How Much Does American Gymnast Simone Biles Earn and What Is Her Net Worth and Prize Money?

Published 07/18/2021, 4:30 PM EDT
Simone Biles smiles at a teammate during the final day of women’s competition in the U.S. Olympic Team Trials for gymnastics in St. Louis, Missouri, U.S., June 27, 2021. Picture taken June 27, 2021. REUTERS/Lindsey Wasson


Simone Biles is the greatest gymnast in history and with that, she has won a lot of medals and honors. Given that she is a multiple-time Olympic champion, she has her net worth in the millions and has endorsement deals in place as well.

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Biles is net worth a whopping $6 million. She has her sponsors as well as the money from winning the Olympic medals from 2016. So from the 2016 Rio Olympics alone, she earned a handsome, $110,000. Olympians in the USA got paid $25,000 for a gold medal, $15,000 for the silver medal, and $10,000 for the bronze medal.

Simone Biles of the United States poses for photographs with her gold medal after the medal ceremony for the Artistic Gymnastics Women’s Team on Day 4 of the Rio 2016 Olympic Games at the Rio Olympic Arena on August 9, 2016 in Rio de Janeiro, Brazil. (Photo by Laurence Griffiths/Getty Images)

Simone Biles’ deal with Athleta

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Biles’ main sponsor is Athleta. The women’s apparel brand signed her in 2021 after she ditched Nike, thus following the footsteps of the legendary sprinter, Allyson Felix. With Athleta, Biles will be designing her own collection. Simone Biles has her own skincare brand, SK-II and her other endorsements include Hershey’s, Uber Eats, Candid Dental, Kellogg’s, Mattress Firm, and Beats by Dre.

“I felt like it wasn’t just about my achievements, it’s what I stood for and how they were going to help me use my voice and also be a voice for females and kids. I feel like they also support me, not just as an athlete, but just as an individual outside of the gym and the change that I want to create, which is so refreshing.” Simone Biles had said upon joining Athleta.

Simone Biles also has a home that she bought last year. It was valued at $289,000 and is in Houston, Texas, USA. Along with her five Olympic gold medals, Biles has 25 world championship medals, and that makes her one of the most decorated gymnasts in history. Now at the upcoming Tokyo Olympics 2020, the USA has increased the pay to $37,500 for the gold, $22,500 for the silver medal, and $15,000 for the bronze medal. And if going by the predictions, Biles is expected to dominate again and that could be very rewarding for her in terms of finance.

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Bhavishya Mittal

1226 articles

Bhavishya Mittal is a tennis author for EssentiallySports, who is currently pursuing his Bachelor's degree in Journalism from Manipal University. A former sports editor for The Manipal Journal, Bhavishya has also worked for The New Indian Express. He has a keen eye for many sports but he is a particularly ardent follower of tennis, with a zest to create riveting articles on the ever-evolving sport.

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