How is The Net Worth of Simone Biles an Amazing $16m?

What is Simone Biles’ net worth?

Net Worth$16 million
Source of WealthProfessional Gymnast
Date of BirthMarch 14, 1997
Height4 ft 8 inches
Place of BirthColumbus, Ohio
Star SignPisces
Marital StatusEngaged to Jonathan Owens 

The Usual Intro

Simone Arianne Biles is a successful American professional gymnast with a total of 34 Olympic and World Championship medals, making her one of the best-decorated gymnasts in history.

She has a successful career, racking up 25 gold medals across many competitions and a net worth of $16 million.

Before the Spotlight

Biles was born on March 14, 1997, in Columbus, Ohio. She is the daughter of Kelvin Clemons and Shanon Biles and the third of their four children. Her mother was unable to take care of the children, so her grandfather, Ronald Biles, and grandmother, Nellie Biles, adopted her and her sister at a young age.

In 2012, Biles started to be homeschooled instead of going to a public school. This allowed her to increase her training from 20 hours to 32 hours per week.

The Journey to Success

Biles came into the limelight at the 2016 Summer Olympics in Rio de Janeiro when she won an individual gold medal. She went on to become a five-time world all-around champion, three-time world balance team champion, two-time world vault champion, and a six-time United States national all-around champion throughout her decorated career.

Biles has the most world medals and also most world gold medals. She leaped Scherbo’s 23 medals record when she won her 24th and 25th gold in the 2019 competitions. She also has the most world-round titles.

Likewise, she is the 6th woman to win an individual all-around title, and she is the 10th female gymnast to win a world medal in every event. She was named Team USA Female Olympic Athlete of the Year in 2015, making her the 4th gymnast to win the prestigious honor.

The Best Moments

Some of the best highlights of Biles’s career include:

  • Biles was named Team USA Female Olympic Athlete of the Year in December 2015. In 2016, she won the Glamour Award for the Record Breaker.
  • In 2016, she was chosen as one of the BBC’s 100 Women, and after the world championships, she was named one of ESPNW’s Impact 25 and chosen as Sportswoman of the Year by the Women’s Sports Foundation.
  • Biles won the ESPY Award for Best Female Athlete in July 2017. The same year, she clinched the Shorty Awards for the best in sports. At the 2017 Teen Choice Awards, Biles won favorite female athlete and won Laureus World Sports Award for Sportswoman of the Year in 2017.
  • On July 7, 2022, Biles was presented with the Presidential Medal of Freedom, the nation’s highest honor given to civilians, by President Joe Biden in a ceremony at the White House.

The Private Side

Biles was in a relationship with fellow gymnast Stacey Ervin Jr between August 2017 and March 2020. Currently, she has been in a relationship with professional American football player Jonathan Owens since August 2020. She announced her engagement to Owens in February 2022.

She underwent surgery for bone spurs in her right tibia in October 2013, forcing her to be sidelined for three weeks. Also, in 2014, she sustained a shoulder injury resulting in her withdrawal from the American Cup in March 2014.

Biles opened up about having attention deficit hyperactivity disorder after her medical records were leaked online, revealing that she had been taking Ritalin used to treat the condition during the Olympics.

Biles released a statement on Twitter alleging that former USA Gymnastics physician Larry Nassar had sexually assaulted her. She also alleged that the USA Gymnastics had a role in allowing the abuse to occur and subsequently covering it up.

Simone Biles Related Youtube Video

Famous Quotes of Simone Biles

  • “I would say to always follow your dream. And dream big because of my whole career, including any of the things that I’ve accomplished, I never thought in a million years that I would be here. So, it just proves that once you believe in yourself, and you put your mind to something, you can do it.” – Simone Biles
  • We’ve always had each other’s backs in and out of the competition. We support each other the most because we’re the only ones that know what it’s like to go through what we do, and so we can’t be more thankful for each other. We’re like sisters.” – Simone Biles
  • “A successful competition for me is always going out there and putting 100 percent into whatever I’m doing. It’s not always winning. People, I think, mistake that it’s just winning. Sometimes it could be, but for me, it’s hitting the best sets I can, gaining confidence, and having a good time and having fun.” – Simone Biles

The Social World

Here are some social media stats of Simone Biles:

Lessons for Entrepreneurs

Here are the three important lessons we can learn from her Biles:

  1. Enjoy every moment. Always try to enjoy the moment and have fun; that’s when the best memories are built.
  2. Be bold. Biles did not hesitate to come out about her medical condition and even about being sexually assaulted. It helped build her career.
  3. Always focus. Success is fought for. Always push yourself further while keeping your eyes on the target.

The Unusual Stuff

Here are some interesting facts about Biles:

  • She was adopted by her real grandparents at the age of six.
  • She was adopted alongside her sister.
  • Holds the record for athletes with the most gold medals.
  • And she is only 25 years old!

Answering Frequent Questions

Is Simone Biles married?

Biles is yet to be married. She is currently engaged to an American footballer, Jonathan Owens.

What is Biles’ net worth?

As of July 2022, Biles has accumulated a net worth estimated to be $16 million.

What is Biles’ hobby?

Biles developed an interest at the age of six during a day-care field trip to Bannon’s Gymnastix.

The Closing Remarks

Simone Biles is an outstanding gymnast who is considered the greatest gymnast of all time. She has won all kinds of medals in the Olympic Games and competed in many other competitions excellently. She has enjoyed a very successful career, boasting a total net worth of about $16 million.

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Asad Elahi

Asad Elahi is a personal finance expert and author with over 5 years of experience in the industry. He has written extensively on topics such as saving, investing, and building wealth, focusing on helping individuals achieve financial independence. His work has been featured in major publications such as Forbes and The Wall Street Journal, and he is a regular contributor to financial websites and blogs.