Curious about Simone Biles‘ net worth? We have all the details right here. In the current year, the spotlight is on Biles not only for her exceptional athletic achievements but also for her impressive financial success. Discussions around her net worth have gained significant traction as fans and followers are eager to know how much money she makes. As one of the most decorated gymnasts of all time, Biles continues to inspire and captivate audiences worldwide.
What is Simone Biles’ net worth in 2024?
Simone Biles has an estimated net worth of $16-17 million in 2024.
Simone Biles has recently been trending due to her stellar performance at the US Olympic trials, where she secured a spot in the 2024 Paris Olympics gymnastics team. Additionally, her floor routine set to Taylor Swift’s song “Ready For It?” caught the attention of the pop superstar, who showered Biles with praise, according to Pinkvilla.
Simone Biles’ earnings explained — how does she make money?
Simone Biles’ net worth is attributed to her diverse financial portfolio, with multiple streams of income.
Endorsement deals
A significant portion of Simone Biles’ net worth comes from endorsement deals. In 2021, she signed with Athleta, a deal that stands out not just for its financial benefits but also for its emphasis on aligning with brands that share her values. Biles has her own clothing line with Athleta, which has been a lucrative venture. Other notable endorsements include partnerships with brands like Visa, United Airlines, and more, each contributing millions to her earnings.
Salary and Competition Earnings
As a top athlete, Biles also earns money through her participation in competitions. While specific figures from these earnings are not always publicly disclosed, top gymnasts can make substantial amounts from prize money, appearance fees, and performance bonuses. Her consistent victories and high-profile performances add significantly to her overall income.
Media Appearances and Public Speaking
Biles’ influence extends beyond the gym. She has appeared on various television shows, participated in public speaking engagements, and even authored a book. These ventures not only enhance her public profile but also provide additional income streams. The autobiography, “Courage to Soar,” has been a bestseller, adding to Simone Biles’ net worth.
