Simone Biles, the renowned American gymnast, began her journey in the sport at a young age. Born in 1997, she was first introduced to gymnastics at the age of six when she was taken to a gymnastics class at a local park by her biological mother. However, it was her time spent in foster care with the Biles family that truly ignited her passion for the sport. The Biles family, who would later adopt Simone, recognized her natural talent and enrolled her in a more competitive gymnastics program. This marked the beginning of Simone Biles’ career, a path that would lead her to become one of the most decorated gymnasts of all time.

Simone Biles’ Current Net Worth

As of 2025, Simone Biles’ current net worth is estimated to be around $60 million, according to Forbes. This makes her one of the wealthiest athletes in the world.

Career

Simone Biles, born in 1997, is an American artistic gymnast. She began her career in 2011 and quickly rose to fame, becoming a four-time Olympic gold medalist. Biles is also a seven-time United States national all-around champion and a 19-time World Medalist.

Other Ventures

Biles has ventured into various business endeavors outside of gymnastics. She has her own line of leotards with GK Elite, a clothing line with Athleta, and a partnership with Nike. Additionally, she has appeared in several TV shows and movies, including “The Simone Biles Story” and “The Gabby Douglas Story.”

Assets

Biles owns a luxurious home in Houston, Texas, valued at around $2 million. She also owns several high-end cars, including a Range Rover and a Mercedes-Benz. Her gymnastics equipment and facilities, including her own gym, are valued at over $1 million.

Annual Income

Biles’ annual income is primarily derived from her gymnastics career, sponsorships, and endorsements. Her estimated annual income is around $18 million. This includes her prize money, appearance fees, and her contract with Nike, which is reportedly worth $5 million per year.

Frequently Asked Questions about  Simone Bile

Frequently Asked Questions: Simone Biles Net Worth

1. What is Simone Biles’ net worth?

Simone Biles’ net worth is estimated to be around $25 million.

2. How does Simone Biles make her money?

Simone Biles makes her money through various sources including endorsements, sponsorships, competition prize money, and her own gymnastics facility.

3. Who are Simone Biles’ sponsors?

Simone Biles’ sponsors include Nike, GK Elite Sportswear, United Airlines, and Procter & Gamble, among others.

4. Does Simone Biles have her own gym?

Yes, Simone Biles has her own gymnastics facility called “World Champions Centre” in Spring, Texas.

5. What is Simone Biles’ highest career earnings?

Simone Biles’ highest career earnings are from her endorsement deals, which are estimated to be around $20 million.

6. How much does Simone Biles earn per competition?

Simone Biles’ earnings per competition vary, but she can earn up to $30,000 for winning a World Championship or Olympic gold medal.

7. Does Simone Biles have any philanthropic endeavors?

Yes, Simone Biles is involved in various philanthropic endeavors, including her work with the “Gymnastics Foundation” to promote gymnastics and provide opportunities for young gymnasts.

8. What is Simone Biles’ highest achievement in gymnastics?

Simone Biles’ highest achievement in gymnastics is being the most decorated American gymnast, with a combined total of 32 Olympic and World Championship medals.

9. How much does Simone Biles earn from her book deals?

Simone Biles has written two books, “Courage to Soar” and “Believe in Yourself: An Inspiring Story of Overcoming Fear and Doubt”. The earnings from these book deals are not publicly disclosed.

10. What is Simone Biles’ future plans for her career?

Simone Biles has not yet announced her plans for retirement, but she has mentioned that she wants to focus on her mental health and well-being, and possibly pursue a career in business or coaching after her competitive career is over.