Simone Biles Net Worth didn’t just become rich by flipping and flying in gymnastics. Her net worth grew because she worked smart outside the gym too. While she won many medals, those don’t pay as much money. Most of her income comes from brand deals and partnerships. People love Simone because she’s strong, honest, and inspiring. That’s why big companies want to work with her. She became more than just an athlete—she became a star. She used her fame to talk about mental health, which made even more people support her. That helped her get even bigger deals. She also joined social media, where she has millions of fans. With all this attention, Simone was able to turn her fame into real money. She used her talent in sports to open doors in business. That’s how she grew her net worth beyond gymnastics.
The Real Reasons Behind Simone Biles Net Worth in 2024
In 2024, Simone Biles has a net worth of around $16 million. That’s a big number, and the reasons behind it are not only about gymnastics. Simone worked hard, but she also made smart decisions. One big reason is her brand deals with companies like Athleta, Uber Eats, and Visa. These companies pay her a lot to represent them. Another reason is her social media power. With millions of followers, brands want to pay her just to post. She’s also been featured in documentaries and TV shows, which helped her become even more famous. All these things added up over time. Simone’s story is not just about flips and routines—it’s about turning talent into opportunity. In 2024, she continues to shine, and her money keeps growing because she makes smart moves both on and off the mat.
Simone Biles Net Worth: From Gold Medals to Gold Deals
Simone Biles has won many gold medals, but those medals don’t bring in much cash. What really made her rich were the gold deals she signed after becoming famous. Winning medals helped her become well-known, but being well-known helped her get business deals. She became the face of many big brands and started working with companies that supported her values. These companies didn’t just use her for ads—they made her part of their story. She even left a deal with Nike and joined Athleta because they supported her mental health journey. That choice made fans respect her more, and more companies followed. Her worth came from being smart, staying strong, and using her fame the right way. Simone turned her medals into money, but she did it with heart and honesty. That’s why she keeps winning—on the mat and in life.
How Netflix and Social Media Boosted Simone Biles Net Worth
Simone Biles didn’t just shine in the Olympics—she also starred in her own Netflix documentary, Simone Biles: Rising. This show helped people learn more about her life, struggles, and victories. People who watched the show became even bigger fans. This new fame helped her earn more. Social media also played a huge role in her net worth. Simone has millions of followers on Instagram, Twitter, and TikTok. Big companies love that, because it means she can share their message with lots of people. They pay her money just for one post. That’s how social media and Netflix helped her grow her income. They gave her a bigger spotlight and helped more brands trust her. Simone used these tools wisely. She didn’t just become a sports star—she became a social star too. And that gave a big boost to her net worth.
Brand Deals That Built Simone Biles Net Worth
One of the biggest reasons for Simone Biles’ net worth is her smart brand deals. These deals are when a company pays someone to represent them. Simone signed deals with famous brands like Athleta, Uber Eats, Visa, and even SK-II skincare. These companies liked her because she is strong, kind, and speaks up for what’s right. She didn’t just pick any deal. She chose companies that matched her values and helped her connect with fans. Her Athleta deal was very special—it let her create her own clothing line and gave her more control. These brand deals paid her way more than gymnastics prizes. They also helped her grow her name outside sports. The more people saw her face, the more brands wanted to work with her. Simone’s smart choices with these deals helped her net worth rise fast.
Simone Biles Net Worth Timeline: From 2013 to 2024
Simone Biles’ journey to a $16 million net worth didn’t happen overnight. It started back in 2013 when she first made headlines in gymnastics. At that time, she was just beginning to win medals. By 2016, she became super famous after the Rio Olympics, winning four golds. That’s when brands started noticing her. She signed big sponsorships and began appearing in commercials. From 2017 to 2020, her name kept growing. Even when she took a break in 2021 to focus on her mental health, fans loved her more. She came back strong in 2023 and continued adding medals to her name. During all these years, her brand value also rose. She worked with more companies and started her own projects. By 2024, she was not just a gymnast—she was a business star. That’s how her net worth grew step by step, year by year.
What Young Athletes Can Learn from Simone Biles Net Worth Story
Young athletes can learn many lessons from Simone Biles’ net worth journey. First, talent is important, but smart choices matter too. Simone worked hard in the gym, but she also made strong moves outside it. She picked good deals, stayed true to her values, and didn’t let fame change her. She also spoke up when she needed rest, which showed strength, not weakness. Young athletes can see how she used her fame in a kind and clever way. She didn’t rush; she planned and made thoughtful decisions. Simone teaches us that being great at your sport is just one part. How you use that greatness in the world matters just as much. You can earn well, help others, and stay true to yourself. That’s what makes her story special. It’s not just about medals—it’s about being smart, kind, and brave.
Smart Choices That Helped Simone Biles Earn Millions
Simone Biles made many smart choices that helped her become a millionaire. First, she focused on her sport and became the best. Then, she carefully picked the right sponsors. She didn’t just go with the biggest names—she went with brands that respected her and her beliefs. Leaving Nike and joining Athleta was one of her smartest moves. It gave her freedom and a stronger voice. She also spoke openly about mental health, which made people love her even more. Simone didn’t try to do everything fast. She took her time, made thoughtful choices, and stayed real. She also used her social media in a smart way. Instead of posting random things, she shared her journey, workouts, and messages that inspired people. These smart steps helped her earn more money without losing who she is. That’s why her success keeps growing every day.
Simone Biles Net Worth Compared to Other Gymnasts
Simone Biles is one of the richest gymnasts in the world. While many gymnasts earn money from competitions, Simone earns much more because of her fame and business deals. Other gymnasts like Nastia Liukin or Gabby Douglas also had great careers, but they didn’t have the same level of media attention. Simone’s mix of Olympic wins, brave voice, and brand partnerships made her stand out. She turned her fame into smart business. That’s why her net worth is higher than most other gymnasts. She also stayed in the spotlight longer by sharing her story, starting new deals, and coming back strong. Some gymnasts retire early, but Simone kept going, both in the gym and in life. Her journey shows that gymnasts can earn big, but it takes more than flips. It takes focus, strength, and smart planning like Simone.
Where Simone Biles Spends Her Money: A Look Into Her Life
Simone Biles spends her money on things she loves and needs. One of her biggest purchases was her beautiful house in Texas. She shares pictures of it with her fans online. It has a big backyard and lots of space to relax. Simone also spends money on her pets—especially her cute French bulldogs. She buys them toys, clothes, and treats. She enjoys fashion too, and wears stylish outfits from her own brand. But Simone is not just about spending. She also saves and gives back. She supports charities and talks about mental health. She even helps young gymnasts by sponsoring events and giving advice. Simone also travels with her husband, and they enjoy simple things like cooking and relaxing at home.
Conclusion
Simone Biles net worth is not just from doing flips and winning medals. She worked hard, made smart choices, and picked the right people to work with. Simone showed us that you can be kind, brave, and rich at the same time. She stayed true to herself and still made millions.
Her story teaches us that being famous is not enough—you also need to be smart and honest. Simone used her voice, helped others, and made good money too. So if you dream big and work hard like Simone, you can also do great things in life. 🌟
FAQs
Q: How much is Simone Biles net worth in 2024?
A: Simone Biles’ net worth in 2024 is around $16 million.
Q: Does Simone Biles earn money only from gymnastics?
A: No, most of her money comes from brand deals, ads, and social media.
Q: What companies has Simone Biles worked with?
A: She worked with Athleta, Uber Eats, Visa, and many more brands.
Q: Did Simone Biles get rich from the Olympics?
A: Not really. Winning medals helped her become famous, but brand deals made her rich.
Q: Does Simone Biles spend her money wisely?
A: Yes, she buys what she loves, helps others, and also saves money.
