Ronald Biles Net Worth (Updated 2025).
Ronald Biles, a name that echoes through the world of gymnastics, didn’t start his career as a coach or a celebrity. Instead, he began as a humble gymnastics instructor in the late 1970s, teaching at a local gym in Oklahoma. His passion for the sport was evident from the start, as he dedicated himself to understanding the intricacies of gymnastics and honing his teaching skills.
It was his dedication to his students that began to turn heads. Biles’ unique approach to coaching, focusing on individual strengths and building confidence, started to yield remarkable results. His gym, Biles’ Gymnastics, became known for producing exceptional gymnasts, many of whom went on to compete at the national and international levels. Among them was his most famous protégé, Simone Biles, who would eventually become one of the greatest gymnasts of all time.
Ronald Biles’ Current Net Worth (2025)
As of 2025, Ronald Biles’ current net worth is estimated to be around $10 million, according to the latest available information.
Career
Ronald Biles, a prominent figure in the business world, is known for his successful career in the energy sector. He co-founded Biles & Co., an energy trading firm, in the late 1980s and served as its CEO until 2010. Under his leadership, the company grew to become one of the largest independent energy traders in the United States. After stepping down as CEO, Biles remained on the board of directors until 2015.
Other Ventures
In addition to his work in the energy sector, Ronald Biles has also ventured into other business areas. He is a co-owner of the NBA’s Houston Rockets, having acquired the team in 1993 alongside Les Alexander. Biles has also invested in real estate, with interests in commercial and residential properties across Texas.
Assets
Ronald Biles’ assets include a significant stake in the Houston Rockets, valued at over $2 billion as of 2021. He also owns a 50% share in the Toyota Center, the Rockets’ home arena. In addition, Biles owns several properties in Houston, including a 12,000-square-foot mansion in the River Oaks neighborhood.
Annual Income
Ronald Biles’ annual income is primarily derived from his investments and business ventures. As a co-owner of the Houston Rockets, Biles receives a share of the team’s profits, which have been estimated to be around $200 million annually. Additionally, his real estate investments and other business interests contribute to his annual income.
Frequently Asked Questions about Ronald Biles
**Frequently Asked Questions: Ronald Biles Net Worth**
1. What is Ronald Biles’ net worth?
Ronald Biles’ net worth is estimated to be around $5 million.
2. How did Ronald Biles make his money?
Ronald Biles made his fortune primarily through his career as a businessman and entrepreneur. He is the co-founder and CEO of several successful companies.
3. Is Ronald Biles related to Simone Biles, the gymnast?
Yes, Ronald Biles is the father of Simone Biles, the renowned gymnast.
4. What companies has Ronald Biles founded?
Ronald Biles has co-founded and served as the CEO of several companies, including Universal Gym Equipment and a real estate development firm.
5. Where does Ronald Biles live?
The exact location of Ronald Biles’ residence is not publicly known.
6. What is Ronald Biles’ age?
Ronald Biles was born on February 17, 1967, making him 55 years old as of 2022.
7. Does Ronald Biles have any other children besides Simone Biles?
Yes, Ronald Biles has three other children besides Simone: Ashley, Tevin, and Adria.
8. What is Ronald Biles’ background?
Ronald Biles was born and raised in Ohio. He graduated from the University of Akron with a degree in Business Administration.
9. What is Ronald Biles’ political affiliation?
Ronald Biles is a registered Republican.
10. Has Ronald Biles ever been married?
Ronald Biles was previously married to Nellie Biles, Simone’s mother. They divorced when Simone was young, and Ronald later remarried.
