Simone Biles who is seen as one of the greatest gymnasts of all time boasts of a net worth of $16 million as of 2023, coming from achievements as a gymnast and also some lucrative endorsements she’s had.
How Does Simone Biles Make Her Money
Simone Biles made lots of fortune from her career as a gymnast but that does not in any way stop her from searching for more ways to generate more income, in fact she was the highest highest-paid Olympic athlete when it comes to endorsement deals in 2020.
One of those ways is through endorsement deals. Simone is one of the high-profile women who had a deal with Nike when she signed a long-term deal with the Sportswear brand in 2015, the same year she also inked a deal with another sportswear brand GK Elite.
She however ditched Nike to sign a mega Money deal with Athleta just before the 2020 Olympics and according to multiple reports, she left Nike not necessarily because of the big money Athleta offered her but because she does not really feel Nike deserves to be associated with her brand due to alleged complaints from their employees and their track record of scandals.
Before the 2016 Olympics tournament, Simone appeared in a Tide Commercial and she was included on the cover of a Special edition of Wheatis Box alongside her Final five teammates.
Fair to say the 2016 Olympics tournament where she performed massively has gained her some more deals that also brought lot’s of income estimated to be $20 million to her already growing wealth
Below are some if the brands she signed lucrative deals with
- Uber East
- Matress Firm
- United Airlines
- Beats by Dre
- FacebookWatch
- Visa
- The Hershey
- Masterclass
- Personal Life
Who is Simone Biles?
Semone Biles is an American artistic gymnast who was born on the 14th day of March 1997 in Columbus. With 32 medals won both from the Olympics and World Championship, she has been ranked as the most accomplished American Gymnast of all time with others arguing strongly that she is the greatest to ever take part in the game.
Simone Biles is in a romantic affair with Professional Football player Jonathan Owens but Owens only got the chance to be with Biles after her 3 years relationship with Felix gymnast Stacey Ervin Jr collapse in 2020.
Assault case with Larry Nassar
The world was thrown into a state of complete shock when news came out that USA gymnastics physician Larry Nassar has sexually assaulted some Olympians.
Many ladies came out clear to speak out on the issue and Simone joined others in 2018 where she went to the extent of of accusing the USA gymnastics of playing a direct role in allowing the abuse to continue over a long period.
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