Simone Biles Net Worth 2024

Simone Biles is a popular name in Olampics today, she has a successful career journey and has won 3 gold medals in the Olympics and 10 in world championships already, so it is a common question that her fans may want to know, in this post, We will answer this question. 

Simone Biles, widely regarded as the greatest gymnast of all time, has amassed considerable wealth through her achievements and endorsements. Despite not earning a substantial salary from gymnastics alone, her impressive net worth primarily stems from lucrative brand deals.

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You should also read about Simone Biles's height, Simone Biles Medals, and age here.

As per various trusted sources; her net worth is about $20 million as of August 2024. This includes earnings from endorsements, which saw a significant boost around the 2020 Tokyo Olympics, where she was the highest-paid Olympic athlete in terms of endorsements. Between 2019 and 2021, she reportedly earned at least $20 million from these deals.

In 2023, Biles made approximately $7.1 million, with the vast majority—$7 million—coming from endorsements and the rest from her gymnastics career. This impressive income ranked her as the 14th-highest-paid female athlete that year.

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Biles has partnered with numerous high-profile brands, including United Airlines, Visa, GK Elite, K18, and Athleta. Other endorsements include Tide, The Hershey Company, Procter & Gamble, Mattress Firm, Spieth America, Beats by Dre, Oreo, Uber Eats, MasterClass, and Facebook Watch.

In addition to brand deals, Biles earns money from her Olympic achievements. The United States Olympic Committee awards gold medalists $38,000, silver medalists $23,000, and bronze medalists $15,000. With her extensive medal collection, these winnings contribute to her overall net worth.

FAQs

What is the net worth of Simone Biles?

Her net worth is about $20 million as of August 2024.

Here we tried to share everything about her net worth, if you have questions about her net worth let us know. We will answer them too.