Simone Biles is among the highest-paid women in sports — here's how the Olympic gymnastics icon makes and spends her money
- Oops!Something went wrong.Please try again later.
American gymnastics superstar Simone Biles is widely considered to be the greatest athlete ever to compete in her sport, and she's setting records outside of the gym, too; the Spring, Texas, native is the only gymnast to rank among the highest-paid women athletes in more than a decade, per Forbes.
The seven-time Olympic medalist and 25-time medalist at World Championships has earned six figures from her abundance of shiny hardware, but the vast majority of Biles' wealth comes from her wide array of sponsorships.
The 25-year-old has splurged on real estate, luxury vacations, clothing, and spoiling her French Bulldogs, Lilo and Rambo.
Here's how Biles makes and spends the money she's accumulated over her illustrious gymnastics career:
Simone Biles is widely considered the greatest gymnast of all time.
Many argue that she's the greatest athlete alive today.
She can pull off gravity-defying stunts that other elite gymnasts wouldn't dare to attempt.
Simone Biles nailed a vault so dangerous that no woman had ever tried it in competition before her
And with seven total Olympic medals and 19 World Championship golds to her name, Biles undoubtedly has a legitimate claim to the "GOAT" title.
Unsurprisingly, her unparalleled success in the gym has resulted in significant financial gain.
She's made six figures from Olympic medal bonuses alone.
At the 2016 Olympics in Rio, Biles earned five medals: four golds and a bronze.
She earned $25,000 for each gold medal and another $10,000 for the bronze.
Source: Forbes
And five years later, at the postponed 2020 games in Tokyo, she took home another $37,500 for winning silver and bronze medals.
Source: CNBC
That makes $147,500 total across both Olympic Games, for those counting.
But those medal bonuses are just a fraction of Biles' total earnings.
The 25-year-old earns the vast majority of her money through endorsement deals, like this campaign with Uber Eats.
She's worked with brands like Beats by Dre, Core Power Fitness Shakes, Hershey's, MasterClass, Mattress Firm, United Airlines, Visa, Subway, and more.
Biles has her own line of leotards with GK Elite.
And she ditched Nike to become one of the faces of Athleta, the athleisure brand that's a GAP subsidiary.
Plus, after the Tokyo Olympics, Biles headlined a cross-country "Gold Over America Tour" that grossed $19.3 million.
Source: Billboard
Altogether, Biles' earnings have made her one of the highest-paid women in sports.
Source: Sportico
Forbes estimates that she made $10.1 million over 2021.
Source: Forbes
Coming in at fourth among female athletes on the outlet's annual rankings, Biles became the first gymnast on the highest-paid list in well over a decade.
Source: Forbes
And even though she's publicly admitted that she's frugal out of "fear of going broke," Biles has used some of that money to treat herself and those around her.
Source: UNINTERRUPTED
One of her biggest purchases was a house of her own in her hometown of Spring, Texas.
Biles reportedly spent around $750,000 for the four-bedroom, three-and-a-half-bathroom property.
And she drives an array of luxury cars, like this Range Rover.
She also has an Evoque convertible from the same brand that retailed for north of $50,000.
Source: Car Buzz
And her matte black Mercedes G-Wagon retails for more than $175,000.
When she's not busy training or competing, Biles spends time spoiling her French Bulldogs: Lilo and Rambo.
They often sport luxury clothing and accessories in their Instagram posts.
Biles also enjoys vacationing during her time off.
She appears to enjoy flying private.
And sometimes she takes off on a helicopter.
Her Instagram features a collection of photos from various tropical locations.
It appears the Caribbean is her happy place.
But in recent years, she's had a big incentive to stay close to home in Texas.
Her fiancé, Jonathan Owens, is a safety for the Houston Texans.
And she's his biggest supporter.
Even when the Texans hit the road, there's a good chance Biles has traveled to watch her soon-to-be husband play.
Biles and Owens got engaged in February 2022.
And her ring may have cost as much as $100,000.
Simone Biles shared the first photos of her stunning engagement ring, which could have cost $100,000
The pair plan to tie the knot at some point in 2023.
Now check out the story of how their love came to be:
Simone Biles and Jonathan Owens are engaged after nearly 2 years together. Here's a timeline of their relationship.
Read the original article on Insider
