Simone Biles Net Worth: How Much Properties Does She Own?

On March 14, 1997, Simone Arianne Biles was born in Columbus, Ohio. Throughout her childhood, Simone and her three siblings were frequently in and out of foster care. Biles’ grandmother began to actively participate in her development in 2000, and during this time she was living in the Houston, Texas, suburbs.

Given that her mother is Belizean, Simone, who was raised in a Catholic environment, retained strong ties to Belize throughout her childhood. She continues to be a citizen of Belize.

Simone Biles Net Worth

American artistic gymnast Simone Biles has a fortune of $16 million. With 32 medals in all, including Olympic and World Championship medals, Simone is the most decorated American gymnast of all time. One of the gymnasts with the most awards in gymnastics history is Simone. Simone Biles is regarded by many as the best gymnast of all time.

Simone Biles Net Worth: How Much Properties Does She Own?

She achieved some of her most illustrious feats during the 2016 Summer Olympics. She participated in those competitions as a member of the US squad known as the “Final Five.” Simone earned individual gold medals on floor, vault, and all-around at these competitions. She took home two gold medals for the US team in addition to a bronze on the balancing beam.

Due to a COVID delay, the 2020 Summer Olympics in Tokyo were delayed to 2021, and Simone battled there, winning a bronze on balance beam and a silver with the team. After experiencing “the twisties,” which is when a gymnast momentarily loses awareness of their air balance, she withdrew to some extent from the competition.

Simone was undoubtedly the US athlete that received the most endorsements in the years leading up to the 2020 Olympics (both before and after the postponement). In the years leading up to the games and through contracts that extend into the future, she earned an estimated $20 million.

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Endorsements of Simone Biles

Over the years, Simone Biles has added a variety of corporate endorsements to her gymnastics income. She made a memorable appearance in a Tide commercial with several other gymnasts prior to the 2016 Summer Olympics.

She committed to a lengthy, exclusive contract with Nike in 2015. In the same year, she also agreed to work with GK Elite Sportswear to create a collection of leotards for Simone Biles.

Simone and the other members of the “Final Five” team were featured on the front of a limited-edition Wheaties box in August 2016.

Simone was the highest-paid Olympic athlete in terms of endorsements prior to and during the 2020 Games. From 2019 through 2021, she received at least $20 million in endorsement payments.

Three months before the 2020 Olympics, in April 2021, Simone made the historic announcement that she was leaving Nike and joining Athleta. The agreement included a promise from Athleta to plan a national demonstration for Simone following the Olympics, directly competing with one customarily put on by U.S.A. Gymnastics. A range of activewear will also be created by Simone and Athleta.

According to reports, Simeone left Nike because she no longer believed that the business shared her ideals. She was particularly concerned about the history of scandals, employee grievances, and other difficulties that had beset the main sportswear firm in recent years, namely Nike.

Simone Biles’ Real Estate

Biles revealed on social media in 2020 that she had bought a new house and shared a few images of it. Although images of her new home showed tile flooring and other decorations, there were few details published about it despite the fact that it was obviously large and opulent.

Despite her well-known penchant for saving money, it appears that Simone was willing to make a wise investment in real estate. The house, according to property records, cost less than $750,000.

In 2023, Simone made the announcement that she and Jonathan Owens, her future husband, would be starting construction on a new house.

Biles made the decision to sell her childhood home in Houston, Texas, back in 2017. The house, which has a total square footage of 3,711 feet, went on the market for $289,000 dollars. The HAR listing states that the house went for between $250,001 to $285,000.

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