Simone Biles Is Building A Massive House In Texas With Her Hubby RN
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Simone Biles is a living legend. The GOAT of gymnastics has earned the most medals of any gymnast ever, including the Presidential Medal of Freedom, and this week she finally headed back to the mat.
In 2021, Simone pulled out of the Tokyo Olympic games, citing mental health problems and risk of injury. The gymnastics star said she was suffering from the "twisties," a neurological issue that causes spatial disorientation—which, in gymnastics, causes one to lose control of their body.
But now, Mrs. Simone Biles Owens is back and better than ever (with a ring on her finger)! Simone performed at the U.S. Classic over the weekend—her first entry since pulling out of the Olympics. Of course, the more than two years away didn't phase her—the gold medalist won the entire competition.
Simone is undoubtedly the greatest gymnast alive right now. With her seven Olympic medals and her many, many accomplishments raising awareness for social issues, it’s hard not to wonder what Simone Biles’ net worth.
How much does she earn as an Olympic athlete? Here’s how Simone rakes in the dough.
She doesn't earn as much at the Olympics as you'd think.
Let’s break it all down. Simone has seven Olympic medals. She earned four gold medals and one bronze from the 2016 Rio games, and brought home silver and bronze medals from the Tokyo Olympics in 2021, according to the Olympics.
American Olympians get a little cash for bringing home the gold (and silver, and bronze). Here’s a breakdown of the numbers in 2022, per Forbes:
$37,500 for each gold medal
$22,500 for each silver medal
$15,000 for each bronze medal
And for the 2016 Rio games, per Forbes:
$25,000 for each gold medal
$15,000 for each silver medal
$10,000 for each bronze medal
The Olympics does cover food and travel to the games, but Simone has only walked away with about $147,500 from her winnings alone.
But Simone really makes money through endorsement deals.
As of 2021, Simone was making at least $5 million annually in endorsements, according to Forbes. That sum put her ahead of plenty of other famous athletes, such as Katie Ledecky who was making $3 million, and Sue Bird, who trailed with $1 million in annual endorsements. Simone has some solid endorsement deals under her belt. Here’s a breakdown of some, not all (!), of the biggies she’s affiliated with:
Details of her contracts haven’t been made public but, with her ads running regularly (including the hilarious Uber Eats ones from 2020 with Jonathan Van Ness), it’s safe to say she’s made some good cash from these deals over the years.
In 2022, Forbes put Simone on their list of Highest-Paid Female Athletes, and estimated she raked in $10 million from off-field earnings.
Simone does social media spon-con, too.
Because of course—everyone does. Simone has 6.8 million followers on Instagram, and that’s an advertiser’s dream. She’s rolled out plenty of sponsored content, including this ad for Kellog’s Wheaties back in 2022:
This one for Core Power:
And this one for Athleta:
Simone also recently shared that she put out a collection of GK Gymnastics leotards at Target—which probably earns her a decent commission. Simone is an ambassador for GK Gymnastics and posts about the brand pretty regularly.
She left a sponsorship with Nike.
In 2021, Simone gave up a sponsorship deal with Nike and switched to Athleta just before the Tokyo Olympic games, per The New York Times. Her sponsorship deal also undercut USA Gymnastics, who had a deal with Nike. “I think they stand for everything that I stand for,” Simone said of Athleta at the time.
Nike had faced several scandals around the brand's treatment of women employees and sponsors when Simone made this decision. At the time, the gymnast said the organization "cannot be trusted," per the New York Times, for its failure to protect young female athletes from Larry Nassar. The former USA Gymnastics doctor was convicted of sexual abuse and sentenced to life in prison in 2017.
Simone also told the Wall Street Journal that her growth in athletic performance didn't align with the promotions by Nike, which also led her to leave the brand for Athleta.
She's got some nice real estate.
The gymnast purchased a 4,000-square-foot home near Houston, Texas in 2021, the NY Post reported. It has four bedrooms, three-and-a-half bathrooms, and a pool that Simone had installed after her purchase. Looks pretty beautiful to me!
Simone lives there with her husband, Jonathan Owens, an NFL football player, and his English Bulldog named Zeus. The house itself cost less than $750,000, according to property records, per the NY Post.
The star gymnast also broke ground on a new house earlier this year, which she has posted about on Instagram. Simone has given several updates on construction, and the house looks huge (game room, theater, and a bar?). Plus, it'll have a beautiful view of a lake, per The Daily Mail. It's unclear how much the land cost or what the couple is spending on their dream house, but I'd guess it's worth a lot of money.
Her engagement ring is worth an estimated $300K.
Yup, her rock is worth a LOT.
In February of 2022, the famous Olympian and NFL player got engaged. Jonathan Owens proposed with an eight-carat engagement ring, costing approximately $300,000, according to Us Magazine.
What is Jonathan Owens' net worth?
Simone's husband's net worth is a bit hard to decipher. Some sources say he's worth around $7 million, but others put him at around $50 million. Life And Style reports his net worth at around $5 million.
In 2020, Jonathan signed a two-year contract with his former football team, the Houston Texans, which was valued at $1.39 million. However, as of 2023, Jonathan signed a new, one year, $1.01 million contract with the Tampa Bay Packers, according to Sportrac.
So, what is Simone Biles’ net worth?
Simone is worth $16 million (up from $6 million last year!), according to Celebrity Net Worth. With her husband, that could put the couple's net worth at at least $20 million. Plus, that number could grow even more with all of the competitions and endorsement deals in the future for Simone. Either way, she's definitely a decorated athlete!
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