Simone Biles’ net worth has been a hot topic in the sports world after the USA gymnastics star bagged gold in the team event of the 2024 Paris Olympics.
With the gold medal victory, Biles and her teammates will each earn $37,500 from the U.S. Olympic committee. Considering the massive bonus they are about to get, fans couldn’t help but wonder how much the 27-year-old Biles is actually making as the most popular gymnast in the world.
According to Forbes, Biles made $7.1 million in 2023, making her the only gymnast to be listed among last year’s top 20 highest-paid female athletes.
Biles’ net worth is reportedly $16 million, having earned an estimated $20 million through endorsement deals throughout her gymnastics career. Her endorsement deals include Coca-Cola, Gap, General Mills, United Airlines, and Visa.The Ohio native entered the 2024 Paris Olympics as one of the most established stars in the international games, and she added to an already historic resume in Paris.
Biles helped lead the United States to victory over Italy and Brazil on July 30. The USA gymnastics squad earned 171.296 points, holding a strong lead over Italy, who won silver with 165.494 points.
She has now cemented her name as the most decorated U.S. gymnast in Olympic history, surpassing United States legend Shannon Miller, who secured seven medals between the 1992 Barcelona and 1996 Atlanta Games.
Following the team competition, Biles will prepare for the all-around event on Thursday, Aug. 1.