Simone Biles' Net Worth More Than Doubled In The Past Year

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 that President Joe Biden awarded her yesterday.

At 25, Simone is the youngest person to ever receive this prestigious award, which she won thanks to her efforts advocating for sexual assault survivors and busting mental health stigma. “Today, she adds to her medal count,” President Biden said on Thursday, per Yahoo! Sports. “I don’t know how you’re going to find room."

It's clear that Simone is no stranger to success and everything that comes with it.

But how much is all that really worth? 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 is now.

Let’s just say this: She’s not hurting for money. Here’s how Simone rakes in the dough.

Simone has earned a little money from her Olympic medals.

Let’s break it all down, shall we? 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 PopSugar.

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

But Simone really makes money through endorsement deals.

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 with Jonathan Van Ness), it’s safe to say she’s doing OK RN.

Collectively, Simone makes at least $5 million annually in endorsements, according to Forbes. That sum puts her ahead of plenty of other famous athletes, such as Katie Ledecky who makes $3 million, and Sue Bird trailing with $1 million in annual endorsements.

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:

This one for Core Power:

And this one for Athleta:

She bought a house in 2020.

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!

The house itself cost less than $750,000, according to property records, per the NY Post.

Simone lives there with her fiancé, Jonathan Owens, an NFL football player, and his English Bulldog named Zeus.

Her engagement ring is worth an estimated $300K.

Yup, her rock is worth a LOT.

This past February, the famous Olympian and Houston Texans Safety 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?

The athlete is estimated to have a net worth of around $5 million, according to Life And Style.

In 2020, Jonathan signed a two-year contract with his current football team, the Houston Texans, which was valued at $1,390,00. However, in 2021, his average annual base salary was reported to be $780,000, according to Sportrac. The site expects him to earn $895,000 in 2022.

So, what is Simone Biles’ net worth?

Simone is worth $16 million (up from $6 million last year!), according to Celebrity Net Worth. But again, that number could grow even more with all of the success Simone seeks out.

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