Simone Biles and Jonathan Owens may boast a combined net worth of $27 million, but the lion’s share of this wealth belongs to the Olympic champion.
Biles, hailed as one of the greatest gymnasts ever, has earned her fortune through an illustrious career that includes 11 Olympic medals and 30 World Championship medals. At just 27, she is already the most decorated gymnast in history. Since turning pro in 2015, Biles has reaped significant financial rewards, amassing a net worth of $25 million, according to Celebrity Net Worth.
In addition to being one of the highest-paid Olympic athletes globally, Biles also earns substantial income from endorsements and sponsorships. Ahead of the postponed 2020 games, the seven-time Olympic gold medalist was the most-endorsed U.S. athlete, pulling in an estimated $20 million from various deals.
As a highly-decorated famous gymnast, Biles’ image and name carry significant value in the advertising world. Forbes estimated in 2021 that she earns at least $5 million annually in endorsements, which constitutes the bulk of her yearly income.
In 2022, Forbes reported that Biles made roughly $10 million, while in 2023, that figure dipped slightly to $7.1 million. Despite this, she remains one of the highest-paid female athletes worldwide, reports the Irish Star.
U.S. Olympic medalists are awarded $37,500 for gold, $22,500 for silver, and $15,000 for bronze. With her seven golds, two silvers, and two bronzes from the Olympics, Biles would have pocketed $337,500 just from her victories, a fraction of what she earns from endorsements.
