Simone Biles has become the face of modern gymnastics and sportsmanship after a career paved by determination and self-awareness.
Biles has changed the way many young athletes express their love and devotion to sports, helping newer generations of athletes understand that there’s more to sports than constantly pushing yourself beyond your limits.
This young star has proven that she is also a talented spokeswoman who has changed the way athletes look at their brand deals.
What Is Simone Biles’s Net Worth?
Simone Biles has a net worth of $16 million, most of which she has earned as a gymnast and spokeswoman for many different companies.
Biles is the most decorated gymnast in gymnastics history and many consider her to be the best gymnast to have ever existed.
Despite being born into unfortunate circumstances, Biles has proven to the world that determination and ambition can completely change the trajectory of your life.
Biles was born on March 14th of 1997 in Ohio to her mother who suffered from a substance addiction, which resulted in Biles and her three younger siblings living in and out of foster care for years.
By 2000, Biles was adopted by her grandmother and sent across the country to Houston, Texas.
While living with her grandmother in the suburbs, Biles was raised in a Catholic household and stayed true to the Belizean heritage that she shared with her mother.
From an early age, Biles had a strong passion for gymnastics and knew she wanted to be a professional gymnast.
Her grandmother recognized her dedication and decided to homeschool young Biles to allow for more time to train.
Simone Biles had begun to train under famous gymnastics coach Aimee Boorman by the time she was eight years old.
When she was a freshman in high school, Biles received third place at the American Classic in Houston, Texas.
Only a year later, Biles would claim first place at the American Classic in Huntsville, Alabama.
That same year, she was named to the United States Junior National Team before going on to become an international star at the American Cup.
After being homeschooled through her secondary education, Biles was able to practice 33% more and had the skills necessary to train and compete as an Olympian before she even began attending university.
Becoming The Greatest Gymnast Of All Time
Simon Biles had a high school gymnastics career that took her further than most high school students ever have the opportunity to go, thanks to her passion for the sport and her grandmother’s support.
By 2014, Biles was impressing gymnastics enthusiasts from all over the country.
Despite injuring her shoulder earlier in the year, Biles was back in action in time to come back with the United States Classic in Chicago.
She amazed the judges and crowds with her routine for the Chicago competition and ended up winning by a tremendous margin.
Later in the year, she won a gold medal in the World Artistic Gymnastics Championships.
By 2015, Simone Biles claimed first place once again at the AT&T American Cup in Arlington, Texas.
This performance earned her the James E. Sullivan Award and was followed by her winning the City of Jesolo Trophy, the United States Classic, and the United States National Championship all in the same year.
Biles would go on to win the World Artistic Gymnastics Championship three times and have amassed 14 World Championship medals before the gymnastics star would go on to compete in the 2016 Olympics in Rio de Janeiro, Brazil.
At her first Olympics, Simone Biles brought home four gold medals for the team, all-around, vault, and floor categories.
She was also able to bring home a bronze medal for the balance beam category.
When Biles came back for the Olympic Games in Tokyo in 2020, which actually happened in 2021 due to the covid-19 pandemic, she was able to win a silver medal for the team category and another bronze medal for the balance beam.
It was during the Tokyo Olympics that Biles lost her aunt and had been feeling intense anxiety due to public pressure.
Biles now has the most gold medals of any female gymnast in the world.
Her Lucrative Brand Deals
Being one of the most decorated athletes in the history of gymnastics has its advantages, including becoming a popular spokesperson for any brand looking to show their consumers that they’re the preferred brand of champions.
Simone Biles has had a long list of sponsorships and brand deals with companies such as Procter & Gamble, Oreo, Spieth America, Visa, and even Facebook Watch.
Even when Biles decided she needed to step away from the competitive world of sports for her mental health, her sponsors were more than happy to support her and her mental wellness.
As the world was getting excited to watch the 2020 Olympics in Tokyo while being quarantined, United Airlines knew that they needed Biles as their spokesperson.
With the whole world under lockdown, United Airlines needed a campaign that would remind people how badly they wanted to travel the world after the lockdown was over.
The Hershey Company decided to add Simone Biles to their “Hello From Home” campaign, which followed Olympians and Paralympians as they trained for the 2016 Olympic Games in Rio.
The campaign focused on how Hershey’s chocolate gives those who eat it a sense of home.
Biles joined Draymond Green and Garbine Muguruza for the “A World Without Sports” campaign from Beats by Dre.
The campaign followed professional athletes as their careers were on pause, even if the training never stopped.
MasterClass had Biles join their online teaching platform, where she led a series of videos for those who are looking to improve their gymnastics abilities.
Although the classes are best suited for someone who at least has a basic understanding and experience with gymnastics, there is plenty for beginners to learn.
Biles teamed up with Queer Eye’s Jonathan Van Ness for an UberEats commercial line where “opposite” celebrities came together for food.
Taking A Break From The Competition
Simone Biles may be known as the best gymnast of the modern age, but she is also known for making the necessary decisions to keep her mental well-being intact.
During the Olympic Games in Tokyo, the pressure of being the best took such a strong hold over Biles that she ended up not competing in all of the Olympic categories she was supposed to perform in.
Fans had noticed that something was off with the 24-year-old Biles when she was stumbling her way through the qualification rounds for the Olympics, but most people chalked her abnormal performance up to years of sports-related injuries.
However, the qualification rounds only proved to be a taste of what was to come for Biles.
During the final round of team gymnastics, Biles and the United States Olympic team was going against the competitive Russian Olympic team.
In order to win, the United States Olympic gymnastics team was relying on Biles to perform multiple twists on an Amanar vault perfectly.
As her time came closer and closer to performing the routine, the stress began to boil and Biles was filled with self-doubt about being able to maintain the proper amount of air between all the twists she was supposed to do and feared injury.
Biles had already been in a headspace filled with negativity before the Olympic games due to the depression caused by the death of her beloved aunt and the state that the world was in.
As a child adopted from the foster care system, family meant so much to the young gymnast and the loss of yet another family member had brought Biles to her knees.
Simone Biles doesn’t know when she’ll be returning to the world of competitive sports and plans to spend her newfound free time with family.
Turning Star Power To Market Power
Simone Biles has always been vocal about the causes that matter most to her, and she believes that it is important for celebrities and consumers alike to put their money where their mouths are.
Biles also knows that her talent, leadership skills, and devotion to social advocacy make her one of the most marketable athletes of all time.
Unlike many famous athletes, Biles has a rare talent for being able to wrangle and control her social image by driving the narrative in the real direction.
She has a sense of relatability and responsibility that few celebrities are able to grasp.
This sense of responsibility can be seen when looking at whom the Olympic star has chosen to keep as her sponsor.
Biles has proven that she has no problem walking away from a brand deal if the company isn’t willing to be ethical.
Nike first signed Simone Biles in 2015 as she was touring the country and winning nearly every competition she entered.
Bile would go on to be a spokesperson for Nike until reports came out about the negative work environment Nike has created for their female employees and athletes.
Many female former employees who worked at Nike’s headquarters in Beaverton, Oregon reported that they were treated horribly by male employees.
Nike also had clauses in their sponsorship contracts that punished sponsored athletes for becoming pregnant.
After the reports began building up, Simone Biles decided that she no longer wanted to represent the troublesome company and decided to take on a new sponsor that better matches her morals and didn’t treat their female employees poorly.
Nike was swapped out for the woman-owned Athleta, which also plans to allow Biles to design her own line of activewear.
Biles was joined by former Nike athlete and gold-medal Olympian Allyson Felix.
Investing In Real Estate
Simone Biles has been greatly shaped by the way she grew up and her fear of going broke.
Despite being worth millions, Biles lives a relatively frugal lifestyle, especially when compared to other famous athletes or young celebrities her age.
Biles knew that she didn’t want to spend all of her hard-earned money on temporary things and knew that she needed to make a secure investment.
By purchasing her own home, she would never again have to worry about whether or not she’d have a roof over her head.
In order to stay close to family, Biles decided to purchase a 4,000-square foot home in Houston, Texas.
According to property records, the home was purchased for less than $750,000 and was a steal when considering the home.
This property has 4 bedrooms, 3.5 bathrooms, a family room with a fireplace, a leisurely pool, a kitchen, and a dining room.
The stucco house was built in 2019 and features an open floor plan with a foyer, wood and tile floors, a three-car garage, and tray ceilings.
Biles even made sure to add a dog washing station for her famous french bulldogs Rambo and Lilo.
The one-acre property is located in a gated community and has plenty of space for enjoying the outdoors, including a small outdoor kitchen and dining area.
Her kitchen is filled with quartz countertops, high-end appliances, custom-made cabinets, and an oversized island.
Biles made sure to make her master bedroom luxurious by adding a double walk-in closet and a spa-like bathtub.
Simone Biles shares her new Texas home with her fiancé, Houston Texans player Jonathan Owens, and his English Bulldog Zeus.
The couple is able to enjoy the gated community’s private park and woods with their very pampered pups.
Marrying Football Star Jonathan Owens
With Simone Biles and Jonathan Owens’s wedding day quickly approaching, Biles has had no intention of hiding her excitement from the public.
The history that Owens and Biles have together has made their relationship stronger and healthier.
Early into their relationship, the couple felt a strong bond and knew they had found the right person to spend the rest of their lives with.
By August of 2020, Biles and Owens announced they were dating on Instagram.
Biles claims that she knew that she was going to marry Jonathan Owens only a day after meeting him and told her best friend right away.
By February of 2022, the happy couple announced their engagement, and their friends and loved ones poured out public support.
When Biles went looking for a dress for her special day, the celebrity athlete was able to find the perfect dress after trying on the first one.
Biles knew that she wanted more than one dress for her wedding day and decided to get a second dress, which was the eighth one she tried on.
Both dresses are from Galia Lahav, which is a celebrity favorite for wedding days.
Beyoncé wore a $10,300 Lahav dress for her vow renewal ceremony with Jay-Z in 2018, and Paris Hilton chose an off-the-shoulder, corseted dress for one of her six different wedding outfits.
Not only does Simone Biles have two wedding dresses, but she also has two engagement rings.
The first one was the one given to her by Jonathan Owens and is something that she values more than her gold medals, which is why she wears a secondary engagement ring when she is working out.
The second ring is from Casual Carats and comes built into a white, silicone band that helps keep the secondary ring safe as well.
Becoming Chief Impact Officer At Cerebral
After suffering from her own mental health crisis, Simone Biles has become the face of mental health and wellness among athletes and celebrities.
When she began to find healing through a monthly subscription service called Cerebral, she knew that she wanted to be a part of their mission.
Cerebral gives its users access to an ongoing and comprehensive online care and medication management program that helps those suffering from a variety of mental health problems, ranging from anxiety and depression to substance dependence and schizophrenia.
This company helps those who are suffering from mental health problems plan out their medication and therapy schedules.
They also provide mental health coaches who look to help improve your life through large and bite-sized goals, such as convincing you to try new things or even helping you make the next big life decision.
Cerebral even provides a service that helps users lead more nutritional lives or even lose weight.
The company is currently looking to expand its opioid addiction services across the United States, but it is only available on a state-by-state basis.
Simone Biles joined as Cerebral’s Chief Impact Officer in October of 2021 and has allowed the company to become an official sponsor of the star’s gymnastics tour Gold Over America Tour and the new gymnastics competition, the 2022 Biles Invitational.
What makes Cerebral so beneficial for those who are suffering from mental health problems is that they simplify the self-care process and allow their application to become a one-stop destination for all of their mental health needs.
With support from someone as successful as Biles, Cerebral hopes to help break the stigma around mental health in the athletic world.
In the United States, only 50% of people suffering from mental illness are receiving the help that they need.
Advocating For Those Who Need It Most
Simone Biles may be living the dream now, but she has never forgotten where she has come from and what she had to do to earn the life she has.
Now that she has stability in her life, Biles is able to help others who are going through some of the same things that she has experienced.
After Hurricane Harvey devastated Texas in 2017, Biles and her family immediately began working at their local flood distribution center by sorting donated clothing and other groceries for needy families.
Biles has also been very vocal on topics such as gender inequality, racism, and sexual abuse.
She has served as a major catalyst for the massive sexual assault case against former Olympic doctor Larry Nassar, announcing in 2018 that she was one of the hundreds of his victims.
In February of 2018, the popular Olympian appeared on CNN to give an op-ed that was all about the importance of creating more opportunities for children in the foster care system.
Although she was extremely young when she was put into foster care and adopted by her grandparents, being taken away from their parents is an extremely traumatizing experience for any child to have to go through.
Biles has even partnered with Mattress Firm Foster Kids, which is a donation-driven program that gives necessary items like clothing and school supplies to more than 610,000 foster kids and their families.
It was difficult for Biles to watch other foster children go in and out of the system with hardly any belongings to their name due to the way the foster system handles children and the lack of budget that the foster system has.
Simone Biles has never stopped changing the game, whether it was in the world of competitive sports, or in the ways that she believes the world needs to change.