If you are good at what you do, your work will do all the talking. And if you are the best in your field, like Simone Biles, you do not need to make a statement; you simply own the ground!
On 2 June, the American gymnast won the gold medal in all the events at the U.S. Gymnastics Championships in Texas. In the process, she became the first gymnast to win nine all-round titles in the history of the competition.
Her absence from the Tokyo Olympics in 2021 generated a lot of buzz and raised questions about her career. In the run-up to the Paris Olympics in 2024, she has made no public statements on her form and state of mind. Instead, she has quietly proven why she is the frontrunner to grab all the gold medals she can at the marquee quadrennial event.
With seven Olympic medals and 37 medals overall (including the World Championships), Biles is already the most successful gymnast in history and one of the greatest athletes of all time. The Paris Olympics will simply provide the American with an opportunity to underline her legendary status.
Such widespread accomplishments often come with considerable fame and Biles enjoys massive fanfare in the United States of America (USA) and abroad. Several young and upcoming gymnasts consider her to be a role model.
However, it is not just popularity that Biles has garnered over the years. By virtue of being a successful athlete, the American has also amassed quite a fortune. Yes, maybe she is not as rich as the likes of Cristiano Ronaldo and LeBron James, but considering her young age, she is doing incredibly well.
So just how rich is the American gymnastics juggernaut?
Well, we try answering that question by delving deep into the net worth of Simone Biles and taking a look at her earnings, the house she owns with Jonathan Owens, her car collection, endorsements and more.
Before we start talking about all of her riches in detail, let us quickly give you an idea of the kind of wealth we will be dealing with in this article.
According to a report by Celebrity Net Worth, Simone Biles, in 2024, commands a net worth of USD 16 million.
Now, it’s important to understand one thing — gymnasts and track-and-field athletes do not earn big bucks like their football or tennis counterparts. Therefore, someone like Novak Djokovic, Lionel Messi or Serena Williams will undoubtedly have a higher net worth in comparison. Having said that, Biles, with her net worth, is still the richest gymnast in the world.
Even though she was born in Columbus, Ohio, Simone Biles grew up in Spring, Texas in a beautiful mansion. The property had four bedrooms, three-and-a-half bathrooms, a library, a private gym, a living room, a dining room and an outdoor garden. In 2017, she sold her childhood house for a reported sum of USD 250,000.
The American gymnast then moved into a new house in Houston, Texas. Placed in a gated community, the property boasted four bedrooms, spa-like bathrooms, an outdoor kitchen, a swimming pool, a home theatre, a dog wash station, a fireplace and a three-car garage. The kitchen in question had quartz countertops, custom-made cabinets and high-end appliances. This house, spread across 4,000 square feet, is worth USD 750,000.
In recent times, the gymnast shared glimpses of a new house in Houston. This lavish mansion, which is still under construction, will be co-owned by Biles and her husband Jonathan Owens (who plays for the Chicago Bears in the National Football League or NFL).
According to a series of stories posted by Biles on her Instagram account, the house will feature a game room, wet bar and a home theatre. However, the most interesting part of this mansion, in her opinion, is its flight of stairs.
View this post on Instagram
Although there has been no official confirmation of the same, the ‘dream house’ of Biles and Owens is rumoured to be worth a whopping USD 2 million!
Like many successful sports personalities, Simone Biles has a penchant for luxury cars. As a matter of fact, she owns some of the most stunning vehicles money can buy. Her overall car collection is worth a monstrous — wait for it — USD 11 million!
Here is a look at some of the notable automobiles from Biles’ fleet of cars:
A powerful SUV, the Mercedes-AMG G63 houses the iconic four-litre V8 bi-turbo engine that can generate up to 585 horsepower. As a result, this vehicle can go from zero to 100 kilometres per hour in just over five seconds. It is worth around USD 180,000.
The Dodge Challenger SRT offers the perfect blend of raw power and sheer comfort. This vehicle comes with a 6.2-litre supercharged Hemi V8 engine under the hood and can generate up to 797 horsepower. It is valued at approximately USD 73,000.
Under the hood, the Mercedes-AMG GLE 43 boasts a three-litre twin-turbocharged V6 engine that can produce up to 385 horsepower. This car is valued at an estimated USD 65,000.
One of the most premium SUVs available in the market, the Rage Rover Velar in Simone Biles’ car collection is powered by a two-litre turbocharged four-cylinder engine that can generate up to 247 horsepower. This Range Rover is priced at USD 60,000 (approximately).
Do you know what is a good example of a rare sight? Spotting a convertible Range Rover. And that is exactly what Simone Biles has in her collection.
The Range Rover Evoque Convertible boasts a two-litre turbocharged four-cylinder engine, the same as the Range Rover Velar. The car is worth an estimated USD 45,000.
Is it surprising to learn that an athlete of Simone Biles’ stature enjoys the luxury of having a host of multinational brands in her endorsement portfolio? Of course not. The only question is, which companies have partnered with the American gymnast?
The most iconic brand deal that Biles shared was with Nike. In 2015, she signed a long-term deal with the American athletic apparel and footwear behemoth. However, it was shocking to see her part ways with Nike in 2021.
Although Biles herself never made any public statements, many believed that Nike’s dogged track record of controversies in recent years was a major cause of apprehension for the gymnast.
Following the end of her deal with Nike, Biles signed a contract with Gap-owned Athleta in 2021, a few months before the Tokyo Olympics. According to the terms of the deal, the company launched a line of products in association with the gymnast titled ‘Because I can’.
View this post on Instagram
In addition to Athleta, Biles shares sponsorship deals with a number of other brands. Here are a few of them:
Moreover, Biles has a contract with GK Elite Sportswear for a line of leotards.
If you are looking for ‘Simone Biles salary’ on your search engine, stop right away — that is, if you do not want to be disappointed!
Contrary to popular belief, gymnasts do not have a fixed salary that they receive from a federation or any governing body. So how do they earn their livelihood? Is it solely dependent on their off-field incomes?
Turns out, the federations do pay the U.S. athletes in tandem with their performance. In fact, gymnasts can earn thousands of dollars and paint their pockets green with these payouts.
As a case study, let us take a look at the Olympics. According to a report by CNBC, American athletes received the following financial rewards from the U.S. Olympic Committee based on their performances at the 2018 Winter Olympics
The figures saw a 50 per cent increase from the 2016 Rio Olympics. If we take into account Simone Biles’ four gold medals and a solitary bronze medal at the 2016 games, her rewards from that year’s Olympics ranged between USD 80,000 and USD 100,000.
(Main and Featured Images Credits: Simone Biles/Instagram)
This story first appeared on Augustman India
Simone Biles, as of June 2024, has a net worth of USD 16 million.
Simone Biles' new, under-construction house in Houston, Texas is reportedly worth USD 2 million.
Simone Biles owns a number of cars, including (but not limited to) a Mercedes-AMG G63, a Range Rover Velar and a Dodge Challenger SRT.
Uddipta writes about sports and watches besides occasionally venturing into the world of automobiles and technology. He was associated with the Indian Express in the capacity of a sub-editor at their Lifestyle ..Read More
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