How Much Has Simone Biles’ Net Worth Risen From 2020 to 2021?

Published 12/28/2021, 11:32 AM EST
USA’s Simone Biles in the Women’s Beam Final at Ariake Gymnastic Centre on the eleventh day of the Tokyo 2020 Olympic Games in Japan. Picture date: Tuesday August 3, 2021. (Photo by Mike Egerton/PA Images via Getty Images)


Simone Biles is regarded as the GOAT of gymnastics. In a short-lived career so far, she has a combined total of 32 Olympic and World Championship medals. Despite her age, her legacy in the sport is unmatched. Courtesy of that incredible medal tally, it is natural that she is a fan-favorite, which adds to her marketability, helping her boast of a high net worth. Yet, one might need help to process the recent rise in numbers for Biles.

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With different endorsement deals and other earnings through sponsorships, Biles today might just be the highest-paid female gymnast in the sport. However, her net worth has been fluctuating between 2020 and 2021.

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Simone Biles’ Net Worth

Astonishing performances in her two Olympic appearances increased her net worth to an all-time high. Her net worth back in 2020 was $6 million. Later, she signed a number of deals with different companies like Athleta, Beats by Dre, Candid Dental, and other prestigious companies. Hence, her net worth now has risen to $16 million.

RIO DE JANEIRO, BRAZIL – AUGUST 16: Simone Biles of the United States competes during the Women’s Floor Final at Rio Olympic Arena on August 16, 2016 in Rio de Janeiro, Brazil. (Photo by Ian MacNicol/Getty Images)

The sensational gymnast had gained worldwide attention after her withdrawal from the 2020 Tokyo Olympics team gymnastics competition. She was lauded for her decision as she became a glaring influence for many across the globe.

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Biles’ important endorsements

Like every athlete, she signed many deals with different companies, which took her net worth to another level. Some of the companies she signed with are United Airlines, The Hershey Company, Procter & Gamble, Mattress Firm, Spieth America, Visa, Oreo, UberEATS, MasterClass, and Facebook Watch. With such deals signed, she took her net worth from $6 million to $16 million in a year’s time.

USA’s Simone Biles in the Women’s Balance Beam Final at Ariake Gymnastic Centre on the eleventh day of the Tokyo 2020 Olympic Games in Japan. Picture date: Tuesday August 3, 2021. (Photo by Mike Egerton/PA Images via Getty Images)

However, Biles ended her partnership with Nike following one too many controversies. Regardless, she maintains quite the presence in the market, despite being away from the sport right now.

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Jacob Gijy

808 articles

Jacob Gijy is a US Sports and NBA writer at EssentiallySports. Gijy finished his Masters in Counselling Psychology and worked in a hospital for 2 years before his passion for sports compelled him to find his way to sports journalism. A fan of the great Tim Duncan, he is always ready to pick up a debate with anyone who does not offer the center the respect he deserves.

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