All Latest ES ThinkTank Newsletter Hub NFL Golf NBA College Basketball NASCAR WNBA Tennis Boxing Olympics UFC Swimming MLB Track and Field Gymnastics Soccer College Football

“Just Tell Me if I Am Broke”- Millionaire Simone Biles Revealed Her Flaw in Managing Finances

ByIshani Yadav

Jul 17, 2022 | 9:15 AM EDT

Link Copied!

GOAT Olympic gymnast, Simone Biles, began earning respect and fame very young. Being one of the best athletes in the US, she has earned so many medals. But in an episode of Kneading Dough with the host, Maverick Carter, she revealed how she feared going broke.

Article continues below this ad

Simone said how she loves spending her wealth on the necessary things.

Article continues below this ad

But, during the interview, when Maverick asked her how she coped with other athletes who used to earn at a very little age.

Simone replied, “It’s a different language for me completely, like if I started speaking gymnastics to you, you would have no idea. So when people speak money to me, I am like, tell me if I am broke or not.”

After this, Carter asked Simone when was the first time she earned a money prize? Simone replied that she earned her first big amount when she was 12. She told Carter that the first thing she did with the check was the down payment of her new home.

How much wealth does Simone Biles own?

Simone Biles says that the fear of going broke one day makes her go days without spending money. She uses the money for necessities or her occasional trips to Subway. Simone had many brand endorsement deals in the past, from Nike to Hershey’s.Read More: “I Have a Fear of Going Broke”- 16 Million Dollar Worth Simone Biles Is Not a Big Time Spender Simone also left Nike to join the brand endorsement deal with Athleta. But Simone only loves to spend money when she wins big games like world championships. According to Forbes, Simone is the fourth highest paid athlete in the female category.

Simone’s Net Worth

In detail, Biles has around $16 million net worth in total. Although Biles still has time to invest in real estate, she did buy a new house in 2020, per Celebrity Net Worth. She posted about it on social media and displayed some photos of herself posing in front of the outside.

Besides, Simone showed a sizable pool and what appears to be a roomy location, but not much else was known. In 2017, Biles marketed the Houston home she grew up in for $289,000.Watch This Story: Simone Biles, Arnold Schwarzenegger, and Michael Phelps Net Worth Comparison 2022 Whos WealthierNowadays, Simone is in the headlines for her engagement to the Houston Texans football safety, Jonathan Owens. Although the couple will soon get married, Simone will be seen walking down the aisle. The date of the wedding is still not revealed by the couple.

Article continues below this ad