Nearly everyone is familiar with Simone Biles, a gymnastics legend who many consider being the best athlete in existence and who has an impressive net worth as a result of her athletic prowess.
Why not, then? Biles’ talent is astounding, four of her moves are named after her, and she was predicted towards becoming “the most decorated American gymnast in Olympic history,” but after a subpar achievement on the vault, she must have been forced to withdraw from the 2020 Tokyo Olympics women’s gymnastics squad final because of a health issue.
Simone Biles’ Net Worth: Career, Earning and Success
Simone’s career has already been legendary until now. However, she still possesses an opportunity to make a record at the 2024 Summer Olympics. Simone can earn more money because the United States does pay highly for Olympic accomplishments.
According to a CNBC report from 2018, every bronze medal ensured each gymnast was close to $15,000, which is not painful for placing third in an Olympic competition. Furthermore, every silver medal was worth $22,500, followed by Gold medals which were worth $37,500 as a reward for the 2016 Rio Olympics.
At the Olympics, Simone took home two bronze medals, one silver, and also four gold medals. Simone also won 25 medals at the World Championships. Her list of medals includes three bronze medals, three silver medals, and 19 gold medals. All of these medals that she bagged contributed significantly to her economic success.
Great Influence Of Simone Biles Beyond Gymnastics
In addition, Biles’ gymnastics prowess has brought her a tremendous reputation outside of the sport. According to Women’s Health, the athlete has numerous sponsors who are interested in associating their brand with the prominent athlete. Uber Eats, SK-II, Mattress Firm, Kellogg’s, Oreo, Hershey’s, GK Elite, Candid Dental, and Beats by Dr. Dre are a few of these brands.
As reported by the New York Times, she ultimately decided to sever her relationship with Nike in favor of the athletics company Athleta since she felt more in line with their basic beliefs.
Thus, Simone Biles’ estimated net worth is $6 million in 2021 as reported by Celebrity Net Worth.