Simone Ariane Biles, born on March 14, 1997, in Columbus, Ohio, is an American artistic gymnast who is widely regarded as one of the greatest gymnasts of all time. As of 2024, Simone Biles is 27 years old. She is the third of four siblings, and had a difficult childhood. Due to her mother struggling with addiction, Simone and her siblings were placed in foster care. When she was six, her maternal grandfather, Ron Biles, and his wife, Nelly, officially adopted Simone and her younger sister, Adria, and provided them with a stable and loving home in Spring, Texas.
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Biles’ introduction to gymnastics began during a daycare field trip at the age of six. Recognizing her natural talent, her daycare instructors suggested she take up gymnastics. She soon enrolled in a training program at Bannon’s Gymnastics, where she began her journey to becoming a gymnastics legend.
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Rise to stardom
Simone Biles rose quickly in the world of gymnastics. By 2011, she had won the gold medal in floor exercise and the bronze medal in vault at the American Classic in Houston. Her breakout year came in 2013 when she won her first US National All-Around title and then the World All-Around title at the World Championships in Antwerp, Belgium. Her performances were characterized by their difficulty, precision, and artistic excellence.
Biles continued to dominate the sport over the next few years. At the 2014 and 2015 World Championships, she won multiple gold medals, solidifying her status as a dominant force in gymnastics. Her exceptional skills, including her signature moves such as the “Biles” on floor and vault, set her apart from her competitors.
2016 Rio Olympics and beyond
The 2016 Rio Olympics was a landmark moment in Biles’ career. She led the U.S. gymnastics team, known as the “Final Five,” to a gold medal in the team event. Individually, she won gold medals in the all-around, vault, and floor exercise, and a bronze medal in the balance beam. Biles’ performance in Rio made her a global superstar and one of the most respected American gymnasts in history.
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After a brief hiatus from competition, Biles returned to the sport in 2018 and continued her winning streak. She won four gold medals at the World Championships in Doha, Qatar, demonstrating her unwavering dominance. In 2019, she broke the record for the most World Championships medals won by any gymnast, male or female, with a total of 25 medals.
Simone Biles net worth in 2024
As of 2024, Simone Biles’ net worth is estimated to be approximately $16 million. Her wealth is derived from a combination of her gymnastics career, endorsement deals, and various business ventures. Biles’ marketability and her status as an iconic athlete have enabled her to secure lucrative contracts and sponsorships.
Sources of income and endorsements
Simone Biles’ net worth has grown from various income sources and endorsements. Her main source of income has been her gymnastics career, which includes prize money from competitions and stipends from the US Gymnastics Federation. However, most of her wealth comes from endorsements and sponsorship deals.
Biles has signed endorsement deals with several high-profile brands, including Nike, Athleta, Visa, Kellogg’s, Uber Eats, and Core Power. These partnerships have not only increased her financial earnings but also expanded her visibility beyond the gymnastics community.
In 2021, Biles made headlines by leaving her longtime sponsor Nike and signing with Athleta, a women’s sportswear brand owned by Gap Inc. The move was significant, as it reflected Biles’ commitment to working with a brand that aligns with her values and supports female athletes. The partnership includes a line of activewear designed by Biles, which has been extremely successful.
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In addition, Biles has ventured into the business world with her own line of leotards and gymnastics apparel. Her entrepreneurial endeavors have added to her income and helped her have more control over her brand.
Personal life and interests
Simone Biles’ personal life has been quite talked about. In 2020, she announced her engagement to Houston Texans NFL player Jonathan Owens. The couple often shares their lives on social media, giving fans a glimpse into their relationship.
Biles is also known for her advocacy and philanthropic efforts. She has been vocal about mental health awareness, sharing her struggles with anxiety and the pressures of elite competition. Her decision to withdraw from multiple events at the Tokyo 2020 Olympics to focus on her mental health sparked a global discussion about the importance of mental health in sports.
In addition to her advocacy work, Biles supports various charitable causes. She has worked with organizations such as the Houston Humane Society and the Special Olympics, and has used her platform to give back to the community.
Influence on gymnastics and sports
Simone Biles’ impact on gymnastics and sports, in general, is profound. Her unique skills and accomplishments have redefined what is possible in gymnastics, pushing the boundaries of the sport. Biles’ impact goes beyond her athletic prowess; she has become a role model for young athletes and a symbol of strength, resilience, and excellence.
Biles’ advocacy for athlete mental health and her willingness to speak out on important issues have made her a powerful voice in the sports world. She has inspired a new generation of athletes to prioritize their well-being and stand up for their beliefs.
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Category: Net worth