It should come as no surprise that Simone Biles‘ net worth is massive, especially now that she’s making her return to the Olympics. But how much is she making, exactly?
As of 2024, Biles has a whopping seven Olympic medals—including four gold medals, one silver, and two not-too-shabby bronze medals—and dozens of worldwide titles under her belt. Needless to say, Biles isn’t putting in all the work to be the G.O.A.T. for free! As the most decorated gymnast in the world, Biles earns a generous salary from her time representing the U.S.A. in the Olympic games, along with endorsement and sponsorship deals.
What is Simone Biles’ net worth?
According to Celebrity Net Worth, Simone Biles‘ net worth is an estimated $16 million, as of April 2024. In 2022, Biles made Forbes‘ list of highest-paid female athletes, coming in at No. 10. With a Super Bowl commercial, new ads for Subway and Powerade, and an activewear collection with Athleta, among other moves, Biles raked in an estimated $10 million in 2022.
How much does Simone Biles make from the Olympics?
If you thought Simone Biles‘ winning record was impressive, just wait until you hear how much she stands to make during the Tokyo Olympics. According to USA Today, U.S. Olympians are expected to “earn $37,500 for each gold medal they win this year, $22,500 for each silver, and $15,000 for each bronze. In team sports, each team member splits the pot evenly.” But when it comes to individual rounds, those players get the whole prize pot for themselves.
These numbers were the same during the 2018 Winter Olympics and reportedly marked a 50% increase from the 2016 Olympic Games. Altogether, this means Biles earned an estimated $82,500 to $100,000 in Rio. In 2021, a similar winning streak could earn her a minimum of $165,000 in Tokyo, according to Cosmopolitan. She earned $25,000 for each of her four gold medals and $10,000 for her bronze medal, according to Parade.
What is Simone Biles’ yearly salary?
The Olympian makes an estimated $316,000 per year, according to Players Bio. But Biles’ salary isn’t just made up of her gymnastics income. This salary also includes a wide range of endorsements throughout the years, such as her famous partnership with Tide prior to the 2016 Olympics and her deals with brands like Beats by Dre, Uber Eats, and more. “I’m very picky about the brands I work with,” she told Health in 2019. “Instead of just creating a product, they have to connect with a wider community and have an impact.”
