Net Worth $16 Million
American gymnast Simone Biles has a fortune of $16 million. Simone holds the record for the most medals won by an American gymnast, at 32. (both Olympic and World Championship medals). It’s safe to say that Simone is one of gymnastics’ most accomplished athletes. Many believe that Simone Biles is the greatest gymnast of all time.
During the 2016 Summer Olympics, she achieved a number of remarkable achievements. She was a member of the United States’ “Final Five” squad in those games. Simone won gold medals in floor, vault, and all-around at these games. This year, she earned two gold medals as part of the United States team in the balancing beam.
Due to the COVID delay, the 2020 Summer Olympics in Tokyo were held in 2021 instead of 2020. Simone finished with a bronze medal on balancing beam and a silver medal as a member of the team. After a bout of “the twisties,” a condition in which a gymnast loses their sense of air balance, she was forced to withdraw from the Olympics.
Before and after the postponing of the 2020 Olympic Games, Simone was the most-sought-after American athlete in terms of endorsements. In the years leading up to the games and through contracts that continue into the future, she earned an estimated $20 million. We’ll talk more about these offers in the section that follows.
Simone Biles: Early Life
She was born on March 14th, 1997 in Columbus, Ohio, to Simone Arianne Biles and David Biles. As a child, Simone and the three other siblings she shared a home with were continuously in and out of foster care. Biles grew raised in the Houston suburbs under the tutelage of her grandmother, who became more involved in her life around the year 2000. Simone’s mother is from Belize, therefore she grew up with a close connection to the country. She is still a citizen of Belize.
Simone was meant to be a professional gymnast from an early age, and it was only a matter of time until she realised it. As a result, she was expelled from school and had to finish her secondary studies at home. Because of this, Simone was able to train 33% more and compete at the top level before she ever started college.
Simone Biles: Career
Gymnast Simone Biles began her training at an early age, and by the time she was eight, she was already working with Aimee Boorman. She raced in the American Classic in Houston at the age of 14. She came in third place. First place at the American Classic in Huntsville in 2012 was her best finish to date. She was a member of the Junior National Team for the United States that year. Before competing at the City of Jesolo Trophy, she made her senior international debut at the American Cup and helped the U.S. team earn a gold medal.
Márta Károlyi invited Simone to a private camp after she had a disappointing showing at the 2013 US Classic, and the young gymnast also began training with a sports psychologist. Simone was picked for the World Championships team as a consequence of her improved results. Her second straight first-place result at the 2013 Artistic Gymnastics Championships was aided by a flawless showing. It was immediately clear that the 16-year-old was a fantastic gymnast, and she outperformed more seasoned international gymnasts.
Due to a shoulder injury, Biles’ 2014 season got off to a sluggish start, but he made up for it by winning the US Classic in Chicago by a significant margin. At the World Artistic Gymnastics Championships, she participated once more, helping the United States to a second gold medal and a second triumph. She won the AT&T American Cup in Arlington, Texas, in 2015, taking first place. She was nominated for the James E. Sullivan Award for her performance. With the City of Jesolo Trophy, the U.S. Classic, and the U.S. National Championships, further triumphs were achieved.
At the 2014 World Artistic Gymnastics Championships in Glasgow, Scotland, American gymnasts including Biles represented the United States, won the tournament for the third time in a row. She had had collected 14 medals from the World Championships by this point. It appeared inevitable that Biles would be picked to represent the United States in the 2016 Summer Olympics in Brazil after a streak of impressive results.
During the 2016 Olympic Games, Simone helped the United States gymnastics team secure a first-place finish, and she qualified as the nation’s best gymnast in four of the five individual competitions. With her first gold medal in the team event, she went on to win gold in the individual all-around category. As well as winning gold in the women’s floor exercise final, she also won bronze in the balancing beam final. After a brief absence from competition, she resumed it in 2018 with new and improved routines.
Simone Biles: Property
When Biles bought a new house in 2020, she showed off a few pictures of it on social media. It was evident from the photos that her new home was both vast and elegant, with tile flooring and other features readily visible. Although Simone is known for her thrift, it appears that she was ready to splurge on real estate, which was a wise decision. Biles stated in 2017 that she was selling the Houston, Texas, home she had grown up in. The 3,711-square-foot home was put on the market for $289,000, and it has three bedrooms and two bathrooms.