Simone Biles, born 1997, is widely recognized as the most decorated American gymnast and a global sports icon. From a challenging childhood in foster care to becoming a World Championships champion and Olympic gold medalist, Biles has transformed her athletic talent into a multi-million-dollar career.
This article explores Simone Biles net worth, detailing how she began her gymnastics journey, her Olympic and competition earnings, endorsement deals, and sponsorships with major brands like Nike, Athleta, and Visa. We also examine her salary, prize money from competitions, and her decision to take a break from gymnastics to prioritize mental and physical health. By 2026, Biles’ fortune reflects not only her athletic achievements but her strategic career moves.
Quick Facts
| Category | Quick Facts |
| Full Name | Simone Arianne Biles |
| Date of Birth | March 14, 1997 |
| Birthplace | Columbus, Ohio, USA |
| Early Life | Spent time in foster care; adopted by maternal grandparents |
| Height | 4 ft 8 in (142 cm) |
| Gymnastics Level | Level 8 → Elite → World Championships & Olympic competitor |
| Major Achievements | Most decorated American gymnast, 7 Olympic medals, multiple World Championships golds |
| Olympic Medals | 4 Gold, 1 Silver, 2 Bronze (total 7) |
| Notable Olympic Games | Rio 2016, Tokyo 2020, Paris 2024 (upcoming) |
| Olympic Medal Earnings | $147,500 total: $37,500 per gold, $22,500 per silver, $15,000 per bronze |
| Competition Earnings | Includes prize money, World Championships, U.S. Classic, and other tournaments |
| Net Worth (2026) | $25 million |
| Annual Earnings | ~$5 million (from endorsements and sponsorships) |
| Major Sponsorships | Nike (former), Athleta, Visa, Uni |
How Did Simone Biles Get Her Start?
Simone Biles’ journey to gymnastics stardom began in an unconventional way. Born 1997 in Columbus, Ohio, she spent part of her early life in foster care before being adopted by her maternal grandparents. This stable environment allowed her to focus on gymnastics from a young age.
Biles started as a level 8 gymnast, a stage in U.S. gymnastics where athletes begin competing seriously at regional and national events. Her exceptional talent was evident early; she quickly advanced through the ranks, competing in local competitions like the U.S. Classic and national qualifiers. By age 14, Biles was already training rigorously for World Championships level competitions.
Her breakout came when she won her first all-around gold at a major international event, signaling her arrival on the global gymnastics stage. This early success laid the foundation for her later achievements, including her eventual accumulation of seven Olympic medals and numerous gold medals across multiple international tournaments.
What is Simone Biles’s Net Worth in 2026?
As of 2026, Simone Biles’ net worth is estimated at $25 million, reflecting both her athletic achievements and savvy business decisions. Her wealth stems from a combination of competition earnings, sponsorships, and strategic partnerships with global brands.
Biles’ fortune is notable not only for its size but for how it reflects her broader impact on the sport. Unlike many athletes who rely solely on prize money, Biles diversified her income through endorsement deals with companies like Athleta, Visa, United Airlines, MasterClass, and Uber Eats. These deals have allowed her to earn approximately $5 million annually, while her cumulative earnings from gymnastics competitions and medals contribute significantly to her overall wealth.
This figure also positions her among the richest gymnasts in history, surpassing her peers and establishing her as a trailblazer in both sports and personal brand management.
Does Simone Biles Have a Salary?
While gymnastics is not a sport typically associated with traditional salaries, Biles receives a combination of payments from sponsorship deals, appearance fees, and occasional speaking engagements.
Her estimated annual income of $5 million includes both active competition earnings and passive income from her partnerships. This setup allows her to focus on training, mental health, and career planning without financial stress.
Many gymnasts rely solely on competition prize money, but Biles’ proactive approach to securing long-term deals ensures stability. Her strategic collaborations, including MasterClass and corporate endorsements, are structured to maintain income even during periods away from competitions.
How Much Did Simone Biles Make Competing in the Olympics?
Biles’ Olympic career has been extraordinarily lucrative. The Rio Olympics in 2016, where she won four gold medals and one bronze, earned her a total of $147,500 in medal earnings. This includes $37,500 for each gold medal, $22,500 for silver, and $15,000 for bronze.
At the Tokyo Olympic Games, Biles won multiple medals before her well-publicized withdrawal, prioritizing mental health over competition. Although she did not earn as much in medal bonuses at Tokyo, her Olympic legacy further elevated her marketability for sponsorships and brand partnerships.
Her participation in competitions like the 2024 Paris Games continues to contribute to her income through prize money and increased visibility, reinforcing her status as the most decorated American gymnast.
How Much Does Simone Biles Make in Endorsements?
Endorsements form a significant portion of Biles’ income. She has worked with major brands including Nike, Athleta, Visa, United Airlines, MasterClass, and Uber Eats, generating millions in earnings.
In 2022, her endorsement deals alone reportedly earned her $10 million, highlighting the power of her global brand. These partnerships are not just financial—they also allow her to advocate for athletes’ rights, mental health awareness, and women’s empowerment.
Biles’ ability to secure deals with both sportswear brands like Athleta and corporate giants like Visa underscores her marketability beyond gymnastics. Sponsorships like these are crucial for sustaining her fortune over the long term, especially during periods when she is not competing.
Is Simone Biles Sponsored by Nike?
Yes, Biles was sponsored by Nike for a significant portion of her career. Nike’s endorsement provided her with both financial support and visibility, helping her grow her brand globally.
However, in recent years, Biles publicly quit Nike, citing concerns over athlete treatment and contract restrictions. This move sparked widespread conversation in the sports industry about ethical sponsorship practices.
Despite leaving Nike, Biles continues to thrive with partnerships with Athleta, Visa, United Airlines, and Uber Eats, proving her influence extends beyond a single brand and that her marketability is rooted in her achievements and reputation.
Why Did Simone Biles Quit Nike?
Biles’ decision to leave Nike was motivated by both personal and professional considerations. She emphasized that her mental and physical health needed to take priority, and certain contract terms with Nike limited her ability to pursue other opportunities and advocate for athletes.
By transitioning away from Nike, Biles gained autonomy over her career and secured partnerships aligned with her values, including Athleta and MasterClass. This shift also allowed her to maintain her endorsement deals while emphasizing empowerment, transparency, and athlete well-being.
Is Simone Biles the Richest Gymnast?
With a net worth of $25 million, Biles is considered the richest gymnast in history. Her wealth is derived from a blend of Olympic and competition earnings, endorsement deals, sponsorships, and strategic investments.
Unlike many gymnasts who rely solely on medals and prize money, Biles leveraged her global recognition and marketability. Her career achievements—including seven Olympic medals, multiple gold medals at the World Championships, and her status as the most decorated American gymnast—bolster her value to brands and investors alike.
| Gymnast | Net Worth (2026) | Olympic Medals | Notable Endorsements |
| Simone Biles | $25 million | 7 | Nike (former), Athleta, Visa, MasterClass, Uber Eats |
| Gabby Douglas | $6 million | 5 | Various brand deals |
| Nastia Liukin | $4 million | 5 | Limited brand endorsements |
This table illustrates the relative scale of Biles’ earnings and reinforces her position as the wealthiest gymnast globally.
Simone Biles Taking a ‘Break’ From Gymnastics: ‘I Still Absolutely Love the Sport’
Even as Biles takes a temporary hiatus from competitive gymnastics, she emphasizes her enduring passion for the sport. The decision to step back, including the Tokyo Games withdrawal, was motivated by prioritizing mental health while maintaining physical wellness.
During this period, Biles continues to capitalize on her brand through endorsements, public appearances, and speaking engagements. She remains actively involved in gymnastics communities and mentoring, demonstrating that financial stability allows her to choose when and how she competes without pressure.
Her transparency regarding mental and physical health has inspired athletes globally, highlighting that career longevity and personal well-being are as crucial as medals and earnings.
Conclusion
Simone Biles’ journey from a challenging childhood to becoming the most decorated American gymnast is a testament to talent, perseverance, and strategic financial management. By 2026, her net worth of $25 million reflects not just Olympic medals or prize money, but also endorsement deals, sponsorships, and smart career decisions.
From early competitions as a level 8 gymnast to her Olympic triumphs, her story illustrates the synergy between athletic excellence and brand-building. Biles’ ability to navigate corporate partnerships, advocate for athlete well-being, and maintain focus on mental and physical health ensures her legacy will endure, both in gymnastics and in the world of professional sports business.
Grayson Pike is a pop culture enthusiast and entertainment writer with a sharp eye for celebrity trends. He explores Hollywood stories, interviews, and behind-the-scenes insights, delivering engaging content with a unique voice. Grayson combines curiosity and expertise to keep readers informed and entertained in the fast-paced world of fame.
