What Simone Biles’ Net Worth Is In 2024

Simone Biles has been a household name since 2013, with her story explored in the Neftlix documentary Simone Biles: Rising, yet for all her success, it isn’t entirely clear just how much Simone Biles is worth. It has been a meteoric rise to the position of one of the best gymnasts of her generation – if not one of the best gymnasts ever, especially when factoring in her impressive medal count. Biles’ fame has transcended the sports world, and she now sits firmly amidst some of the most famous people alive. It’s fitting, then, that someone with such star power, both on and off the mat, is the feature of a new documentary.

Biles is a phenomenon, and she’s only 27 years old. Not even counting her dozens of international medals and seven Olympic medals, Biles was also a finalist for Time Magazine’s 2016 Person of the Year and was awarded the Presidential Medal of Freedom. It’s a remarkable feat to wield so much fame at such a young age, but Biles’ story hasn’t been without its share of turbulence and inner struggles. Despite all the adversity, however, Biles has persevered, capitalizing on her clout and cashing in on her influence, earning millions of dollars along the way.

Simone Biles’ Net Worth Is Estimated At $16 Million In 2024

Her Sponsorships And Endorsements Supplement Her Gymnastics Income

According to Celebrity Net Worth, Biles’ fortune is estimated at $16 million. Her impressive social media presence and obvious, selling, star power means she has had no shortage of suitors for brand ambassadorship opportunities. These corporate sponsorships are responsible for the vast majority of her net worth. Her biggest deal was with Nike, whom she famously left for the women’s clothing brand, Athleta. While Biles’ various sponsorships have covered a wide array of industries she’s not involved in, she takes athletic deals personally: regarding the switch from Nike to Athleta, Biles said it is because Athleta represents “everything that I stand for” (via Forbes).

Throughout the years, Biles’ influence has grown exponentially, and its only ramping up with each passing year. As she continues to take home awards, honors, medals, and more, her net worth is almost certain to grow. With Simone Biles: Rising now officially available and streaming on Netflix, it’ll thrust her even more directly into the spotlight, and she’s more equipped now to handle such pressures.

How Much Simone Biles Made From Gymnastics Competitions

Her Gymnastics Success Has Amounted To Only A Fraction Of Her Worth

Simone Biles has accumulated $147,500 from her seven Olympic medals: for the 2021 Tokyo Olympics, the prize money value of the medals equated to $15,000 for bronze, $22,500 for silver, and $37,500 for gold. These numbers were smaller for the 2016 Rio Olympics. If the 2024 Paris Olympics follow suit, she stands to earn the most money from her trade than she ever has before. Her world championship prize money earnings pale in comparison to the Olympic prizes, and amount to a miniscule sum in comparison to her total earnings.

Despite the unprecedented athletic heights that she has reached at such a young age, Simone Biles’ earnings and prize money totals from gymnastics equal less than 5% of her total net worth. It’s a stark commentary on the societal value of women’s sports, especially when juxtaposed against the corporatized value of advertising. While this isn’t the main focus of Simone Biles: Rising, the documentary nonetheless provides a fascinating insight into what it takes to be a top-level athlete.

Sources: Forbes, Celebrity Net Worth

Simone Biles: Rising (2024)

After stepping away from the 2020 Tokyo Olympics due to mental health struggles, Simone Biles embarks on a transformative journey. The docuseries follows her as she overcomes past traumas, rebuilds her gymnastics skills, and prepares for a triumphant return to the Olympic stage in Paris.

Cast

Simon Biles

Release Date

July 17, 2024

Seasons

1