Simonebiles, Olympics, Simone Biles

Simonebiles, Olympics

Simone Biles’ Is the World’s Most Decorated Gymnast—& Her Net Worth Is Just as Impressive

She's about to make even more money at the Olympics!

7/25/2021 10:30:00 PM

Let's just say SimoneBiles is earning gold on AND off of the mat 👀 olympics

She's about to make even more money at the Olympics !

As of 2021, Biles has a whopping five Olympic medals—including four gold medals and one not-too-shabby bronze medal—and dozens of worldwide titles under her belt. Needless to say, Biles isn’t putting in all the work to be the G.O.A.T. for free! As the most decorated gymnast in the world, Biles earns a generous salary from her time representing the U.S.A. in the Olympic games, along with endorsement and sponsorship deals.

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“Representation matters, and we want to inspire the next generation to pursue their passion,” Biles told Health in 2021. “Kids can come in and we will be training in the back, and they can see we are just like them. It helps them understand they can do it too.” As for her advice for younger athletes, Biles told the site, “To not be so stubborn and to be a little bit happier-to know that it’s not over just because something happens in one day. You can keep pushing.”

Below, we’re getting into just how much all of this impacts Simone Biles’ net worth. Just keep on reading to find out!How much does Simone Biles make from the Olympics? If you thought Simone Biles’ winning record was impressive, just wait until you hear how much she stands to make during the Tokyo Olympics. According to USA Today, U.S. Olympians are expected to “earn $37,500 for each gold medal they win this year, $22,500 for each silver, and $15,000 for each bronze. In team sports, each team member splits the pot evenly.” But when it comes to individual rounds, those players get the whole prize pot for themselves.

These numbers were the same during the 2018 Winter Olympics, and reportedly marked a 50 percent increase from the 2016 Olympic games where Biles last competed. Altogether, this means Biles earned an estimated $82,500 to $100,000 in Rio. In 2021, a similar winning streak could earn her a minimum of $165,000 in Tokyo, according to Cosmopolitan.

'Courage to Soar' by Simone Biles $10.79 Buy Now Image: Zondervan.What is Simone Biles’ yearly salary? The Olympian makes an estimated $316,000 per year, according to Players Bio. But Biles’ salary isn’t just made up of her gymnastics income. This salary also includes a wide range of endorsements throughout the years, such as her famous partnership with Tide prior to the 2016 Olympics and her deals with brands like Beats by Dre, Uber Eats and more. “I’m very picky about the brands I work with,” she told Health in 2019. “Instead of just creating a product, they have to connect with a wider community and have an impact.”

What is Simone Biles’ net worth in 2021? According to Celebrity Net Worth, Simone Biles’ net worth is an estimated $6 million. This figure, however, was last updated in 2020, so it’s very likely that the Olympian is already richer than we know! Read more: STYLECASTER »

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Watch: Simone Biles Has Rough First Day (For Her) At The Tokyo OlympicsThe four-time gold medalist had some miscues in qualifying but the end result was familiar. She is in my opinion one of the greatest to ever represent America. Whoever wrote and used this picture for clickbait is bitter disgusting 🗑 Years ago when they set the size of that mat they didn’t imagine a gymnast with Biles’ ability. Her strength propels her beyond what was ever expected. Those who set the norms (in this case, the mat size) need to catch up — if they can!

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Simone Biles' Tokyo Olympics off to shaky start but golds still in reachBiles' passage to two finals looked—at times—in serious jeopardy, as she continues her bid to become the most decorated female Olympic gymnast of all time. Let's give her some slack & emotional support... it can't be easy. What is up with this effin photo? Y’all just can’t help yourselves from being the worst. Cocky US team overly confident then come out flat. Seen it many many times

Simone Biles Will Compete For 6 More Olympic Medals in Tokyo — Here's When to WatchHere's when and how to watch Simone Biles compete at the 2021 Olympics in Tokyo, where she could win a total of six team and individual medals.