Simone Biles is the most decorated gymnast in history, as the pint-sized Team USA competitor has earned 32 total medals in gymnastics at the Olympics and the World Championships.
She isn't just the most decorated of all time. She's among the richest as well.
Biles has been a superstar in the sport for the better part of a decade. She has five skills named after her and has pushed the limits of the sport, becoming the first-ever woman to land a Yurchenko double pike on the vault.That has made her not only a winner but the target of many companies' endorsement deals.
Just how much has Simone Biles made during her lifetime? Here's what to know about her net worth, career earnings and endorsement deals as she participates in her third Olympics in 2024.
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Simone Biles net worth, career earnings
Biles has an estimated net worth of $20 million, per Celebrity Net Worth. That estimate has risen since April 2024, when the site projected her net worth at $16 million.
Pinning down Biles' exact career earnings total is difficult, but Forbes estimated that she earned $100,000 from competition in 2023. That means most of her net worth stems from endorsement deals, which Forbes valued at $7 million in 2023.
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Simone Biles endorsement deals
Biles landed lucrative endorsement deals early during her gymnastics career. She signed one of her most important deals with Nike in 2015, and she released a line of Simone Biles leotards with GK Elite Sportswear that same year.
Before the 2016 Olympics — her first as part of the U.S. women's gymnastics team — the 4-8 Olympian appeared in a commercial promoting "small" and "powerful" Tide Pods.
After winning gold medals in the team competition, all-around, vault and floor exercises in 2016, Biles signed deals with several other companies, among them:
- United Airlines
- The Hershey Company
- Procter & Gamble
- Mattress Firm
- Beats by Dre
- Visa
- Oreo
- Uber Eats
- MasterClass
- Facebook Watch
Biles also eventually dropped Nike as a sponsor to join Athleta, a women's athletic apparel company focused owned by Gap. She is among the brand's most notable sponsors, along with Katie Ledecky, Heather O'Reilly and Jessica Mendoza.
As mentioned, it's estimated that Biles earned $7 million in endorsement deals in 2023, per Forbes. A strong performance at the 2024 Olympics could allow her to improve upon that figure significantly once the Paris Games are over.
MORE: Meet the full Team USA gymnastics roster for Paris 2024
How much are athletes paid for winning Olympic medals?
Biles can also pad her career earnings and net worth by taking home some gold medals at the 2024 Olympics. The U.S. Olympic & Paralympic Committee offers "Operation Gold" payments to athletes who take home medals, per CNBC.
Here's a breakdown of what U.S. athletes were compensated for each type of medal at the 2021 Tokyo Olympics.
| Medal type | Payout |
| Gold | $37,500 |
| Silver | $22,500 |
| Bronze | $15,000 |
Athletes are compensated for each medal they win. As such, Biles would take home $75,000 if she won two gold medals.
Thus, if she sweeps all the events in women's gymnastics during the Summer Games, she would make $225,000.
