Simone Biles is the most decorated gymnast in history with her eight Olympic medals and 30 World Championship medals. How much has she earned from that success?
A huge portion of Biles’ net worth comes from endorsements or brand deals rather than from her career earnings. While some Olympians can make tens of thousands of dollars from their success in a given Olympic Games, the salary for most Olympic athletes does not compare to that of the NFL or MLB.
So while Biles’ success in her sport hasn’t earned her an outstanding salary, it has earned her plenty of brand partnerships willing to pay in the millions of dollars.
Here’s how much Biles is worth, according to various sources:
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Simone Biles net worth
Celebritynetworth.com estimates that Biles’ net worth is $20 million.
The site also says that around the time of the 2020 Tokyo Games, “Biles was the highest-paid Olympic athlete in terms of endorsements.” It estimates that the gold medalist earned “at least” $20 million from brand deals between 2019 and 2021.
Simone Biles 2023 earnings
According to Forbes, Biles made $7.1 million in 2023 alone, with $7 million of that coming from endorsements and the remainder from gymnastics. The business magazine says that income had her tied for the 14th-highest paid female athlete last year.
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Simone Biles endorsement deals
Forbes lists the following companies as brand partners for Biles:
Celebritynetworth.com also listed these companies as part of Biles’ list of endorsements:
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Tide
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The Hershey Company
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Procter & Gamble
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Mattress Firm
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Spieth America
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Beats by Dre
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Oreo
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Uber Eats
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MasterClass
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Facebook Watch
How much money does Biles win for a gold medal?
According to CNBC, the United States Olympic Committee pays athletes tens of thousands of dollars for finishing on the podium in an event.
Gold medal winners get $38,000; silver medalists get $23,000 and bronze winners get $15,000.
Biles already has earned $38,000 with her women’s team gymnastics gold medal this year and will compete in the all-around final against fellow American Suni Lee at 12:15 p.m. ET on Thursday.
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This article originally appeared on USA TODAY: Simone Biles: Net worth, endorsements and earnings for gold medalist
