $25 million or INR 210 crore. She is one of the richest gymnasts in the globe with a wide range of assets and homes. She was brought up in a luxurious mansion with 4 bedrooms, 3 and a half bathrooms, a private gym, a library, and outdoor space. Biles sold her luxurious childhood house for $250,000.

Later, she moved to a new home in Houston, Texas. This property was located in a gated community and had many amenities. The value of this property is around $750,000. She has another house in Houston which is under construction and co-owned by Simone Biles and her hubby Jonathan Owens.

As per the sources, this new house in Houston includes a game room, a wet bar, and a home theater. One of the best features of this new home is the flight of stairs. Sources say that the value of this new home is around $2 million.

Cars owned by Biles

Simone Biles has an impressive collection of expensive cars starting from Mercedes to Range Rover. Her car collection is worth more than $11 million. Some of her cars can run at a speed of 100 km per hour in just five seconds.

Brands and endorsements by Simone Biles

Now, we will talk about the brand endorsements of Simone Biles. She has a huge endorsement portfolio of various brands such as Nike and Athleta. She signed a long-term contract with Nike in 2015 to promote American athletic apparel and footwear. But this partnership ended in 2021.

Later, Biles signed a contract with Athleta which is owned by Gap in 2021. This contract was signed before the Tokyo Olympics. The company launched the products with the title “Because I Can”. Biles has also signed sponsorship deals with other brands such as The Hershey Company, United Airlines, Oreo, Uber Eats, Facebook Watch, and so on.

Conclusion

These facts show the successful journey of Simone Biles and how she reached the top position. With many gold medals and bronze medals, Biles has created a history in the world of gymnastics. She faced many challenges and overcame them with hard work and determination.