What is Simone Biles net worth?

How much is Olympic gymnast Simone Biles worth? Her net worth explained. 

Olympic gold medalist and GOAT gymnast Simone Biles has announced her return to competition, where the talks have been about how she will perform after her absence. We couldn’t help but notice there was an uptick in commercials with Biles being the centerpiece. Whether it was because she was out of competition, or because the media outlets wanted to feature her more, it had us thinking… how much money does Biles make?

How much does Simone Biles make in the 2021 Olympics?

Biles has been doing her thing since 2016, where she took home four gold medals and one bronze. She’s been raking in marketing deals, features in commercials, every opportunity you can think of that adds up to her total net worth.

Forbes notes that Biles makes more than some veteran Olympians such as Alex Morgan and Sue Bird. Bird sits at $1 million in endorsements, and Morgan tied with Biles at $5 million. For many, this may seem like a given, but not all Olympians close out with the same coin.

Simone Biles makes more than Sue Bird in endorsements

Some may get multi-million dollar contracts that supersede Biles’ by a long shot. Others may not even scrape the surface and rely solely on bringing home medals due to the fact that some countries provide pay outs for each medal won. This isn’t equal across the board, meaning many Olympians rely on endorsements and additional payouts to make ends meet. Sound familiar?

Luckily for Biles, she is one of many Olympians who can live comfortably off of numerous deals. But it goes to show how intertwined marketing and sport really are.

Biles will compete in the Olympics after having withdrawn for multiple events due to mental health issues.